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Buy to let investment: Auctioneers legal pack

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Old 04 December 2003, 11:55 AM
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Scooby96
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Would anyone be able to cast their eye over it for me in an attempt to spot glaringly obvious shortcomings that a newbie 'developer' might not spot?
Old 04 December 2003, 12:47 PM
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???
Old 04 December 2003, 01:00 PM
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mattstant
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send it my way i will have a quick look
thats assuming you can email it



[Edited by mattstant - 12/4/2003 1:08:03 PM]
Old 04 December 2003, 01:08 PM
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Scooby96
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Will scan it tonight and email it if thats ok?

Just really want reassurance that I'm not buying into an unreasonable lease etc

Cheers matt

Old 04 December 2003, 05:12 PM
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mattstant
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no probs mate as long as you accept any advice i give is NOT legally binding
Old 04 December 2003, 05:39 PM
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Kevin Groat
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Watched a programme on the BBC one morning last week about buying at auctions in London. One youngish chap they filmed buying a house oop north (Darlington I think) looked almost fed up at the auction but won after outbidding another 3 or 4 chaps. Think he paid £40k. They interviewed him afterwards, turns out he was a salsa dance teacher and he'd bought the property without seeing it from a catalogue He planned to redecorate it and rent it out asap. Presenter asked was he not taking a big risk - he replied no, he does this the whole time. Since 1994 he'd been buying houses from auctions to rent out - this was the 57th property he now owned Had his own builder who blitzed the decoration in a few weeks then it was up for rent. He never visited the houses he was bidding on but he was careful not to buy in any 'bad' areas.

Kevin.
Old 05 December 2003, 11:29 AM
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Scooby96
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Matt - YHM (however no documents attached until I can get the cd burner working!)
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