Chit Chat
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01 Jan 13
18:38
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22 Sep 05
are they really investor only material .. what percentage do you think just buy them to live in (and not need to live there for work etc) ?
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Replies: 10
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Bucketloads still empty in Leeds.
They build too many at the same time and oversaturate the market. Save your money and invest in Vietnam or Burma. |
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was looking at Birmingham tbh .. the rental values are decent 7.5--8% but i'd be looking to live in it for a few years & rent if i need be .. i guess there's a slight risk due to how fast it'd rent etc .. but they do all seem to rent out well to workers etc in Brum
Vietnam sounds even more risky .. but you're probably right .. just not sure i could pull that trigger  |
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Huge glut all over the country and some good buys to be had but you never get over the major problem of having no control over the other tenants in the block. Just one bunch of scummy tenants let by another landlord/owner can give you big problems.
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I'd much rather trust expensive city centre to workers than a housing estate bix .. different type of renters surely ?
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Buy a guesthouse with a bar on the groundfloor in a beach resort in Burma, wait 2 years then BOOM ! Watch the sex tourist industry take off and reap the rewards in the sunshine.
Of course you will have to hand pick and "road test" your female employees' but hey, there's always a price to pay  |
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Mc Moonbeam
You're right but even the best apartments are vulnerable to the landlord who does a 3 year deal with the council who in turn can put in a dysfunctional family. |
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An apartment overlooking tower bridge in London might be worth a bit. Overlooking Leeds/ Manchester canal, errr, no thanks.
I think they venture capaitalists had just watched Tom Hanks in the film Big in his apartment. |
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1 bed bix
working proffesionals only I am the Landlord ...  |
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professionals even
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It might be 'worth a bit' speedy ... but you still get no rental returns in London (not that i could afford it)
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