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Just for you dear DL ...
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Revisit your property aims. Get yourself among positive forward-thinking like-minded property investors
And if you need to, change your mind!
[PS Just about to check with my agents that they have client money protection!!]
best wishes to All Tribers
I enjoyed that fairy godmother
for the first time in a number of years I am seeing the light
I think opportunities will come
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Residential property has become too political.
The Political Parties want the votes of the tenants as they form a large percentage of the population and landlords will continue to be the whipping boys.
My reaction at the moment is to buy commercial property in a limited company and use the profits to pay the s.24 tax
Next I plan to put up my rents as they are way behind open market rents.I have too many housing benefit tenants paying 525 when I could be getting 700 - 725.
Switch btl to holiday let's
Next leave the country as I plan to live in Portugal. I can then sell some btls and pay very low cgt rates. I will then use the money to pay down the debt on my commercial investments.
My exposure to btl and politicians in particular will then seriously be reduced and I might find a bit more peace in my life
The fact that s 24 was introduced on a retrospective basis is totally disgraceful and it just makes me think that all Politicians are like Alan B'Stard .They can't be trusted any further than you can throw them .
It seems at the moment they are creating laws because they have nothing better to do
It makes more sense to spend time in an activity that is encouraged by the government rather than one that is constantly under attack .
I can see that s 24 could be revered for housing benefit tenants because the Government are going to be in trouble if they don't.
Interested to know how you are going to reside in Portugal when we are leaving the European Union ( Well that's the plan apparently)
I don't think leaving the EU affects a UK citizens ability to become a portugese resident unless you know something I don't.
Readers - please take the latest RLA Pearl survey to share your views on the health of the private rented sector:RLA Quarterly Survey Q1 2019
Everybody needs somewhere to live and social housing is running dry.
Ultimately, in time:
PRS - SH= -S24 + LL >