UK landlord thread

Is that through HMO? I thought they got tax relief? May I ask which town? I'm thinking of Glasgow, 3 unis and multiple colleges. Could undercut the private accommodation firms and still make a profit.

They aren't HMOs, just normal shit. I do it all myself, no agencies or anything. I won't tell you the town but it's an expensive place along the lines of York, Norwich, Cambridge - similar sort of type. Houses here are 2x the price of some cities.

Crunch the numbers for your area and see how it works out. For me it was a no brainer. Also helps if you can borrow as much as possible, offer family members 3% or something and they can give you a deposit.

I moved from landlording in Skelmersdale to Hull; east coast folk are happier to tip my good service

Do you plan on being that brit that charges 2500pund for 1 room apartment?

>leveraging yourself with property debt at the peak of a second bubble and during Brexit transition era

Brainlet AF

just invest in the stock market you fucking faggot, real estate is dead

Also to add to this:

>less and less people going to uni
>EU students less likely to come to uni here post-Brexit due to cost
>chink and pajeets all live in specially built university accommodation rather than student flats
>property bubble about to burst

>Taxes: don't even declare them
do you take cash from tenants?
do you use DPS?

if you get rent to your bank and don't use DPS you are gonna get fucked sooner or later

this is the perfect time to think and research investing into properties. shove all your money into ISAs, split for bonds so that market doesn't fuck you over. Wait for bubble to burst, and people to default. Buy up cheap properties en-masse.

Buy old houses that are in a decent state. All the new-build houses are god shit and fall apart before being sold. Buy away from flood zones. Buy close to transport links (trains and tube if london). Look at crime map before buying. google: "Area"+"Knife crime/drug/gangs" before buying, if you get many hits, avoid!

Add to this even further

>mortgage interest being phased out as an allowable expense for tax purposes
>combined with interest rates increasing

The days of boomers trying up capital in unproductive assets by buying houses renting them out to get rich is over boi

>US landlord here. i hate it. it's honestly not worth the trouble. I'm about to put all my properties under an llc and hire a property manager to deal with these retards.
STORY TIME

Watch Can't Pay, We'll take it Away, you can find it on youtube. Its about debt collectors in the UK.
TL;DW: tons of immigrants make for a shit tenants, who dont pay their rent for months, and also completely trash the property, so even if you manage to evict them, you'll have to spend shitton of cash to repair everything they broke.
Subletting is also a common thing.

Solution: don't let to pajeet scum?

I let to students at a good university, simple.

>I let to students at a good university, simple.
>Students with cripling debt
>students who want to have fun and do drugs and party and disturb other tenants.
>Students that are international students and could leave at any time

ahah nice meme fellow magapede. mind if i save it? upboated!

Fuck You Cunt Your Mums A Sket

Nah, not really. If you are renting as a private person, it's worth the risk.

t. never owned rental property in uni city

Glasgow is literally the best city in the UK don't @ me. But unless your gonna rent to me under market price fuck off

you know banks have a legal obligation to detect and report exactly this kind of activity? regular payments of a similar amount over the long term?

you know its really easy for them to detect and they have to report it?

everyone's risk appetite is different but unless you are larping about renting to 9 tenants they are going to tip off HMRC if they haven't already. they can get you many years after the fact, and not using a ltd. makes you personally liable rather than just being able to fold your ltd. just saying

> banks report every single customer who earns money
> HMRC essentially gets a list of every adult in the country

Another thread of clueless boomers discussing shit tier Homes Under The Hammer inspired money making schemes. Also I like how you faggots always have the audacity to refer to yourselves as "entrepreneurs" as though throwing money at a house requires any business talent whatsoever. Enjoy ur single digit returns followed by negative equity over the next few years.

You will be the same plebs buying the top on the next crypto bull run I fucking guarantee it. Just imagine looking at the crypto charts Vs the property market charts and coming to the conclusion that it is time to throw money at a house. Well that's a big ask as BTL landlords don't have any imagination at all but luckily we can see it happening right here and have a good laugh at them.

An absolute retard you are.

Every employer (company) pays tax from your salary automatically, so HMRC doesn't have to figure much out themselves.
When you get paid cash-in-hand (self employed) you have to declare any earnings above £1000.
They (gov and HMRC) are only now starting to use 'Big Data' to analyze money patterns and fraud, and even that is shit at detecting it (there are so many

you are the exact same nigger who laughed at his friends entering the housing market in mid 2000's and they have now doubled their assets, while you sit and boast about being the 'smart man' waiting for the housing prices to crash.

Wow doubling their assets in 15 years amazing. What an investment!

PAKIS STOLE MY FRIDGE

I literally make my money renting out flats and have been for 10 years now. Have fun being not only poor but also mad.

this Even if I got knock on my door I would just file 0 tax cause I did the math on it already. That's how good the system is for rentiers here. I would actually have to pay tax if I were in a company.

I'm not saying it's the best investment, but if you can't pick winning "Facebook-before-mainstream" stocks, this is a very good investment.
Don't forget that when you buy a house and rent it out, the tenant should be at the very LEAST paying your interest and principal on that mortgage. and over the years you own more and more of that property, so when you sell you get a better return.
If you also hire a management firm or get the estate agents to look after the flat for a fee, you can live your life and forget bout the flat, 10 years later resell for a tidy profit (minus tax ofc)

Attached: screenshot.2019-03-08.png (761x906, 86K)

another example. not all houses are "winners", but as long as you're not losing money by renting it out, you are literally allowing someone else to grow your investment.
don't be a brainlet, if you're smart enough you can make it work. Your inability to comprehend that is funny

Attached: Screenshot_2019-03-08 House Prices in SW7 2AZ.png (1586x3853, 749K)

This is my neck of the woods... some VERY interesting numbers in that list:

NAUTILUS HOUSE W10 5QL - bought in 2016 for £1.27m, sold for £880k

PINEHURST COURT W11 2BH - bought in 2015 for £377k, sold in 2019 for £305k

Some serious haircuts happening already!

ORMISTON GROVE W12 0JT - bought in 2013 for £1.6m, sold 2019 for £1.7m. Once you take all fees into account, no money has been made.

STRAP IN LADS... IT'S HAPPENING!!!

Might purchase a terraced house in Skelmersdale. Any advice you can give me about the area?

Yeah, it's not a very good idea to do buy and sell within a few years, but look at the earliest numbers
1997 = £56k
2019 = £305k
that's £250k in 22 years.

Even the ones that loose money (in asset), you;re still pulling about £3-5k a month in rent. The loss in value means you pay less in Capital Gains Tax. And if you're running an LTD you can then offset that loss on future profit.

Again, its all up to the person how they spin it.

Also I have no idea why Nautilus House would half in value, my optimistic approach is that they split a flat into 2 and sold them separately. Possible that the 'new build' price was inflated and sold to a schmuck for its weight in gold.

Another example, Northumberland as a whole, most house prices at least tripled in about 20 years. Sounds like a lot, but is actually a yearly return of about 5.65%, (this already includes inflation so you would need to get an investment with a return of 8.65% to match this). Sounds average, but at the same time you are getting rental income. Taking a worst case profit of £100/month, that's £24k over the 20 years.

Attached: Screenshot_2019-03-08 House Prices in Northumberland.png (1586x4083, 684K)

>Possible that the 'new build' price was inflated and sold to a schmuck for its weight in gold.
I think this is probably what happened. It is said that 70% of London new builds are bought by foreigners, so it's likely they bought off plan, sight unseen, as a "safe haven" for their money. More fool them.