Plan B - Next project - BTL and?

[DimPrawn]

Stick to Gold Dim. You know it makes sense.

Step outside and say that!

[MarillionFan]

Step outside and say that!

Plate.

[MarillionFan]

Now THIS is what you want.....



Australian Mint Creates One-Ton Coin

Closest you'll get.

[scooterscot]

And it was wrapped in old newspaper. Oh the smell was divine.

The way things are going the newspaper will be back in a couple of years.

[MarillionFan]

The way things are going the newspaper will be back in a couple of years.

And power cuts.

New baby boom coming.

[Cliphead]

And power cuts.

New baby boom coming.

Without the babies

[d000hg]

Offski tomorrow to see a Buy to Let property in the West Country. Decided to get back into BTL if the right property comes along and been looking for a while.

This one could be right one. Two bedroom end terrace house, 15 years old, presently rented at £595 per month for £147500. A 4.8% return. Pretty modest.

But this one also has full planning consented, both outline and detailed to build another 2 bedroom, identical house at the end, turning the first one into terraced.

Estimated build costs around £55-£65k. Then planning to rent out both properties after the build.

No point doing things in halves.

Anyone done anything similar and have any advice?

(Plus - is there anything I can use my LTD company for to gain a tax advantage? ie. Get the LTD to finance the build / own)

Is this make-believe based on full payment, or mortgage?

[sasguru]

My 1-bed in Glasgae rents for more / cost less to purchase, although that was 2003.

1st rule of BTL, never buy in the country.

Your BTL my arse, that's your primary residence. No wonder you're happy in some poky hole in Munich.
And it's only BTL temporarily before the Krauts hit their own bad patch and kick you out.

HTH, BIDI.

[d000hg]

1st rule of BTL, never buy in the country.

The westcountry is different - if it's a nice bit.

What town MF?

[scooterscot]

Your BTL my arse, that's your primary residence. No wonder you're happy in some poky hole in Munich.

My real home is in Edinburgh and not smelly tenant is allowed in.