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How long do you keep your BTL for
ginger_nuts
Posts: 1,972 Forumite
Just a thought for all you landlords When do you decide to sell your BTL .
Did you have a game plan before you started .
Did you plan to keep it for x years or was it just I have made £x or where you not making money.
Did you have a game plan before you started .
Did you plan to keep it for x years or was it just I have made £x or where you not making money.
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Comments
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Since it appears to only be me who noticed your question and replied to it previously, I'll repeat my answer here:
Buy if the rent is 15% gross or more, only coming down to 12% if the market is looking good and/or it can be improved easily and/or the rents are on the low side.
Sell if the rent is about base rate or slightly above and the market looks like it's at or near the top (oh - that's like now). Especially if there is still a significant mortgage on the place. If the mortgage is tiny or non-existent and property is your thing then you can hold.A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
15%!!!! Bring back those days.
My plan is to keep portfolio for 20 years (making me 50 when selling). Probably have a heart attack when it comes to paying capital gains, or just flee the country with the lot.0 -
corr tass are you really only 30?:beer: Well aint funny how its the little things in life that mean the most? Not where you live, the car you drive or the price tag on your clothes.
Theres no dollar sign on piece of mind
This Ive come to know...
So if you agree have a drink with me, raise your glasses for a toast :beer:0 -
Technically, you leave the country first and become non-resident, then there's no CGT. I thought you would have worked that one out already, Tass?Tassotti wrote:15%!!!! Bring back those days.
My plan is to keep portfolio for 20 years (making me 50 when selling). Probably have a heart attack when it comes to paying capital gains, or just flee the country with the lot.A house isn't a home without a cat.
Those are my principles. If you don't like them, I have others.
I have writer's block - I can't begin to tell you about it.
You told me again you preferred handsome men but for me you would make an exception.
It's a recession when your neighbour loses his job; it's a depression when you lose yours.0 -
That's why I am learning Bulgarian
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