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Post by patty on Oct 31, 2019 10:18:15 GMT
Amazing pics again John...they r lovely boats/ships whatever...
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Post by ianali on Oct 31, 2019 15:40:51 GMT
I decided to sell one of my rental properties. Too many eggs in one basket, governments of all colours hate buy to let landlords, I can only see future governments making things even more difficult. Anyway, east Manchester, rough. The agent said it should sell easily but they all say that don't they? I was a bit sceptical but thought I'd give it a go. The agent wasn't kidding! 12 viewings in a week resulting in 3 offers, 2 of them at full asking price. Another 5 viewings tomorrow during which the agent will attempt to secure offers above the asking price. I was expecting very little activity. What, with the uncertainty around Brexit, everyone apparently being skint etc. but the truth is the opposite of this, more viewings and offers than during the heady days of the 80's when everyone was gazumping each other. What's going on? Well there is a housing shortage. Priced correctly houses near me sell quickly. As to to many eggs in one basket, where do you intend reinvesting your money?
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Post by thebfg on Oct 31, 2019 17:36:22 GMT
Does the house have Tenants?
Are the people viewing it wanting to live in it or are they buy to let landlords as well?
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Post by Jim on Oct 31, 2019 18:28:56 GMT
Does the house have Tenants? Are the people viewing it wanting to live in it or are they buy to let landlords as well? I doubt you'd get as much with a tenant, anyway just chuck em out, no rights after 6 months, 2 months notice. Gone. If it goes too quick it was too cheap.
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Post by Clinton Cool on Oct 31, 2019 18:34:00 GMT
I decided to sell one of my rental properties. Too many eggs in one basket, governments of all colours hate buy to let landlords, I can only see future governments making things even more difficult. Anyway, east Manchester, rough. The agent said it should sell easily but they all say that don't they? I was a bit sceptical but thought I'd give it a go. The agent wasn't kidding! 12 viewings in a week resulting in 3 offers, 2 of them at full asking price. Another 5 viewings tomorrow during which the agent will attempt to secure offers above the asking price. I was expecting very little activity. What, with the uncertainty around Brexit, everyone apparently being skint etc. but the truth is the opposite of this, more viewings and offers than during the heady days of the 80's when everyone was gazumping each other. What's going on? Well there is a housing shortage. Priced correctly houses near me sell quickly. As to to many eggs in one basket, where do you intend reinvesting your money? Gold, premium bonds and an isa. All low yields but will keep me ticking along nicely until my pensions kick in. I'm done with getting the highest possible yield, which comes with lots of hassle.
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Post by Clinton Cool on Oct 31, 2019 18:35:55 GMT
Does the house have Tenants? Are the people viewing it wanting to live in it or are they buy to let landlords as well? There's a tenant in place who had a section 21 notice in August, becomes operational today. I'd prefer to sell to another investor if possible so the tenant has the possibility of staying there. 2 of the offers are from investors.
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Post by ianali on Oct 31, 2019 18:48:34 GMT
Well there is a housing shortage. Priced correctly houses near me sell quickly. As to to many eggs in one basket, where do you intend reinvesting your money? Gold, premium bonds and an isa. All low yields but will keep me ticking along nicely until my pensions kick in. I'm done with getting the highest possible yield, which comes with lots of hassle. Sounds similar to us. Although we could put savings to better use it would be a hassle. Donβt need hassle. I like premium bonds, itβs the only gambling I do(apart from with Roger). Think since we brought bonds they have given us about 1.9% winnings, so up there with decent back rates. Beginning of each month we spend what we win on a meal out. Itβs fun.
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Post by thebfg on Oct 31, 2019 19:27:07 GMT
Does the house have Tenants? Are the people viewing it wanting to live in it or are they buy to let landlords as well? There's a tenant in place who had a section 21 notice in August, becomes operational today. I'd prefer to sell to another investor if possible so the tenant has the possibility of staying there. 2 of the offers are from investors. Cheers, I was just wondering if it's the buy to let market that is doing well rather than the whole property market
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Post by Clinton Cool on Oct 31, 2019 19:31:41 GMT
There's a tenant in place who had a section 21 notice in August, becomes operational today. I'd prefer to sell to another investor if possible so the tenant has the possibility of staying there. 2 of the offers are from investors. Cheers, I was just wondering if it's the buy to let market that is doing well rather than the whole property market My best guess is that it's both. But I hear stories of doom and gloom elsewhere so it might be a localised thing. Perhaps Manchester might go the same way as London eventually, big money for everything everywhere, even in shithole areas, the higher demand being due to the fact that it's relatively affordable at the moment.
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Post by Mr Stabby on Oct 31, 2019 19:36:37 GMT
Does the house have Tenants? Are the people viewing it wanting to live in it or are they buy to let landlords as well? I doubt you'd get as much with a tenant, anyway just chuck em out, no rights after 6 months, 2 months notice. Gone. Surely a proper Labour party supporter should be campaigning for better rights for tenants, rather than encouraging their exploitation by the property-owning classes?
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Post by naughtyfox on Oct 31, 2019 19:58:36 GMT
Invest in fridge trailers. Several coming up for auction soon.
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Post by Clinton Cool on Oct 31, 2019 19:59:50 GMT
A proper Labour supporter would also realise that food is just as essential as housing. It would therefore be wrong for people to profit from supplying food and so, Tesco, Sainsburys etc. etc. would be brought into public ownership so the collective would profit, rather than individuals.
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Post by Jim on Nov 1, 2019 5:55:01 GMT
A proper Labour supporter would also realise that food is just as essential as housing. It would therefore be wrong for people to profit from supplying food and so, Tesco, Sainsburys etc. etc. would be brought into public ownership so the collective would profit, rather than individuals. We have already, its called The Co-op. Join and reap the benefits.
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Post by Jim on Nov 1, 2019 5:58:05 GMT
I doubt you'd get as much with a tenant, anyway just chuck em out, no rights after 6 months, 2 months notice. Gone. Surely a proper Labour party supporter should be campaigning for better rights for tenants, rather than encouraging their exploitation by the property-owning classes? What I do and what the bare legalities of the situation are presented in a cynical manner, are two different things. π
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Post by Clinton Cool on Nov 1, 2019 7:11:49 GMT
A proper Labour supporter would also realise that food is just as essential as housing. It would therefore be wrong for people to profit from supplying food and so, Tesco, Sainsburys etc. etc. would be brought into public ownership so the collective would profit, rather than individuals. We have already, its called The Co-op. Join and reap the benefits. All well and good to share in the profits. Buying stuff from there, with the eye watering prices, is another matter. It's a relief that all smallish towns aren't dominated by Co-op supermarkets. Otherwise, food banks, already a burgeoning industry, would need to go into overdrive.
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