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BTL for £50,000
Comments
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If the EAs thought they were a huge bargain just waiting to yield 15%, they'd buy them themselves.
You'd do better to take £25,000 of your spare cash and put it all on red.0 -
No house up for 50K will get you 500 a month, if it says it on the advert don't trust it, Iv seen many houses converted to 5 beds for "students" with "yields of 15%" A 3 bed now with 2 bedrooms where the living/dining room were, If it was true the people who just converted the house would not be selling at a huge jacked up price but keeping it.
190K "12.45% Potential Gross Yield" 100K profit for the developer if they they can shift it on to a fool.
https://www.rightmove.co.uk/property-for-sale/property-87978221.html0 -
UC only pays the landlord direct if the tenant has fallen into arrears.
If the claimant get prosecuted for benefit fraud, the DWP will recover the rent payments from the LL. Whilst it sometimes makes sense to have the rent paid direct from the DWP, it could end up being a costly decision.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.0
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