Mark Powell

Hi, With that amount of capital you have a lot of options. So whilst others will be more qualified to answer than me (have not bought a btl yet) my opinion is below. However even a 5% return on your capital of 350k yields ~1500pcm, though this is gross so doesn't account for tax or any other deductions. So unless you go down the hmo route or a more time intensive strategy such as flips, I wouldn't see a level of net return you are looking for brign viable. Though as I say I haven't got beyond the lesdnjnhrg part of my journey yet so I may learn otherwise! Mark

@jon213 I am curious whether you proceeded with this deal? It seems odd to me that a vendor would be willing to cut so much off the value of the properties to sell all to a single buyer but then I haven't started the buying phase of my journey yet!

The difference being capital repayment or interest only. Btl typically do not repay capital each month which reduces the running costs. Listen to the podcast about leverage (mortgages), not sure what number, but that'll help you understand.

Hi Liam, Well done for being so active with property from such a young age, I wish I had been! One observation I will make is whether your goal is meaningful and clear for you as written? 15 properties worth >80k each giving income (gross or net?) of 600. What part of this is truly important to you? Portfolio value, gross income, number of houses? If you can write that down clearly it should give you focus. For an example my goal is a level of net income each month that matters to be able to build a portfolio at a rate that supports financial freedom. That allows

Hi all, Whilst I don't disagree that zoopla valuation is virtually always wrong, it is useful to look at as part of research as it does provide house price change data (which is what is applied to the last sold price) and there are links to recent sales in there. So it should be in the right ball park. Granted I'm talking from my experience as a house owner who hasn't yet invested but so long as you qualify the information you use and understand its limitations it can be useful.