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Comparing the buy to let market
Buy low, sell high has always been the maxim. Invest against the flow. In that case, with headlines warning of apocalyptic property crashes and a mortgage crisis, could it really be a good time to be investing in bricks and mortar?
Experienced landlord James Fraser characterises the buy-to-let frenzy of recent years as being made up of two types of investor.
First, there are landlords like himself whose prime concern is finding property where the rental income covers the cost of the mortgage and delivers a small profit on top.
These gains are religiously accounted for, saved and hoarded against future rises in mortgage rates or other unforeseen expenses - and to fund future investments.
'For most serious landlords, income and cashflow are the prime concern,' says James, 40, who was an actor before becoming a full-time landlord.
The other type of landlord, he says, is the more speculative and often less experienced investor who bought property hoping to profit purely from its rise in price.
Seduced by the claims of property clubs, such as the now defunct Inside Track, many hoped to profit from owning a property even before it was built. That kind of speculation worked for some, James admits, though it has been the ruin of others (see below, right). Full article
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07-09-2008, 05:32 AM #2
Condominium
- Join Date
- May 2008
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thanks for sharing this wonderful write up.by reading this i got new ideas that can be use in business.hoping that it will work hehe..
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