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Open House Property Investment

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Author Topic: Open House Property Investment  (Read 275 times)
Newbie
Posts: 2

I like property

« on: January 24, 2019, 10:09:54 PM »

Hi All

New to property investing but I was wondering if anyone has dealt with or heard anything (good or bad) about the following company that does HMOs (amongst other things):

 

I wanted to get started in property but need some assistance in the beginning so was looking at Open House Property Investment to get started.

Comments?
« Last Edit: January 24, 2019, 11:08:24 PM by Simon Pambin »
Global Moderator
Sr. Member
Posts: 357

I like poetry

« Reply #1 on: January 24, 2019, 11:14:49 PM »

You might try looking them up at Companies House. I found it quite enlightening.
Newbie
Posts: 2

I like property

« Reply #2 on: January 25, 2019, 08:39:13 AM »

Can i ssk what you found enlightening?
Global Moderator
Sr. Member
Posts: 357

I like poetry

« Reply #3 on: January 25, 2019, 10:07:51 AM »



https://beta.companieshouse.gov.uk/company/09827132/filing-history

As at the date of the most recent accounts, Open House Property Investment Limited was insolvent.
Global Moderator
Hero Member
Posts: 3128

I like lots of things

« Reply #4 on: January 25, 2019, 12:08:03 PM »

Comments?

Are you daft?

It seems, to me, that you must be daft. For private Landlords, who control their own properties and have no third parties to pay, times are getting harder due to legislation changes... that means profit margins can be dwindling, unless you are draconian in your methods of offsetting how the Government puts their hands in your pocket with how you put your hand into your Tenant's pockets. Not many are as draconian as is needed. The pain is most likely shared. The market can't take it all, yet Landlords are seen as a party who can. Yet, you want to dip your toe into this market - you've suddenly woken up and thought - "I know, I'll invest in property" - and this is the research you've done thus far? Are you a moneyed beneficiary of inheritance or a trust fund child? You've come up with a way of diluting any profit you'd make by handing it off to a third party... whose only purpose in life is to make money off you!!! Surely you see that? People who engage in this kind of thing are out-and-out Muppets of the highest order. Are you a Muppet (of the highest order)? They're what are called "a mark"... by the unscrupulous and crafty.

You're 100% correct that you need assistance... you need help. Now, this is not a personal insult... I'm just going in a bit hard because I despair when I hear of things like this, and how the na´ve and trusting are taken in. Step back from the fireworks my boy, step back... go home, sit down with an ice pack on your forehead. Calm the hell down. As Landlords we are a bunch of people who are destined to exploit Others. We should not be the ones being exploited by Others. So, if you need assistance then let me reassure you this is not the assistance you need. However... if you are liquid and have some desire to get into this game... then there's a bunch of folk on here who are doing it, right now... some hating it, some loving it, all living it. We can help... but try to make your questions specific... examples might be?

Q. As a first time Landlord what kind of property is a good bet?
A. Not HMOs.

Q. As a first time Landlord should I employ an Agent or do it myself?
A. Do it yourself... sink or swim.

Q. As a first time Landlord where should I buy my first property?
A. Close to you.

Q. As a first time Landlord...
A. Blah-blah-blah...

We can actually be a friendly bunch (I'm not claiming that for us all) but we often don't react well to Muppetry... or people with thin skins.
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