{"id":98,"date":"2020-10-01T13:56:51","date_gmt":"2020-10-01T13:56:51","guid":{"rendered":"https:\/\/adammccord.co.uk\/?p=98"},"modified":"2020-10-01T13:56:51","modified_gmt":"2020-10-01T13:56:51","slug":"the-preassure","status":"publish","type":"post","link":"https:\/\/adammccord.co.uk\/index.php\/2020\/10\/01\/the-preassure\/","title":{"rendered":"The Preassure"},"content":{"rendered":"It was only four months after I had finished my own house. I was thinking, \u201cShit, I want to buy<br \/>this house, but I don\u2019t have any money. How am I going to do this?\u201d I put the offer in and I had<br \/><br \/>5<br \/><br \/>no real concept of how I was going to do it. Luckily, I got one of the last 90% loan-to-value<br \/>mortgages at the time back in 2008. Now that my house had gone up in value, I was able to draw<br \/>some equity out of it to put down as a deposit for this house. The day that it completed, it was all<br \/>over Sky News: housing markets had crashed, everybody was pulling out, doom and gloom. My<br \/>mum asked, \u201cAre you sure you\u2019ve done the right thing, because it looks like a really bad idea?\u201d I<br \/>did briefly wonder if I\u2019d bitten off more than I could chew. But I knew that the mainstream<br \/>media will tell you one version of what\u2019s happening in the world; it tends to be quite biased. I<br \/>kept that in mind, and I thought, \u201cUnless anything forces my hand, I\u2019m just going to continue<br \/>with my plan.\u201d So, I renovated the house, then got it rented out.<br \/>In the meantime, I probably had one of the lowest times in my life. I had just finished doing a<br \/>four-month refurb on my own house, before I chucked myself in at the deep end again. Most<br \/>people buy a standard buy-to-let flat as their first investment purchase, but I was buying a<br \/>standard, 3-bed residential house and turning it into a high-spec HMO with no real experience,<br \/>no mentors, and no guidance.<br \/>I thought, \u201cI am my target market. If I can do things I like, then there\u2019s a high chance that people<br \/>like me will want to live there.\u201d I priced it at what I thought was reasonable, rather than a<br \/>scientific calculation. I didn\u2019t even look at the market. The second house seriously took it out of<br \/>me, as I was still working full-time. I was doing 40 plus hours at work and travelling about 15 to<br \/>20 hours a week to get to work and see clients and customers. I was also having to do all the<br \/>planning, budgeting, talking to trades people, and having to go out to DIY stores, because I was<br \/>trying to keep costs to a minimum. I was doing over 100 hours a week of work. I wasn\u2019t sleeping<br \/>much. I was also trying to see friends and family.<br \/>I had a breakdown. One","protected":false},"excerpt":{"rendered":"<p>It was only four months after I had finished my own house. I was thinking, \u201cShit, I want to buythis house, but I don\u2019t have any money. How am I going to do this?\u201d I put the offer in and I had 5 no real concept of how I was going to do it. Luckily,&hellip;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-98","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/adammccord.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/98","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/adammccord.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/adammccord.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/adammccord.co.uk\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/adammccord.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=98"}],"version-history":[{"count":1,"href":"https:\/\/adammccord.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/98\/revisions"}],"predecessor-version":[{"id":99,"href":"https:\/\/adammccord.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/98\/revisions\/99"}],"wp:attachment":[{"href":"https:\/\/adammccord.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=98"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/adammccord.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=98"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/adammccord.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=98"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}