Hi forum. For almost 2 years now ive been stalling from investing in a buy to let property. Ive read numerous books on property investement during this period and whilst no doubt ive picked up some key information i still feel alot of crucial points to me seem un-answered. Ive pursued advice from anyone i know or that i know of who have invested in buy to let but the people ive managed to contact have failed to answer many of my queries. I also had an appointment with a property lawyer who seemed to do everything to avoid giving me anything that resembled helpfull advice. Im desperatley seeking advice on the following variables to consider. Sorry i know most of the questions are extremely vauge, any attempt at a response will be greatly appreciated.
. When it comes to location how much value is there in targetting specific towns/cities and if so what town/area of the uk is a good current example. what matters more potential area growth or high student/high renting population.
. Just how much value can be gained by renovating flats. Not looking to sell it on for a profit, just wondering how much roughly % wise rent could increace. In theory i have a fair bit of time to commit plus i know a few different tradesmen who would work for cheap
. Wheres the best place to look for mortgage advice
. Surely its best to bid for numerous flats under the asking price untill you find a desperate seller. If this a common tactic just how much % wise lower can you get away with
sorry again for the vaugness in the questions, size of the post , my grammar and my spelling. Ive actually removed a few other questions and bookmarked some other links ive found on this site in an attempt to condense this post.