01-10-2022, 04:34 PM
property buying in the UK
01-10-2022, 04:51 PM
if you do not hv ppl there you can trust and unable to fly there often, better dun
01-10-2022, 05:13 PM
01-10-2022, 05:14 PM
(01-10-2022, 04:51 PM)WhatDoYouThink! Wrote: if you do not hv ppl there you can trust and unable to fly there often, better dun
40YRS AGO
my colleague retired uncle who stayed in jervois rd had some properties in london collecting rents
so he had bot during that time at ex change rate ard 3+s$ against 1stering pound or may be even 4:1
he hired property agent to oversee his investment n rent collection
so till today still making rtn fr the london properties after deducting taxes n mortage payment >?
01-10-2022, 06:37 PM
Some had invested there. Most people dare not invest there. It is far away. Difficult to mange as no one there to manage. If you let unknown people to manage, there are also risks. UK is still better than US. The former, the tenant can run away without paying. The latter, they can still stay without paying.
01-10-2022, 06:51 PM
that's true. to evict a tenant here already a headache, let alone in a foreign land...
How to legally evict a tenant in the UK:
Step 1: Give notice of eviction. Give your tenants a Section 21 notice if you want the property back after a fixed term ends
Step 2: Seek a Possession Order
Step 3: Apply for a Warrant for Possession
...
How to legally evict a tenant in the UK:
Step 1: Give notice of eviction. Give your tenants a Section 21 notice if you want the property back after a fixed term ends
Step 2: Seek a Possession Order
Step 3: Apply for a Warrant for Possession
...
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