Buy to Let now...or wait a year??

Lotus-eater

We haven't heard any more about the governments stated plan of buying up all the empty new houses and making them council houses or housing associations have we?

Jonbvn

shellbell63 wrote: »

Why do you think someone doing BTL is sinking all eggs into one basket?
I've already said diversification is the key. I think few BTLers on here will be doing ONLY BTL. Just that BTL is part of our program as it were.

Maybe not all their eggs, just some very big ones!;)

Jonbvn

Lotus-eater wrote: »

We haven't heard any more about the governments stated plan of buying up all the empty new houses and making them council houses or housing associations have we?

Any link to substantiate that?

If they did it, then AST's would surely become history almost overnight.

Lotus-eater

No, I thought I heard Gordon say it on the radio the other day.

shellbell63

Lotus-eater wrote: »

We haven't heard any more about the governments stated plan of buying up all the empty new houses and making them council houses or housing associations have we?

Mmmm not convinced - it would be a big u-turn after selling off council houses cheaply for yonks. And if they did, would they still allow tenants to buy at hugely discounted rate still, as they do now? If so us taxpayers are coughing big style again....

Also in my area - council housing areas seem to be far less desirable than other areas, even if those areas are predominately privately rented properties. People round here still prefer - given a choice - to rent from a private landlord than council.

Sorry still not convinced private rental is dead in the water. But thats just my opinion.

I reckon we ought to arrange a retirement party for 2028 now. Just so some of us can gloat & some of us can eat big chunks of humble pie...... Or maybe we'll all just take our hats off to each other & say well done - mines a pint!
:beer:

Dithering_Dad

shellbell63 wrote: »

I reckon we ought to arrange a retirement party for 2028 now. Just so some of us can gloat & some of us can eat big chunks of humble pie...... Or maybe we'll all just take our hats off to each other & say well done - mines a pint!
:beer:

I can't retire in 20 years time, I'll only be 48 by then!

shellbell63

Dithering_Dad wrote: »

I can't retire in 20 years time, I'll only be 48 by then!

Picky! Or what?

shellbell63

Never mind. I'll let you come to my party - so I can gloat that you're working & I'm not, & you can gloat than I'm decrepid & you're not!

Conrad

Dithering_Dad wrote: »

Has anyone thought of buyign a commercial property within a SIPP and then rent it out?

I think that all the rent and any cap gains from sales will be free of tax because it's held within your pension. Would liek to have this confirmed though. It could be the best of both worlds between BTL and ISA?

Last time I checked, the managment fees for the SIPP provider were a bit high and there were too many restrictive rules for my tastes, particularly in terms of exits / death and so on.

Commercial property I have long had an interest in, but the voids can be very long indeed - years!
Having said that if you can find something special then it might be worth a look. An advantage is your tenant tends to make thier own improvements which add value, at no cost to the owner.

shellbell63

Conrad wrote: »

Last time I checked, the managment fees for the SIPP provider were a bit high and there were too many restrictive rules for my tastes, particularly in terms of exits / death and so on.

Same here - we chose to do it privately - rightly or wrongly.