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Debate House Prices
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BTL's and renters
Comments
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My point was, BTL has risks associated with it, that aren't all low risk, in my opinion, as risk is subjective.
Much as I normally disagree with you, I find this point about the subjectivity of risk interesting.
Would you care to expand upon the risks to BTL, as you perceive them to be?“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
IveSeenTheLight wrote: »In the 5 years I've had investment properties, I've had 16 void days over the two properties.
This is equates to 0.43% of days available for rent.
The rents have always been paid on time and I've never had a problem tenant.
Of course, I'd never say never but the impact has been minimal.
Certainly the project is for low base rates for some time, but of course the investor has the opportunity to fix when they choose.
I've seen mortgage products fixed for 5 years at less than 5%, so can provide a decent level of security if one is cautious over the future rates.
I do not own a BTL yet. However over the last five years I have had 3 in number lodgers. Not one of them has been a problem in the slightest. And I would not have expected any problems after meeting with them and vetting them prior to offering them a room. And I believe it will be the same when I purchase a BTL. I think bad tenants are overhyped on the internet. It is easy to go on about bad experiences, those with no problems just say nothing.0 -
I do not own a BTL yet. However over the last five years I have had 3 in number lodgers. Not one of them has been a problem in the slightest. And I would not have expected any problems after meeting with them and vetting them prior to offering them a room. And I believe it will be the same when I purchase a BTL. I think bad tenants are overhyped on the internet. It is easy to go on about bad experiences, those with no problems just say nothing.
certainly the credit check goes a long way to identifying lower risk tenants as well:wall:
What we've got here is....... failure to communicate.
Some men you just can't reach.
:wall:0 -
“The great enemy of the truth is very often not the lie – deliberate, contrived, and dishonest – but the myth, persistent, persuasive, and unrealistic.
Belief in myths allows the comfort of opinion without the discomfort of thought.”
-- President John F. Kennedy”0 -
Noone ever factors in the opportunity cost of owning a house. Without HPI that cost is very real for anyone competant at investing.
I've considered this before and you certainly have to be confident in achieved sustained good returns, as paying off the mortgage of the home that you live in is a very tax-efficient way of accumulating capital.0
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