Buy to let fever?

poopscoop

mystic_trev wrote:

http://investing.reuters.co.uk/news/newsArticle.aspx?type=propertyNews&storyID=2006-04-24T115000Z_01_NOA442244_RTRUKOC_0_CITYWIRE-PROPERTY-BUYTOLET.xml

Nuff said

give yourself a pat on the back for finding an article on a Website :T

stratford_2

lynzpower wrote:

Only 28 more hours till go gang!!

So, anyone got any guesses as to the supposed hotspots then?

Actually, just found 5 of the top 10 in this preview article which others might find interesting. Also, for you sceptics about Phil's monetary saviness (How dare you ) you'll enjoy this bit:

"There is always the next area, but there is an element of risk. Predicting the ripple effect, judging where the next up-and-coming area will be can be hazardous. Get it wrong, and you could end up stranded, leaving you having to make up a shortfall between rental income and paying your mortgage while you wait for the market to catch up."

Perhaps they're being a bit more careful on this programme? Yeah right.

"Exploring various principals and pointers, we then present guidelines that you as an investor can put to use in different areas. When it comes to housing, you can really invest anywhere."

lynzpower

stratford wrote:

So, anyone got any guesses as to the supposed hotspots then?

Actually, just found 5 of the top 10 in this preview article which others might find interesting. Also, for you sceptics about Phil's monetary saviness (How dare you ) you'll enjoy this bit:

"There is always the next area, but there is an element of risk. Predicting the ripple effect, judging where the next up-and-coming area will be can be hazardous. Get it wrong, and you could end up stranded, leaving you having to make up a shortfall between rental income and paying your mortgage while you wait for the market to catch up."

Perhaps they're being a bit more careful on this programme? Yeah right.

"Exploring various principals and pointers, we then present guidelines that you as an investor can put to use in different areas. When it comes to housing, you can really invest anywhere."

Well course you can but whether its a good idea or not is a completely different issue..... never mind, its entertainment

Oh, glanced at the article- Manchester LOL not really, theres massive oversupply in manchester... werent we just talking about this a few days ago.

on the channel4.com forums theres some interesting points made about how K&Ps programmes pricing is , well , tripe. remember that semi in North manchester in the last series, someone on c4forums saying there hasnt been anything that cheap on that estate for about 4 years as she lives there, and her daughter was looking to live there too. So im guessing these hotspots may be somewhat cooler than they seem.

No way will I miss it cant wait to see her gaff

richgirl

I wonder if the program will carry a disclaimer that houses can go down in price as well as up ?

BobProperty

lynzpower wrote:

[/COLOR]....Oh, glanced at the article- Manchester LOL not really, theres massive oversupply in manchester... werent we just talking about this a few days ago....

Surely not
just look at this bargain http://www.apartmentsofmanchester.com/forsale.php
Scroll down a couple of properties and you'll find "Deansgate Quay Castlefield/Deansgate". A snip at £219,950.
Then switch tabs to the To Let tab, scroll down a couple of properties and you'll find "Deansgate Quay Castlefield" A bargain at £825 pcm.

So that's a gross return of 4.5% WOW - Tassotti will be selling up in London and moving north tomorrow :rotfl:

BobProperty

Just found out it said "but it is outside the city centre where the best property buys are to be found" - can't wait to see which area they pinpoint

gallygirl

mystic_trev wrote:

http://investing.reuters.co.uk/news/newsArticle.aspx?type=propertyNews&storyID=2006-04-24T115000Z_01_NOA442244_RTRUKOC_0_CITYWIRE-PROPERTY-BUYTOLET.xml

Nuff said

Couldn't be anything to do with the fact that property values have started to rise (albeit slowly) therefore yields will fall......

oops, playing devils advocate again....

[/QUOTE] from bobproperty ...... So that's a gross return of 4.5% WOW - Tassotti will be selling up in London and moving north tomorrow :rotfl:

bob you're so cynical - are you my OH in disguise

mystic_trev

ali007 wrote:

Couldn't be anything to do with the fact that property values have started to rise (albeit slowly) therefore yields will fall......

Of course that's true Ali and I have two BTL'S in my Investment portfolio which pay over 10% yield. Ones more than trebled in value the other more than doubled.

The problem with the current "Investors" in BTL is that many haven't got a clue what their doing. Many are MEWing their homes in what they think is a one way bet. These people will not only lose their "Investment" (if there's a downward turn to the Property market) They'll lose their homes as well.

All IMVHO

gallygirl

mystic_trev wrote:

Of course that's true Ali and I have two BTL'S in my Investment portfolio which pay over 10% yield. Ones more than trebled in value the other more than doubled.

The problem with the current "Investors" in BTL is that many haven't got a clue what their doing. Many are MEWing their homes in what they think is a one way bet. These people will not only lose their "Investment" (if there's a downward turn to the Property market) They'll lose their homes as well.

All IMVHO

I agree Trevor, there are people who always want to naively jump on board a bandwagon. I had a friend prepared to make 'easy money' on a BTL, although he could barely pay his own rent, let alone service voids. Fortunately he thought again. But there is so much negativity on this site I think it's important to keep a balanced view.

Anyway, having had a quick loom at the website mentioned I can't afford to buy anywhere apart from Easington, think I'll be giving their recs a miss!

poopscoop

ali007 wrote:

I agree Trevor, there are people who always want to naively jump on board a bandwagon. I had a friend prepared to make 'easy money' on a BTL, although he could barely pay his own rent, let alone service voids. Fortunately he thought again. But there is so much negativity on this site I think it's important to keep a balanced view.

Anyway, having had a quick loom at the website mentioned I can't afford to buy anywhere apart from Easington, think I'll be giving their recs a miss!

I agree. There are folks on here saying "I was there at the start" blah blah, when they were really there half way following someone else. But like ALL things, there are opportunities in every market.

I found a few properties recently and someone on here calculated that it was a 12.5+% return. Some folks on here just hated that as they all had it nailed into their heads that no such things exist nowadays.