It’s over for buy-to-letters

grizzly1911

IveSeenTheLight wrote: »

What's it's 2 year performance?

All about timing the markets?

I guess they can be brought and sold at a key stroke.

IveSeenTheLight

grizzly1911 wrote: »

All about timing the markets?

I guess they can be brought and sold at a key stroke.

Indeed, property is predominantly viewed as a long term investment and not a susceptible as shares (in my experience)

Conrad

grizzly1911 wrote: »

10% + yield suggest you picked well and is in a lucrative spot good choice.

Mortgage costs or all costs?

Up front fees, stamp duty, insurance, maintenance, replacements, safety,compliance, agent and exit fees?

I was talking in terms of the profit after typical on-going costs of mortgage, service charges and expected on-going repairs and compliance. I self manage. The point for me is the effect of gearing whereby approx. £30k invested grants an after costs income of £500 pm, so I suppose you could say the yield is in fact close to 20%

Yes that was a steal but now in this part of London the same properties are changing hands for about 10% more already so the yield on my next will be less.
Exit fees are not on my radar as I never intend to sell. It's all about building the portfolio.