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General advice on buy-to-let - 2006/07/06 09:28 Hi

I am interested in going into buy-to-let as a financial investment, and am trying to get some overall idea of how to go about it, by asking as many people as possible.

I have heard that it is a good idea to buy properties in what is generally considered to be a "good area", and to steer well clear of the sorts of area where people might have some sort of trepidation about living.

Also, I hear that it is important to renovate and decorate the property to a reasonable standard, but without overdoing it, ie: not overspending, not doing the property up to one's own taste.

The areas of interest to me are London and Leeds, both areas where there is a high demand for property to let.

I'm looking forward to learning something on this forum.
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Re:General advice on buy-to-let - 2006/07/19 05:49 i would suggest looking in the paper/ on the net to see which neighbourhoods are in transition. there is always 1 or two neighbourhoods that are becoming hot spots....and more and more people are comign to see.

if you find out where new business are sprouting out more and more..that would also be a good sign of a place to invest.
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Re:General advice on buy-to-let - 2006/07/20 21:38 Yes - doing careful research beforehand is really important.
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Re:General advice on buy-to-let - 2006/10/11 13:16 You seem to have the most important tactics down. Just make sure that you always keep a paper to look at because all good investors look at the newspaper for leads.
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Re:General advice on buy-to-let - 2007/06/15 08:52 Yes. Location is one of the most important things. Be sure to consider all your options. Look for something that isn't perfect and needs just minor repairs. This will be your best investment. As long as the property is in a desired location and in good repair, you should have no regrets.

Post edited by: cassiem0221, at: 2007/06/15 08:53
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