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  • Property-a-holics

    What year did you buy your first & last BTL?

    Thought it would be interesting to see how long we've been in the game?

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    Criteria: a residential property that was bought solely with the intention of renting out, you never having lived in it.
    If you haven't bought one yet, what year do you plan on doing so?
    >>>

    My first one was in 2004.
    Last one in 2011.
    Not sure there will be another!

    I don't own the first one, sold that in 2007 or so and broke even (not including my light refurb time), still own the one bought in 2011 and plan on paying off mortgage to keep it.

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    My first purchase was in 2004.

    Last one 2009.

    Not sure there will be another one!

    Still own the first BTL purchased in 2004, but have sold four properties over the past 6 years or so.  Last sale about three years ago.  Not planning on selling any more in the foreseeable future.

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    Interesting that you always advise posters to never sell a property Vanessa, the whole milking cows and taking cuttings from trees story... And yet that is actually what you have been doing.

    I'm sure you had your reasons, just interesting to read this post from you.
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    For sure, and I regret having to sell those properties, but of course had valid reasons at the time and the circumstances to hand and the decision was not taken lightly.  

    Two had massive service charges that I found a struggle to pay so we sold them, one was a very poor performing property and was a constant hassle, and the other we sold to have some money to develop Property Tribes.

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    wow Vanessa, I’m so surprised to hear this. Can I ask why you choose not to buy more properties since 2009? Is there something else you invest in instead?
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    Hi Kay, 

    Essentially we ran out of cash for deposits and it became much harder after the financial crash and the introduction of the PRA to grow a portfolio.  I don't invest in anything else, other than investing my time in helping Nick build Property Tribes as a business (which was never intended to be a business when he founded it for me to chat to my property friends, but has grown into one).

    ​I am starting to think about investing in gold, and am currently researching that.

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    Thank you for your reply Vanessa, and all your contributions on PT. It certainly is a major business now! I’m sure that leaves very little time for your own investments. I appreciate you sharing.
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    i'm fairly new to this.. focus on new builds in prime locations mainly Beds, Bucks and Herts

    My first purchase was in 2005 as residence that we converted to a BTL in 2013.

    Last one July 2019.

    Two more completing beginning next year!

    Selling my first one and moving monies to a Limited company, Not planning on selling any more in the foreseeable future.

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    AR


    I’m fairly new 

    My first property was bought in 2015 

    Last property this week 

    Haven’t sold any and not planning to. I have opened a company to purchase more property focusing on houses that need a refurb and then re mortgaging realsing the equity 

    I’m planning on buying more properties in the futures to fund a pension and some spare change .
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    My first was in 2005.

    My last was 2017.

    Although my first purchase was in 2002, where I let rooms to lodgers while I also lived there; but that doesn't count with your criteria.

    I'm looking for another at the moment.

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    My first was in 1998

    My last was in 2015 (built 6 houses and still have 2)

    Next one....will be building them next year
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