Buy To Let.....

[Freamon]

Apart from sasguru, who has magically gone from hugely in debt to mult-millionaire in a matter of months.

I think I'd remember if sasguru had been on TV.

Oh wait, he has: The Secret Life Of Walter Mitty Trailer, Reviews and Schedule for The Secret Life Of Walter Mitty | TVGuide.com

[ChimpMaster]

Really? I've heard it's more like:

1. Clueless couple buys a house that needs a bit of paintwork for the highest price ever on that street.
2. Couple wastes £10k repainting it to a style that is not everyone's taste.
3. After 8 months of fannying around they manage to sell it for £15k more than they bought it for, but this increase is largely due to a rising market rather than the works the couple have done.
4. This is obviously all in the years 2003-2007 whilst the market was still rising, although the repeats fail to mention this.
5. No programmes have been made for several years as almost nobody is actually making any money doing this anymore.

Mostly true in today's market, and I wouldn't go about buying a house and trying to re-sell after a basic refurb.

Out of curiosity, do you own your house or rent?

[kuku]

Mostly true in today's market, and I wouldn't go about buying a house and trying to re-sell after a basic refurb.

I personally wouldn't invest in a market going down ... unless I can short it ... but it is not the case when you buy a property.

Time to invest in other things IMHO.

Chocolate factory?

[aceboy]

What alternative investments to BTL have you considered and discounted, and why?

Hi - I have a pension from perm days, Pension from myco, Stock ISA's Single stocks, cash in the myco bank cash in my personal banks...

I am looking to invest long term to spreadh the portfolio / risk