E90Post
 


PYSPEED
 
BMW 3-Series (E90 E92) Forum > BMW E90/E92/E93 3-series General Forums > Regional Forums > UK > UK Off-Topic Discussions > Moving House....How Stressful!



Reply
 
Thread Tools Search this Thread
      08-04-2010, 06:45 AM   #23
MB London
Come as you are
 
MB London's Avatar
 
Drives: F10 520d M-sport
Join Date: Mar 2009
Location: London

Posts: 1,140
iTrader: (0)

Quote:
Originally Posted by KadeSdad View Post
Wise words re interest rates Roger. If we can get the rental advertised (or near to it) then it would be 35% above the mortgage, so we would have a bit to play with. Sounds strange but I don't want to make any money from the rental (personal tax reasons etc) and don't even mind having to chip in a small amount extra on top of the rental to cover the mortgage (if it ever came down to it).

More making sure of the right tenant that is worrying. Even though the agent won't allow people to view if their annual income isn't three times the annual rent still doesn't mean that it won't get trashed. Obviously there is wear and tear and tenants rights etc.....I don't know maybe I am best shot of it and hang out for a sale
Donít be a wimp, retain the property. Bricks and mortar will out perform any investment in the long term. If you have a good property in a good area, it will rent easily - our population is growing and quality accommodation will command a premium. One thing you MUST do is lose you emotional ties with the property and view it as a pure commercial entity - easier said than done, I know - but its how its got to be
MB London is offline   United Kingdom
0
Reply With Quote
      08-04-2010, 07:02 AM   #24
KadeSdad
Colonel
 
KadeSdad's Avatar
 
Drives: E350 CDI Sport Cabriolet
Join Date: Mar 2009
Location: UK

Posts: 2,072
iTrader: (3)

Quote:
Originally Posted by MB London View Post
Donít be a wimp, retain the property. Bricks and mortar will out perform any investment in the long term. If you have a good property in a good area, it will rent easily - our population is growing and quality accommodation will command a premium. One thing you MUST do is lose you emotional ties with the property and view it as a pure commercial entity - easier said than done, I know - but its how its got to be
Totally understand where you are coming from, and yes it would be the best thing to do for the long term. What I don't want it to become is just another pain in the arse to deal with every time problems occur (which I am sure they will). I know a management company will be looking after everything, but I don't want to have to end up managing the management company.

Like I said in an earlier post, which ever comes first i'll take, be it a sale or a tenant. For now I need to try and manage the move and enjoy the new house.

Cheers mate
KadeSdad is offline  
0
Reply With Quote
Reply

Bookmarks

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump


All times are GMT -5. The time now is 10:08 AM.




e90post
Powered by vBulletin® Version 3.7.0
Copyright ©2000 - 2014, Jelsoft Enterprises Ltd.
1Addicts.com, BIMMERPOST.com, E90Post.com, F30Post.com, M3Post.com, ZPost.com, 5Post.com, 6Post.com, 7Post.com, XBimmers.com logo and trademark are properties of BIMMERPOST