My current search for good news for landlords, seems to be consistently met by a fundamental split of good news for some / bad news for others.
I was just reading This Money article reviewing the recent property auction at London's Cafe Royal.
It's full of property from distressed sellers, many from unfortunate property investors who have seen their investment portfolio go off the rails with the rises in mortgage rates.
'You're not cheering me up.' I hear you mumble.
But, here's the good news, some of these properties are starting to make a reasonably sound investment argument.
If you are a landlord or property investor, with decent credit options or bag loads of cash, I think the time is right to start sniffing at the auctions.
It all comes down to old school investment fundamentals.
Look at the realistic rental figures you will obtain, check out the finance costs and move forward with a reasonable yield, maybe factor in a small capital growth % over the next 15 years.
If you can bag a bargain now whilst the property market is having an over- reaction to city centre apartment property, you might just bag a great long-term buy.
SOLD to the woman in the rubber gloves.
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