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put property in a ltd company
Having been in and out of this super share since it was under a pound I Last went out on a stop loss and glad at the time in March due to the Covid conundrum as it then hit rock bottom but was a great chance to re-enter cheap as chips so tomorrow on good results I will be looking for a premium price an offer I will not refuse bank profit and wait till the dust settles and re-enter as I still expect five pounds by the turn of the year but with covid all bets are off for me now but this is a top share for a trade on top of going long as there are always good dips along the way GL DYOR
Bricks and mortar will always have a build value so will never go to zero, buy below market value (bmv) at auction etc a couple of buy to lets is a must have to spread the risk when investing
Plus it becomes an illiquid asset.
I was looking into a rental property but got out off by all the taxation measures that have been put in place over the last few years. No interest write off, extra stamp duty, etc. Then factor in 40% tax and the government have now taken away your right to evict during a crisis. Long term it would be good but month to month quite risky and I’d just about break even.
This is correct. Its actually better to own 2 houses with a combined rental income of around £3,000 than owning 6 flats with and income of £4,000. You have 6 boilers to go wrong, mortgages to pay, tenancy agreements to renew, service charges to pay and most flats are leasehold as well. Houses are by far the better choice but that’s why you pay a premium. Property tribes is an amazing website for information on investing in property if any of you guys want to get into it with all those boohoo earnings lol
T minus 9 hours!
STEVENONOTHING..I respect your opinion but as a BTL landlord with 35 years experience..do not only buy flats and do not only buy houses, buy both.LP
I am invested in Boohoo but Saint Trooez is a ramper ! DYOR
Hoping for results that exceed expectations tomorrow. I think everyone is expecting them to be good. We have a lot of new investors from the recent fall to £2ish so hopefully most won’t all try and sell on the bell tomorrow!
Hold for gold as they say!
Good luck all.
Ha ha mother frickin odey removed his shorts on the day his shorts got delivered, it's a sign.
I’m caught in two minds tomorrow- I think we will see 430-450 mark but over the next 6-12 months this stock has so much growth potential. I know tomorrow there will be a large drawback after initial gains with most people selling and taking there nice profits over the last few months but just feel this stock over the next year with constant use of influencers, the emphasis and focus on promoting the brand in the US and UAE and lastly it’s acquisitions make this stock such an apple in the market
So you are predicting 488 to 507 price tomorrow then Pearce. I like your enthusiasm but you’re coming off quite naive and desperate. The short by odey was only unwound by 0.02% just below declaration - no doubt so they can play.
The good news is that there are plenty of shorts to burn tomorrow. All eyes on guidance and margins - we get increase in guidance and margins still good. We shift up nicely just not as quick as Pearce thinks.
That’s only a 15% jump and if results have continued on the same trajectory as they did earlier this year then it’s highly likely.
They've closed their short in full. It was done yesterday.
I'm surprised the others havent yet
Hi Peace123, don't you mean Odeyous?
Anyusername there are also HMO’s which can bring in serious money but are very intensive with all the students, disputes, regulations, licenses etc. I know of landlords who have bought 5 bed houses in southend, converted them into 8 rooms, some en suite and charge £550pm, you’re looking at around £4,000 income but deduct agent fees, bills, mortgage costs, vacancies and maintenance it can become a pain in the a*se but there is profit to be made when the uni’s and colleges reopen. All this while the property is slowly increasing in value too. Some landlords have houses which only accept girls to make a safer environment but they can also be a pain. Worth looking into. Look up Tony Law “yourfirst4houses” on youtube but dont sign up for any of his courses, his youtube videos are informative enough
Wish I had some of my losses from various AIM garbage OUTSIDE ISAs. They're great if you pick a winner, but I've been selling down my properties and on the hook with the special reward of an 8% residential property surcharge on top of the standard 20% higher rate CGT. A bit of an anomaly, but apparently you pay 20% higher rate CGT if you make gains on shares above the allowance, but if you have property gains at 28% you can use share losses to offset.
My experience with CGT over the last 30 years is.. .. just when you think you have it sussed, they change the bl00dy rules!
I was looking to add more properties to rent out this year and take advantage of a covid price drop but they’ve actually shot up and far more experienced landlords seem to snap them up before they even hit the market. Interest rates are so low as well which is good for BTL mortgages. The best place for anything about property investing is property tribes. It’s actually a lot like this place and people are always willing to give any advice. I think property is far safer than the stock market for obvious reasons but you can always get a dodgy tenant, I’ve been quite lucky with mine and they had no problems paying rent during the crisis and in return I’m not going to increase their rent (even though the estate agents keep urging me to!).
CGT is 20% and in the Boohoo scenario I use it for the 20% margin requirement, which gives a lot of amplification to 60k margin at a 70p per share profit (or more).
You can also be efficent when you reinvest profit within 30 days.
With rentals you do the same as stocks and diversify. Buy 10 flats in somewhere like Southampton for 100k to 150k and you are laughing. Handle the listing yourself and only rent to professionals.
Dont buy houses as rentals.
CGT, on shares, isn't 40% and it's pointless posting figures you have guessed in a post on the theme of 'I don't know how people can......'
I'd love to pick your brains on rental Paul - I've always had a negative look on it with such a small yet 'safe' return of usually single digits to a usual max of 10% or so - however the idea of a single month getting no rent making the year a potential loss has always put me off - I guess if you had enough to buy 3-4 properties and keep the ball rolling would be great, but who knows!
To be honest I’ve only been trading since June and if I make £12k profit this tax year I’ll be over the moon. I’m more of a property investor and this is all still quite new to me but I’ve been using my rental profits to plough into shares. Learnt so much though and this forum has been a god send.
An accountant can do wonders.