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Old 15-03-2013, 17:13   #6
davemac
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Re: Investing in the town - continuing discussion

Quote:
Originally Posted by GEaston View Post
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 Rent A Unit - Welcome to RentAUnit.co.uk - 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.
Thats a nice thing to say, the person you speak of is my Godson, and yes, he tells me of shady practises that he sees, but will not be part of.
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