property buying tips

[jabbawokkie]

anyonee got any tips ,mate just bought one for 61 grand ,gonna get £95 a week rent .to me this is a **** deal as i guess the mortgage alone will gobble all that and then theres the maintenace and he cant even paint by numbers never mind proper diy .
i,m guess you want some thing for about 40 g that need as little as poss doing to it .rent it at 100 a week to make a bit off profit ,there are web sites you can sign up to that send you all the bargains some as low as 25 g

 

[Bollux]

my mates do it and barely cover the rent, it makes no ****ing sense to me!

they are bone idle and wont ****ing decorate a thing, they wont even paint - the house they live in now is a new-build and they have just left it as it is, lazy ****ers!

anyway, when something needs doing at their other house they have to pay someone at the agency (they already get a cut every month of the rent) to go and do it!

 

[jayjedi]

if you can cover the rent john then that is fantastic. property should not be seen as a short term investment but a long term one. rent it out for 20/25 years, let someone else pay it and there is your pension and you haven't had to do to much for it . get a couple of properties and when you retire sell one for a lum sum and keep the other for an income.

 

[plantman]

if you can cover the rent john then that is fantastic. property should not be seen as a short term investment but a long term one. rent it out for 20/25 years, let someone else pay it and there is your pension and you haven't had to do to much for it . get a couple of properties and when you retire sell one for a lum sum and keep the other for an income.

i was going to reply but this covers it exatly, but you can make money on rent if the house is well maintained and worth it, if you have the money its a buyers market now.

 

[jabbawokkie]

if you can cover the rent john then that is fantastic. property should not be seen as a short term investment but a long term one. rent it out for 20/25 years, let someone else pay it and there is your pension and you haven't had to do to much for it . get a couple of properties and when you retire sell one for a lum sum and keep the other for an income.

just what i have in mind 8)

 

[jabbawokkie]

if you can cover the rent john then that is fantastic. property should not be seen as a short term investment but a long term one. rent it out for 20/25 years, let someone else pay it and there is your pension and you haven't had to do to much for it . get a couple of properties and when you retire sell one for a lum sum and keep the other for an income.

i was going to reply but this covers it exatly, but you can make money on rent if the house is well maintained and worth it, if you have the money its a buyers market now.

i know ,dont like to kick people when they are down but there are a lot of reposseions at moment to be snapped up

 

[plantman]

Hey anything is better than those 'cashforhomes' people buying it and renting it to DSS people. Its not nice poaching bargains but its a dog eat dog world, if i could buy to let i would as it secures your early retirement and your kids future.