13:26 PM, 8th August 2013, About 10 years ago 15
Firstly, my partner and I are looking to purchase our first BTL property and I wondered what criteria to use for optimum location.
My research tells me that first timers usually buy close to where they live and this is what we initially thought. However, for the cost of what we can buy in an area of Kent with a likely rental approx £350 pcm, we could (for much the same outlay) potentially buy 2 in a cheaper area of the UK with a rental of approx £300 pcm on each. This seems to offer a better yield but due to the distances etc we should probably have to go for fully managed as we both work full time and could not attend to things ourselves.
We are novices and looking to learn from experienced people so all advice is appreciated, even ‘obvious’ stuff!
Secondly, can anyone recommend a good property accountant local to East Kent please? I understand the arguments re travelling out of area to a good one being a necessary & legitimate business expense etc. but we are limited by time more than anything and should like to do business locally.
Looking forward to your kind responses so thank you in advance.