Is it wise to leverage and buy resi investment houses now?

Cakeguts

Do you know how much you have to spend to buy a house in the north west that will attract a decent tenant?



We are not talking here about 2 bed terraced houses. There are already many of those on the lettings market so many that they are difficult to let. So forget 2 bed houses. In Manchester think flats.



https://www.rightmove.co.uk/property-for-sale/property-77515835.html Here is a tiny one bed flat.


Here you are a house in a popular area. https://www.rightmove.co.uk/property-for-sale/property-68960182.html


People see these 2 bed terraced houses fetching £60k but good tenants don't rent £60k houses. They want one like the £450k one above. Manchester is now very expensive.

bris

You want to but rental properties when all the rest of us are giving serious thoughts about selling them? You're mad.


The new tax laws which hit fully in 2 years will cripple you. I got my properties when the rate was .25-.50% above base so it's not a disaster for me but anyone buying now is mad.


If you must do it then use Ltd companies for them all.