Andrew Downey’s Post

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Landlord and investors located in Manchester with 15 years property experience.

Completion Day (well yesterday) 🏚️🏠 Picked up the keys to this 2 bed terrace in Audenshaw, which we purchased off market. We got the builders lined up to make a start on the refurb from day one of ownership, so that we can get some need stock back on to the rental market. It’s been very frustrating the last couple of months with deals falling through and what feels like everything that can go wrong, has gone wrong. Best advice is keep your chin up, keep persevering, keep motivated, keep taking actions ( no matter how small they are) and the rewards will come 🥇💰 The numbers for this deal are below. However, this post is not to gloat but to demonstrate that there are still deals out there to be found in a tough market👀🏚️🏠💰 PP: £107,000 Legals: £4,100 Survey: £600 Refurb inc 2 months holding costs: £18,000 Done up value: £170,000 Rental Price: £950pcm Let’s get finding that next 👍 #propertyinvestor #manchester #audenshaw #droylsden #rentalproperty #property #home #investment #btl #propertyinvestment

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