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buying ground rents???
silvercar
Posts: 50,021 Ambassador
Noticed a few property auctions recently where ground rents were for sale, offering yields of 8%+.
Anyone know anything about this?
Anyone know anything about this?
I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.
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yes. they have been for sale for a while and some canny buyers have built up nice portfolios but typically look for 10%.
it is attractive as the outlay is less than a property itself while the yields are good and steady.
however, i am not sure whether auctions would offer the best deals"enough is a feast"...old Buddist proverb0 -
Must be a bit of a pain to contact every owner in a development and chase them for the ground rent each year.0
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Curious_Moose wrote: »Must be a bit of a pain to contact every owner in a development and chase them for the ground rent each year.
True for flats, where you would also have the hassle of engaging a management company to service the flats etc.
For houses the involvement is much less AFAIK.I'm a Forum Ambassador on the housing, mortgages & student money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0
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