BTL after CV

[Dick Dastardly]

It’s been something I’ve gotten quite involved in over the past decade. I’ve got 5 units currently ranging from a 2000 sqft office to a 20000 retail unit. As soon as I saw the returns from commercial I knew I wouldn’t bother with resi again.

[kOi12]

During CV19 - I have bought x2 properties and both are yielding 9%.

Looking to add another one as well. Lower end of the market 2 bed terrace houses.

[Phooey]

re commercial - I currently rent a couple of units (combined size 5000sq/ft) and around my way there's definitely a shortage of small warehouse units. Try finding an out of town, accessible, clean/dry, secure sub-1000sq/ft warehouse unit. You''ll find plenty of farms, but dedicated sites are thin on the ground. They are in demand for a wide variety of uses. Admittedly I've not given it too much thought, but if you could find a site where you build or convert lots of small units combining a few serviced offices you'd be onto a winner. Even better (i think) if you can get some of the units to come under £2899 rateable value.


I don't think I'd be touching anything too heavy in commercial atm.

[Helicopter123]

Sounds as if Rishi is going to soak landlords with additional taxes to help pay for COVID.

Plans for CGT look quite penal.

[MrVert]

Looks like Rishi will raise CGT on 2nd properties for higher rate tax payers from 28 to 40% to bring it in line with other tax levels.

This shouldn't affect the long term investors, hopefully it's not the thin end of the wedge....

[Dick Dastardly]

As usual, my timing is terrible. I'm currently trying to sell off 14 residential properties. If this tax change comes in, it'll hurt a lot. The reason I'm selling up is the tax changes we've had over the past couple of years, making it not worthwhile. They really are out for landlords, which is annoying as 15 years ago the Govt were almost recommending we all invest in property to make up for the huge pension deficit and the fact that we should be planning to fund our own retirements.

[kOi12]

Any update from anyone since? I have four properties now all let at around the same %! Tenants paying on time is another issue though...

[Groat]

Absolutely no complaints from me so far.

Had to ask 1 tenant to leave - he did and scuttled back to sponging off parents.

Forgave a 2 month rent shortfall for 1 tenant. She thinks I'm some sort of god.

Gave 50% discounts to 3 x commercials, all happily back to normal now.

And that's it.

Also had high 6, more likely 7 figure value gain since early '20 and rents have substantially increased esp. LHA rents.

BTL? Can't beat it!

[MrVert]

Had two private tenant changes this year so far, re-let immediately with a 20% uplift in rent.

Had one commercial tenant give 6 months notice in January, re-let in April with 25% uplift in rent, 6 week rent free period, 5 year lease with no break.

Portfolio has increased in value 28% since Jan 2019.

It works for me if not everyone, quite enjoying it to be honest

[kOi12]

Re commercial tenants - is it ok to PM you two as looking to possibly go there as well alongside resi..... next year....