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Deal for Someone....IF you have £105,000
Mustbeananswer??
Posts: 548 Forumite
Hope i'm not breaking any Forum rules??
Two houses in one in South Yorkshire....valued at £110,000.
Happy to do a deal.....£105,000 or less.I'll rent back from you for say £400.00 amonth for as long as you propose.A far better return than any current interest rate will give you.....and you become a substantial property owner.
I'm a bit short of cash flow and can clear debts and create a good bit with that sort of deal!!
Do those figures stack up!!!:beer::beer::eek::eek:
Two houses in one in South Yorkshire....valued at £110,000.
Happy to do a deal.....£105,000 or less.I'll rent back from you for say £400.00 amonth for as long as you propose.A far better return than any current interest rate will give you.....and you become a substantial property owner.
I'm a bit short of cash flow and can clear debts and create a good bit with that sort of deal!!
Do those figures stack up!!!:beer::beer::eek::eek:
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Comments
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Nope they don't
Secondly anybody who you sell to and Rent back from is breaking the law if they are not registered with FSA.0 -
Why don't they stack up please!!0
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Hmmm... No Deal!0
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Maintenance, Tenant hassle - already we know the tenant has debts and cash flow problems.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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Why don't you just sell them and rent somewhere else?Been away for a while.0
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I can buy a 2 bedroom flat in a town I know thats significantly easier to get to if any problems occur that will rent for more than that (100 pcm more), AND it would cost me the same or even a bit less.
£400 a month will only just cover a BTL mortgage at 100%, never mind 125%0 -
You can get houses around here for £60k which will will rent easily for £450 to someone on housing benefit.0
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Put the damned thing up for sale!0
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Whooooaaa ....Steady Tigers!!!
That was the deal a Mate proposed to me over the weekend.He has some money laying around from a good property deal he had just done.The trouble is he's done a bunk for a couple of days....It sounded too good to be true!!!
Now I know how good it is i'll chase him....or ....maybe he was just trying to impress me>???Watch this space!!0 -
Mustbeananswer?? wrote: »Whooooaaa ....Steady Tigers!!!
That was the deal a Mate proposed to me over the weekend.He has some money laying around from a good property deal he had just done.The trouble is he's done a bunk for a couple of days....It sounded too good to be true!!!
Now I know how good it is i'll chase him....or ....maybe he was just trying to impress me>???Watch this space!!
Aren't you back at school yet?0
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