We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Buying a 2nd house to rent out
Comments
-
do it the other way, go into an estate agents and say you have a buyer for your house, need to move quickly and wanted to look at rented properties. If they say come back when you are 2 weeks away from completion, as rentals get snapped up quickly, you know you are onto a good thing.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
-
noyk wrote:If your getting the idea by now that it's not a particularily good investment anymore. You would be correct.
Not really what people are saying.
The OP should look at their own figures for the area they're going to buy in, rather than being put off by sweeping generalisations.
If the only way it makes money is crossing all your fingers and toes for good luck, and hoping that the value of the house you buy goes up, then maybe it's not the best thing to do with your money.Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery0 -
Thanks for the advice all i had a look at two houses today one was too far away to get much money and it didnt have any close transportation.
the 2nd needed completly gutting and it had damp too every wall had been covered in plaster and it was like a kid did it
o well the hunt continues0 -
The OP should look at their own figures for the area they're going to buy in, rather than being put off by sweeping generalisations.
It was rather sweeping wasn't it, PD is correct - there may still be some good investment potential left if you look carefully ( Timbuktu perhaps
) 0 -
I keep saying Montenegro but nobody listens
Oh well
:rotfl: :rotfl: :rotfl:Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.1K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.8K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards