This couple of 60 year old maths teachers, used the BTL bubble to amass 900 properties, mainly 2-3 bed new builds in Ashford area - all from an original outlay of £10K. At the peak their fortune was estimated at £250mill. and they expected to reach £1 billion as they had a simple formula for success - house prices will double every 7 years.
Still buying in 2008, they can no longer roll over the cheap 4.5% loans and will start selling in 2009. They admit the game is over but expect to come out of it with a sizable fortune intact. Will be interesting to follow this couple over the next couple of years. Will their sums add up. I see plenty of red ink.
http://www.housepricecrash.co.uk/for...hp/t90235.html
Still buying in 2008, they can no longer roll over the cheap 4.5% loans and will start selling in 2009. They admit the game is over but expect to come out of it with a sizable fortune intact. Will be interesting to follow this couple over the next couple of years. Will their sums add up. I see plenty of red ink.
http://www.housepricecrash.co.uk/for...hp/t90235.html
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