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Investment property - do I start up a company???

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Comments

  • tim123456789
    tim123456789 Posts: 1,795 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    steve-o wrote: »
    I thought that would be self explanitory? Do you think buying a second house "isn't" an investment? Please elaborate.

    Thanks.

    Oh it's definately an investment

    I think the possible point of contention is, is it a good investment?
  • david29dpo
    david29dpo Posts: 3,986 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Tenants who trash the place, voids, house price crash etc etc.......need i go on?
  • floopnoodle
    floopnoodle Posts: 262 Forumite
    david29dpo wrote: »
    Tenants who trash the place, voids, house price crash etc etc.......need i go on?

    Please don't, you're boring.
  • david29dpo
    david29dpo Posts: 3,986 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    Maybe to idiots who dont like the hear the truth.
  • steve-o_3
    steve-o_3 Posts: 122 Forumite
    david29dpo wrote: »
    Maybe to idiots who dont like the hear the truth.

    Hahaha! Is that it? There's only one idiot making comments here and it's you!

    Flipping heck talk about dramatic! I have family and friends who have been doing this for years and two friends who own their own letting agencies, this area of housing is booming, not declining you fool!!!

    Yes the issues you mention exist but it's the exception rather than the norm and the gains far outweigh the occasional slap of paint and new carpets!

    That's why you ensure legal documents are carefully made, management companies chosen wisely and tenants vetted properly.

    As for the property crash, you seriously have to be having a laugh. You don't even know where this house is, why I chose it or what value i've purchased at, never mind somehow having a crystal ball about house prices.

    What a joke. Now jog on!!!
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