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Investing between 70-85k

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Glasgowboy

New Member
I am looking at investing anywhere in between 70-85k on a buy to let property. It would be a cash buy as I have just came in to some money how much should I be looking to receive in rent on a property of this cost and what would i be best investing it in I.e a flat or semi or terraced house, 2 or 3 bedroom etc. I am from glasgow so would be in glasgow or north or south Lanarkshire I would be looking at. Thanks
 
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aaoskar

New Member
Why you wouldn't invest in foreign property, somewhere in the south of Europe. For example in Greece. Last year I've invested some cash in Greece property for around $70K. As my advisor told me I think I'll get my money back in a few years. And because of coronavirus, prices are falling down, so maybe now is the best time to invest your money in foreign property.
 
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PostBrexitInvestor

Member
Personally I would:-

- Stick to markets you know (i.e. the UK)
- The pound has fallen on currency markets so more expensive when converting to Euros/Dollars, etc

From what I read there are some decent rent yields available in Scotland even if potential for capital growth might be a bit more limited.
 
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Joshua Baines

New Member
Hi Glasgowboy,
Personally if i were you I would be trying to find Buy, Refurbish, Refinance, Rent properties so you can refinance and pull your money back out. This way you can 'recycle' your money and you haven't got it stuck in 1 property. If you are not confident in finding deals I would suggest using a deal sourcer as they will save you a lot of time and possibly money.

I hope this helps,
 
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Longterminvestor

Administrator
While I dont personally expect property prices to collapse I think there will be a reduction in the short term as the market is effective frozen by the government. After it is reopened I dont think previous sellers would be keen to "give" their properties away and we may well see a shortage of stock.
 
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w885sl

New Member
I am looking at investing anywhere in between 70-85k on a buy to let property. It would be a cash buy as I have just came in to some money how much should I be looking to receive in rent on a property of this cost and what would i be best investing it in I.e a flat or semi or terraced house, 2 or 3 bedroom etc. I am from glasgow so would be in glasgow or north or south Lanarkshire I would be looking at. Thanks
Hi - did you eventually invest? and if yes, where?
I am not looking to invest and have 150-200k but all signals pointing me to hold off till Apr-2021.
 
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Longterminvestor

Administrator
At the very best the second wave of the coronavirus will hold back the property market, at worst we might see sellers taking advantage of the recent surprising strength. It is difficult to see any real upside in the short to medium-term.
 
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