Tag: #landlords

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DIFFERENT WAYS TO FINANCE A PROJECT

Post author By Shelley Hollis
Post date January 18, 2021

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We need to find the best, most profitable way to fund the project.⠀
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Our most used funding product is development finance, this allows us to not only borrow against the purchase price but also the development costs, these types of products are only available to experienced property investors & we must prove that we have assessed the project & the profitability. These types of products will usually require the property to either; not need any planning permissions to uplift or have planning permission in place. ⠀
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Puchase timings? ⠀
Often the properties we find are secured at a significant discount to the open market value, that means we need to exchange contracts quickly. This requires us to find a swift solution to the finance. ⠀
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Property condition? ⠀
If the property is ready to let then we will look at a buy-to-let mortgage, if it needs some work we will consider development finance. If it is not mortgageable due to condition or lack of planning permission we will usually look to use bridging finance/private investor. ⠀
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What is the best choice to offer the most profitable end result to the project?⠀
We look at the balance of speed of implementation V’s profitability & availability. It’s not always the cheapest that is the most profitable when you factor in added time due to slow response time/risk of losing the project due to delays. We have to make sure we get this balance just right. ⠀
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Funding timeline? ⠀
We look at how long the project will take to complete & consider this within the decision of balance. Often development finance, bridging finance or private investment on a short term basis will be at expensive % rates, so we look to exit from that solution quickly onto a more appropriate product. ⠀
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This is why our selection process & due diligence assessment of a project is extensive when selecting the properties to buy, to enable

swift action & full knowledge to act quickly to fund the projects.

– Tina Wenham⠀
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To find out more or how we can help you find the right property investment, please email us on information@targetfive.co.uk

Tags #brightonpropertyblog, #investmentplan, #investmentstrategies, #investnow, #landlord, #landlords, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, #propertyinvestors

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ETHICS & TRANSPARENCY WITH INVESTORS

Post author By Shelley Hollis
Post date January 18, 2021

This is really aligned with win-win and is a cultural thing. Investors are partners, they are critical to your business, but rather than being schmoozed and flattered, they need to be dealt with as business people. With respect and with transparency.

I have always believed in a consultative approach to sales. I am not a salesman, but I am good at sales. I just tell it like it is, relate it to the client and demonstrate to them how it is a solution for their requirement. In order to do this correctly you need to be absolutely straight. I have not always been as straight. When I started off I tried too hard to make things seem better than they are – and it never ever worked! Sure the deals worked, but not as they expected, which is what they remember.

At T5 we are lucky – we have made that luck and sweated for it, but we are in a fortunate position. We are oversubscribed almost all of the time. How have we got there? By treating our investors as equals, this means being nice but not too nice but especially it means being respectful. Almost all our business comes through referral and recommendation. This is the ultimate vote of confidence.

We will soon be looking for more funding and it’s different to what we have done before. How will we do it? By engaging with people, educating them and treating them with respect. It takes longer at first but it will pay dividends! (TOP PUN ALERT).

– Andy Babbayan

Tags #investmentstrategies, #investnow, #landlord, #landlords, #propertyinvestmentuk, #propertyinvestor, #propertyinvestors, #wealthbuilding101, Property Investment, propertyinvestoruk, propertylandlord

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We are in turbulent waters and they will only get more choppy

Post author By Shelley Hollis
Post date December 17, 2020

??? ???????? ?????? ?? ????? ?? ?????????? ?? ??? ??? ??????????; ?? ?? ?? ??? ???? ?????????’? ?????. – Peter Drucker⠀
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If we are able to have clear strategy, master our market and, most importantly, have a RATIONAL APPROACH TO RISK, then there are great times ahead.⠀
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Risk is sort of my thing. Some people think I am impulsive and risky in my actions, but I rarely make a mistake. Why? Risk management. If you can be rational, break risk down into component parts and mitigate and hedge against each component, then you can act deliberately and decisively with confidence! With that comes incredible competitive advantage.⠀
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Most people are IRRATIONAL around risk. This is because they don’t understand the risk and follow the crowd. I have discussed making Risk work to your advantage in property, in more detail previously, you can review this by clicking the link https://buff.ly/3ahkyzJ

