Invest in properties now or wait? Invest in properties now or wait? - Page 2
Page 2 of 6 FirstFirst 1234 ... LastLast
Posts 11 to 20 of 51
  1. #11

    Super poster

    fullyautomatix's Avatar
    Join Date
    Feb 2010
    Location
    Gaul
    Posts
    4,809

    Default

    I can confidently predict that the market might go up or might go down.
    Vote Corbyn ! Save this country !

  2. #12

    Godlike

    ChimpMaster's Avatar
    Join Date
    Jan 2006
    Location
    Here There and Everywhere
    Posts
    5,935

    Default

    Quote Originally Posted by fullyautomatix View Post
    I can confidently predict that the market might go up or might go down.
    You could be wrong - it might stay the same.

  3. #13

    Godlike

    ChimpMaster's Avatar
    Join Date
    Jan 2006
    Location
    Here There and Everywhere
    Posts
    5,935

    Default

    Quote Originally Posted by GitMaster69 View Post
    I've good warchest currently , thinking of buying 2x BTL in North West. Was thinking if, maybe, anyone got some insights on where the market is heading, or have an interesting article to read on the topic (recent).
    I know brexit is coming and theres ongoing pandemic and T3 lockdown so was thinking to lowball on some properties perhaps , however the prices seem quite stable.
    Also buy when everyone is fearful..
    Buy if you get a good deal and if the numbers work for you.

    Prices could well come down, but what if they don't? And so what if they do? So long as your money is working for you and earning a return - that is what counts.

    I bought a property in 2007 for £165k. Its value fell to a low of £120k in 2011, but I couldn't have predicted that. In any case, the price fall didn't impact me. The house was rented out at £9k a year so over those 4 years it had returned £36k back to me anyway. Now that same house is worth £250k and is earning me £11k a year. If I had tried to time the market then I might not have bought at all, and would have missed out on all those years of income.

    Having said that, I am in a position that I have a reasonably healthy portfolio and I am personally not in any rush to buy any more. I will be waiting, unless I see a great deal. I saw one such deal 2 months ago but Paragon wouldn't lend on it (the fools), so I let it go. I do see the market cooling off next year - but predictions rarely come true when everyone is expecting the same thing.

  4. #14

    Still gathering requirements...


    Join Date
    Aug 2020
    Posts
    86

    Default

    Quote Originally Posted by ChimpMaster View Post
    Buy if you get a good deal and if the numbers work for you.

    Prices could well come down, but what if they don't? And so what if they do? So long as your money is working for you and earning a return - that is what counts.

    I bought a property in 2007 for £165k. Its value fell to a low of £120k in 2011, but I couldn't have predicted that. In any case, the price fall didn't impact me. The house was rented out at £9k a year so over those 4 years it had returned £36k back to me anyway. Now that same house is worth £250k and is earning me £11k a year. If I had tried to time the market then I might not have bought at all, and would have missed out on all those years of income.

    Having said that, I am in a position that I have a reasonably healthy portfolio and I am personally not in any rush to buy any more. I will be waiting, unless I see a great deal. I saw one such deal 2 months ago but Paragon wouldn't lend on it (the fools), so I let it go. I do see the market cooling off next year - but predictions rarely come true when everyone is expecting the same thing.
    Do you have interest only or repayment ?

  5. #15

    Should post faster


    Join Date
    Sep 2020
    Posts
    188

    Default

    Quote Originally Posted by GitMaster69 View Post
    Do you have interest only or repayment ?
    What difference would that make to the discussion? Its all about price paid and yield you can obtain. I personally always use unencumbered properties to borrow against and then buy in cash and then repay the mortgage quickly but thats not part of the discussion.

  6. #16

    bored now

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    26,493

    Default

    Quote Originally Posted by NowPermOutsideUK View Post
    What difference would that make to the discussion? Its all about price paid and yield you can obtain. I personally always use unencumbered properties to borrow against and then buy in cash and then repay the mortgage quickly but thats not part of the discussion.
    I suspect it does because it's getting harder to find Interest only BTL mortgages (because frankly the risk is incorrectly priced in those circumstances).
    merely at clientco for the entertainment

  7. #17

    Godlike

    ChimpMaster's Avatar
    Join Date
    Jan 2006
    Location
    Here There and Everywhere
    Posts
    5,935

    Default

    Quote Originally Posted by NowPermOutsideUK View Post
    What difference would that make to the discussion? Its all about price paid and yield you can obtain. I personally always use unencumbered properties to borrow against and then buy in cash and then repay the mortgage quickly but thats not part of the discussion.
    True. It shows he has no appreciation of what is going on here and the time it takes to post all this info.

    I'm out.

  8. #18

    Respect my authoritah!

    NotAllThere's Avatar
    Join Date
    Aug 2007
    Location
    Far away from HMRC
    Posts
    23,778

    Default

    Timing the market is a mug's game.
    Down with racism. Long live miscegenation!

  9. #19

    bored now

    eek's Avatar
    Join Date
    Jun 2010
    Location
    😂
    Posts
    26,493

    Default

    Quote Originally Posted by NotAllThere View Post
    Timing the market is a mug's game.
    True but you still have to look at fundamentals:-

    1) is there much chance of capital appreciation (Nope)
    2) is the annual return before appreciation worthwhile (Nope)
    merely at clientco for the entertainment

  10. #20

    Still gathering requirements...


    Join Date
    Aug 2020
    Posts
    86

    Default

    Quote Originally Posted by ChimpMaster View Post
    True. It shows he has no appreciation of what is going on here and the time it takes to post all this info.

    I'm out.
    I read all your posts.
    You have portfolio of properties.
    What’s your take on interest only vs repayment BTL mortgages ?

    There’s good supply of properties in the area I’m watching at the moment (with none for sale 6 months ago). They didn’t seem to sell during stamp duty holidays. At the same time I don’t want to miss the boat when it will turn out the sun still comes after Brexit and it’s not as bad as everyone thought . So right now observing and weighting my options, collecting opinions, doing market research etc
    Last edited by GitMaster69; 21st October 2020 at 16:47.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •