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buying to let?

davios
davios Posts: 1 Newbie
in House buying, renting & selling
hi all,
i am a student who is interested in starting to buy and let, and was wondering if there is any tips on going through with the investment.
thanks

Comments

  • david29dpo
    david29dpo Posts: 3,986 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    my tips are.... it may not be an "investment" not in the short term anyway. the idea is the rent will cover ALL costs plus a pit more, i.e. voids,maintenance etc, and hope the value goes up. if so, why not? the biggest problem as i see it is finding a property that will fit the above.
  • Generali
    Generali Posts: 36,411 Forumite
    10,000 Posts Combo Breaker
    My advice would be to concentrate on your studies for now - house prices are very high at the moment and there are a lot of risks in the global economy too - potentially a bad combination.

    A good education is a far better investment than a house. Look at the salaries people earn in the City - the vast majority are graduates with good degrees.
  • thesaint
    thesaint Posts: 4,324 Forumite
    Part of the Furniture Combo Breaker
    davios wrote: »
    hi all,
    i am a student who is interested in starting to buy and let, and was wondering if there is any tips on going through with the investment.
    thanks


    First thing first, how much money do you have to invest?
    Well life is harsh, hug me don't reject me.
  • PoorDave
    PoorDave Posts: 952 Forumite
    500 Posts
    Second question: what do you want from the investment? What kind of timescales do you plan to own anything you buy?

    (Actually 2nd & 3rd question, I suppose)
    Annual income twenty pounds, annual expenditure nineteen nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery
  • mystic_trev
    mystic_trev Posts: 5,434 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    davios wrote: »
    i am a student

    First post, at 3.22 am, by a student!

    Run along sonny you've had too much to drink &/or smoke!
  • BTman
    BTman Posts: 354 Forumite
    Uniform Washer
    Awooga......
This discussion has been closed.
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