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Nesgroup address: misc.invest.real-estate - Date & Time for the message: 8 Jun 2005 09:00:55 -0700 /

Author of the message: "Stokesy"

Title of the message:
Re: UK: Should I buy through my company or personally?

Text of the message:
Thanks John.
I think that it seems to make sense (if buying buy-to-let property
itself makes sense at the moment) to buy the first few myself and then
move it to a company if I build up a bit of a portfolio.
I am still completely split on whether the market supports buy-to-let
purchases at the minute, or if I should wait a couple of months to see
if prices drop.
I am not after a quick book and am looking to build up a portfolio to
keep for 20/30 years and then sell up.. so even if there is a drop over
the next couple of years, as long as I can afford the mortgage payments
then I can ride it out and in 20 or 30 years time, they can only have
gone up in value, and if there is a crash... the rental market will
boom.  So to me, it looks like it is still a realistic prospect.  But I
am a novice, so probably comppletly wrong!!!
Any thoughts?
.



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