BorrowToLeech Posted February 10, 2019 Share Posted February 10, 2019 (edited) 11 hours ago, bear.getting.old said: That's a gross yield of 12% (assuming no voids, other costs and before tax) Tell me where you can buy a house for 100k and where rents are £1000 a month? In places where houses are 100k, the rents are usually £600 a month at very best and that's being optimistic. You can get 1.5% now in the bank by the way. I just made the numbers up to illustrate the idea, they weren’t supposed to be taken literally. Edited February 10, 2019 by BorrowToLeech Quote Link to comment Share on other sites More sharing options...
iamnumerate Posted February 10, 2019 Share Posted February 10, 2019 16 hours ago, bear.getting.old said: That's a gross yield of 12% (assuming no voids, other costs and before tax) Tell me where you can buy a house for 100k and where rents are £1000 a month? In places where houses are 100k, the rents are usually £600 a month at very best and that's being optimistic. You can get 1.5% now in the bank by the way. A friend was paying rent to someone who just bought a house in the North West, she was paying £450pcm he paid £81 k for the house. A gross yield of 15% but the house needed a lot of work and he got a void. I would be surprised if after boiler maintenance he got more £1k pa 1.23 % yield. Quote Link to comment Share on other sites More sharing options...
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.