Buy to Let, still worth doing ?

[davepoth]

Laughingman21 said:

groak said:

http://www.rightmove.co.uk/property-for-sale/prope...
£250pcm all day long.

http://www.rightmove.co.uk/property-for-sale/prope...
£350/400pcm all day long

http://www.rightmove.co.uk/property-for-sale/prope...
£300/325 all day long.

How many would you like?

3 for 50k. Grand a month. 700 nett

Edited by groak on Monday 12th November 23:31

But that doesn't include any idea of costs of getting them ready for rent.

No, it doesn't. However at that end of the market there is very little difference in price between something that needs gutting and something that's ready to rent with a cheap white bathroom suite, magnolia walls and beige carpet already fitted. Pick the right one and you're ready to go.

http://www.rightmove.co.uk/property-for-sale/prope...

As an example. £14,000 and looks pretty much ready to go.

Edited by davepoth on Thursday 15th November 23:11

[jonny70]

davepoth said:

No, it doesn't. However at that end of the market there is very little difference in price between something that needs gutting and something that's ready to rent with a cheap white bathroom suite, magnolia walls and beige carpet already fitted. Pick the right one and you're ready to go.

http://www.rightmove.co.uk/property-for-sale/prope...

As an example. £14,000 and looks pretty much ready to go.

Edited by davepoth on Thursday 15th November 23:11

Why is that so cheap? is a terrible area?

[Zingari]

jonny70 said:

davepoth said:

No, it doesn't. However at that end of the market there is very little difference in price between something that needs gutting and something that's ready to rent with a cheap white bathroom suite, magnolia walls and beige carpet already fitted. Pick the right one and you're ready to go.

http://www.rightmove.co.uk/property-for-sale/prope...

As an example. £14,000 and looks pretty much ready to go.

Edited by davepoth on Thursday 15th November 23:11

Remember the film Fort Apache, The Bronx? Then you get the idea.......

Why is that so cheap? is a terrible area?

[Zingari]

There is a reason why this is so cheap. Monthly management fees £186 and clause in the lease that excludes Letting.

http://www.rightmove.co.uk/property-for-sale/prope