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How many apartments needed to be a full time landlord
toomsie
Posts: 180 Forumite
I was having a chat a guy in a Charity Shop in Wimbledon. After taking about Brexit, he got onto the subject of a filthy rich Landlord with 80 properties. He said they should be limited to two.
In order to have a middle-class Brady bunch lifestyle here in London, and you have not yet bought any houses Yet, You need bear houses.
While writing this I got a good idea.
In order to have a middle-class Brady bunch lifestyle here in London, and you have not yet bought any houses Yet, You need bear houses.
While writing this I got a good idea.
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Comments
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I worked it out roughly. The yield of N6 London is around 2%. A typical aparment costs £600,000. 2% of 600,000 is £12,000. 12,000 x 85 gets you just over 1million pounds.0
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I was having a chat a guy in a Charity Shop in Wimbledon. After taking about Brexit, he got onto the subject of a filthy rich Landlord with 80 properties. He said they should be limited to two.
In order to have a middle-class Brady bunch lifestyle here in London, and you have not yet bought any houses Yet, You need bear houses.
While writing this I got a good idea.
https://www.amazon.co.uk/Simba-Dickie-109301032-Masha-Large-House/dp/B078BDNYGN/ref=asc_df_B078BDNYGN/?!!!!!googshopuk-21&linkCode=df0&hvadid=310669125834&hvpos=1o1&hvnetw=g&hvrand=10139614836510604355&hvpone=&hvptwo=&hvqmt=&hvdev=c&hvdvcmdl=&hvlocint=&hvlocphy=9046904&hvtargid=pla-542738189475&psc=1&th=1&psc=1The world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon0 -
I worked it out roughly. The yield of N6 London is around 2%. A typical aparment costs £600,000. 2% of 600,000 is £12,000. 12,000 x 85 gets you just over 1million pounds.
So you only need around 51 million to set up? LOLThe world is not ruined by the wickedness of the wicked, but by the weakness of the good. Napoleon0 -
"Bear houses?"I was having a chat a guy in a Charity Shop in Wimbledon. After taking about Brexit, he got onto the subject of a filthy rich Landlord with 80 properties. He said they should be limited to two.
In order to have a middle-class Brady bunch lifestyle here in London, and you have not yet bought any houses Yet, You need bear houses.
While writing this I got a good idea.
I thought they mostly lived in caves?
Although Rupert lives in a house and Pooh lives in a hollow tree trunk.
Now, Womble houses. That's a different ball game!I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
I think he needs a good broker to do this"It is prudent when shopping for something important, not to limit yourself to Pound land/Estate Agents"
G_M/ Bowlhead99 RIP0 -
Didn't the bear live in a big blue house....?in S 38 T 2 F 50
out S 36 T 9 F 24 FF 4
2017-32 2018 -33 2019 -21 2020 -5 2021 -4 20220 -
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