I havent had it revalued as yet but I am going on what other properties in the area have gone for. I got it for a good price as the house never made it to market.

I sneaked in the back door before it did and as a result the seller was happy as he never had to pay any RA fees for it. He had it tenanted from day one and it was a bit run down but…[Read more]

Well that makes………not much sense. Being new to the PI area I am still trying to get my head round what a lot of stuff means, the terms that go with it and the decisions to take.

I can see that I am going to have to do a lot more research before I can realistically think about taking that first step.

Cos not knowing what you’re doing,…[Read more]

The property isnt a dud and is in a good area I reckon. I am not sure of rental returns exactly but increasing the loan will cause the gap between the rent and the loan to widen substantially I reckon.

I know this can be offset against tax (although a bit of a noob when it comes to it so not sure of the exact pros and cons).

This is why i am…[Read more]