btl's not really dead is it?

ds1980

less than it is now. but then i'd fix my rates so isn't really a realistic question.

also if rates were that high my savings and offset account would be working riduculously nicely. I plan to have more "savings" than "borrowings". Within a few years.

Conrad

DS

Fair enough, I too started with 2 properties with 5% deposits.

One thing that has long perplexed me though is the blinkered view you never should sell. I find that perhaps a little lazy. Why not sell at the top and then buy back in? For me the main reason most did not do this is because they had a rock steady conviction property prices would not fall.

This is why I question a lot of B2Lers judgement and ability. Sure if you did not want to sell at peak thats fine, but most were too over confident the prices would not fall, hence dismissing out of hand selling in 05 - 07.

PS - long stablished LLs with no borrowing probably had no need to sell and buy back in as they have a cash postive healthy business model where propert assets were aquired long ago at low prices

TITEASCRAMP

ds1980 wrote: »

less than it is now. but then i'd fix my rates so isn't really a realistic question.

Are you not tied into your tracker for a certain period? But you havent got more saving at the moment. What if by this time next year we are at 9% (i dont think we will be, but just say we were).
Are your tennnt on housing benefit or are they all working

ds1980

yeh but not for long.The product stays the same. Interest rates won't be going up anytime soon imo.

We have mor ethan enough to cover if they did go up that high, we've been fortunate.

fatpig_2

ds1980 wrote: »

. I have never suggested that 90% of my fortune is due to luck. .

Haha, listen to Bill Gates. You really are a prize plonker

ds1980

Conrad wrote: »

DS

Fair enough, I too started with 2 properties with 5% deposits.

One thing that has long perplexed me though is the blinkered view you never should sell. I find that perhaps a little lazy. Why not sell at the top and then buy back in? For me the main reason most did not do this is because they had a rock steady conviction property prices would not fall.

This is why I question a lot of B2Lers judgement and ability. Sure if you did not want to sell at peak thats fine, but most were too over confident the prices would not fall, hence dismissing out of hand selling in 05 - 07.

PS - long stablished LLs with no borrowing probably had no need to sell and buy back in as they have a cash postive healthy business model where propert assets were aquired long ago at low prices

i have sold some, pretty much at the peak. We were also buying and selling our ppr's over the last few years so we got the best of both worlds. Sold in april and bought our new one a month back. I'm not interested in the numbers as long as i can do what i wnat when i want then thats good enough for me.

thanks

TITEASCRAMP

ds1980 wrote: »

yeh but not for long.The product stays the same. Interest rates won't be going up anytime soon imo.

We have mor ethan enough to cover if they did go up that high, we've been fortunate.

Well good luck. I hope you reach your goals, and it all works out for you.
I'm one of lifes careful people, not a risk taker. I will not be rich, but I am always confident that I have every angle covered.

pizzagirl

ds1980 wrote: »

Ha Ha.

2 of my btl's are on lifetime trackers! .19% above base rate. Keep the money rolling in.

Who cares about hpi when effectively i'm earning £500-£600 a month more than 3 months ago!

Thinly veiled "Look at me, haven't I done well, aren't you all jealous" thread IMHO

ds1980

fatpig wrote: »

Haha, listen to Bill Gates. You really are a prize plonker

ha ha you obviously didn't understand my wisdom.

http://www.thefreedictionary.com/fortune

i don't have a fortune but ive had fortune

Dithering_Dad

ds1980 wrote: »

ha ha you obviously didn't understand my wisdom.

http://www.thefreedictionary.com/fortune

i don't have a fortune but ive had fortune

Stick fatpig on 'ignore' I did it months ago and so never see any of his/her jealous posts, except when people quote them.

Some people are a complete waste of time on here and fatpig aka napolean is one of them. Don't give them the publicity.