Analysis Update

Index

• Experience 1: The apartment
• Experience 2: The Weoley Castle Property
• Experience 3: The Willenhall Property
• Experience 4: The Crewe Property
• Analysis of the Property Market 2010 
• Analysis Update  
• The one that got away
• Repossession Report 2010: 36,400
• The Dangers of Investing Abroad  

The mortgage of my first property had a quarterly rise in December as it's a LIBOR tracker. So the next one is in March. LIBOR is currently 0.8%.

Second property is still in the fixed rate period which will run until May 2012 - not long now. But I have raised the rent to £600 pcm - I'm taking advantage of this high rental demand. Besides, my house looks like a motel. It's cashflowing £33 pcm.

My 3rd property, a 3bed house with front drive now rents for 550 but I receive only 475 after management fees. The tenancy started in November 2010.

My 4th property, a 2bed house and rents for 495 but I receive only 447 after management fees. The tenancy started just before Xmas 2010.

According to the BBC, the actual house price growth was actually 0.4% nowhere near the expected 3% let alone the 5% to 10% rise. It looks like it's gonna get worse in 2011; but this is a buying opportunity for BTL investors. I'm planning to buy 4 properties in 2011.

My forecast for 2011 is still a fall of around 5%. I'm currently negotiating a BMV deal in Birmingham and will post my experience of purchasing and renting that property in due course.