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I look at my business and I think of my plans for the next five years
With the grace of God I will be 66 in five years time and I look back at the past five years and think how BTL has changed
It feels as though a day doesn't go by when there is not a change of regulations or some form of taxation
I have been buying a few high yielding property for two reasons - on the surface it looks like a good deal 8% yield etc bought at BMV
But am I buying a problem ?
I predict a lot of things in our sector most of it bad and I am sure I drive a lot of PT members mad when I am so negative
My own business view has never been negative but I feel this is changing, even in my own business
We have a Licence scheme on its way and Rent Control within 5 years
Just as this is starting to bite I start taking my pensions
I am so pleased I have made provision for my old age away from BTL
Because I am starting to think Its time to stop building a Business in the UK
I always thought being a Landlord was the perfect job for me
But I am getting weary of the attacks and the changes my business faces day after day
I could fully understand the changes if they were for the better
But I really think 95% of the changes in the past 5 years are making the sector worse ....
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.
I don't think that we should take this personally, the country on a whole is shifting to the left and we are like many others baring the consequences. You only need take a look at how the media is commenting on Mr Trump to see how our country is selling itself short. We need a strong leader to start rebuilding the country and its pride once more, The cycle will turn and the fittest will come out on top.
I have a strong business my cash flow is good and my LTV is around 55%
But I cant see a good future
It would be good to see a change of direction from our masters
The UK is in a bad place your right there
I will stay as a Landlord and work around the changes but its like walking in mud
not much fun just work
``I have a strong business my cash flow is good and my LTV is around 55%
But I cant see a good future``
I always feel its a state of mind for you DL . I wish you didnt see it that way but you do
I can take one letter out of the above statement and it completely changes its meaning
Cant to can .
That statement then more or less describes me
You are still restless and I think if you had 25% LTV and double your cash flow you would still be restless.
Work on that state of mind and you will hopefully find some peace
The money is relatively irrelevant now that you are financially free
Jonathan Clarke. http://www.buytoletmk.com
Thanks for the supportive blogg I know in my heart you are right x
One of the ongoing business exercises any business should do is a SWOT analysis - Strengths, Weaknesses, Opportunities, and Threats.
Have you done one recently for your business DL? And include yourself in the SWOT as you are the driver of that business.
I do this quite a lot I think its important to look at what IFs?? or So Whats ??
When did this happen?
The next five years?
Will continue to develop the business as long as it's still challenging and fun. I personally feel optimistic we can weather the changing political and economic conditions. Not just survive but thrive as others fall by the wayside.
To me, being in business is a bit of an adventure. If it was all plain sailing, would would be the point of it?
Onward and upwards!
LETS MAKE HOMES by treating landlords as partners, tenants as customers & every property as our own."