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Advice On Property Business
KEMPO_2
Posts: 4 Newbie
Hello all,
A few months back i started a limited company for a job i was doing but fate has taken the company in a new direction, property.
In the last 2 months we have arranged the letting and management of 4 properties in sw london bought for over 1 million each, arranged refubishments and decoration and i also manage a couple of properties.
We get out clients from a company that deals with overseas investors, they find and arrange the sale of properties and have started to pass the rest of the business on to me.
This is where i want to go with my business, and luck has brought me 2 clients who between them want to spend $4.5 million on 2 flats. at the moment im sourcing out properties and sending them the info.this has nothing to do with the other company.
Now im not sure what to do.
do i set up as an estate agent or do i do a deal with them. I find the property and bring them a cash buyer. then i get them to rent and manage the properties. if they dont want the business i can just black list them from my clients.
Im not sure what % they make from sales but i know from the proprties i have had rented/managed they this can be anything from 12 to 18%
All of my clients will be from overseas.
any advice welcomed
A few months back i started a limited company for a job i was doing but fate has taken the company in a new direction, property.
In the last 2 months we have arranged the letting and management of 4 properties in sw london bought for over 1 million each, arranged refubishments and decoration and i also manage a couple of properties.
We get out clients from a company that deals with overseas investors, they find and arrange the sale of properties and have started to pass the rest of the business on to me.
This is where i want to go with my business, and luck has brought me 2 clients who between them want to spend $4.5 million on 2 flats. at the moment im sourcing out properties and sending them the info.this has nothing to do with the other company.
Now im not sure what to do.
do i set up as an estate agent or do i do a deal with them. I find the property and bring them a cash buyer. then i get them to rent and manage the properties. if they dont want the business i can just black list them from my clients.
Im not sure what % they make from sales but i know from the proprties i have had rented/managed they this can be anything from 12 to 18%
All of my clients will be from overseas.
any advice welcomed
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