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    #51
    Property Magic 5th Edition - How to Buy Property Using Other People's Time, Money and Experience: Amazon.co.uk: Simon Zutshi: 9781784520731: Books

    You can help motivated sellers by buying their homes on the cheap and renting them to generation Facebook at huge profit.

    Highly recommend it.

    Comment


      #52
      Originally posted by Zero Liability View Post
      I'm not. Rental yields are pretty paltry compared to other investments a landlord can pour into. What makes them attractive is how much leverage you can acquire, particularly in an environment of appreciating house prices, which is driven by the factors I mentioned, plus increasing demand for housing.
      That's true for BTL landlords. I was talking about high housing costs for the general populous.
      http://www.cih.org/news-article/disp...housing_market

      Comment


        #53
        Originally posted by PurpleGorilla View Post
        That's true for BTL landlords. I was talking about high housing costs for the general populous.
        Monthly mortgage payments are rock bottom. It's never been cheaper to buy property as percentage of income. ZIRP means free money for everyone.

        Comment


          #54
          Originally posted by DimPrawn View Post
          Monthly mortgage payments are rock bottom. It's never been cheaper to buy property as percentage of income. ZIRP means free money for everyone.
          There is a difference between cheap and value.

          http://m.carandclassic.co.uk/car/C569154
          http://www.cih.org/news-article/disp...housing_market

          Comment


            #55
            Originally posted by PurpleGorilla View Post
            Something for you to aspire to when you grow up.

            'I own most of my street’ – buy-to-let investor, 26 - Telegraph

            Comment


              #56
              Originally posted by DimPrawn View Post
              It's like monopoly innit? Free money given by banks, no questions asked if you use them to buy real estate.

              Money money money!

              Comment


                #57
                Originally posted by DimPrawn View Post
                Something for you to aspire to when you grow up.

                'I own most of my street’ – buy-to-let investor, 26 - Telegraph
                "He spent around £8,000 completely refurbishing the property, most of which came from a small inheritance."

                Never had inheritance. What's that then?

                Cambridge graduate...

                Thanks for that Daddy Plutocrat [emoji102]
                http://www.cih.org/news-article/disp...housing_market

                Comment


                  #58
                  Originally posted by PurpleGorilla View Post
                  Cambridge graduate...
                  Sign of times.

                  In the glorious past of the Empire such graduates would push world science forward, invent new great things... why bother when you can just buy whole street as B2L?

                  Comment


                    #59
                    Originally posted by AtW View Post
                    It's like monopoly innit? Free money given by banks, no questions asked if you use them to buy real estate.

                    Money money money!

                    Students of any shade are some of the biggest recipients of it. I think this person is just particularly bright and financially astute. Most piss it away on boozing, whether or not they had a helping dad from mummy and daddy.

                    Comment


                      #60
                      Originally posted by Zero Liability View Post
                      I think this person is just particularly bright and financially astute.
                      "He bought a repossessed three-bed terraced house on his street for £62,500"

                      It's a tuliphole end of the market. Might be enough for his aspirations, I am not a Cambridge graduate, so who am I to judge?

                      Comment

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