BTL alternative?

[BrilloPad]

'I bought four houses in Atlanta, Georgia – without setting eyes on them' - Telegraph

[AtW]

'I bought four houses in Atlanta, Georgia – without setting eyes on them' - Telegraph

Something for all newbie USA BTL landlords to remember - don't make visits unannounced in late hours ...

[BrilloPad]

I had some very bad experiences with BTL in Lancashire 20 years ago.

Also I wonder why this guy is going public? Is he trying to get suckers in? If its that good why not keep it quiet and pile in?

[scooterscot]

Would only be a landlord in cities I've once lived in myself.

Anyway it's a long-term game. If you want yields of 12% don't expect it from BTL.

[Freamon]

[hyperD]

Mmmmm!

[BrilloPad]

Would only be a landlord in cities I've once lived in myself.

Anyway it's a long-term game. If you want yields of 12% don't expect it from BTL.

And where do you expect yields of 12% from?

[scooterscot]

I think I need some loo roll.

[scooterscot]

And where do you expect yields of 12% from?

Dunno no, I'm no fund manager. Laterally I don't believe an annual yield of 12% is sustainable and only achievable in central London and the like where value does not equal quality.

My BTL has a year on year yield of just over 5% since more or less 2008. I would also add that the rental income for that property covers the mortgage more than twice over.

If I ever retire the income will be more than sufficient to support my National Geographic subscription.