The Final Countdown

beanielou

Hope that works out too

museumworker

Wow, great guns on the fleabay, I've listed one bulky item of furniture which is doing better than I thought but not as well as your sewing machines!

Sounds good to know you have two good sets of tenants with no fallow periods over the next two years either.

Glad you enjoyed Spain, sounds like you had a lovely break

mumof3.12kindebt

subscribes

looking forward to following your journey , good luck

AlexLK

If both are good tenants with reliable income your arrangement should be beneficial to all parties.

Good luck for the coming year!

Mummyel

Wow what a target! Inspirational. We have some inheritance coming which will whittle down the mortgage a little but we've a loooong way to go. We've vowed not to move until we pay off the mortgage, and we dream to have a house on land... we'll see!

Historybuff

Wow! I have about the same as you to pay off - going to follow and get inspired. The quicker it's paid off the better!

tootallulah

Singer featherweight sold for £187.90, I made it up to £200 and put it into the mortgage 'pot' that will be my last overpayment for February I didn't reach my target but not bad.

The 1st tenants 6 months payment goes in on Thursday and it will go straight off the mortgage. I have decided to lump off everything I can and get it gone, if I end up with an emergency the money 'could' be drawn back out but if I put every penny I can then it won't take more than this year, or it shouldn't. Thanks for the comments and subscribes I am VERY determined to be done. Also in March I am going to try and live on my EBay money so it will be a busy month.

runninglea

Sounds like a good plan with the two rental properties. Just make sure you or the letting agency do 6 monthly visits just to ensure the properties are being kept well.

What is your plan with the properties when your current tenants do decide to move out

tootallulah

runninglea wrote: »

Sounds like a good plan with the two rental properties. Just make sure you or the letting agency do 6 monthly visits just to ensure the properties are being kept well.

What is your plan with the properties when your current tenants do decide to move out

Not sure really I will probably just decorate, renew as necessary and let again. I can't get anywhere near the ROI on the money and the capital gains on one flat will be 40% (the other less so as I had it as my main home for over 30 years). I won't live in London again so I don't imagine living in either one of them.

I am seriously looking for a fixer upper house or some land I would like a smaller, well insulated, well designed house with a small garden.

I have been focussed on payments and multiple income streams for a long time so it will be nice not to have to do that, however I do need to build my savings which is my target for 2019, after that I can kick back and just enjoy life in whatever way takes my fancy.

tootallulah

AlexLK wrote: »

If both are good tenants with reliable income your arrangement should be beneficial to all parties.

Good luck for the coming year!

Thanks Alex I know you know about tenants so your comment is most welcome.