Find BTL investors Bromley

disjobsearcher

We are trying to sell a property but a busy road nearby is putting off FTBs. We think a BTL investor would be best. We have had two btl offers on it but not the price we want (10k difference). It's a 2 bed freehold semi detached in a good area with high rents

Any idea how we market it to these investors?

DullGreyGuy

Same way as you advertise to FTBs, ultimately get it onto RightMove etc either via a traditional estate agent or a more modern option

FreeBear

DullGreyGuy said:

Same way as you advertise to FTBs, ultimately get it onto RightMove etc either via a traditional estate agent or a more modern option

But not with the Modern Method of Auction unless you want to severely limit your pool of purchasers and are prepared to have the property sitting on the market for a year or more.

sheramber

We have had two btl offers on it but not the price we want (10k difference)

Is it overpriced?

Herzlos

disjobsearcher said:

We are trying to sell a property but a busy road nearby is putting off FTBs. We think a BTL investor would be best. We have had two btl offers on it but not the price we want (10k difference). It's a 2 bed freehold semi detached in a good area with high rents

Any idea how we market it to these investors?

Your local EAs will have contacts for BTL investors, but it looks like you've found some and they want to offer £10k less. So I'm not sure finding more will help, and it'd likely be worth looking at taking one of the offers given £10k is presumably a fairly small percentage of the property value. 

Mr.Generous

Whats the gross yield at the price you want for the property at the market rent?

disjobsearcher

Market rent according to Rightmove is between 2k to 2.5k per month

So if done correct max 7.3%

ReadySteadyPop

disjobsearcher said:

Market rent according to Rightmove is between 2k to 2.5k per month

So if done correct max 7.3%

Why not rent it out yourself, 2.5k a month is good money?

mlz1413

ReadySteadyPop said:

disjobsearcher said:

Market rent according to Rightmove is between 2k to 2.5k per month

So if done correct max 7.3%

Why not rent it out yourself, 2.5k a month is good money?

I thought this too.
A B2L mortgage will free up 70 -80% of the property value and the income should pay that off.  But do remember the pitfalls if being a LL, many threads in here that give personal accounts.

A B2L investor is never going to pay the same as a FTB, so if 2 investors have offered the same value then that is highly likely to be the value every other investor will offer. 

ReadySteadyPop

mlz1413 said:

ReadySteadyPop said:

disjobsearcher said:

Market rent according to Rightmove is between 2k to 2.5k per month

So if done correct max 7.3%

Why not rent it out yourself, 2.5k a month is good money?

I thought this too.
A B2L mortgage will free up 70 -80% of the property value and the income should pay that off.  But do remember the pitfalls if being a LL, many threads in here that give personal accounts.

A B2L investor is never going to pay the same as a FTB, so if 2 investors have offered the same value then that is highly likely to be the value every other investor will offer. 

Very true, many FTB also make offers that their lender won`t back up so taking the 10k reduction might be the way to sell?

Hoenir

disjobsearcher said:

We are trying to sell a property but a busy road nearby is putting off FTBs. We think a BTL investor would be best. We have had two btl offers on it but not the price we want (10k difference). It's a 2 bed freehold semi detached in a good area with high rents

Any idea how we market it to these investors?

What you want and what'll you'll get are likely to be two very different things.  An investor isn't going to want to overpay.