I'm trying to get a B2L in Liverpool - competition is fierce!

Conrad

So much for austere times


So I thought I would take advantage of this recession and swan up to Kirkby Liverpool to be greeted by humbled grateful Estate Agents desperate to usher in a buyer at last, to be wined dined and pretty much sucked up to, possibly even extending to a blo in the conference room by one of those scouse cuties even if they are a bit orange and aintree - sluttish.

To my surprise investors are ten a penny and anything decent from what I know so far, gets snapped up instantly.

I thought no one had any money?

Looking up to £60,000, a reasonable location, good nick, rent circa £500+.

PasturesNew

On the telly ..... you often see Southerners buying them simply because "I couldn't do this in the South, I can buy 10 here for the same price" - and if you buy the small/cheap ones, the LHA gives a huge yield.

£60k is a price "anybody" can afford, so Homes Under the Hammer fans are flocking.

How far were you "swanning up"? That makes you sound like one of those.....

chewmylegoff

Translated: Conrad seeks 10%+ gross yield and finds it is not possible to achieve. Shocking!!

Conrad

chewmylegoff wrote: »

Translated: Conrad seeks 10%+ gross yield and finds it is not possible to achieve. Shocking!!

2 clients of mine already bought there and achieved over this, maybe I'm too late, we'll see.

chewmylegoff

Not sure why you'd want a BTL in Liverpool anyway, don't you live in the SE? How are you going to manage it without having to pay away some of the income to agents?

shortchanged_2

chewmylegoff wrote: »

Not sure why you'd want a BTL in Liverpool anyway, don't you live in the SE? How are you going to manage it without having to pay away some of the income to agents?

Because it's another Jackanory Story from Conrad, the champion of the fraudulent mortgage.

Jimmy_31

Conrad wrote: »

So much for austere times


So I thought I would take advantage of this recession and swan up to Kirkby Liverpool to be greeted by humbled grateful Estate Agents desperate to usher in a buyer at last, to be wined dined and pretty much sucked up to, possibly even extending to a blo in the conference room by one of those scouse cuties even if they are a bit orange and aintree - sluttish.

To my surprise investors are ten a penny and anything decent from what I know so far, gets snapped up instantly.

I thought no one had any money?

Looking up to £60,000, a reasonable location, good nick, rent circa £500+.

Investors in merseyside must just be concentrating on kirkby then:rotfl:

Plenty of so called investment opportunities in merseyside but from what im seeing nobody is touching them.

Watch out for the kirkby sock robbers when you next swan down.

ffacoffipawb

Conrad wrote: »

So much for austere times


So I thought I would take advantage of this recession and swan up to Kirkby Liverpool to be greeted by humbled grateful Estate Agents desperate to usher in a buyer at last, to be wined dined and pretty much sucked up to, possibly even extending to a blo in the conference room by one of those scouse cuties even if they are a bit orange and aintree - sluttish.

To my surprise investors are ten a penny and anything decent from what I know so far, gets snapped up instantly.

I thought no one had any money?

Looking up to £60,000, a reasonable location, good nick, rent circa £500+.

Kirkby is a chav infested dump (set up as a Scotland Road overspill), do not invest there, you will lose money.

'Kirkby' and 'decent' are mutually exclusive items.

Pobby

So Conrad . Not looked at Rightmove?

Conrad

Spoken to a few agents after consulting RM. It seems the market is brisk. As I mentioned, 2 clients already invested there very sucesfuly, and sure there are agents fees, but none the less thier net yields are very high, so if I can bag something like that it will be worthwhile.

Yes I'm in the SE, but distance is a small concern. I have many investors that invest far from home. Ideally I'd prefer something on my doorstep, but investing isn't always convienient and perfect.

No agent has called me back yet. I've been around the business a long time, and that is usualy a sign they are genuinely busy. In any event, in any town you will tend to get some negative agents who are all too happy to tell you how bad life is.

In my home town your'e lucky to get 5% yield. There is one location I've found in London where you can get about 10% by letting to ex convicts. Some clients have done this with no issues, no voids. But the right kind of property is a little rare.

shortchanged_2

Conrad wrote: »

No agent has called me back yet. I've been around the business a long time, and that is usualy a sign they are genuinely busy.

OR

they think you are full of sh*t

OR

they have gone out of business themselves.