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How many apartments needed to be a full time landlord

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Comments

  • AnotherJoe
    AnotherJoe Posts: 19,622 Forumite
    10,000 Posts Fifth Anniversary Name Dropper Photogenic
    toomsie wrote: »
    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.


    Stop at that point. Why then would you bother.
  • Cakeguts
    Cakeguts Posts: 7,627 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Since when did charity shops become meeting places for £million financial discussions?
  • Owain_Moneysaver
    Owain_Moneysaver Posts: 11,393 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    Cornucopia wrote: »
    - Bears make bad tenants IMHO, except in a Bear market.

    Cleaner than students. At least bears !!!!!! in the woods.
    A kind word lasts a minute, a skelped erse is sair for a day.
  • motherofstudents
    motherofstudents Posts: 1,358 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    You'd have to factor in expenses. Outgoings on porridge could be quite high.
  • kingstreet
    kingstreet Posts: 39,343 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    motherofstudents wrote: »
    You'd have to factor in expenses. Outgoings on porridge could be quite high.
    No probs with security though.

    You'd have Goldi...





























    ... locks!
    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.
  • toomsie
    toomsie Posts: 180 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    davidmcn wrote: »
    Sorry, your cultural references from the colonies are lost on us (the Brady Bunch was never broadcast here).

    It was popular in the UK, in the 1970s/80s. I remember a lot of the great American movies. Little House On the Prairie, Battle Star Galactica, CHIPs, Different strokes. The list goes on.
  • davidmcn
    davidmcn Posts: 23,596 Forumite
    Part of the Furniture 10,000 Posts Name Dropper
    toomsie wrote: »
    Little House On the Prairie, Battle Star Galactica, CHIPs, Different strokes. The list goes on.
    Yes, those were all shown nationwide. Others not so. Which ITV region were you in when you saw the Brady Bunch?
  • FreeBear
    FreeBear Posts: 18,306 Forumite
    Tenth Anniversary 10,000 Posts Name Dropper Photogenic
    Owain_Moneysaver wrote: »
    At least bears !!!!!! in the woods.


    Not all of us do....


    tumblr_nmxijiM3dr1qd5mq1o1_500.jpg
    Any language construct that forces such insanity in this case should be abandoned without regrets. –
    Erik Aronesty, 2014

    Treasure the moments that you have. Savour them for as long as you can for they will never come back again.
  • toomsie
    toomsie Posts: 180 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    AnotherJoe wrote: »
    Stop at that point. Why then would you bother.

    The charity shop worker did annoy me with his kind of thinking. 50 properties will not make you a billionaire. Two properties aren't enough to quit your day job. He said the government should restrict landlords to only 2 properties.

    Anyway, this is a great learning experience. There will be a bear market at some point. I will be able to get started buying property.
  • toomsie
    toomsie Posts: 180 Forumite
    Part of the Furniture 100 Posts Combo Breaker
    davidmcn wrote: »
    Yes, those were all shown nationwide. Others not so. Which ITV region were you in when you saw the Brady Bunch?

    Vauxhall, London. I lived in some old apartments that have been since demolished.
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