Accrington Web - View Single Post - Investing in the town

GEaston · 15-03-2013, 10:57

You are right about the tough part being to move them on. Fortunately I don't need to move them on, because as totally refurbished places they are fairly easy to rent.

Yet again I found a very solid and trustworthy estate agent (must be in the Guiness book of records as the only one) in the town - an independent running a site called http://www.rentaunit.co.uk. Seeing as I'm buying at auction and getting refurb at good prices I can make 10-15% annual.

I would far far rather do this than put money in a bank where they'll give me 3% and then lend out 10x the deposit to people on 25% credit cards.

15-03-2013, 10:57	#4
GEaston Full Member Join Date: Mar 2013 Posts: 198 Liked: 46 times Rep Power: 65	Investing in the town - continuing discussion You are right about the tough part being to move them on. Fortunately I don't need to move them on, because as totally refurbished places they are fairly easy to rent. Yet again I found a very solid and trustworthy estate agent (must be in the Guiness book of records as the only one) in the town - an independent running a site called http://www.rentaunit.co.uk. Seeing as I'm buying at auction and getting refurb at good prices I can make 10-15% annual. I would far far rather do this than put money in a bank where they'll give me 3% and then lend out 10x the deposit to people on 25% credit cards.