Week two of the year kicked off with a bang, here’s a quick summary.
Chris and I spent Monday manically sourcing SA options for a potential opportunity to accommodate a group of contractors in our local area.
I then had two days in Sheffield for my monthly meeting with the Development Discovery mentors Alan, Pauline and Aidan. Big thanks to guest speaker, Accountant Phil Dawson, who gave us a sobering summary of all the tax implications for landlords. Did you know that in a year’s time all landlords will be required to submit a quarterly return to HMRC outlining all rents and costs for each property? Read more here: https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/484668/making-tax-digital.pdf
We have a site secured to develop 11 luxury apartments in Devon and are in discussions with a potential JV investor for funding, fingers crossed.
Thanks to Mike and Jamie for having us at the Derby PPN this week where Pauline and Alan gave an overview of targeted commercial development. Great to meet some fellow investors and really enjoyed hearing George Gannon’s impressive journey using the commercial conversion strategy.
The week finished off with viewing commercial conversion and SA opportunities in Fife and then the Scottish Borders.
P.S.
I mentioned previously that systemisation is a key part of our 2017 theme, with that in mind, I’m reading Michael Gerbers latest book called Beyond the E Myth http://www.beyondemyth.com/