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+44 (0) 203 303 3172
20th October 2015
Nice piece by Gemma Smith:
MIDAS Property Club event at the Hilton Sky Bar, Wembley
By Gemma Smith
A fantastic event at the Hilton Sky Bar took place on the 13th October this year that attracted people from different industries all over the country.
Background and an insight into the event
The MIDAS Property Club (MPC) is a thriving social group that meet every month to network and connect with like-minded people from all over the country. It is a place for people to come together and share their interests in the property industry.
The most recent MIDAS event at Hilton Sky Bar in Wembley took place on the 13th October 2015 and had an awe of exciting energy in the room, which was both professional and sophisticated, as conversations filled the heart of the venue. As people walked through the Sky Bar doors the MIDAS team greeted them and there was a bar available for our guests to get themselves a drink and relax.
Notably at the event there were many new faces that joined us in the prestige environment, which we hope will be the first of many more to come. The networking windows throughout the night provided a great source of prospect to distribute business cards and make new property acquaintances alike, and half way through the event there was a deluxe buffet available for any hungry stomachs.
The MIDAS ethos is welcoming in many areas and we aim to attract the following people: experienced Landlords with multi-million pound portfolios, Landlords with single or multiple Buy-to-Let properties, local Investors, local Developments, professional HMO Landlords, Rent-2-Rent operators, Financial Advisers and Mortgage Brokers, bridging Loan providers, joint venture experts, local Estate Agents and Investors who are simply looking to learn and grow more in their unique area. Not only that, people starting out in the property industry who are just looking to get involved and broaden their minds are also welcome.
Those that attend the event are able to obtain exclusive knowledge from our Key Note Speakers and have the opportunity to build relationships with the immediate MIDAS Property Club team.
Another perk to the evening was the stunning outside area for our guests to socialise and intermingle with others, overlooking the region’s biggest stadium, Wembley.
Mr Jeremy Jacobs did a fantastic job at hosting and welcoming our guests, filling them in on the evening and what they could all expect. Our invitees had the perfect chance to pitch their business and any other ideas to the audience in 30 seconds, offering a sense of unity and enhanced familiarity in the room. It was interesting and equally stimulating to be a part of, indeed.
So what was this event about?
This MIDAS Property Club event at the Hilton Wembley focused on the Summer Budget 2015 and looked at the ways it would affect our guests. The new budget will have huge consequences for those involved in the property market, especially for all UK Property Investors. Property Investors may have to make some huge changes, to avoid feeling encouraged to leaving their property ventures behind.
The taxation changes are quoted as “catastrophic” by one of our Key Note Speakers: Ranjan Bhattacharya. Three main changes that he highlighted during his speech were: 1) the changes in the wear and tear allowance 2) dividend tax to limited companies and 3) mortgage interest rates, but focused on number 3.
Mortgage interest rates were normally an expense. However, during the Chancellors speech during the summer he changed it from an expense to a relief, in effect, renaming it. This means that property Investors normal legitimate expense can no longer be claimed back. It is now a ‘turnover tax’ but just named differently, both slyly and cleverly done by those in power at the top of the chain. This will be affecting private individual Investors dominantly, who own residential property (all Buy-2-Let owners with mortgages).
“Now we pay tax on our biggest operating expense.” – Ranjan Bhattacharya.
Undoubtedly, the principals of debt are changing. It is absolutely fine and manageable to have ‘good debt’, whereby an Investor places their money into assets that will bring back more profit, exceeding their debts in the long run. Most now, due to these changes, will fall into the higher tax band, with limited and in some cases zero benefits and allowances available.
“If you’re gearing is 75% you will may 0% profit from 2020.” – Ranjan Bhattacharya.
He also went on to saying: “The main activity is to make further investments in limited companies.
“If you are a full time Landlord then solutions will be around corporations. Buy-2-Let will be the preserve of big business and strong regional independents operating in a Ltd. co-structure.
“It is changing in favour of big, corporate players. To be safe, get a high cash flow and lower gearing. Wait for the Finance Act in the new year.”
This seems to be the best option, and maybe the only option for a bright property future.
Speaker Ranjan Bhattacharya also went through ‘The Property Investors Survival Guide’, which has relevant information and steps that people must take to prepare for these changes over the next few years.
The other Key Note Speaker on the night was Richard Bush who focused on Equity Crowd-funding and it’s platform for UK property. He spoke a lot about ways in which deals can be tactically structured for investments and developments, and the benefits this has on overall finance.
“Many people want to invest but don’t have the time.” – Richard Bush.
He continues: “If you’re a lender you get a predictable return and a fixed time scale.
“If you’re not getting income, you’re not paying anything out. Equity Funding is a flexible funding platform – you give them a share of the income and growth.
“You then raise the rest from the crowd and you decide what return you’ll share with them (of the income) and keep some to cover costs.”
About our MC on the night, Jeremy Jacobs
Is he the real deal?
Corporate and Business Presenter, Jeremy Jacobs, was the MIDAS Property Club’s MC for our recent event at the Hilton Sky Bar, Wembley. He has presented and hosted for us in the past, and being very fond and enticed by his gifted personality, we decided to invite him back again to be the face and voice for this exclusive event.
Jeremy Jacobs is a very corporate Presenter who highlighted the importance of engaging an audience, remaining professional at all times and introducing the Key Note Speaker’s with the credible voice and justice they deserve. His tone of voice has eloquence and much clarity that makes it audibly attractive and pleasant to listen to, especially as a member of the crowd.
He said to me: “I find it so very important for a Chairman/Presenter/Facilitator to explain to the audience exactly what is happening.
“I also think its key to eat well, sleep well and be hydrated to give a top West End performance.”
A trait that was recognised in Jeremy Jacobs is his witty hosting ability – to make the audience feel special and warmly welcomed all as one in the same room. He has experience in TV, radio, corporate videos and hosting, making him a very well rounded, versatile individual – a very honourable person to host the MIDAS Property Club’s events.
Speaking to Jeremy Jacobs he told how he works very flexibly, and is willing to go that ‘extra mile’ to sharpen his delivery, growing in strength at what he does. He wishes to understand his clients’ needs to the very core as well as building on the Speaker’s background and knowledge with his own consciousness and awareness in the different areas of expertise. His way is undoubtedly authentic and original, a one of a kind to be reassured. He is a true ‘gem’ to have at your event, and both a pleasure and impressive to be around.
The MIDAS Property Club would like to thank Jeremy Jacobs for all of his time and efforts and we would like to hope to work with him again in the future.
Please visit the MIDAS Property Club website today to reserve your FREE ticket to our next event, and find out some more information and background to the MPC: www.midaspropertyclub.com.
[Our next event is on 10 November 2015 at the Harrow Leisure Centre, 6pm – 11pm.]
Written by Gemma Smith