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At current rental yields there really isn’t very much rent left when you take maintenance, voids, interest and taxes into account.
No, not immediately but rents go up over time too. Obviously recent tax changes and interest rate rises make it far less attractive but residential property done carefully remains a sensible thing if that’s what you fancy.
Hefty-
residential property done carefully remains a sensible thing if that’s what you fancy
I think the vast majority of people already have enough (or indeed too much) residential property exposure through their primary home.
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Dunno, having been there and done that it was a lot of work and stress for what ultimately were pretty average returns.
For any old fool to do really, really well at it they’d need to go back in time at twenty five years.
NickCJ
Howard
BTL debt has personal recourse so from a risk perspective it’s the same as clearing out the offset account on your primary residence to buy equities. Or portfolio margin loans (which do exist).
At current rental yields there really isn’t very much rent left when you take maintenance, voids, interest and taxes into account.