– Andy Babbayan: T5 Group Managing Partner & Acquisitions Director⠀

Tags #brightonpropertyblog, #investmentplan, #investmentstrategies, #investnow, #landlord, #landlords, #propertyblog, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, #wealthbuilding101, #wealthcreation, #wealthmindset

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Assessing a site – how we do it

Post author By Shelley Hollis
Post date December 10, 2020

This is in no way designed as a quick short cut to what is, in many ways, the hardest element of property development. It is certainly where a lot of mistakes are made and ones that are often then realised very slowly and tortuously.⠀
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Key considerations – hardly breaking ground but…⠀
➕GDV and ease of sale/ refinance (location consideration).⠀
➕Purchase Price⠀
➕Additional costs and taxes⠀
➕ALL In Refurbishment cost⠀
➕Finance Costs⠀
➕Profit⠀
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AND⠀
➕Look and feel of the project.⠀
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We have spreadsheets and checklists for all of the above. We are constantly amending them to represent latest costs and values / square footage.⠀
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The last bit is VITAL – does it feel like a project that fits within your broader strategy and plan. This isn’t just about size but also about what it will look like, will it improve your brand and increase your experience base. The ADD to the ADD.

– Andy Babbayan; Target Five Group Managing Partner & Acquisitions Director

Tags #brightonpropertyblog, #buytolet, #investmentplan, #investmentstrategies, #landlord, #landlords, #propertyblog, #propertydeveloper, #propertyinvestor, #propertyrenovation, #propertysourcing, #ukpropertyinvestment, Property Investment, propertylandlord

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BEST PROPERTY INVESTMENT & DEVELOPMENT COMPANY IN EAST SUSSEX

Post author By Shelley Hollis
Post date December 4, 2020

BUILD Magazine’s Real Estate Property Awards have chosen Target Five Property Consultants as winner of The Best Investment & Development Company – East Sussex.⠀
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After the year 2020 has been for all and our team it’s great to receive recognition and an award (which is still being produced ?).⠀
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This award goes to show hard work and tenacity pays off even during a pandemic!. We couldn’t have done it without the T5 team effort and support from @ccrdryliningltd @focus_brighton @brightonrenovations @bpmarchitecturalservices and of course @whaleback.ltd ?⠀
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You can find out more about BUILD magazine and the other award winners here https://buff.ly/3gc7sog⠀
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We’re Target Five, experienced property consultants in Brighton & Hove. ⁣⁣⠀⠀
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Our services include:⁣⁣⠀⠀
? Property investment, sourcing and development⁣⁣⠀⠀
? High yield buy to let portfolio building⁣⁣⠀⠀
? Land development and planning gain⁣⁣⠀⠀
? Property consultancy, income improvement and HMO advice⁣⁣⠀⠀
? Fixed return investment⁣⁣⠀⠀
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Want to find out more about property investment and working with T5, get in touch: information@targetfive.co.uk

Tags #brightonproperty, #investnow, #landlord, #landlords, #propertydeveloper, #propertyinvestmentuk, #propertyinvestor, #propertyinvestors, #propertysourcing, #propertyuk, Property Development Brighton, propertyinvestmentsuk, propertylandlord

Blog

NEW PROJECT UNDERWAY – WEST BUILDINGS, WORTHING

Post author By Shelley Hollis
Post date October 23, 2020

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West Buildings, is a late Victorian mixed-use property in the centre of Worthing, adjacent to the seafront. this building is doing nothing for the local community and economy! But once we’re finished with it it’ll be part of a bustling parade of shops and flats, providing accommodation for professionals, and a shop for locals.⠀
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We plan to turn the upper part of the building into a 2-bed flat and the lower part into an HMO-style 3 bed flat, all of which can be accomplished under Permitted Development. The ground floor commercial unit will be retained. ⠀

Our designs for this project are based on the concept of ‘urban industrial’ here you can see a couple of our mood board ideas.

