My buy to let business the beginning

[Portia5]

BoRED S2upid said:

https://www.rightmove.co.uk/properties/134856062?u...


11% yeild! Absolute hovel but that’s not your problem until they move out which would cost them a small fortune to move all that stuff!!!

Edited by BoRED S2upid on Tuesday 9th January 19:35

Ha so!!

I see your 11% and I raise you 25%

https://www.rightmove.co.uk/properties/143449007#/...

[Caddyshack]

BoRED S2upid said:

https://www.rightmove.co.uk/properties/134856062?u...


11% yeild! Absolute hovel but that’s not your problem until they move out which would cost them a small fortune to move all that stuff!!!

Edited by BoRED S2upid on Tuesday 9th January 19:35

I bet the tenants are great to deal with and no problem at all.

[BoRED S2upid]

Portia5 said:

BoRED S2upid said:

https://www.rightmove.co.uk/properties/134856062?u...


11% yeild! Absolute hovel but that’s not your problem until they move out which would cost them a small fortune to move all that stuff!!!

Edited by BoRED S2upid on Tuesday 9th January 19:35

Ha so!!

I see your 11% and I raise you 25%

https://www.rightmove.co.uk/properties/143449007#/...

Glasgow crack den always wins yeild top trumps.

[Portia5]

BoRED S2upid said:

Glasgow crack den always wins yeild top trumps.

Well acksherly….
It’s not a bad place to live at all. And far from being a crackhead, the tenants a young Romanian bricklayer who’s been there for a couple of years and likes it and is well liked by his neighbours.

ETA: forget about 23k. The owners not minded to take a penny less than 48k (yet).

ETA 2 : the rent isn’t 550 it’s 500, and the flat doesn’t have GCH, but what’s a bit of misdescription between property vultures.

Edited by Portia5 on Tuesday 9th January 21:47

[GT03ROB]

Portia5 said:

BoRED S2upid said:

Glasgow crack den always wins yeild top trumps.

Well acksherly….
It’s not a bad place to live at all. And far from being a crackhead, the tenants a young Romanian bricklayer who’s been there for a couple of years and likes it and is well liked by his neighbours.

ETA: forget about 23k. The owners not minded to take a penny less than 48k (yet).

ETA 2 : the rent isn’t 550 it’s 500, and the flat doesn’t have GCH, but what’s a bit of misdescription between property vultures.

Edited by Portia5 on Tuesday 9th January 21:47

Not Groak are you?

[Shnozz]

Of course it’s Groak!

[jasonrobertson86]

BoRED S2upid said:

https://www.rightmove.co.uk/properties/134856062?u...


11% yeild! Absolute hovel but that’s not your problem until they move out which would cost them a small fortune to move all that stuff!!!

Edited by BoRED S2upid on Tuesday 9th January 19:35

That makes me sick. Why would you even take a photo with it looking like that. What is wrong with these people. Put stuff in the bin. Jesus christ.

[jasonrobertson86]

Portia5 said:

BoRED S2upid said:

Glasgow crack den always wins yeild top trumps.

Well acksherly….
It’s not a bad place to live at all. And far from being a crackhead, the tenants a young Romanian bricklayer who’s been there for a couple of years and likes it and is well liked by his neighbours.

ETA: forget about 23k. The owners not minded to take a penny less than 48k (yet).

ETA 2 : the rent isn’t 550 it’s 500, and the flat doesn’t have GCH, but what’s a bit of misdescription between property vultures.

Edited by Portia5 on Tuesday 9th January 21:47

Still seems a bargain at 48k?

[CivicDuties]

Portia5 said:

BoRED S2upid said:

Glasgow crack den always wins yeild top trumps.

Well acksherly….
It’s not a bad place to live at all. And far from being a crackhead, the tenants a young Romanian bricklayer who’s been there for a couple of years and likes it and is well liked by his neighbours.

ETA: forget about 23k. The owners not minded to take a penny less than 48k (yet).

ETA 2 : the rent isn’t 550 it’s 500, and the flat doesn’t have GCH, but what’s a bit of misdescription between property vultures.

Edited by Portia5 on Tuesday 9th January 21:47

A mate of mine who lives in London bought something similar in Glasgow about 20 years ago. He's had the same tenant in it ever since, a single bloke. Not had a single problem from him, and only had the occasional expenditure on minor repairs. Absolute cash cow.

