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Street For Sale !

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the real net income off of these is probably about 100k a year, giving a yield of about 4%.

plus dont forget this is also a job, ya could prob spend at least average 2 days a week on them as tenents move in and out and repairs ect.

Then you might be getting a mortgage to buy them which will need to be paid with intrest.

quite frankly this is a foolish deal, and could even send you bankrupt

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WTF!!!  That's where I live!  First I knew about it.  The landlord has been in the game a long time and I suspect he's retiring.  Definitely not a bail out.  I live in one of the bedsits - I wonder why there's no photograph of them  :lol:

Classic ;)

Remember the LL doesn't have to be in trouble or had make stupid investments to bail out, he has obviously been in the market long enough to recognise the top of the market so he's capitalising on that (if not a little too late).

Either that or he got over confident and decided to remortgage the street for a block of 'luxury apartments'.

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  • 301 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?

      • down 5% +
      • down 2.5%
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