Government forcing landlords to house non-paying tenants for lengthy periods11:18 AM, 15th September 2020
About A week ago 40
With the ever increasing popularity of peer to peer lending sites like Zopa, Ratesetter, Rebuilding Society etc, why has some enterprising group come up with a way of participating in the burgeoning rental sector for those without the resources or time to commit to a full BTL of their own? I’m sure many would jump at the chance of earning 8, 9, 10 or more % on part of their savings, plus the possibility of a substantial capital gain, rather than suffering the paltry rates offered by the traditional banks or building societies. Investors could club together, from a minimum investment of, say £1000, to buy into a property portfolio starting at £100,000-500,000, each receiving an appropriate % of rental income and capital gain at the end of the investment period ( 5 years?).
I would jump at the chance, and would welcome feedback from others keen to join in this market without committing £100-£200k to a single property investment and all the personal time commitment that goes with it.
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