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Yes, this statement is probably true.Love Money journalist, Harvey Jones definately thinks so, giving prospective landlords seven valid reasons why they should avoid joining the landlord ranks.
I reflect on his arguments.
- Tenants from hell - " I've had plenty of those"
- There will be no future capital growth - " Probably correct in the medium term"
- Maintenance woes - " They do get you down"
- Lousy letting agents - " Some real stinkers out there"
- Pricey finance - " Yes, why is that lenders?"
- Red tape hell - " Gordon and his cronies scoring political brownie points "
- Easy street - " Cant argue that there are comparable returns out there "
Read his argument in full
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2 comments:
Thanks for mentioning a lovemoney.com article again Property Hawk. Our Financial Director has also written about his expereinces of buy to let here: http://bit.ly/awsauf
It definately not for the faint hearted - but he is considering getting back into the UK market.
Maybe you can help him with his dilemma?
Emma - Publishing Director - lovemoney.com
We are always willing to help Emma.
Let us know if he has any specific questions.
My personal thoughts are we are drifting towards financial armageddon in 2012.
Heh - ho!
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