ItsOVERBuddyBoyos
6'10 , 300lbs , 10x10NBP can also lick my elbow
- Joined
- Apr 4, 2022
- Posts
- 2,135
- Reputation
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Two initial things you need
1 - A salaried job. Or proof of self employed income over few years.
2- Living at home or living a lost cost lifestyle.
How to become a landchad.
Go get a mortgage in principle from a bank.
So you have an agreed amount they will lend you.
Save up as sizable deposit as you can, you want to aim for 20%.
Then attend online property auctions.
With your deposit saved and mortgage in principle you now have a budget.
You are looking at run down, 1 to 2 bed flats with good transport links.
Bid on ones that are close enough to where you live.
Don't overbid, just let it go if someone else wants it bad.
Be patient.
Eventually you can get a steal.
Do most the renovating yourself, only hire plumbers/electricians when absolutely necessary.
If you lazy get some illegal immigrant to do some of the grunt work with you. Hire them and work alongside them to make sure they don't slack off.
Fix it up nice a shiny, laminate floors, white walls etc. and take good pics of the place.
List it on openrent or any site that allows you to deal with tenants directly and pay them to list you on zoopla etc.
This is riskier as you do get 100% of the rent, not having to share with a lettings agent, but you gotta deal with shit yourself.
Interview the tenants, look for someone who's full NPC soy rentoid
if the tenant don't pay, threaten them with violence
sit back and enjoy the rental income, while also benefitting from increasing housing prices.
1 - A salaried job. Or proof of self employed income over few years.
2- Living at home or living a lost cost lifestyle.
How to become a landchad.
Go get a mortgage in principle from a bank.
So you have an agreed amount they will lend you.
Save up as sizable deposit as you can, you want to aim for 20%.
Then attend online property auctions.
With your deposit saved and mortgage in principle you now have a budget.
You are looking at run down, 1 to 2 bed flats with good transport links.
Bid on ones that are close enough to where you live.
Don't overbid, just let it go if someone else wants it bad.
Be patient.
Eventually you can get a steal.
Do most the renovating yourself, only hire plumbers/electricians when absolutely necessary.
If you lazy get some illegal immigrant to do some of the grunt work with you. Hire them and work alongside them to make sure they don't slack off.
Fix it up nice a shiny, laminate floors, white walls etc. and take good pics of the place.
List it on openrent or any site that allows you to deal with tenants directly and pay them to list you on zoopla etc.
This is riskier as you do get 100% of the rent, not having to share with a lettings agent, but you gotta deal with shit yourself.
Interview the tenants, look for someone who's full NPC soy rentoid
if the tenant don't pay, threaten them with violence
sit back and enjoy the rental income, while also benefitting from increasing housing prices.
