Terrible suffering in BTL land reported daily...

mewbie_2

pickles110564 wrote: »

Broders, If you were struggling to pay your rent would you want the world to know?

Sigh. I'm not Broders. I'm not Cleaver. I'm not Fungus. I wish I was any of those rather than plain old boring mewbie. But we riff off each other.

If I had gambled with BTL and lost, I might want to share on here. Better than telling friends or family maybe. After all plenty of honest people on the debt forums seem to want to share their problems. Whereas in HP it's always on the up for BTL's. Doesn't make sense to me.

btw Cleaver I know your story, about how you are paying off a flat with immoral earnings from being an accidental landlord. It's OK. It's the real BTL's I'm after.

mewbie_2

Cleaver wrote: »

No worries. Happy to explain, but it involves a number of factors, which people who deal in black and white situations may find difficult to comprehend.

Does it involve lying at all?

pickles110564

mewbie wrote: »

Sigh. I'm not Broders. I'm not Cleaver. I'm not Fungus. I wish I was any of those rather than plain old boring mewbie. But we riff off each other.

If I had gambled with BTL and lost, I might want to share on here. Better than telling friends or family maybe. After all plenty of honest people on the debt forums seem to want to share their problems. Whereas in HP it's always on the up for BTL's. Doesn't make sense to me.

btw Cleaver I know your story, about how you are paying off a flat with immoral earnings from being an accidental landlord. It's OK. It's the real BTL's I'm after.

Broders, but that is the problem for you , people are doing well from BTL's and will continue to do so.

Cleaver

mewbie wrote: »

Does it involve lying at all?

I knew I'd get this. No lies involved. We hope to be mortgage free in a couple of years. It's not that mental a proposition is it?

Lifeisbutadream

I dont have a BTL myself but have plenty of friends who do. All are doing really well and a couple have just bought another house for cash.

My brother has a house he rents to holiday makers and he is booked up until Jan next year.

Through our business we do loads of work for student houses - all the landlords we deal with are doing really well - especially as they are extending York Uni over the next few years so I expect it to get better and better.

Saving up to get a BTL myself - hopefully this year or early next.

Cleaver

mewbie wrote: »

btw Cleaver I know your story, about how you are paying off a flat with immoral earnings from being an accidental landlord. It's OK. It's the real BTL's I'm after.

Thanks (never normally use smileys, but I'm taking them for a spin tonight).

I'd like to think I offer a fairly balanced view on the BTL subject. If you asked me, right now, "do you wish you'd sold your property in Jan 2007 instead of renting it out?", my answer would probably be yes. Which I think is fairly honest of me. Having said that, part of me is quite glad we did. I like taking the risk, I can easily afford it and, in the grand scheme of things, it doesn't really matter in our lives that much.

If I was a BTL landlord who had bought four BTL properties in Jan 2007 with a 10% deposit I would absolutely be completely and utterly bricking it right now. Sh*tting myself royally.

FungusFighter

Cleaver wrote: »

If I was a BTL landlord who had bought four BTL properties in Jan 2007 with a 10% deposit I would absolutely be completely and utterly bricking it right now. Sh*tting myself royally.

Which is why pickles has shares in Andrex :rotfl: :rotfl:

Kenny4315

FungusFighter wrote: »

Which is why pickles has shares in Andrex :rotfl: :rotfl:

I've got to say that was a pretty good one-liner. :rotfl: :rotfl:

Kenny4315

mewbie wrote: »

Links? Too lazy to Google?

Here's some terms that you might find useful when searching.

BTL Nightmare.
BTL dream turns sour.
BTL disaster
BTL rip off
BTL wrecked my marriage
BTL turned me gay

It's all out there Dan.

Try these Dan..
BTL has just paid for a whole load of expensive gadgets. :money:
BTL annoys the hell out of mewbie & Co because they missed the boat. :money:

BTL means I don't have to go to work ever again. :money:

It's all out there .....

FungusFighter

Kenny4315 wrote: »

Try these Dan..
BTL has just paid for a whole load of expensive gadgets. :money:
BTL annoys the hell out of mewbie & Co because they missed the boat. :money:

BTL means I don't have to go to work ever again. :money:

It's all out there .....

How about Mewbie and co try to help BTLers to come out of denial and face reality?
(:rotfl: )