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View Poll Results: Which to invest in? | |||
Chudleigh Road ? |
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14 | 87.50% |
Robin Way ? |
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2 | 12.50% |
Voters: 16. You may not vote on this poll |
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Discuss what's fucking going on, and which programs are best and worst. One-time "program" announcements from "established" webmasters are allowed. |
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#1 |
Too lazy to wipe my ass
Industry Role:
Join Date: Aug 2002
Location: A Public Bathroom
Posts: 38,509
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All 'i cunt a4d' BS aside, help me choose my next rental property....
Like I said, all BS aside, I was going to purchase one of these properties for my portfolio, then the other one came to market, and now I'm not sure... So who better to ask than GFY as I don't have any real friends in real life
![]() ![]() https://www.rightmove.co.uk/properties/85976395#/ Chudleigh Road ? or... ![]() https://www.rightmove.co.uk/properties/83636314#/ Robin Way ? Both Properties are within a stones throw of each other, and are exactly the same price. Chudleigh Road was built in 1935, but has recently been modernized and brought up to spec, and Robin Way was built in 2015 and is pretty much the same now as it was then. So, you are not gonna live there yourself, and are buying solely as an investment, to be rented out, and possibly sold in 20 / 30 years time... Which would YOU go for? OR, EDITED TO ADD A BETTER QUESTION: If you were going to RENT one of these properties, which one would you RENT? After all, that's the reason Im getting one. To rent them out ![]() If you don't want to poost reasons, just vote. Thanks in advance. I just wanna get a wider perspective on it... They are so similar, yet so different... ![]() ![]() |
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#2 |
Industry Role:
Join Date: Aug 2006
Location: Little Vienna
Posts: 32,235
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You should watch tv show "home and away", they feature houses like that very often, so it could give you an idea.
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#3 |
So Fucking Banned
Industry Role:
Join Date: May 2001
Location: Your mom's front hole
Posts: 40,910
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What are the numbers? rents / expenses for each property / mortgage rates / tell us about the area...is the population growing / declining.
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#4 |
making it rain
Industry Role:
Join Date: Oct 2003
Location: seattle
Posts: 22,012
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Chudleigh seems to have an open layout and more usable common space.
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#5 |
bored
Industry Role:
Join Date: Aug 2003
Location: Metaverse
Posts: 4,675
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Chudleigh is pimp..
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#6 |
Icq: 14420613
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Join Date: Mar 2001
Location: chicago
Posts: 15,432
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i would pick the one that had nicer finishes a nicer job done remodeling it if they are about the same and in same area.
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#7 |
Confirmed User
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Join Date: Aug 2006
Location: Poland
Posts: 9,228
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Robin way.
- The other house was built in 1935, and i'm sure not EVERYTHING was replaced. There's still old shit in there somewhere. - When you are selling in 20-30 years, that 1935 house will be over 100 years old. I wouldn't buy a 100 year old house.
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#8 | |
Too lazy to wipe my ass
Industry Role:
Join Date: Aug 2002
Location: A Public Bathroom
Posts: 38,509
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Quote:
The overall area is again, relatively affluent, mostly consisting of people who don't want to live in the main town nearby, Newton Abbot, and choose to live just outside, in Kingsteignton. That's also the same area as my other properties (Although I live 7 miles away in Teignmouth) and either of them will rent out straight away at over £900 per month. I already have a property management company standing by to handle the rental for me, so that's not a problem, and with the overall lack of 3 bedroom houses (of Quality) in the area, the idea of a four bed, will be snapped up straight away. Probably by someone that works in Exeter (Nearest City) and commutes 15 Miles up the Motorway each day for work... So its really just down to the overall vibe / feel. The older property amongst other older properties, or the newer property on the newer estate. Both are exactly the same distance to the same schools, for both age groups and are the same distance from the shops / parks / bus routes / train station etc etc etc... Interestingly enough, a couple of people so far have said Chudleigh Road, and thats what Im kinda thinking. That's the one that only came to market yesterday, and I had a viewing earlier today. I think I would have gone ahead with the Robin Way one, but now Im having seconds thoughts, hence this post... |
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#9 | |
So Fucking Banned
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Join Date: May 2001
Location: Your mom's front hole
Posts: 40,910
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Quote:
So, if you have multifamily properties with multi units to rent, I would look into those. |
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#10 |
So Fucking Banned
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Join Date: Jul 2003
Location: Montana
Posts: 46,238
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The first place has a more open floor plans better light
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#11 | |
Too lazy to wipe my ass
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Join Date: Aug 2002
Location: A Public Bathroom
Posts: 38,509
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Quote:
So if someone stopped paying, I would still get my rent paid by the insurance etc, and if legal action was needed to evict, that would all be handled and paid for by them. Basically, you agree to let them deal with absolutely everything, and in return, you are guaranteed your rent every month, regardless of what is or isn't actually happening at the property. Likewise if they cause damage to the property, that's covered by the agents insurance too. So in other words, I don't have any worries about knowing Im gonna get my money each month ![]() |
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#12 |
Judge Jury and Executioner
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Join Date: Jan 2005
Location: South-America
Posts: 9,258
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One is sold, so you don't have 2 options anymore.
