Originally posted by Bletsoe: Thanks for proving my original point Mike.
There is money to be made out there, but you now have to look harder and not buy in the headline areas. Pity Sunderland is not in Top 10 capital appreciation areas though or you could have made some real money over the next 5 years.
I think if K&P did a bit of research they may find the student market in several north east cities is a good bet.
To be honest i dont think you can beat local knowledge.
I know somebody mentioned bradford which i agree with but only because there are others who have same belief, i wouldnt find this information by my own research alone, i simply wouldnt have enough time to look into all areas of the country.
So rather than slow down in creating a portfolio during hard times i will simply try and ensure that in every part of the process, risks are minimised where possible.
Thank you for spending the time to cover my post so thoroughly. It's obvious that you take a lot of factors into account, when purchasing and are just as bearish as you are bullish. In fact, I would not say you are bullish at all - Just down to earth!!!
You obviously have a niche market that you have found works, I am happy for you. You take the risks so you should reap the rewards.
I am glad that you realise that a falling market is not such a bad thing, and you have covered your bases on this. I think there are alot of Amateur BTL'rs that think
BUY - it goes UP - IM rich!
Good luck in your ventures - you are officially the most reasoned BTL'r I have ever met (OK typed too! )
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