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worsleyweb
Guest
Just as a matter of interest, why is BTL considered a busted flush? Changes to tax scheme and stamp duty?
Pretty much that. I leveraged hugely between 1999 and 2007 and managed to get a large number of generally rather shit terraces in the mad old days. Cashed out luckily on quite a few and now find that having a smaller number of better quality properties in good areas is much easier than a load of terraces. Tennants can be a pain and paying tax on rental income etc. Increase stamp but most importantly not huge growth in prices vs maintenance has made it harder in recent years. If you are going to do it do it steadily and for the long term.