No Money Down deals

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    No Money Down deals

    Hi,

    I bought my first property last year which has so far worked out very well. I am looking again now for a second property. I regularly read about people who have bought property with no money down, and property courses that tell you how to do it. Is this actually the case? Can it be done if so how? and has anybody done this before? I would be grateful for some info. Thanks, Chris

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  • Reply to Selling to tenants
    by Hudson01
    You could simply say to them that from XXXX date the property will not be let as is has been sold....... that is all you say, no mention of the buyers being the in-situ tenants.
    26-01-2022, 17:35 PM
  • Selling to tenants
    by r3drover
    Hi, hoping you good people may be able to give me some advice 🙂

    i have a rental property that I am now looking to sell. I am interested in selling to my tenants and have been looking at my contract with my letting agents to see if there are any consequences of this.

    There’s...
    26-01-2022, 16:27 PM
  • Reply to Selling to tenants
    by r3drover
    Thanks for both your replies.

    It was fully managed.

    yes I do plan to speak to agent. My concern is they will try and use it as leverage to insert themselves in the sale process. Just wondered if anyone else has hit anything similar?
    26-01-2022, 17:19 PM
  • Reply to Selling to tenants
    by jpucng62
    Speak to your agent & ask them to put in writing what fees would be charged in the event of this happening....
    26-01-2022, 16:43 PM
  • Reply to Selling to tenants
    by Hudson01
    The original arrangement with the tenants, was it ia fully managed or tenant find only arrangement ? I have done this a few times on a tenant find basis and let all my AST's go periodic (so the tenants stay), i have paid zero to every agent, and they have never been knocking asking for any money.
    26-01-2022, 16:36 PM
  • Reply to Inherited a few rentals
    by Flashback1966
    With regards to keep or sell. Those 4 properties are not just assets, but you need to see them as say children, which need looking after. You can't switch off because you are busy. It is 24/7 responsibility, as you are responsible for the property and the health and safety of the people living. If...
    26-01-2022, 14:23 PM
  • Inherited a few rentals
    by Landlord7289
    Hoping for some advice on this situation from people who may have been through similar...

    I am inheriting 4 rental properties from my late father. Are there any tips or ideas people would share about this situation?

    My situation is I am early 30s in full time employment, live...
    25-01-2022, 15:02 PM
  • Reply to Inherited a few rentals
    by Flashback1966
    Almost anything beats working for a living.

    Running a portfolio is just as demanding and stressful. If someone worked in an office, it is a 9 to 5 job. Their taxes are paid by their employer.


    Running a portfolio of properties, can be demanding. Even with agents in place....
    26-01-2022, 13:46 PM
  • Reply to Inherited a few rentals
    by jpkeates
    Almost anything beats working for a living.

    Becoming a landlord because you've inherited some property makes about as much sense as inheriting several cars and setting up a taxi business.
    26-01-2022, 13:19 PM
  • Reply to Inherited a few rentals
    by theartfullodger
    Well, unless one was a masocist. Been retired 14 years now, those memories of work fading also....
    26-01-2022, 12:53 PM
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