RE: Buy 4 houses in liverpool to rent

leoni0211

Hi I want to invest in buying 4 houses in liverpool for 100k each and rent them out. I have heard there will be a property crash soon so will wait for that. I need help with securing a buy to let mortgage for all properties and then someone to find the houses in a good area and  rent them out and property manage them for me as I am in London. Are there any companies out there who so all this? I attended a webinair yeasterday from Aran curry but they want £2500 up front so I am not sure about using them. Can anyone out there help? 

greatcrested

In other words, you wantto do nothing yourself?

You want someone to arrange finance (but in your name); to pay for/arrange renovations prior to letting; to set up tenancies; tomanage them; all in your name?

You want the rent to come pouring into your bank account(and probably someone topay the tax to HMRC for you)?

Why do you think Aran is running webinairs, and asking for £2500, rather than investing in property himself?

Get real!

(having said that, I will assist you getting started on a step-by-step basis, for far less than Aran. For £1000 I will research the Liverpool market and advise you what and when to buy.

No further commitment by you ut as the next step we can discuss the fee for help with finance etc....)

Angela_D_3

leoni0211 said:

Hi I want to invest in buying 4 houses in liverpool for 100k each and rent them out. I have heard there will be a property crash soon so will wait for that. I need help with securing a buy to let mortgage for all properties and then someone to find the houses in a good area and  rent them out and property manage them for me as I am in London. Are there any companies out there who so all this? I attended a webinair yeasterday from Aran curry but they want £2500 up front so I am not sure about using them. Can anyone out there help? 

This will not end well.  A fool and his money and all that 

oldbikebloke

you have everything to learn and no apparent desire to do so 
why not buy 40 instead, "it" after all is guaranteed in your rose tinted specs - how much do you think will be left after all your "professionals" have taken their slice of your cake?

greatcrested

oldbikebloke said:

- how much do you think will be left after all your "professionals" have taken their slice of your cake?

I resent being put in inverted commas. Leoni and I are about to commence a professional association.

Not a "professional" association.

Rosemary7391

I think what you really want to do is investment, rather than being a landlord? Try this:

https://www.moneysavingexpert.com/savings/investment-beginners/

There's a forum for it further down the board too

Slithery

How about you give me the £100k initial investment you'll need instead, and I promise you'll get all of it back when you decide to cash out (minus my fee of course). It's a much better deal than your current plan...

steampowered

If you do not want to be involved with managing your investment, BTL is an awful idea.

Invest your money into a global stock market tracker fund. That way you don't need to do anything at all - you can just let your money grow. Plus you don't have to spend £2500 on webinars. Plus you don't have to pay letting agents to manage the properties. Plus you won't have to pay higher rate stamp duty. 

Particularly if you are buying £100k cheap houses in Liverpool. At the bottom end of the market, the risk of damage to the property is going to higher, the risk of tenants defaulting on the rent is going to be higher, and maintenance costs are going to be higher relative to the rent you receive.

davidmcn

steampowered said:

Particularly if you are buying £100k cheap houses in Liverpool. At the bottom end of the market, the risk of damage to the property is going to higher, the risk of tenants defaulting on the rent is going to be higher, and maintenance costs are going to be higher relative to the rent you receive.

To be fair, I think £100k per property is reasonably far from the bottom of the Liverpool market.

(I initially read it as spending £100k on four properties, which is in fact possible...)

bouicca21

Back in March, OP had no income.  https://forums.moneysavingexpert.com/discussion/6117805/am-i-eligible-for-80-payment-of-salary/p1

Now there’s Enough income to borrow £400k to play with?  I smell troll.

Angela_D_3

davidmcn said:

steampowered said:

Particularly if you are buying £100k cheap houses in Liverpool. At the bottom end of the market, the risk of damage to the property is going to higher, the risk of tenants defaulting on the rent is going to be higher, and maintenance costs are going to be higher relative to the rent you receive.

To be fair, I think £100k per property is reasonably far from the bottom of the Liverpool market.

(I initially read it as spending £100k on four properties, which is in fact possible...)

That’s not really the case these days.  You can buy slums for buttons but they’ll have to have the electrics gas roof etc done up.  And then the benefits cap of £1600 per month in total no matter how many kids is making that life style less attractive to land lords and tenants alike.