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Investor notes and checklists

Insights you can apply on your next deal

These short articles summarize how we think about profitable, risk-aware real estate decisions. Expect practical checklists, not predictions. If you want a tailored view of a specific listing, visit our Services page and request a Deal Check.

Paperwork and pen on a desk for planning and analysis

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Underwriting

Stop using a single rent number

Use a rent range and decide which point you can defend today. A conservative base case plus a realistic upside case makes it harder to overpay and easier to explain your offer.

Checklist

  • At least 3 comparable rentals, same bedroom count
  • Adjust for condition, floor level, parking, bills included
  • Pick a base case rent you can achieve within 30 days
Capex

Capex surprises come from missing sequence

Budgets fail when they ignore order of work. A phased plan helps you spot dependencies and price risk: electrics before plaster, plumbing before tiling, lead times before finishes.

Quick model

Add a contingency that scales with uncertainty. If the survey is thin, your buffer should be bigger, not smaller. Aim for clarity on the top three unknowns.

Financing

Stress test your payment, not your optimism

A small rate move can erase cash-flow. Model at least two higher-rate cases and verify you can still cover expenses and reserves without relying on perfect occupancy.

What to check

  • Fees and early repayment charges
  • Renewal assumptions and refinance flexibility
  • Minimum reserve you keep after completion
Risk

Define your walk-away rule before viewing

If you decide your maximum price, minimum yield, or maximum rehab budget in advance, you avoid emotional bidding. A walk-away rule is a tool for speed.

Example rule

If base-case cash-flow goes negative with a 10% rent drop or a 1% rate increase, pause and re-price. If it still does not work, pass.

Underwriting

The simplest expense rule that beats guessing

If you are early in your journey, use an expense baseline and refine it later. Include maintenance, insurance, safety checks, management, and voids. Understating costs is the fastest path to disappointment.

Tip

Write each expense line as a question: “Who pays, how often, and what makes it go up?” That phrasing catches missing items.

Capex

Time is a cost: model delays explicitly

Delays affect interest, council tax, insurance, and lost rent. Put a “delay slider” in your assumptions. If the deal only works when everything is perfect, it is not resilient.

Quick action

Ask contractors for lead times, not just prices. Then add a buffer and see how your break-even changes.

Want this applied to your listing?

Send a link and your strategy. We will respond with the most important numbers to confirm first, plus a suggested next step. No pressure, no exaggerated claims.

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