Buying a place

[rootsnall]

Money to be made in repos, but you need cash

And to live up north were the repos come cheap

I was tracking a few good candidates but some totally undeserving first time buyers have stolen them off me since this govt scheme came in.

[BoredBloke]

I know rates can go up, but on the last flat I rented I was already paying £1250 a month out. If I rent again I will still be giving somebody £1250 a month. I'd rather that went on something that was for me.

[Old Hack]

And to live up north were the repos come cheap

I was tracking a few good candidates but some totally undeserving first time buyers have stolen them off me since this govt scheme came in.

I'm genuinely, genuinely thnking of buying a couple of houses in Stoke with a friend to rent out. I have seen some repos out at £30k 3 bed - Spend 15k and you should get a a 10% yield on rent

[DimPrawn]

I'm genuinely, genuinely thnking of buying a couple of houses in Stoke with a friend to rent out. I have seen some repos out at £30k 3 bed - Spend 15k and you should get a a 10% yield on rent

Do it.

Immigration rising, NIMBYS, draconian planning laws, money printing. Reasons enough.

[MarillionFan]

Buy the property as a BTL. You can then rent it make to your LTD in a nice simple tax effective way.

[Old Hack]

Do it.

Immigration rising, NIMBYS, draconian planning laws, money printing. Reasons enough.

I know, its so tempting, we've been talking about it for 3 months and think if we both put 100k into a pot, we can have a 5 house start, which would generate another house every 2 years at current rental prices

[MarillionFan]

I'm genuinely, genuinely thnking of buying a couple of houses in Stoke with a friend to rent out. I have seen some repos out at £30k 3 bed - Spend 15k and you should get a a 10% yield on rent

And did I mention I have a house in France? Youre so full of tulip.

[shaunbhoy]

I know, its so tempting, we've been talking about it for 3 months and think if we both put 100k into a pot, we can have a 5 house start, which would generate another house every 2 years at current rental prices

In time, you could become the joint owner of Stoke-on-Trent. Think how good THAT would feel!

[Old Hack]

And did I mention I have a house in France? Youre so full of tulip.

Do you know what MF, you really do make me laugh. My wife and I contracted for 12 years, before she stopped. I have been going a further 4 years. I bought my first house in 1986, in Trowbridge as it happens, and then moved abroad, before coming back in 96n and buying in Hammersmith. The money I made, alone, on that house, could have bought me the house in France and 5 houses in Stoke.

What makes you think profesional people who've worked all their lives, mostly in IT contracting can't possibly have these things? I venture my wife in 1996 was earning more than you do now.

You're a loser, you really are, you come on here sprouting tulipe all the time, yet for soem reason, unknown to me, you think a joint household of contractors, earning at the top of their game for 12 years, wouldn't have a pot to piss in?

Seriously MF, seriously, you're a joke.

Go on with you, I am tired of discussing anything with you, for dropping down to your level takes it out of me.

[Old Hack]

In time, you could become the joint owner of Stoke-on-Trent. Think how good THAT would feel!

2/3 bed houses in Stoke, repos, are ridiculously cheap. I mean, genuinely cheap. He's from Rochdale and there are some places up further, like St Helens, etc, which are as cheap. However, Stoke, for me, thus far, seems the cheapest place in the UK to buy houses.