Yes but it that is one investment buyer to another, so not relavant to the question. I can't understand people who buy properties and don't live in them themselves
Had a house rented out for 10 years to the same fella - no issues and he bought the house off me - moved the money into bikes and have made more money over the last 6 years than if I had put it back into property (on paper only before the Brad starts as I have not sold anything yet) So yes, I can't understand people not investing in bikes that invest in property
So yes, I can't understand people not investing in bikes that invest in property [/QUOTE] need liquid cash to invest in bikes unless you know a bank thats lending on low interest rates to buy em ?
need liquid cash to invest in bikes unless you know a bank thats lending on low interest rates to buy em ?[/QUOTE] Yes, true to a point - but you need a large deposit for buy to let I think. Also banks do lend at low rates currently too and the lending rate would be offset easily by zero tax on your investment you just have to buy the right bikes at the right time which isn't always so easy.
What about people who do both? And I'm not talking the CX500, AJS or the Virago... Albeit I double my money on the CX500, 2.7x on the AJS and tripled it on the Virago. I'll be doing well I manage that with my 998 and 749R.
After receiving a little bit more detail this morning, It now also transpires that the current tenant is moving out and another new tenant is moving in in january. No info on how long the new tenancy is for so I've told my lad to walk away. Also going to see him tomorrow so looking to draft up a checklist of questions that need be asked to agent and or seller so we can hopefully save hime wasted time and money.
It's not unusual to have a shorthold tenant during the process of a sale..... It wouldn't put me off.
not that the cost of this house is any of our business but it would be great to see a link to this property for sale, just to see if the vendor is pulling a fat one or if you have misinterpreted the details
How do they know the current tenant wont stay put? If you are selling your property why would you renew or take out a fesh tenancy?
i suspect the details are clear and this property has been listed as "ideal investment opportunity" i.e.: advertised as already rented so possibly the O.P got a bit confused ? also if its leasehold what lease is left on it ? that should be clear in the advert
I am sure there must be other properties for sale with no tenants moving in etc, plenty more fish in the sea as they say.
