I’ve hit the studio flat on the head because there’s not much profit in it and because it wasn’t worth getting into a bidding war. Funnily, I had a voicemail from the EA late this afternoon, saying he’s got another prop that I might be interested in. I’ll call him tomorrow.
At 6.15 this evening I made an offer of £90K for the 2 bed flat, should hear back tomorrow whether I’ve got it. I’m not really concerned if I don’t get it tomorrow. I’m prepared to wait a little longer and see if I can get it any cheaper. At £90K and with a rental fee of 7% (after remortgaging) the net cashflow will be £182, which is good enough.
I had a call from Howard & Co yesterday re my flooded prop. They said the flat has now dried out and the tenant can move back in. The maintenance company are going to redecorate in a couple of weeks. I’ve bought Howard & Co an Xmas hamper, I’ll deliver it on Friday and find out more info.
I love this property game – it’s all about building relationships.
Looking forward to the VIP Xmas party tomorrow night. I’ve bought new shoes and a bow tie but might need to borrow a mask!
