BTL - Oh Dear

[Bagpuss]

So you are saying the tradional BTL formula no longer works, i.e. what I have been telling you?

[sasguru]

So you are saying the tradional BTL formula no longer works, i.e. what I have been telling you?

BTL was never a formula, you simpleton. But how would you know, anyway?

[Bagpuss]

SAS you muppet,I gave you a very simple challenge, in a market you tell me where rents are rising, yet somehow you FAILED, you LOST you could graciously admit I am right, or you could fire some random insults, and you usually do when you get proved wrong.

PS if BTL via gearing is not a formula then I give up.

[sasguru]

SAS you muppet,I gave you a very simple challenge, in a market you tell me where rents are rising, yet somehow you FAILED, you LOST you could graciously admit I am right, or you could fire some random insults, and you usually do when you get proved wrong.

PS if BTL via gearing is not a formula then I give up.

Wow. With such a sharp financial brain, you must really be counting your BTL wealth, all acquired with a simple formula to boot. Wish I was as bright as you.

[ChimpMaster]

People play the game in different ways. Longer term I would prefer to have multiple properties all free of mortgages, and have a steady stream of income from them.

I would rather do that than leverage to the hilt, unless we return to the days of 20% annual property price rises (maybe in 15 years time...). So I wouldn't need to worry about interest rate rises affecting my income stream from this investment band.

And of course it would only be a part of my portfolio which is invested in property, but a sizeable chunk, say 50%.

A lot of people are still assuming they can get a 90% or even 80% LTV and make money somehow - this is now very difficult. There are ways to do that - if you are experienced in the game then you know it is possible to buy a 3 bed house, convert 2 of the rooms downstairs into bedrooms and let out each room separately. A £750 rental income then becomes a £1250 income, and you reduce the risk of having the whole property empty at once.

Just depends on how you want to play the game - there are winners and there are losers. Having said that, I'm not one for investing any further in it now.

[sasguru]

People play the game in different ways. Longer term I would prefer to have multiple properties all free of mortgages, and have a steady stream of income from them.

Look at Berlin. Low prices, but capital growth coming soon.

[Zorba]

Look at Berlin. Low prices, but capital growth coming soon.

Hey - no fair! Keep quiet until my purchase has gone through.

[ChimpMaster]

Look at Berlin. Low prices, but capital growth coming soon.

Yes I did - £50k to 75k for an apartment?

Japan is also looking good for property.

But I'm lazy and can't be travelling around the world to make my millions.

Zorba - you serious?

[sasguru]

Hey - no fair! Keep quiet until my purchase has gone through.

It's no secret. But it's early days and the more people who pile in, the more our investments will rise
Which area you buying in, if you don't mind my asking? Mine is in Mitte.

[sasguru]

Yes I did - £50k to 75k for an apartment?

Japan is also looking good for property.

But I'm lazy and can't be travelling around the world to make my millions.

Zorba - you serious?

£60-80K will get you a good apartment in a decent area. And you do feel you get more in a German property as it's all well-made, solid and well-plumbed, not like the crud you get in London.
I doubt there'll be a London-like rise as it's not a financial centre, but at these prices the market is underpriced for the most powerful country in Europe. And the Germans do eventually adopt our ways.