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pagaman

The Worst Btl Website Ever?

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http://www.buytolethotspots.com/

Of particular interest:

....

THE DEMAND FOR RENTAL PROPERTIES EXCEEDS SUPPLY.

The third reason is an inherent attribute in all of us – we are lazy......

Hmmmm maybe he should look at:

http://www.findaproperty.com/regi0002.html

I saw 2 properties today.

1) Studio flat for £140K , had £10K knocked off & had been on the market since October.

2) 2 Bedroom ex-council house £180K, god awfull, not about to sell in a hurry. (Theres another 2bed ex-council £180K, which is better, and has also been on market since October, 5 mins away)

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The second reason is basic economics. With an expanding population, fragmenting families, an increasingly mobile workforce, fewer properties for sale and fewer council owned properties, THE DEMAND FOR RENTAL PROPERTIES EXCEEDS SUPPLY.

Some would disagree with this opinion:

http://portal.telegraph.co.uk/property/mai...7/ixptop12.html

The souring of the inner-city dream has left a glut of empty, new-build apartments, affordable to few and situated in communities bereft of families. What now for the super-cool, urban living space that stands empty? Caroline McGhie reports on a post-Sipps nightmare

1. There is a gross over-supply of BTLs

2. The population is declining

3. Council properties have been replaced with cheap BTLs

4. Gordon Brown realized that SIPPS would have lured thousands into a doomed market

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"When a property is set up properly, you just sit back and watch the money roll in..."

oh aye, all those folks in the early nineties were quids in when their houses plummeted in value. Especially when they lost their jobs and had to give the keys back to the bank.

How they laughed.......

"We require the finders fee upfront"

As in:

"Finders, keepers,losers,weepers"!

I'm also willing to wager that the only thing this lad will be finding you is a back-to-back terrace in a street of boarded up crack dens in Burnley. It is, after all, a property hotspot.

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Ah yes, Ajay Ahuja.

I have his new book on order, release date is end Feb.

You may want to pick up a copy...

http://www.amazon.co.uk/exec/obidos/ASIN/1...4881947-2400668 :rolleyes:

Absolutely beautiful.

Good post.

HANG ON......didn't he say property always increases in value??? :blink:

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What ******ing decade was this written in?

How it works?

We will source a property for around £30,000. You will put a 15% deposit down equating to £4,500 and borrow the rest being £25,500. If you include all other fees your total outlay will be around £8,500.

The calculation of monthly profit is then:

Rent £300

Mortgage £106

(being £25,500 at 5% interest rates - interest only)

Insurance £10

PROFIT £184

Annual profit is then 12 x £184 = £2,208.

If we have invested £8,500 and got back £2,208 then your return is:

£2,208/£8,500 = 26%.

Compare this to what you get from a bank or building society of 4%!

Those days are looooooooonng gone. £30k property, Yield 12%, 26% profit.

More like £160K property, 4% Yield, *cough* profit.

http://www.buytolethotspots.com/how-it-works.htm

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From website

Guaranteed Buy-Back

Because we are so confident in what we purchase we offer a guaranteed buy-back option. This is where if, for whatever reason, you no longer want to own the property we will buy back the property at 85% of the purchase price within 6 months of you owning the property. This means that you can exit the deal with having no overhang of debt.

It is unlikely that you will ever need to exercise this option as the investment is likely to make you solid gains in the long term but in this unpredictable world it’s reassuring to know that there is a get out option.

QUALITY!!!

Edited by teddyboy

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http://www.buytolethotspots.com/

Of particular interest:

....

THE DEMAND FOR RENTAL PROPERTIES EXCEEDS SUPPLY.

The third reason is an inherent attribute in all of us – we are lazy......

Hmmmm maybe he should look at:

http://www.findaproperty.com/regi0002.html

I saw 2 properties today.

1) Studio flat for £140K , had £10K knocked off & had been on the market since October.

2) 2 Bedroom ex-council house £180K, god awfull, not about to sell in a hurry. (Theres another 2bed ex-council £180K, which is better, and has also been on market since October, 5 mins away)

This looks even worse

http://www.propertyhotspots.net/

Also he is one of the people predicting a fall on the front page:

http://www.housepricecrash.co.uk/#predictions

quote off the his web page:

It makes me laugh when I read in the press that buy to let is dead. Well of course it is in most areas! But in some areas it still waiting to boom. These areas I call hotspots. In 2004 alone I bought 50 properties. I bought in Hull, Stoke on Trent and Grimsby. These properties are no longer hotspots as they are too expensive now. I’ve experienced 100%+ capital growth in 1 year which is well received but halts my buying sprees.

I intend to buy 100 properties this year EVEN though all the so-called property experts are saying we are heading for a crash.

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  • 337 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%
      • Even
      • up 2.5%
      • up 5%



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