there is another way which is even smarter. Buy a house, rent it out so that you make a small profit after monthly repayments, charges, repairs etc, and rent somewhere else. That's out the Rebecca Empire started.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
oh dear: House prices continue long slide, says website
Collapse
X
-
-
Originally posted by Rebecca LoosBuy a house, rent it out so that you make a small profit after monthly repayments, charges, repairs etc, and rent somewhere else.Comment
-
Originally posted by AtWHave you checked calculation I provided? If I bought this house I'd have to pay at least £1200 interest very month... but its rented out at £630 thus having a shortfall of 600 quid a month. Why company rents at that level? Because they owned house for 30 years and did not buy it at todays prices, and competition for renters is high that they only increase their price by 2% every year.I've seen much of the rest of the world. It is brutal and cruel and dark, Rome is the light.Comment
-
Originally posted by FranckoThat flat is probably worth 150k more likely.Comment
-
Originally posted by AtWSo you basically saying that my estimate of the current marker price of the house I live in is incorrect and more likely to be £150k rather than £250k?I've seen much of the rest of the world. It is brutal and cruel and dark, Rome is the light.Comment
-
House prices fell for the sixteenth consecutive month in October and will continue to slide as buyers maintain leverage over the market, Hometrack, the property website, said today.
Last month, the average house price fell by 0.1 per cent to £160,700, compared with a peak of £167,700 in June. According to Hometrack, prices have fallen by 3.5 per cent in the past 12 months.Comment
-
Originally posted by AtWHave you checked calculation I provided?
1) Rent for 3 bed room house with front and big backgarden, big living room etc - £630 a month.
2) Morgage on the same house whose prices is no less than £250k, interest only at 5.5% - £1,145Comment
-
Originally posted by FranckoThis or either you are having a very good rent
2) Cheap house: so you think the house is worth £150k or less? Well I just run a search on rightmove.co.uk for house for sale in my area, lots of houses for sale by the way, and looks like my estimate of 250k is close enough -- looks like prices dropped by 20 grand though: another reason NOT to buy now.
3) Big rents in London? Then fking move out and choose some other place to live in - a LOT of much better places for living are outside of London.Comment
-
ATW go to bed!What happens in General, stays in General.You know what they say about assumptions!Comment
-
Originally posted by Not So WiseExcept for places in druggy gangland estates with a few hundred resident ASBO holders you have got little to no chance of getting a house like that for £630 per monthComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment