Good job, the landlords who go the extra mile with the house always seem to do a bit better getting tenants than the ones who just paint everything magnolia.
The BTL terraces are the way to go for a pension. Some areas in Belfast very close to the main hospitals which are popular with student nurses. £60k for a half decent one and £40k for a fixer upper and they're renting out at £550 all day long. Pay the mortgage off in ten years and it's a no brainer.
Erm it is magnolia peter
You can get a terraced in a decent area for 40/50 grand what needs doing up,rent out for around £450/500 PCM
You can also get a terrace in a rubbish area for about 25/30 grand ,paint it and get a dole dosser in and get around £400 PCM .
I just can't do it,buy one and put some scroat in.
the other 2 I have with the tenents are great,both pay on time and keep the houses clean,one of them gets her mum in 3TIMES A WEEK to clean it,OCD in cleaning.
We have just secured a deposit of the young couple ,so happy days