We will be sharing a video of the inside of this property soon, as we have started the satisfying stage of ripping out! ⠀

Tags #buytolet, #landlords, #professionallet, #propertyinvestor, #propertyrenovation, #rentalproperty, #studentaccommodation, HMO, propertyinvestmentsuk, propertyinvestoruk

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RINSE & REPEAT

Post author By Shelley Hollis
Post date October 5, 2020

It is relatively easy to find one good property – the challenge comes with a consistency of product and a cohesive portfolio. As every start-up is asked, “It’s a great idea but is it scalable?”. Once you have a scalable property strategy then things become interesting. ⠀
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You can define your approach, your rental or sales market and get your refurbishment package and team together. Then sort out your finance entry and exit, with multiple options and you are away!⠀
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You can then build relationships and repeat it. Rinse and Repeat. The great thing is with a successful refinance model, only a small portion of your initial investment is left in. Target Five have been following this buy, refurbish and refinance model ourselves and for other people for 8 years. We have completed more than 200 of these type projects and our record is second to none. We focus on areas that we know and with finance partners we have used before. ⠀
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T5 have just started a crowdfunding raise for one of these properties and would love to take as many as possible on the journey. To find out more please visit https://buff.ly/2Dzud6O).⠀
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Investment in property related assets puts your capital at risk and returns are not guaranteed. Please read the full risk warning at https://buff.ly/3cXqsWh before deciding to invest. Past performance is not a guarantee of future results.

Tags #investing, #investinproperties, #investinproperty, #landlords, #MIRR, #permitteddevelopment, #propertydeveloper, #propertydevelopment, #propertyinvestmentuk, #propertyinvestors, #realestatedevelopers, #realestateinvestors, #ukproperty, #ukpropertymarket, #wealthbuilder, #wealthbuilding101, #wealthmindset

Blog

Buying Below Market Value

Post author By Shelley Hollis
Post date October 1, 2020

I have always disliked BMV as a concept. For too long, it has been the focus for so many training companies and has become people’s strategy, essentially buying anything as long as it’s cheap. Exploiting people’s situations for profit, but also buying in a haphazard way without any real strategy. Basically: lose-lose. Sellers feel short changed and buyers end up with a hotpotch of properties without any unifying goal or aims (as well as being impossible to manage).

BMV is coming about though in a way that is win-win. There is turbulence at the moment and where there is turbulence and uncertainty, then comes buying opportunity. Some people are nervous and exiting the market voluntarily, having made money on their properties. Many long-term landlords are voluntarily exiting. This creates an arbitrage opportunity and where, potentially, the real value is to be found. This means that we are now seeing the chance to buy great quality, central properties in our chosen area with great value. A win for all!

T5 have just started a crowdfunding raise for one of these properties and would love to take as many as possible on the journey. To find out more please visit https://www.leocrowdfunding.com/property/detail/west-buildings-hmo-development-by-targetfive-t5 or on our Opportunites page.

Investment in property related assets puts your capital at risk and returns are not guaranteed. Please read the full risk warning at https://www.leocrowdfunding.com/riskbefore deciding to invest.

Tags #investing, #investinproperties, #investinproperty, #landlords, #MIRR, #permitteddevelopment, #propertydeveloper, #propertydevelopment, #propertyinvestmentuk, #propertyinvestors, #realestatedevelopers, #realestateinvestors, #ukproperty, #ukpropertymarket, #wealthbuilder, #wealthbuilding101, #wealthmindset

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We often get asked how we find our new investors

Post author By admin
Post date June 3, 2020

We are proud to say that our existing investor clients have all come from recommendation or referral from clients who have invested with us and had proven results on completed projects where the target returns were met or surpassed.

It is not however always a fairy-tale ending and we have had our fair share of less successful projects too, but we feel it is a testament to our tenacity, resilience and consideration of an exit strategy that our clients continue to return to us and recommend us to friends, family and colleagues. Our model for conversion of large residential properties to form higher density houses of multiple occupancy to potentially achieve our clients desired yield return figures, has proven to achieve great results more often than not. You can see an example here https://www.leopropcrowd.com/property/detail/case-study-western-road-littlehampton-by-target-5

Our client base has grown naturally since we founded in 2013. It is only recently that we have begun to promote our services and begin discussions with new and unrelated investors. We feel that our unrivalled knowledge and experience along with the unique service and opportunities on offer should be shared.

Capital is at risk and returns are not guaranteed. Past performance is not a reliable indicator of future results.

Tags #buytolet, #buytoletproperty, #crowdfund, #crowdpromotion, #investmentplan, #investmentstrategies, #investnow, #landlords, #propertydeveloper, #propertyuk, #realestatedeveloper, #realestateinvestor, #ukpropertyinvestment, #ukpropertymarket, #wealthbuilding101, #wealthcreation