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#13 |
Too lazy to wipe my ass
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Join Date: Aug 2002
Location: A Public Bathroom
Posts: 38,509
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#14 | |
making it rain
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Join Date: Oct 2003
Location: seattle
Posts: 22,012
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#15 | |
Confirmed User
Industry Role:
Join Date: Jun 2009
Posts: 8,790
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Quote:
What English names! After buying one, be sure to have chops and sauce with the Prime Minister on Boxing Day. 2nd - shocked by the above - they charge 15% here and don't do half that |
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#16 |
Too lazy to set a custom title
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Join Date: Oct 2008
Location: 567721649
Posts: 12,157
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First one ...its clear open space ...the second one look like old house with good mask
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#17 | |
So Fucking Banned
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Join Date: May 2001
Location: Your mom's front hole
Posts: 40,910
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Quote:
$900 a month is a little over $10k a year...AND is that even net? I mean, do you have property taxes or any other expenses? Even if that is net, you're getting like 2% on your money ..so unless you plan on some serious appreciation then you'd be better off investing your money into CD or something bro. Owning real estate isn't some passive biz..even with a property manager. Trust me, you need to babysit them too. This does not sound like a good investment to me. |
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#18 | |
Too lazy to set a custom title
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Join Date: Oct 2002
Location: Punta Cana, DR
Posts: 29,585
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Quote:
When I buy rental properties , I have a simple excel spreadsheet where I enter all that data .... The bottom line tells me what to buy .... I remember one agent telling me how it had a beautifull salt pool ..... I do not want a fucking pool , I won't live there !!!!!
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#19 | |
Slowly dying
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Join Date: Sep 2012
Location: Padanaram
Posts: 3,091
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Quote:
The courts here side with the renters. I lost four months rent and lawyer fees after they told the judge magistrate that they had lost their jobs. Twenty years ago but it still bothers me. Do you have a property manager for the handling of matters? You have to weigh the cost of yearly upkeep and taxes versus the monthly income.
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#20 |
I have a plan B
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Join Date: Aug 2004
Location: Seattle - Miami - St Kitts
Posts: 5,501
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You can always toss a coin.
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#21 | |
So Fucking Banned
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Join Date: May 2001
Location: Your mom's front hole
Posts: 40,910
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Quote:
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#22 |
Confirmed User
Join Date: Feb 2002
Location: Michigan
Posts: 5,942
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I'm not a good one to ask. I live rural and love it.
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#23 | |
Natalie K
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Join Date: Apr 2010
Location: Spain
Posts: 19,111
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Quote:
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#24 |
Natalie K
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Join Date: Apr 2010
Location: Spain
Posts: 19,111
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or have 100k spare and enjoy a pool, plenty of land & views...
https://www.spainhouses.net/en/villa...a-3613614.html https://www.spainhouses.net/en/villa...e-3398324.html old or new build?
