Which property gives you the best yield?

mrginge

loll_l wrote: »

What kind of alternative are you talking about? I have a someone managing my other buy to let for me and I find property to be a hassle free investment (providing nothing goes wrong!)…. I already run a business so do not have time to invest in anything “hands on” unfortunately.

So your investment is only hassle free because you're paying someone to deal with the hassle.

Perhaps your existing property might actually make a decent return if you didn't hand over all your profit to 'someone'?

Cakeguts

You are going about this in completely the wrong way which surprises me because you say that you run a business. You have to start with market research in an area that you know. There is no point in spending x amount of money if you don't know what sort of tenant you are going to be letting to. An example of this would be buying a cheap terraced house in an area full of rented cheap terraced houses where there are a lot of families looking for family houses.

You also have to understand that a house with a lower rental yield and no voids for over 10 years is better than an initial higher rental yield and lots and lots of voids. Every time there is a void you lose money. What you are looking for is a house or flat where people want to stay for a long time.