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Wednesday, 19 February 2014

Southampton Buy to Let Rule #3

Rule # 3 - Keep Your Figures Realistic
People need a lot of money to afford a deposit at the moment, so many are renting instead. This means there’s good demand for rental property, and we lettings agents can rent most things, often for a premium. 

However at some point this will change. As such don’t assume that just because you can currently rent a tatty property, that will always be the case, and don’t assume because some estate agent is promising to get you £x in rental, that it will rent at that price for ever. 

Do your figures on a worst case scenario and you should end up with your expectations being exceeded, not unrealised.


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