My First proper Job - and quetions

[Pedroski]

ATC1983, are you serious about the Buy To Lets? Them BTL mortgages can be pretty hard to get at the moment. I was reading the other day about a bloke who is having bank trouble. He went into BTL after being made redundant from a factory job. Ended up with 8 or 9 properties, all rented out, then ran into problems when a couple of tenants got behind on rents. Meant he went 2 months behind on mortgage payments and now the bank have taken control of the properties and are taking the rental income. They won't let him sell them!

[ATC1983]

Yip, totally. I think whether or not it can be made a go of depends on where you are in the country. Fortunately and unfortunately I live in Northern Ireland meaning properties are dirt cheap. A mostly modernised, but fully rentable house is 'selling' down the street from me at £29,000. It isn't budging - I expect it would go for £25,000. At 20% deposit, or 5K, the mortgage, rates and H insurance would be under £220 odds a month and I could get £350 min from the Housing Executive (in NI landlords can still get the rent paid to them unlike England). I know I could also try to rent house at £400 but £350 minimum would be on the cards, guaranteed money. I had a large amount of cash saved but I stupidly invested them in shares which let's just say have panned, so I need a different, more conservative investment approach. If my investment had paid off, I would never even dreamed of anything like going into gardening, and would have maybe 6/7 properties before I hit 29 - in September.

[likeitorlumpit]

Yip, totally. I think whether or not it can be made a go of depends on where you are in the country. Fortunately and unfortunately I live in Northern Ireland meaning properties are dirt cheap. A mostly modernised, but fully rentable house is 'selling' down the street from me at £29,000. It isn't budging - I expect it would go for £25,000. At 20% deposit, or 5K, the mortgage, rates and H insurance would be under £220 odds a month and I could get £350 min from the Housing Executive (in NI landlords can still get the rent paid to them unlike England). I know I could also try to rent house at £400 but £350 minimum would be on the cards, guaranteed money. I had a large amount of cash saved but I stupidly invested them in shares which let's just say have panned, so I need a different, more conservative investment approach. If my investment had paid off, I would never even dreamed of anything like going into gardening, and would have maybe 6/7 properties before I hit 29 - in September.

 

Live your dream man

On the subject of evergreen 80

I have many times put this down and seeded at the same time

Lawns come up a treat- don't listen to the old women

Also- don't undercut us guys too much

You'll discover when you get a bit more experience why we charge what we do:sneaky2:

You need tickets/insurance/transport/blah blah so watch out doing it for peanuts

[miker]

i would stick to office work if i was you