OT - Renting Out Property
On 06/08/12 10:26, TheScullster wrote:
Hi all
From posts to the group in the past, it is clear that a number of posters
own property for rental.
Is the market saturated after all the buy-to-let hype of recent years?
Is it a worthwhile investment if starting now(ish).
I am likely to be in a position to take on a property (finances permitting)
this year and wonder if this would be a good move in the current climate.
The property is 3 bed semi in decent area - I am guessing at purchase price
of around �150k and rental �500 pcm possibly more.
Only very tentative interest ATM - not sure I could live with the hassle!
If my figures are right on the rental income, what costs should I expect to
pay out of the �6000 pa income?
How long will you keep the property. You probably wont see a capital
gain for many years. If prices fall then there is a potential loss, even
if you can sit out any drop in prices it may affect the rental value.
--
djc
|