I went to look at a house yesterday. What a dive! There is no way I think he will get anywhere near his asking price. I don’t think his estate agent does either as she made a point of telling me that he was very negotiable and that I should put in an offer of what ever I thought, not matter what.
Well I am tempted. Just to see how low he will go. For investment (renting out) purposes it could be quite a good buy but it would depend on how low you could get it for. Obviously if you could cover your bond with the income received then it might be viable but as it is at the moment….Not a chance.
Then the other thing is – do I actually want more tenants. Whilst things are going well I tend to forget about all the crap I have had to deal with over the past couple of years. It is great when they pay on time and don’t damage things, but then there is the other side. Do I really want more of that stress?
For now I think not. In this case I think it will be a case of I went, I saw, I declined to offer.