Property

[ChrispyUK]

Bristol...rooms rent out around £650 to £750 a month.

ensuite rooms?

 

[Mike googlebottom]

ensuite rooms?

Should hope so for that amount

 

[Deleted member 32554]

just make the debt manageable. Flipping is not as easy as you think, unless you get out of the 'tire kicking' price region.

Nice 3 bed in auction up soon if anyone's interested

 

[FreeD]

Theres massive changes happening to hmos aswell cant remember what but we did one up for a landlord and he said there were bringing new rules out or sumat

Yes there are, article 4, council tax per room, planning permission, fire regs....it's endless...but still highly profitable.

 

[tapit]

Basically rent your house for days or weeks at a time

near an airport?

 

[John j]

Or cheapo properties up north? Can buy a house for 70k, skim it, new cheap bathroom and kitchen and carpets and sell for 90-100k. But yeah I definitely wouldn't want to rent places out

That not worth hassle to me . If I was to do itni.d want to come out with at least 50. Its do able up here but you need to drop on .

 

[Deleted member 40920]

That not worth hassle to me . If I was to do itni.d want to come out with at least 50. Its do able up here but you need to drop on .

But you could turn those round in a month, and make 10-15k? Very small risk is my thinking

 

[Zippydragon]

Whats air b and b save me googling and showing my ignorence on here?

Have a look, it’s crackin! Places we have stayed are great

 

[ChrispyUK]

That not worth hassle to me . If I was to do itni.d want to come out with at least 50. Its do able up here but you need to drop on .

gf's cousin looking at property in Donny tomorrow John.

 

[Zippydragon]

How old are you?

30

 

[FreeD]

But you could turn those round in a month, and make 10-15k? Very small risk is my thinking

I find the issue is the time...it takes months to complete sometimes...and ages to source. You would need a team sourcing properties for you...

 

[John j]

If Corbyn gets in it will be the end on buy to let.

It will just be end lol

 

[ChrispyUK]

What everyone has to remember, is they're basing their figures on full occupancy. Easy to say blah blah profit, but the reality can be very different. Factor in maintenance, breakdowns and voids and reality will kick in.

 

[Mike googlebottom]

near an airport?

Anywhere pal..my mate lived next door to one..f**k all near it like airport or owt..still got rented every other night it did his head in

 

[FreeD]

ensuite rooms?

Yes have to be ensuite £600 and over.

 

[Mike googlebottom]

gf's cousin looking at property in Donny tomorrow John.

Can get a 8 bed detached in donny with a swimming pool for £40k..know tucker wants to live in donny

 

[John j]

gf's cousin looking at property in Donny tomorrow John.

Part of donny.

 

[Mike googlebottom]

30

Plenty of time but I'd start soon if ur wanting to build sumat worthwhile up

 

[ChrispyUK]

Yes have to be ensuite £600 and over.

I like bristol, nice area, but you'll struggle to reach your 39k.

 

[ChrispyUK]

Part of donny.

Don't know John. I hope he can finally connect and get his foot in the door.

 

[Mike googlebottom]

What everyone has to remember, is they're basing their figures on full occupancy. Easy to say blah blah profit, but the reality can be very different. Factor in maintenance, breakdowns and voids and reality will kick in.

That's why you need to be able to manage it if empty etc..my interest only mortgages are peanuts..I bought mine was empty 4 7 months whilst I did it up..cudnt be arsed so took ages

 

[algeeman]

I've no money
watching cartoons
but at least im honest

 

[Deleted member 40920]

It will just be end lol

*Of austerity ☺

 

[John j]

Don't know John. I hope he can finally connect and get his foot in the door.

He wanting to move there. Some s**t hole villages round donny now

 

[tapit]

But you could turn those round in a month, and make 10-15k? Very small risk is my thinking

take you nearly that to strip wallpaper

 

[John j]

*Of austerity ☺

Of everything

 

[tapit]

Have a look, it’s crackin! Places we have stayed are great

I will.

 

[ChrispyUK]

He wanting to move there. Some s**t hole villages round donny now

buying as an investment.

 

[Rossi46]

But you could turn those round in a month, and make 10-15k? Very small risk is my thinking

Refurb, sale and conveyancing in a month?

 

[tapit]

buying as an investment.

no mate, selling is an investment.

 

[Rossi46]

He wanting to move there. Some s**t hole villages round donny now

Last time I worked in Donny it was the aids capital of the country

 

[ChrispyUK]

I've no money
watching cartoons
but at least im honestView attachment 41993

I'm off to bed mate. Gonna be a peasant tomorrow as lath and plaster ceiling has started to come down in a property and gotta spend the day ripping it down boarding and skimming the f**k*r...just when i thought i'd got a day to work on my own house!

 

[Mike googlebottom]

*Of austerity ☺

Been austerity to pay for labour balls up when there was in power..

 

[tapit]

been a good thread this , what time do we start fighting?

 

[Deleted member 40920]

Been austerity to pay for labour balls up when there was in power..

133% rise in national debt under Tories?