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50k buy to let

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  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    Check out the OP's posting history. :rotfl:
  • dunroving
    dunroving Posts: 1,903 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Photogenic
    I think you should go for it. You clearly have all the qualities of a successful landlord. You will undoubtedly be quids in within 5 to 10 years. Good luck.
    (Nearly) dunroving
  • diggingdude
    diggingdude Posts: 2,492 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    Have you considered investing in buses? Always lots of people waiting for one I have seen, you would make a fortune !!!55357;!!!56397;
    An answer isn't spam just because you don't like it......
  • ViolaLass
    ViolaLass Posts: 5,764 Forumite
    JohnLock wrote: »
    look love, i don't want sticky fingered kids dropping sweets on the carpets and writing on my walls. that will cost me. i'm sure most single mums are salt of the earth types, but i'd prefer a disabled person who'd only use the ground floor, keeping the upstairs nice and tidy - less hassle and worry for me.

    Sweets can get dropped even if your parents are married/still together. Disabled people can drop things too.
  • LilElvis
    LilElvis Posts: 5,835 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Just to point out that you will need to declare your profits on your rental as part of your self assessment. Thought this was necessary to make clear as your thread from a couple of months ago shows that you have little understanding of your obligations as a self employed person.
  • LilElvis
    LilElvis Posts: 5,835 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    This thread (from 2 months ago) demonstrates that the OP hasn't got the first clue about property ownership, let alone the complexities of becoming a landlord.


    https://forums.moneysavingexpert.com/discussion/5804353/how-does-this-work
  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    Good lord ! Clueless doesnt even start to cover it.
  • ScorpiondeRooftrouser
    ScorpiondeRooftrouser Posts: 2,851 Forumite
    Tenth Anniversary 1,000 Posts Name Dropper Combo Breaker
    Just a fantasist. Ignore.
  • davemorton
    davemorton Posts: 29,084 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Car Insurance Carver!
    diggingdude wrote: »
    Have you considered investing in buses? Always lots of people waiting for one I have seen, you would make a fortune !!!55357;!!!56397;

    :eek: Are you mad! Everyone that uses public transport smells of wee!!! (Or custard creams).
    “Quis custodiet ipsos custodes?”
    Juvenal, The Sixteen Satires
  • Crashy_Time
    Crashy_Time Posts: 13,386 Forumite
    10,000 Posts Seventh Anniversary Name Dropper
    LilElvis wrote: »
    This thread (from 2 months ago) demonstrates that the OP hasn't got the first clue about property ownership, let alone the complexities of becoming a landlord.


    https://forums.moneysavingexpert.com/discussion/5804353/how-does-this-work


    What % of BTL people do though?
This discussion has been closed.
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