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#25 |
So Fucking Banned
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Join Date: May 2001
Location: Your mom's front hole
Posts: 40,910
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Not only would I not buy that place, I would sell your current home, invest the proceeds in the market, and rent.
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#26 |
frc
Industry Role:
Join Date: Jul 2003
Location: Bitcoin wallet
Posts: 4,664
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I'd get the newer one, stuff always fucks up on older houses, even if they were well renovated.
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#27 |
Converting like it's 1999
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Join Date: Jan 2009
Location: The South
Posts: 6,165
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You are obviously going to do it how you hwve it in your own head, and I doubt any of us will actually sway you..
But purchasing a new construction home was the best thing I ever did. Everything just works.
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#28 |
Confirmed User
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Join Date: Jun 2009
Posts: 8,790
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Actually CS I should come live in England for a year. I never have and I've always wanted to. Then I looked at rents in Mayfair - 16,000GBP/MONTH for a 3bdr that's like Manhattan 2019. For 200K a year I'll buy my own damn house.
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#29 |
Too lazy to set a custom title
Join Date: Jan 2003
Location: Los Angeles
Posts: 10,528
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Chudleigh might technically be older, but the remodel looks much more current and upscale. I don't know the tastes of renters where you are, but I do real estate in the Vegas area and a place with those colors, fixtures, style of construction, backyard, usable space, etc. would likely rent for substantially more than the Robin property, all things otherwise being equal.
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#30 |
making it rain
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Join Date: Oct 2003
Location: seattle
Posts: 22,012
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Mayfair essentially is Manhattan. There are other parts of London, and the rest of the country to look at too...
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#31 |
Confirmed User
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#32 |
I am Amazing Content!
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Join Date: Feb 2004
Posts: 39,826
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Chudleigh Road looks definitely nicer on the inside
other than that i am not a fan of real estate investment - my family used to own 2 buildings with 20 flats and it was a regular nightmare.
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#33 | |
So Fucking Banned
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Join Date: Aug 2019
Posts: 1,436
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Quote:
Do they both have an equal number of bedrooms, garages, bathrooms, conservatories? Does one have an extra office, gym or anything? Is the area better in one than the other? If you really can't decide and it's purely on looks I would go for Chudleigh Road. EDIT: I had to remove your links because this website won't let me post links (even replies) until 30 posts. |
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#34 |
Too lazy to wipe my ass
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Join Date: Aug 2002
Location: A Public Bathroom
Posts: 38,509
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Thanks everyone - I closed on Chudleigh today. Received keys around midday.
I'm not trying to 'Show Off' by posting, but just letting everyone who said Chudleigh, thanks - I listened to you ![]() |
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#35 |
So Fucking Banned
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Join Date: Jul 2003
Location: Montana
Posts: 46,238
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first let me say 'property is cheap as fuck where you live' do not get the 1 bath be my idea
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#36 |
Too lazy to set a custom title
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For me personally I would take the second one. but that's based only on seeing the outside.
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#37 |
So Fucking Banned
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Join Date: Apr 2001
Location: the beach, SoCal
Posts: 107,090
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Congrats
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#38 |
Carpe Visio
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Join Date: Jul 2002
Location: New York
Posts: 43,052
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Here you'd have already lost both of them, in the time this discussion took place. Something comes on the market and it's got offers over asking almost immediately.
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#39 | |
I am Amazing Content!
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Posts: 39,826
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Quote:
![]() congrats!
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AmazingContent.com - providing only the best content and service since 2003 Monetize your content on Veegaz.com - one of Germanies largest VOD sites Got German traffic? We convert it into money for you! Skype: madalton02826 - Email: oltecconsult [at] gmail [dot] com |
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#40 |
Confirmed User
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Join Date: Jun 2009
Posts: 8,790
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Congratulations, may it bring you happiness
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#41 |
Confirmed User
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Join Date: Aug 2013
Posts: 1,472
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I'd choose Robin Way. Aside from being newer and what most of the posters above mentioned, it's just more home-ey. If I was choosing between the two for rent, I'd rent that. The other place has a feel of an office.
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#42 |
Confirmed User
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Same here
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