4 ms·
I purchased, gutted and renovated a 1 bed flat in the city 4 years ago. It's gained about $7,000 a month every month for the last 3 years, plus saving about $3,
by iD3 12y ago
I purchased, gutted and renovated a 1 bed flat in the city 4 years ago. It's gained about $7,000 a month every month for the last 3 years, plus saving about $3,000 in rent. Not exactly 'income' but most certainly passive, and I do plan to sell out when I feel prices are aproaching a peak and move out the city so will yeild then. Neighbouring flats usually sell within 7 days of going to market.
- opless 12y agoWhich city? (There's more than one you know!)
- iD3 12y agoLondon. The financial district is often referred to simply as 'the city', so force of habit!
- opless 12y agoI had assumed that, but thought it best to ask :)
- stevenspasbo 12y agoI was thinking San Francisco, that sounds about for the bay area too.
- thedevopsguy 12y agoHaven't seen flats sell as quickly as they are now. Living a 3 minute walk from Liverpool Street station and the flat I wa renting sold by the second viewing. It was on the market for three days but things are cooling off.