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Invest in properties now or wait?

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    #21
    Originally posted by eek View Post
    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)
    I think it very much depends on the area. Uk doesn't end on London and there are good growth areas. I think the fastest growing city in UK is Milton Keynes?

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      #22
      Originally posted by GitMaster69 View Post
      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
      It can’t be any clearer. Now is mot the time to buy unless you are getting a heavy discount and k ow why you are buying. Eek explained why above

      Repayment vs interest depends on the gearing you want and the amount of interest you want to pay

      Of you buying a btl now you should be getting 7% plus otherwise not worth the stress

      Comment


        #23
        Originally posted by NowPermOutsideUK View Post
        It can’t be any clearer. Now is mot the time to buy unless you are getting a heavy discount and k ow why you are buying. Eek explained why above

        Repayment vs interest depends on the gearing you want and the amount of interest you want to pay

        Of you buying a btl now you should be getting 7% plus otherwise not worth the stress
        10%+ discount or wait. I want to feel like a shark negotiating price down from position of power ;-)
        Last edited by GitMaster69; 21 October 2020, 17:31.

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          #24
          Originally posted by GitMaster69 View Post
          10%+ discount or wait. I want to feel like a shark negotiating price down from position of power ;-)
          You should be concentrating on a yield of 7% plus. A 10% discount on an overvalued property means nothing

          Do you know why you are buying. Do you just have money to park somewhere or are you trying to hedge against inflation or something else?

          I’m looking to buy in London but I know what I want. A freehold flat with lease due for renewal and a very good yield without the lease extension premium

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            #25
            Originally posted by NowPermOutsideUK View Post
            You should be concentrating on a yield of 7% plus. A 10% discount on an overvalued property means nothing

            Do you know why you are buying. Do you just have money to park somewhere or are you trying to hedge against inflation or something else?

            I’m looking to buy in London but I know what I want. A freehold flat with lease due for renewal and a very good yield without the lease extension premium
            Yeah same area as my Airbnb yielding around 10%. however recent T3 has affected yields unsurprisingly. Playing the long game.

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              #26
              Originally posted by NowPermOutsideUK View Post
              You should be concentrating on a yield of 7% plus. A 10% discount on an overvalued property means nothing

              Do you know why you are buying. Do you just have money to park somewhere or are you trying to hedge against inflation or something else?

              I’m looking to buy in London but I know what I want. A freehold flat with lease due for renewal and a very good yield without the lease extension premium
              is a freehold flat possible?
              is freehold in London possible?
              See You Next Tuesday

              Comment


                #27
                Originally posted by Lance View Post
                is a freehold flat possible?
                is freehold in London possible?
                it's possible if you buy freehold off the landlord. There are regulations but basically you need to convince 50% of building's leaseholders to buy it I believe

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                  #28
                  Originally posted by Lance View Post
                  is a freehold flat possible?
                  is freehold in London possible?
                  Many are available. Think of a house converted to two with upstairs sold off on a lease. Then downstairs wants to sell so you can buy the freehold interest

                  Mind you mortgaging a freehold flat is not easy but you can grant yourself a lease and keep the freehold. Done it a few times

                  Comment


                    #29
                    Originally posted by NowPermOutsideUK View Post
                    Many are available. Think of a house converted to two with upstairs sold off on a lease. Then downstairs wants to sell so you can buy the freehold interest

                    Mind you mortgaging a freehold flat is not easy but you can grant yourself a lease and keep the freehold. Done it a few times
                    my dream is to trade properties as main job one day

                    Comment


                      #30
                      Originally posted by GitMaster69 View Post
                      my dream is to trade properties as main job one day
                      7% yield - wow, you are a long time deed counting a 7% yield, comparing with the fun you could have with the capital with your family and friends

                      You might be the richest man in the graveyard


                      Sent from my iPhone using Contractor UK Forum

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