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  1. C

    Legal and general Property Investments

    We don't have to buy new, its just that I think that new properties tend to rise in value over the first few years on estates as they become established. Buying one a few years old would probably mean the original owners would be expecting a decent profit and I would imagine there are few...
  2. C

    Legal and general Property Investments

    Thanks Bespoke, this was just the kind of feedback i was after. We have brought dozens of IP mags and am ploughing my way through them, but I'm only just getting used to the jargon. I agree that we would probably be best finding a plot, choosing a builder and doing it all ourselves , but...
  3. C

    What do you think of Berwick?

    I've just placed another thread about IP's for sale in Berwick under the Property managment section, but what do you all think of Berwick as an area to invest at the moment. I work here, but don't live here and can't make up my mind!! So nothing new there then!!!!
  4. C

    Legal and general Property Investments

    Has anyone got any comments on these people , good or bad? They are advertising properties just outside Berwick on one of the new estates. They claim that they ensure tenants for 3 years and that you can get started in IP for as little as $1000 paying only 1/5th of the total mortgage payments...
  5. C

    Renting to family

    So if were to rent to our son and appoint him on-site manager can we legally charge him less rent? Will he then need to claim this reduced rent as a form of income when he does his tax return? I just want to make sure we do everything by the book
  6. C

    Renting to family

    Thanks for that. So basically we pay ourslves rent and claim it as income for tax purposes. How do we find out/work out what the market rate would be to charge? Is there a set minimum or maximum? He has an offer of a rent in a friends appartment (his parents are doing the same thing I think)...
  7. C

    Renting to family

    Hi, this is my first post, so please forgive me if I've posted in the wrong place! OH and I are considering trying to purchase our first IP and are finding it quite scary!! We have two sons at uni paying rent and will have a third joining them shortly (not all in the same city's so they can't...
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