SMF - Just Installed!

Buy to Let still A Great Option

Started by Frank, December 15, 2008, 04:18:30 PM

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Frank

http://news.bbc.co.uk/1/hi/england/oxfordshire/7774842.stm

Don't know if you guys saw this report over the weekend but this is why buy to let is still a valid and working source of income, a lot of people want cheap rental accomodation and all it takes is a little research into where to buy.

Anyone got some tips (other than oxford of course) :)

I currently have properties in Nottingham for students and "touchwood" they get taken every year I think any moderate university city is gonna be a safe bet.

propertyfag

I've always maintained that BTL is a great way of building equity if you buy the "right" property.

I read an interesting article earlier, where some random woman had made a shitload of money from BTL. Her tip was:

Quoteavoid the kinds of areas popular among bankers and City workers. Go where the money is... look for nurses, teachers, social workers.

I agree.

propertyfag

Those that work in the public sector are unlikely to lose their jobs during the credit crunch, unlike city slickers...

Frank

Very true, there will always be students that's why they are a good place to put an investment.