Wanted investment property with 10% + rental yield
Discussion
As the title says I looking for some buy to let houses with a rental yield of 10% or more. Preferably those with tenants and already providing an income. Anybody have any for sale or able to recommend and area were there in abundance and easy to let?
I have been looking in Leeds at student properties but its not the best time of year, with those that fitted the bill not having any tenants for the following academic year agreed yet. Whether that because of lazy sellers I dont know.
I have been looking in Leeds at student properties but its not the best time of year, with those that fitted the bill not having any tenants for the following academic year agreed yet. Whether that because of lazy sellers I dont know.
There's going to be a high level of risk associated with that kind of return, but things are improving.
I specialise in commercial retail investment at the moment and yields are moving out, for example you usde to have to pay 4% for some investments, today the same investment is closer to 6%.
What have you got to spend? (PM me if you prefer). If you let me have some details, i will happily have a look at what we've got.
Give me an idea of;
preferred location
preferred sector
amount you're looking to spend (is this cash or debt?)
Any other specifics.
I specialise in commercial retail investment at the moment and yields are moving out, for example you usde to have to pay 4% for some investments, today the same investment is closer to 6%.
What have you got to spend? (PM me if you prefer). If you let me have some details, i will happily have a look at what we've got.
Give me an idea of;
preferred location
preferred sector
amount you're looking to spend (is this cash or debt?)
Any other specifics.
Residential yields have moved, but not that much, unless you're looking at Student housing, and as stated above, they are management intensive.
Commercial will provide you, typically, with lower management input and a similar yield although even then 10% is relatively optimistic at the smaller end. (we're talking decent investments, not tertiary retail lock ups - which probably will give you 10%)
Commercial will provide you, typically, with lower management input and a similar yield although even then 10% is relatively optimistic at the smaller end. (we're talking decent investments, not tertiary retail lock ups - which probably will give you 10%)
Edited by TimCrighton on Friday 15th August 11:22
TimCrighton said:
Residential yields have moved, but not that much, unless you're looking at Student housing, and as stated above, they are management intensive.
Commercial will provide you, typically, with lower management input and a similar yield although even then 10% is relatively optimistic at the smaller end. (we're talking decent investments, not tertiary retail lock ups - which probably will give you 10%)
What do you mean by decent investments? ;-)Commercial will provide you, typically, with lower management input and a similar yield although even then 10% is relatively optimistic at the smaller end. (we're talking decent investments, not tertiary retail lock ups - which probably will give you 10%)
Edited by TimCrighton on Friday 15th August 11:22
selmahoos said:
Millcroft Rd, South Carbrain, Cumbernauld, G67. 2 x 2-bed flats both in decent order. £83k for both. Each produces +/- £4.2kpa at full occupancy.
Management available at 10%+vat. Accounts available. Email me if you're real and ignore me if you're not.
I'm curious. Why are they being sold?Management available at 10%+vat. Accounts available. Email me if you're real and ignore me if you're not.
That part of Carbrain isnt that bad (still wrong side of the valley in fairness though) and if rental yield is that good then retaining ownership seems a no brainer at only £41.5k per unit.
May have one of interest - we have purchased some land and are having our house built - we have just reduced our price by £40,000 on our current house to OIE 180k. We had sold in Jan for £211500 but fell through. It will rent for £725 - £750 easy, very close to city (Norwich) and train station but with off road parking, garage and large garden. We've had 2 rental valuations and 5 sale valuations.
Let me know if the figures stack up for you.
No work to do either!
Let me know if the figures stack up for you.
No work to do either!
They're for sale coz that's what I do! (Say my name with a Scottish accent). And you're MEANT to get a good deal so that you make money and are happy! And when all this happens, you'll probably buy another one, or get your friend to buy one (or two)! And who knows, you may even give them to our agency to manage for you at 10%+ vat forever!
selmahoos said:
They're for sale coz that's what I do! (Say my name with a Scottish accent). And you're MEANT to get a good deal so that you make money and are happy! And when all this happens, you'll probably buy another one, or get your friend to buy one (or two)! And who knows, you may even give them to our agency to manage for you at 10%+ vat forever!
Is your agency willing to guarantee the 10% return 
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