[Portia5]

jasonrobertson86 said:

Still seems a bargain at 48k?

Sort of Jason. Auction house fee: 3%+ vat
ADS 6%
Legal fee: £1k

So 48 suddenly becomes 55. Then a bit to spend to make good standard.

So yeah, it’s ok, but not special. I’d go 42 but owner wants more.

Plenty more fish in sea!!

Edited by Portia5 on Wednesday 10th January 09:55

[CivicDuties]

Any of the current landlords on here think that 9% yield is realistic from this?

https://www.rightmove.co.uk/properties/142776755

[Caddyshack]

Portia5 said:

BoRED S2upid said:

https://www.rightmove.co.uk/properties/134856062?u...


11% yeild! Absolute hovel but that’s not your problem until they move out which would cost them a small fortune to move all that stuff!!!

Edited by BoRED S2upid on Tuesday 9th January 19:35

Ha so!!

I see your 11% and I raise you 25%

https://www.rightmove.co.uk/properties/143449007#/...

Looks like it may be pre-formed concrete? Not sure about that area but down south they can be near impossible to mortgage due to defective structures but I guess at those prices a cash purchase is doable.

[ooid]

CivicDuties said:

Any of the current landlords on here think that 9% yield is realistic from this?

https://www.rightmove.co.uk/properties/142776755

EPC is lower than C, so it might need serious upgrading and no idea about HMO licensing situation in the area. You would need to get a good survey and proper DD really. The area is always full of students though, but you need to check if there is new stock (Student accomodation)

[Puzzles]

CivicDuties said:

Any of the current landlords on here think that 9% yield is realistic from this?

https://www.rightmove.co.uk/properties/142776755

Does the rent include all bills?

[LooneyTunes]

ooid said:

EPC is lower than C, so it might need serious upgrading

EPC C as a minimum for residential lettings was never a thing in England. It was speculated/trailed as a possible change but shelved ages ago.

Rules could be different for HMO, but I don’t see any threat of min C being imposed on general residential lettings any time soon.

[GT03ROB]

CivicDuties said:

Any of the current landlords on here think that 9% yield is realistic from this?

https://www.rightmove.co.uk/properties/142776755

That'll be pitched at students from Reading Uni. 800 quid a month each for 9%

Though looks a bit swanky compared to the average student rental when I was a Reading Uni

[CivicDuties]

GT03ROB said:

CivicDuties said:

Any of the current landlords on here think that 9% yield is realistic from this?

https://www.rightmove.co.uk/properties/142776755

That'll be pitched at students from Reading Uni. 800 quid a month each for 9%

Though looks a bit swanky compared to the average student rental when I was a Reading Uni

Ahh, of course, a student let, why didn't I twig that...not hugely keen on managing those, so I'll fageddabahdit.

[BoRED S2upid]

Puzzles said:

CivicDuties said:

Any of the current landlords on here think that 9% yield is realistic from this?

https://www.rightmove.co.uk/properties/142776755

Does the rent include all bills?

I doubt it very much at £200 per week per room.


Looks a very nice property for a HMO certainly not a student let or posh students.

[GT03ROB]

BoRED S2upid said:

Puzzles said:

CivicDuties said:

Any of the current landlords on here think that 9% yield is realistic from this?

https://www.rightmove.co.uk/properties/142776755

Does the rent include all bills?

I doubt it very much at £200 per week per room.


Looks a very nice property for a HMO certainly not a student let or posh students.

There were some rather posh students when I was there! The estate management & agriculture lot contained some very rich but dim types!

[CivicDuties]

GT03ROB said:

BoRED S2upid said:

Puzzles said:

CivicDuties said:

Any of the current landlords on here think that 9% yield is realistic from this?

https://www.rightmove.co.uk/properties/142776755

Does the rent include all bills?

I doubt it very much at £200 per week per room.


Looks a very nice property for a HMO certainly not a student let or posh students.

There were some rather posh students when I was there! The estate management & agriculture lot contained some very rich but dim types!

Private student lettings have got much bigger competition these days, thanks to all the brand new high-rise accommodation palaces which have been built recently at many Universities. There are quite a few around Reading. My son is in one in Leicester. So private stuff has to be much higher spec nowadays as students have much more choice, and often much more indulging parents...

Long time since the damp and mushroom infested slums I used to live in as a student.