mackem 23,828 Posted January 4, 2018 Report Share Posted January 4, 2018 £450-50'ish in sunderland,dont know the rentals in durham or Hartlepool,i was in Kingston earlier today having a coffee,cant get a rabbit hutch or dog kennel for £50k down here 1 Quote Link to post Share on other sites
Blackbriar 8,568 Posted January 4, 2018 Report Share Posted January 4, 2018 It's not an issue for me - I've got nowt worth leaving to anyone. 1 Quote Link to post Share on other sites
riohog 5,621 Posted January 4, 2018 Report Share Posted January 4, 2018 5 minutes ago, mackem said: Large amount of cheap houses around mate,good investments,you can get them a bit cheaper at auction,a friend of mine two years ago got a total wreck 3 bedroom for £25k,fair enough the interior cost him a few quid to renovate after gutting it,but it still looked good afterwards and rented out in an area with a lot of students. i had property on rent years ago mac ,when things were easier to get rid of bad tenants it can be a tricky game today getting them out and can soon cost alot of doe ,the rights these days seem to be bias toards the tenant 1 Quote Link to post Share on other sites
kanny 19,424 Posted January 4, 2018 Report Share Posted January 4, 2018 8 minutes ago, mushroom said: That should be simple and straight forward. Leave you cash assets to the kids and the house to your Mrs and on the event of her death it passes directly to them equally Cash assets 10 bob and a kitkat won't get them far lol... Unfortunately I missed the bit coin gravy train so unless I win big I can't see there being a deal of cash assets as most is tied up in the house... Our plan was if we both make it to retirement then we would sell up and downsize and fund our retirement Quote Link to post Share on other sites
riohog 5,621 Posted January 4, 2018 Report Share Posted January 4, 2018 19 minutes ago, mushroom said: That should be simple and straight forward. Leave you cash assets to the kids and the house to your Mrs and on the event of her death it passes directly to them equally im for that or if married all to the survivor Quote Link to post Share on other sites
kanny 19,424 Posted January 4, 2018 Report Share Posted January 4, 2018 14 minutes ago, riohog said: i had property on rent years ago mac ,when things were easier to get rid of bad tenants it can be a tricky game today getting them out and can soon cost alot of doe ,the rights these days seem to be bias toards the tenant A mate had a nightmare when renting his house and by the time he got them out the house was in ruins even the cockroaches moved out lol...it cost him a lot to sort it all out. Quote Link to post Share on other sites
stumfelter 3,032 Posted January 4, 2018 Report Share Posted January 4, 2018 37 minutes ago, mackem said: http://www.rightmove.co.uk/property-for-sale/property-51245997.html http://www.rightmove.co.uk/property-for-sale/find.html?locationIdentifier=REGION^460&maxPrice=50000 http://www.rightmove.co.uk/property-for-sale/property-51182169.html What I can't get my head around is why anybody rents? The mortgage calculator for the third house above has it at £231 a month but it would cost twice that to rent it with nothing to show for after 25 years! Quote Link to post Share on other sites
mackem 23,828 Posted January 4, 2018 Report Share Posted January 4, 2018 3 minutes ago, stumfelter said: What I can't get my head around is why anybody rents? The mortgage calculator for the third house above has it at £231 a month but it would cost twice that to rent it with nothing to show for after 25 years! I have a sister up there,her and her bloke were earning decent money between them,a house came up for sale in her street at £45k she said it was too expensive,my parents were offered their council house for some ridiculous price like £12k?They said it was too expensive.........people 2 Quote Link to post Share on other sites
villaman 9,980 Posted January 4, 2018 Report Share Posted January 4, 2018 Cheap house down our way south coast £250K Quote Link to post Share on other sites
green lurchers 16,372 Posted January 4, 2018 Report Share Posted January 4, 2018 1 hour ago, j j m said: of the older ones on here have made a will,ive just had to make one ive been married 3 times but the lass ive lived with for the last 15 years and who I have a lovely daughter to called Olivia ,has just been left 100,000 pounds in a will so she has decided to buy the house she lives in and another property,but with me having 3 kids to different women she wanted my will changed so my other kids cannot in the event of my death touche the property that was bought for Olivia,fecking done my head in at the soliciters today drawing up the will ,but it had to be done Olivia has already been left her grannys house so if later on if she wants to sell the 3 propertys or rent them out she can buy a bigger property or have a income coming in off the renting them out ,my other kids will be looked after bye me my son has no intrest in cars or garages so he will problaby just split that with his half sister what a fecking carry on and I'm not even fecking dead yet welcome to my disfunctional step this that world lol Quote Link to post Share on other sites
walshie 2,804 Posted January 4, 2018 Report Share Posted January 4, 2018 42 minutes ago, mackem said: £450-50'ish in sunderland,dont know the rentals in durham or Hartlepool,i was in Kingston earlier today having a coffee,cant get a rabbit hutch or dog kennel for £50k down here That's a really good return. As you know the Kingston area houses are 10 times that price but the rental is only about 4 times. If anyone intends doing a do-it-yourself will, don't. Pay the money and get a proper one done. It can save your kids thousands in inheritance tax. Quote Link to post Share on other sites
stumfelter 3,032 Posted January 4, 2018 Report Share Posted January 4, 2018 7 minutes ago, mackem said: I have a sister up there,her and her bloke were earning decent money between them,a house came up for sale in her street at £45k she said it was too expensive,my parents were offered their council house for some ridiculous price like £12k?They said it was too expensive.........people I don't know the area but it's in a small village so is the place nice? Quote Link to post Share on other sites
mackem 23,828 Posted January 4, 2018 Report Share Posted January 4, 2018 4 minutes ago, stumfelter said: I don't know the area but it's in a small village so is the place nice? No mate,it wasn't a nice place,but she lives somewhere even worse now...Peterlee 1 Quote Link to post Share on other sites
j j m 6,481 Posted January 4, 2018 Author Report Share Posted January 4, 2018 good way to go mackem 1 Quote Link to post Share on other sites
j j m 6,481 Posted January 4, 2018 Author Report Share Posted January 4, 2018 walshi one was a ec council 3 bedroom the other was bought for 150 000 with money already put away bud 1 Quote Link to post Share on other sites
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