Buying a flat...
Discussion
I am looking to purchase a flat with a friend very soon.
We are looking for a 2 bed new-ish flat in Essex near a station with easy access to london. (This will be rented out)
Now - we want to earn out of buying the property, for example, just putting in plenty of silly offers on a number of flats (hopeing someone will accept). Then keeping as a long term investment maybe taking some money out as we pay of the mortgage. (to possibly fund another purchase)
What I want advice on is people's experiance with placing 'silly offers' and what you think a 'silly offer' is these days. Our budget it £170k - £200K (all sounds a bit silly to me!)
Anywhoo, say a flat was on the market for £200k (and it was worth that) what should I offer? £180k? I havent never done anything like this but I rekon its the numbers game and maybe someone is willing to take a low amount for a quick sale?
What are your views?
Sam
We are looking for a 2 bed new-ish flat in Essex near a station with easy access to london. (This will be rented out)
Now - we want to earn out of buying the property, for example, just putting in plenty of silly offers on a number of flats (hopeing someone will accept). Then keeping as a long term investment maybe taking some money out as we pay of the mortgage. (to possibly fund another purchase)
What I want advice on is people's experiance with placing 'silly offers' and what you think a 'silly offer' is these days. Our budget it £170k - £200K (all sounds a bit silly to me!)
Anywhoo, say a flat was on the market for £200k (and it was worth that) what should I offer? £180k? I havent never done anything like this but I rekon its the numbers game and maybe someone is willing to take a low amount for a quick sale?
What are your views?
Sam
Gassing Station | Business | Top of Page | What's New | My Stuff