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North properties, low price, good cash flow


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Hello All,

 

Just a quick question, I have seen properties in the north like Blackburn and Hull starting from 40k. I would not be investing for capital gains, but rather cash flow. What are your thoughts? Is this acheivable?

 

Many thanks,

 

 

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I invest in the northeast in properties with just a bit more than this. Great returns, and long as you find the right areas that are in demand for rentals you should be fine.

 

I find that if you go just slightly more than the 40k mark (say 50/60) you'll get a bit more pcm rent so it won't dent your yield too much, and there'll be fewer of these properties around so they let a bit more quickly. That's purely colloquial though - no actual stats to back it up.

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6 hours ago, Scott T said:

I invest in the northeast in properties with just a bit more than this. Great returns, and long as you find the right areas that are in demand for rentals you should be fine.

 

I find that if you go just slightly more than the 40k mark (say 50/60) you'll get a bit more pcm rent so it won't dent your yield too much, and there'll be fewer of these properties around so they let a bit more quickly. That's purely colloquial though - no actual stats to back it up.

Hello Scott,

 

Thank you for your response, I will look in the 50-60k range. I am looking to buy in 12 months time as long as I can secure a buy to let mortgage (I do not own my own home yet, I live in the south east so it's quite expensive). Do you mind telling me which cities or towns you generally target? Thank you!

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