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  • Buy-to-Let

    Let's hear your CURRENT BTL success stories!

    Thanks Toby - really helpful information. Was there a particular lesson from the 2009 property that ended up in negative equity? Anything you would have done different now with more experience?

    I'm pleased to hear it worked out in the end!

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    Yes definitely, I got carried away and broke my rule of not buying where I would want to live.

    Beware of cheap property, prices can go down even on a 40k property and stay below what you paid for many years. Yields are not what they seem on these props with repairs soon wiping out any profits. A boiler will roughly cost the same on a 200k prop as a 40k one!

    Money can still be made on these but you may need to be very hands on or have a VERY good agent!

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    1) Did  4 trips to the tip in the 30 degree heat recently doing a house clearance . Normally i just pay someone 150 quid to do stuff like that but I decided to do it myself to maintain fitness as going to the gym doesn't do it for me .  So I get fitter and the satisfaction of getting paid 150 quid myself for launching a glazed bedroom door into a metal  container unit and hearing all the glass smash is beautiful .

    2) Selling a house to a cash buyer. I had a figure in my mind but at the last second I upped it 5K . Beautiful

    3) Looking at a 150K property I`m hoping to get for 120K . Very motivated seller . Beautiful

    Life is an attitude of mind . Train your mind

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    Jonathan Clarke. http://www.buytoletmk.com

    I enjoy seeing the New Landlord strategy

    Can you please do some interviews with the Younger Members of our community ?  Young Joe  for instance - I would be really interested to see and hear their views of the BTL world in 2019 and the results of using a company strategy

    An old dog can learn new tricks and I want to learn

    I have received a lot of feedback when I appeared on PT so can we see more faces behind the threads?

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    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.


    Good shout DL!

    Maybe its time for another "Young Entrepreneurs Week" or a new week ... "Young Landlords Week"?  If anyone reading this would like to sponsor it, please get in touch.

    Here's a reprise of last year's YE Week:

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    Don't leave out the middle-aged! Perhaps we can do landlord goals through the generations?

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    Hi Horrocks,

    I'm an old timer who recently bought a new buy to let property - the purchase completed in June.  I was going to buy several but can't find anything on the market locally that's not £20k more, which is pleasing in one way!

    Success is very hard to measure with new investments of course.  I just happened to read and contribute to a thread on PT about premium bonds: the OP was saying he'll let us know of his success over time but only started a few months ago, so it's hard to measure and of course one person's luck or otherwise is not statistically significant, other than to them!

    As the thread about premium bonds happens to be on my mind, it's interesting to consider the similarities in the discussions: Yes, it can be encouraging to hear of others' successes; and yes, everyone agreed they do it because it suits them, it's fun and they hope to win at least modestly!

    You're getting into BTL because you're excited about it, it suits you, you've presumably heard encouraging things that have led you to choose it; and statistically, the probability is that, assuming you have average sense and invest in an average area, then you'll do averagely well in BTL, which I believe is still better than most investments - including premium bonds!!

    Good luck!

    Angela

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    Author of The Complete Guide to Property Strategies and The Complete Guide to Property Investing Success
    Learn more at http://www.completepropertysuccess.co.uk

    I also post property updates on my Facebook Page

    "It is the small decisions you and I make every day that shape our destiny" Anthony Robbins


    Bought a three bed semi with conservatory and garage for £127.5 three years ago. This year I remortgaged it for 75% of £180k and used the extra money as most of the deposit on a 2 bed bungelow on the dge of the Peak District.

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    Got keys to a house recently and could not believe my luck, I literally fought with a relative to get it, what a bonus a free Big Mac at mcds thing from monopoly board great times
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