Following on from my article
about where to invest pension cash a couple of weeks ago I had a couple come
into the office on Friday with just such a question! They were in the fortunate position to have
cash to invest for income and we discussed the options about types of property
that would be best.
I have put together a spreadsheet that works out your return
on investment on any property when rented out.
You can import your mortgage costs, maintenance, agents fees etc
together with the cost of the property and the cash available and it will show
you your actual return together with percentage figures for your returns.
If anybody would like a free copy of this please call me
with an email address or email me on philip.wakefield@martinco.com
and I will send a copy with my compliments.
What type of property did we discuss? Two and three bedroom family houses are in
high demand and we are getting between 10 and 20 requests for viewings on these
and letting them almost instantly so a bit of a no brainer. We put together some examples (from other
agents as well!) and they went off viewing.
I am happy to spend time with any potential or experienced
landlord to investigate what you would like to achieve and work out a business
plan to achieve it - with no
obligation! Please call me.
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