gnasher16 31,489 Posted March 1, 2010 Report Share Posted March 1, 2010 (edited) buy close to a uni - student property always lets if you go through the uni you sometimes get paid qtrly or twice yearly in advance .. Couldnt agree more,especially this time of year get in quick before the sept rush....any university town there will be young uns desperate for lets...some of the better off mummies and daddies wont have young peter or paula in a shithole either and are happy to fork out a few bob,normally its their first time away from home and they dont want to spend much time there,hence its kept damage free while their pissing it up on uni campus etc..... Had a few places around nottingham myself some years back,certainly more than a round of drinks in it Other than that,stick with what you know or dont play about with more than you can afford to lose ! Edited March 1, 2010 by gnasher16 Quote Link to post Share on other sites
greatwhitehunter 47 Posted March 1, 2010 Report Share Posted March 1, 2010 The south is awash with rental homes bottom dropped right out of that market...Third reich/Nazi Militaria very collectable... makes for a good pension yep, been collecting militaria for a while now cant wait to cash it all in Quote Link to post Share on other sites
ginga john 268 Posted March 1, 2010 Report Share Posted March 1, 2010 I'd buy five grands worth of bullsh#t, bag it up and sell it on after all some of the people on here must be getting it from somewhere Quote Link to post Share on other sites
Guest bullterrier Posted March 1, 2010 Report Share Posted March 1, 2010 I'd buy five grands worth of bullsh#t, bag it up and sell it on after all some of the people on here must be getting it from somewhere never have a few words said in jest been so true.. ..john Quote Link to post Share on other sites
AKA-BRINDLE 879 Posted March 1, 2010 Report Share Posted March 1, 2010 For a middling to long term return it would be property for me,prices are low for buyers,rental income is steady, buy to let mortgages are still easy enough to get. Yep,property. buy close to a uni - student property always lets if you go through the uni you sometimes get paid qtrly or twice yearly in advance .. We Painted out some student lets a while back the landlord is still struggling to let them out said that so many bought at the begining of the boom to buy to let. Quote Link to post Share on other sites
PeakOil 352 Posted March 2, 2010 Report Share Posted March 2, 2010 Silver and/or gold. Then make sure it is put somewhere the mrs / government / tax man and DSS can't find it. Quote Link to post Share on other sites
donk 12 Posted March 4, 2010 Report Share Posted March 4, 2010 For a middling to long term return it would be property for me,prices are low for buyers,rental income is steady, buy to let mortgages are still easy enough to get. Yep,property. buy close to a uni - student property always lets if you go through the uni you sometimes get paid qtrly or twice yearly in advance .. We Painted out some student lets a while back the landlord is still struggling to let them out said that so many bought at the begining of the boom to buy to let. Yep, everyone jumped on the bandwagon when 'buy to lets' came out. Interest rates were high (well,higher, not too high though) property prices were high,there was a confidence in the market that was previously unseen. And this was all part of the 'sub-prime' fiasco. It was all a false confidence inspired by greedy bankers and greedy people who thought it was simple to buy and rent properties out. People were buying properties and found themselves in negative equity,which isnt too bad a thing if your investing for the long term. The bugger is if you then fail to get a tenant to pay the mortgage and you try to sell the property on. Thats when your £100,000 invested gets hammered by the drop in house prices,its only worth £70,000. However,if your sensible and check out the type of tenant you want,and the type of property they would want to rent,things become so much easier. For example,you dont buy a place in the 'rough' side of town if your wanting to rent to 'executives', as has been said,somewhere near the university if your targeted tenants are students. The trick is to find something that suits your prospective tenant. I have a mate who buys cheap flats and rents them to immigrants and people on the social,he gets the flats cheap so the rents are cheaper than 'the going rate'. I have a flat that i live in at the moment and i bought for 34,000. The mortgage on that is £160 a month. If i rent it out i will get between £400- £450. Simple maths,you just got to get your homework right. Quote Link to post Share on other sites
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