Have you asked some local Estate Agents? *How long similar properties have been on the market for? Also how long it has taken them to sell other similar properties recently?
if no, please do How much will they stamp duty be? * Have you got quote from builders for the cost of refurbishment? *YesNo How much have you estimated the legal fees to be? * How much have you estimated the legal fees to be? * How much have you estimated the Estate agency fees to be? * How much will the finance cost? * How much profit will be in the deal after all costs are taken into account? * Is it a delayed completion? If so, for how long? * How much have you agreed to pay upfront? * Can you contribute to this? *YesNo How much will the mortgage be per month? * How much can you rent the property for per month? * How much cash flow will there be per month? * How do you plan to pay M.Y back? * How can you be sure the money will come back at the planned time of exit? * If the property is valued at 10% less then what you planned at the point of exit, would this affect your ability to pay the loan back. If so, what would you do? * If M.Y provided the money would you consider doing a Joint venture where you split the responsibility, risk and profit? * Attach a copy of your scanned driving license * Attach a copy of your scanned ID card *