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  • Property-a-holics

    Bang for Buck

    So even Vanessa is saying it's not a good time to buy. Personally, I would if i could find a property at a reasonable price - but round me house prices seem to still be rising faster than rents & I always buy based on rental income. So if not property what should i invest in?

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    So even Vanessa is saying it's not a good time to buy.

    Where did I say that please?

    I am not aware that I said that, and I do not think that.

    See this comment from a recent interview I did about my property journey:

    7. Do you still feel positive about being a landlord?

    Yes, I do. I have always found that, in property, whenever there is a dark cloud, if you look hard enough, you will find a silver lining. Investing in property can never go out of fashion as every single person in this country needs a roof over their head.

    You need to take a long term view - 20 years minimum - and you need to focus on cash flow and positive net yield month on month. You need to surround yourself with a trusted team of advisors which should include a mortgage broker, tax advisor, lettings agent, and solicitor and you need to make wise choices based on due diligence and research.

    Do that, and you will find that being a landlord can be very rewarding and fulfilling on many levels, not just financial.

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    Sorry I didn’t mean to misquote you. I think you actually said something like you were going to ‘wait and see’, I think this is a wise move - and unless I can see equivalent returns to existing properties I have, i’m looking for investment alternatives

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    Thanks for clarification. Smile

    Yes, our strategy could be described as "go into a holding pattern".  We've sold a couple of the poor performing properties over the past couple of years.

    We've reviewed the rest and I am pleasantly surprised at the valuations that have come back.  We've had more capital growth than I realised.  All stock is fully tenanted and the holiday let side of things is doing very well already this year.  I've moved quite a few of the properties onto fixed rates which gives some comfort.

    I am personally focussing on building up my income streams outside of investment, doing some freelance consultancy for industry stakeholders.

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    What are we waiting to see? I see credit availability, data shows rents rising & house prices rising.
    It also shows a level rate of property sales (no mass exodus of landlords or anyone else).

    I do agree with the other point though - do not invest for the sake of investing.
    You should always base your purchase decision on an investment basis - id never invest on the gamble of capital appreciation - rental yield is the key.

    I would suggest if you can not find opportunities in the local market? that is because people are not selling (estate agent windows are quite empty according to data).
    It would therefore be the time to be looking at what is not in windows - the unmortgageable properties. Finding the commercial-to-resi conversions or looking for plots of land to build.

    That's what id be looking at anyway - others finding the issues you describe are heading up north to find opportunities. (Im not a fan of investing in property at a distance).

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    _________________________________________________________________________


    The above post is not financial advice, its often me rambling - passing time on a coffee break.
    If you are looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance.


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    Data. I love data! Thanks Adam, Good provocation, personally only interested in finances purchases. Not sure rents are rising in my area and feel that there is increased competition in the HMO space.

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    It does depend on area and when I say "rents are rising" its not doing that great against inflation. Though lets not get into that much detail Smile

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    _________________________________________________________________________


    The above post is not financial advice, its often me rambling - passing time on a coffee break.
    If you are looking for the Best BTL Mortgage? Call the Specialist Team at Bespoke Finance.


    _________________________________________________________________________

    stay out of the hmo space, that's my space

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    It’s feeling much more like #myspace Smile

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