Buying BMV properties. Good or Bad?

[Paul Stapleton]

Wondering what people's views are on BMV property. Is it real? Would you buy it? Would you sell it?

 

[diyhelp]

There is a real market in BMV properties but these will not fall into your lap. There will be options to flip properties but there also will be chances to buy and hold longer term.

 

[Paul Stapleton]

Thank you DIYHELP. What area of the property sector ae you involved/interested in?

 

[diyhelp]

I tend to look towards those which look a little battered and bruised and unloved. I like to do them up and then hold longer term or flip if the price is right.

 

[Paul Stapleton]

and what kind of area and price range do you look at. I've just started looking at houses that have been split into self contained apartments.

 

[PostBrexitInvestor]

I live in the north of England where it is possible to obtain double digit rental yields - therefore I tend to buy, do up and then rent out. However, if there was a chance to flip a property for a decent profit I would not be against this.