Description
Join Kev as he talks to title-splitting expert Rachel Knight. Rachel talks through the implications of the recent announcements by the government that will release positive opportunities for property investors. She also reveals her unique strategy for getting high value from her properties with less work than you may think!
KEY TAKEAWAYS
Title splitting is the creation of leasehold from freehold.
The government are looking at changing the current system of leasehold/freehold to common value. This means the value will be in the lease, no longer the freehold.
Think outside of the box, Rachel reconfigured two flats she owned together to make 3 luxury 2-bed apartments.
The number 1 advantage to title splitting is you get the capital growth from day 1.
This title-splitting strategy can work in any area.
You need the right people to understand this title-splitting method, not every solicitor will know how to achieve it and neither will all banks.
You can title split at any point, not just when you are buying or selling.
If you split before you may want to sell, it means you can sell flats individually to retail buyers, not just to another investor as a ‘job lot’ of flats as many people do.
Title splitting is a good way to diversify your portfolio. For example, switching your SA to single let or vice versa.
BEST MOMENTS
"Title splitting is something that has been around for centuries”
“I got a massive value uplift in doing that”
“This is out of the box to legally get round things you might consider a blocker to your business”
“You want things that are easier to manage as you get older”
“You need a solicitor who knows what they’re doing”
“Title splitting is a good way of diversifying”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/
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Twitter: https://twitter.com/progperty
LinkedIn: https://www.linkedin.com/company/progressiveproperty
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Facebook Community: https://www.facebook.com/groups/progressivepropertycommunity
Facebook Page: https://www.facebook.com/Progperty
progressive, property, investing, rent, housing, buy to lets, serviced accomodation, block, auction, home, financial freedom, recurring income, tax, mortgage, assets: http://progressiveproperty.co.uk/
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