Should I buy to let?

stevetodd

chucky wrote: »

there are quite few around still it's just finding them. leaseholds aren't a no go, you just have to be a bit more careful with them.

off the top of my head look at these with a low service charge and rental return would be ok too.

http://www.foxtons.co.uk/property-for-sale-in-westbourne-grove/nhgt0193226

similarly this

http://www.foxtons.co.uk/property-for-sale-in-notting-hill/nhgt0182882

but then you have this, that doesn't tell you about the service charge. however it's guaranteed to be high as NDG has pointed out on similar properties above.
http://www.rightmove.co.uk/viewdetails-10214796.rsp?pa_n=2&tr_t=buy&mam_disp=true

Yeah I have 3 (used to be 4 bought we bought the freehold) it's just that as a get a bit older I want less hassle and more control (maybe I am getting cranky in my middle age). I realise the yields are a bit higher on flats but I am quite certain what I want now. Not to mention that the first flat you quoted was a £M, thats too rich for me

chucky

stevetodd wrote: »

Yeah I have 3 (used to be 4 bought we bought the freehold) it's just that as a get a bit older I want less hassle and more control (maybe I am getting cranky in my middle age). I realise the yields are a bit higher on flats but I am quite certain what I want now. Not to mention that the first flat you quoted was a £M, thats too rich for me

the expensive flat was just to give an example across price ranges.
to have that amount of cash tied up in a BTL would be a tough one to justify.

agree about the flats - i look at it slightly differently because i think there is less to go wrong as you only have one or two bedrooms. not saying how you would do it is wrong just a different perspective.

Austin_Allegro

moneysavingexperto wrote: »

Being a landlord is easy. You can work from your own home. Earning your self a nice salary with only around 1-10 calls a month regarding the 4 properties you own. After paying the mortgages on them all im still left with 2k pcm from rent... I invested alot into the deposit though. Around 30% but its worth it in the end!! Try it on one property and go from there. Buy 2 Let - way to go in this credit crisis.


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botchjob

meester wrote: »

you can now buy a 2-bed flat in South London for £75k (that would have sold for £180k last year) ..... prices in these areas are at 1998 levels.

Just going back to the original question, pray tell, where are these areas in South London which are back to 1998 levels? And what do you base this on? Evidence please.

Kenny4315

I doubt there is much on the market at the moment that will give you a positive return over a short to medium term period. I think in a further 9 months things will be much more sensible for new investments.

Anyway, as a good BTL landlord I may go round the flats tonight, and annoy the tenants by raiding their fridges drinking their beer, scoffing all there choccies and treats, making long calls to sexy sue's adult hotline, and then @rinating in their beds.

Sounds good to me ..... :money:

and then increasing the rent 10 fold.

tiamai_d

Kenny4315 wrote: »

I doubt there is much on the market at the moment that will give you a positive return over a short to medium term period. I think in a further 9 months things will be much more sensible for new investments.

Anyway, as a good BTL landlord I may go round the flats tonight, and annoy the tenants by raiding their fridges drinking their beer, scoffing all there choccies and treats, making long calls to sexy sue's adult hotline, and then @rinating in their beds.

Sounds good to me ..... :money:

and then increasing the rent 10 fold.

Kenny, I seem to remember my firend's landlord doing that one night many moons ago.... though he swears he didn't mean to wet the bed and was very very drunk and atleast he made it to the toilet the second time and did let them off with the large brown stain on the carpet when they moved out, it was him after all.

So... are you 'that' landlord with a particular liking for crazy vimpto and that can balance a malteaser on each eyelid??? :rotfl: