He sells branded screws and bolts to nlel1975 and is on track to be a billionaire by June.
Can you also see the biff in my hand whilst I'm chilling watching car videos during the day on a Tuesday?
#kingtroll
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Yea but as house prices continue to rise. Even if you haven't made a huge profit off the rent. The rent has at a minimum paid for the mortgage and if you decide to sell, the house/flat should be worth more than what you originally purchased for. So you are still quids in!
Caporegime
I do love a good woe is me landlord story. My house hasn't gone up in value very much. Oh no. So a house that you put a small % into when you bought it and had someone else pay off for you hasn't sky rocketed in value. My heard bleeds. If you are using it purely based on the market appreciating or have an interest only mortgage then more fool you.
I say this as a landlord as well. I fully admit that being a landlord is generally a great ruse. We make very little every year from the property and most of the money goes back into maintaining it. What we will have in about 10 years is a house worth probably £600k that we pay no mortgage on, take in good rent and could sell for a large amount of money if we needed/wanted to. And we will have done very little in the grand scheme of things to earn that. Put in a deposit 15 years ago, pay a management company to handle it for us and then spend a few days a year on admin and maintenance and upkeep.
The whole system is a mess when it comes to housing. The house we bought shouldn't have gone up as much as it has in the time we have owned it.
I say this as a landlord as well. I fully admit that being a landlord is generally a great ruse. We make very little every year from the property and most of the money goes back into maintaining it. What we will have in about 10 years is a house worth probably £600k that we pay no mortgage on, take in good rent and could sell for a large amount of money if we needed/wanted to. And we will have done very little in the grand scheme of things to earn that. Put in a deposit 15 years ago, pay a management company to handle it for us and then spend a few days a year on admin and maintenance and upkeep.
The whole system is a mess when it comes to housing. The house we bought shouldn't have gone up as much as it has in the time we have owned it.
That's a risk assessment you made. Is it the worth the greed kicking out a good tenant for the current market rate but end up with a nightmare tenant? Or even worse a tenant that stops paying and trashes the place. Lets not pretend you did it out of the goodness of your heart.
Caporegime
Exactly. I think nvp is just playing dumb tbh for the game here.
I do imagine running multiple rents alone would be hard work, full time job keeping up with repairs etc. Cash flow might not always be great but after 30 years your looking at 10x, at least, other peoples financial investment... Lol
Renting is a mugs game. Every landlord knows it.
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Caporegime
I know sorry.I've literally stated I purchased the properties as an investments, as my pension.
You're right. I take that back. i wish you didn't come across as a nice bloke i almost want you to just say **** off losers. I'm all right jack. Don't entertain us fools.
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I've literally stated I purchased the properties as an investments, as my pension.
Not any more, your ex-wife took half.
Your such a bizarre person, lol.All you landlords - if your not in it for a profit let people on here rent for for free (As long as they pay for repairs e.t.c).
yeh... thought not.
Which post?
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99.9% of overclockers forum users. Sue me.
Don't hate the player buddy.I can imagine with only 6% return and all the capital tied up
She also took my kids, gonna laugh at that too?
Some people come across as aresholes in this thread, and it doesn't appear to be any of the landlords...
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