want to buy and then rent out

Stabilo

Hope this addresses the balance a little.

What IF property investors were actually right and serious money can be made?

Why do ALL the REALLY wealthy have so much property?

dannyboycey

Stabilo wrote: »

Hope this addresses the balance a little.

What IF property investors were actually right and serious money can be made?

Why do ALL the REALLY wealthy have so much property?

You put 'IF' in bold. Try putting 'WERE' in bold instead and you'd be correct. The maths don't add up any more in the UK. Even high interest savings accounts give a better return these days.

Stabilo

dannyboycey wrote: »

You put 'IF' in bold. Try putting 'WERE' in bold instead and you'd be correct. The maths don't add up any more in the UK. Even high interest savings accounts give a better return these days.

Which 'high' interest account paid 73% tax year EACH year for the last 35 years?

dannyboycey

Stabilo wrote: »

Which 'high' interest account paid 73% tax year EACH year for the last 35 years?

? You obviously didn't understand my post.

I give up.

Stabilo

dannyboycey wrote: »

? You obviously didn't understand my post.

I give up.

I didn't understand it because it's not English.

Please translate 'What WERE property investors were actually right and serious money can be made?'

Doozergirl

Stabilo, house price have not risen, as you appear to be suggesting, by 11% each year. I have no idea what the 'average' is but there have been some very hard times in that where people have lost their homes and been left with crippling levels of debt.

The OP is naive to the property market, and it is also not as simple as you seem to think. If property prices did drop by 30% you would not simply break even, you would find it very difficult to sell a house and I presume, be crippled with interest payments higher than the rent. There is more than one outcome to a scenario.

A house and a mortgage is a huge responsibilty. It will feel more of a responsibility at some times more than others. When prices have been climbing steadily for 10 years, people need to consider that perhaps they won't always. Capital gains should not be relied on.

I've been a member here, oh, for about as long as you and I derive enjoyment from trying to present a balanced view, not from self-serving; if the OP's experience of the property market stretches as far as what they hear in the pub, then we need to present other view points.

You present the viewpoint of someone who has something to sell. If you want to talk about motivated sellers, why not explain it to people properly rather than touting yourself for business? Quite apt really, your avatar.

Stabilo

Yes 11% per year, obviously not the same amount each year but the 35 year average is 11%. This covers th 10% falls and the 30% gains. Repeat this provides a gearing of between 73% to infinite ROI (no money down deals).

Very few investors have properties repossessed that is why I am saying the OP should become an investor and not Joe Public. Property worth 100K today and you think NOBODY will buy it tomorrow for 70K?

I agree OP needs to see the balanced arguement. That is what I am tryring to redress. Joe Public (majority) that only rememers Uncle Billy being evicted at the end of the 1980's insists property investment makes no sense. The minority, the investors, know different.

Motivated sellers are discussed on my (free) forum.