Friday, April 25, 2008
"Professional landlords will expand or maintain their buy-to-let portfolio in coming months, a new survey has found." Now for real life story - I just bumped into an acquaintance I haven't seen for months. He's a serial BTLer who started 2 years ago, now has 40 odd properties scattered across the UK and is connected with a cartel. He left work Nov 2007 to grow his empire. I asked if he was still expanding. "Only if there's a 20% discount on it. Can't get mortgages anyway, and tenants are falling behind with rent cos of inflation. Upshot is I'm having to get another full time job to make up the shortfalls."