UK Landlord Forum / Life

Buy-to-let: Meet the man with the £5 million mortgage

Ian Davison's monthly repayments are £30,000. His monthly rental income on his 38 properties currently comes to £37,000.

Davison, 29, is one of a growing army of buy-to-let investors who have decided to play the housing market big time in spite of the gloom expressed by many economists.

He must have got some seriously good deals if he's 7k up every month after his mortgage payments.

His total mortgage debt is about £5 million, but his properties are worth a total of about £8.5 million. That's not bad going, is it?

Read the full article here:

http://www.telegraph.co.uk/property/main.jhtml?xml=/property/2007/11/03/pbuytolet103.xml

Holy schmoly.

I wonder if he was watching Dispatches.



V

I wonder if he's a housepricecrash member 

I knew you would find me out if you did your home work Mr Pfag, well done.
If you have any questions please ask away

Quote from: Badger on November 06, 2007, 09:16:30 AM
I knew you would find me out if you did your home work Mr Pfag, well done.
If you have any questions please ask away

Give me some money.

No, not unless you intro me to your sister, i have told you that before. 

Fine, consider it done.

As your brother, I'd get full entitlement to borrowing your car, just so you know.

Ok bro, if your a lucky boy i will get you one, you can turn up to the wedding in it, how cool would that look
That reminds me bud, done anymore research yet !!!

Yeah, I need about 15k for a UK spec one.

If I find a good deal, I might snap one up! I'm just not sure if I want to pay the running costs of one of those beasts.

UM
you could always get a little runner for long, medium or town trips.  Ah balls just get a little runner lol