All Forum Posts by: John McKeirny

Yes, this is a good reference: https://dscrloan.uk/dscr-cash-out/

 And yes, that yard is large. Think of all the BBQ'ing you could do! 

Thanks all. The numbers look pretty good. I got in touch with a local property manager, who scoped out the place for me. He thinks that I will need to invest about 20,000 pounds to refurb, but then I could rent for 1,400 pounds a month. For full management, they take 11%, so that puts me at 1,250 pounds per month. What I did not realize is that the renters are responsible for not just utilities, but also property taxes. So that 1,250 pounds a month is solid AND if I convert to $ that is $1,600 a month. Unless anyone can find a flaw that I am missing, I think I'm going to go for it at the end of the month. 

Hi folks, I'm looking to diversify my BRRRR portfolio overseas. With the UK housing market essentially tanking, it seems like a good time to buy property in the UK. What are your thoughts? I think I found a good property for getting my feet wet, a fixer-upper outside of Oxford, a big student town. https://www.rightmove.co.uk/properties/136959422#/?channel=RES_BUY     What do you think about the place?  Thanks for the advice.