Don't forget dodgey tenants and bust agencies. Both, surprisingly common at the mo. A bust agent can take a few months rent and possibly the deposit for which you are responsible for repaying. A dodgy tenant can take 6 months to remove and leave you with a busted house at the end.
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Property investment question
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How does that work with the deposit guarantee scheme?Originally posted by Turion View PostDon't forget dodgey tenants and bust agencies. Both, surprisingly common at the mo. A bust agent can take a few months rent and possibly the deposit for which you are responsible for repaying. A dodgy tenant can take 6 months to remove and leave you with a busted house at the end.
Don't know much about it TBH, just interested."See, you think I give a tulip. Wrong. In fact, while you talk, I'm thinking; How can I give less of a tulip? That's why I look interested."Comment
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The agency is supposed to register the dep. However, ultimately it is the landlords responsibility to repay it to the tenant. Also he could get a large fine if it goes to court.Originally posted by Moscow Mule View PostHow does that work with the deposit guarantee scheme?
Don't know much about it TBH, just interested.Comment
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There is no stamp duty on properties costing up to £175000 until the end of this year ..Originally posted by Cheshire Cat View PostIf you have £150k to invest, you'll need to pay 1% stamp duty on your purchaseComment
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If you buy UKCM or FCPT shares on the stock-market, you will currently get 8% from a diversified commercial property portfolio with zero or near-zero borrowing involved. If you're willing to invest in a fund with about 30% loan-to-value, you could get nearly 11% from IRP.Originally posted by TazMaN View PostIf you buy a property for cash outright, for £150,000, you can probably achieve a rental income of circa £700/month (£8,400/year), which is a return of 5.6% annually.Comment
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I agree with BBOriginally posted by BlasterBates View PostI would still stand back, prices are not suddenly going jump up, and the consesnus is price will still go down or at best flatten off.
I would see no reason to jump in.
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Or.......... Currently yielding about 10%
http://www.trustnet.com/Factsheets/F...e=PPIPF&univ=U
I invested a while ago (November and December) @ ~13% yield.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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