Reply to: oh dear: Thinking of buy-to-let? Do the sums

[Phoenix]

Your life - which means peanuts

According to you that would be a mortgage , Oh veggy one!
I wanted to just Rent it............

[Phoenix]

They just eat Philadelphia Dips don't they?

[AtW]

What would the rentable value be, on the Kingdom of Heaven?

Your life - which means peanuts

[Pondlife]

It's not very convenient for the shops though is it.

[Phoenix]

What would the rentable value be, on the Kingdom of Heaven?

[oraclesmith]

Puny when compaired to the Kingdom of Heaven. Trump that!

Ok, send us a picture.

[Jesus]

You'd think that 7 bedrooms, stables, four double garage blocks, and 12 acres of gardens was enough wouldn't you?

Puny when compaired to the Kingdom of Heaven. Trump that!

[Shimano105]

You'd think that 7 bedrooms, stables, four double garage blocks, and 12 acres of gardens was enough wouldn't you?

HTH

threaded

[sasguru]

You'd think that 7 bedrooms, stables, four double garage blocks, and 12 acres of gardens was enough wouldn't you?

He he. You obviously don't live in London. For that sort of money I'd get a nice 2-bed flat in Chelsea.

[oraclesmith]

Ah yes, that's the other feature of do-it-yourself property investment. You really do have to LIKE property to do well.

I love property renovation and the like, but my friend with the rented out flat absolutely hates anything to do with DIY and resents spending extra money on his property. This means every time some property issue comes up (broken window, water leak into flat below, disgruntled tenant etc) it brings him a whole load of stress even though he works through an agent.

[DimPrawn]

You'd think that 7 bedrooms, stables, four double garage blocks, and 12 acres of gardens was enough wouldn't you?

[Phoenix]

That's what I did.

However, wife now wants a much bigger house so I face debt once again

I think I may let to buy! as the house I am in is in the perfect location.........Station Schools etc....

[sasguru]

That's what I did.

However, wife now wants a much bigger house so I face debt once again

I don't get why women always want a bigger pad? Personally I'd rather spend the money on luxury exotic holidays

Or should that be erotic holidays

[DimPrawn]

That's what I did.

However, wife now wants a much bigger house so I face debt once again

[sasguru]

So what's the problem? Over 10 years your investment has provided an increase in saleable value, and , your market is still there to provide a rental income on the property.......What did you enter into BTL for?

Got bored with looking after the properties - it can be quite a hassle. Plus I fancy a mortgage-free life so I'm selling the 2 BTLs and the one I'm living in now - will be enough to buy a decent house for cash. It's kind of semi-freedom from the rat race.