Originally posted by eek
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Invest in properties now or wait?
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Originally posted by GitMaster69 View PostI read all your posts.
You have portfolio of properties.
What’s your take on interest only vs repayment BTL mortgages ?
There’s good supply of properties in the area I’m watching at the moment (with none for sale 6 months ago). They didn’t seem to sell during stamp duty holidays. At the same time I don’t want to miss the boat when it will turn out the sun still comes after Brexit and it’s not as bad as everyone thought . So right now observing and weighting my options, collecting opinions, doing market research etc
Repayment vs interest depends on the gearing you want and the amount of interest you want to pay
Of you buying a btl now you should be getting 7% plus otherwise not worth the stressComment
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Originally posted by NowPermOutsideUK View PostIt can’t be any clearer. Now is mot the time to buy unless you are getting a heavy discount and k ow why you are buying. Eek explained why above
Repayment vs interest depends on the gearing you want and the amount of interest you want to pay
Of you buying a btl now you should be getting 7% plus otherwise not worth the stressLast edited by GitMaster69; 21 October 2020, 17:31.Comment
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Originally posted by GitMaster69 View Post10%+ discount or wait. I want to feel like a shark negotiating price down from position of power ;-)
Do you know why you are buying. Do you just have money to park somewhere or are you trying to hedge against inflation or something else?
I’m looking to buy in London but I know what I want. A freehold flat with lease due for renewal and a very good yield without the lease extension premiumComment
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Originally posted by NowPermOutsideUK View PostYou should be concentrating on a yield of 7% plus. A 10% discount on an overvalued property means nothing
Do you know why you are buying. Do you just have money to park somewhere or are you trying to hedge against inflation or something else?
I’m looking to buy in London but I know what I want. A freehold flat with lease due for renewal and a very good yield without the lease extension premiumComment
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Originally posted by NowPermOutsideUK View PostYou should be concentrating on a yield of 7% plus. A 10% discount on an overvalued property means nothing
Do you know why you are buying. Do you just have money to park somewhere or are you trying to hedge against inflation or something else?
I’m looking to buy in London but I know what I want. A freehold flat with lease due for renewal and a very good yield without the lease extension premium
is freehold in London possible?See You Next TuesdayComment
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Originally posted by Lance View Postis a freehold flat possible?
is freehold in London possible?Comment
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Originally posted by Lance View Postis a freehold flat possible?
is freehold in London possible?
Mind you mortgaging a freehold flat is not easy but you can grant yourself a lease and keep the freehold. Done it a few timesComment
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Originally posted by NowPermOutsideUK View PostMany are available. Think of a house converted to two with upstairs sold off on a lease. Then downstairs wants to sell so you can buy the freehold interest
Mind you mortgaging a freehold flat is not easy but you can grant yourself a lease and keep the freehold. Done it a few timesComment
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Originally posted by GitMaster69 View Postmy dream is to trade properties as main job one day
You might be the richest man in the graveyard
Sent from my iPhone using Contractor UK ForumComment
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