Maybe email admin @ propertyinvesting.com – that way the request should definitely be seen? Unless Steve has already responded – at which point I’ll shut up[blush2]
Guys, I haven’t been investing whilst interest rates were 17-18% (I was school), but remember that at that same time inflation was at 10-11%, so ‘real’ interest rates weren’t that bad – really!!
I believe people did struggle, and would think that less people could afford to buy, therefore increasing the supply of tenants, increasing…[Read more]
If you are staying in England for any length of time, why not invest there?
Otherwise, with your income, you could probably ‘quite easily’ afford to buy several growth properties that will be -vely geared, and require some cash from you. I don’t know what the tax situation is for you, and whether you can claim any losses now, but if you…[Read more]
Miler, as the others have said, do a bit more checking on the other costs.
I like the sound of it as a starter – but what is your strategy? Do you want cashflow, or growth?
Is there any growth for this property? Can rents come down, or will they always go up? IS it furnished, and do you or the company own the furniture? Are you buying from…[Read more]
I’m not saying it’s a problem, but just make sure you do get it in writing. I’ve done it before – on a 30 day settlement, and one I’ve negotiated for my brother is a 6 month settlement, where we have access, but it’s via a much reduced ‘rental’, and we can renovate as much as we like before settlement…
Yes, you definitely need it written into the contract that you want access for renos – you might even need to be specific about what renos you’re going to do.
If it’s not in the contract, then you don’t have a leg to stand on if the vendor wants to get nasty….
Have you had confirmed by a reliable tradesmen that there is a huge problem with the roof? Or is it exaggeration by the PM/Tenant? Not saying to ignore, but definitely get professional advice..