Anyone buy more than one house?

[EugenS]

Is there anyone here that has experience buying more than one house? Buying one, selling it, buying another, and so on. Why did you do it, and how was it.

[Mindy]

Well my brother got into [B]property investment [/B]when [B]selling his first home [/B]the sale fell through but he had already found a house that he set his heart on so he converted his original mortgage to [B]a buy to let mortgage [/B]and easily found a [B]tenant[/B] and moved into his [B]new home[/B]. A big advantage of doing this is that you know the [B]house that you are selling [/B]you know its maintenance history, the neighbours etc and you have already spent out on the [B][B]purchase costs [/B][/B]of solicitors and [B]stamp duty [/B]buyers tax so its quite an efficient way of building up a [B]property portfolio [/B]plus in the UK there is no tax to pay on [B]selling a property [/B]that you have lived in within a certain amount of time.

[EugenS]

That sounds like a pretty good success story. Nice bit of info about the tax free sale condition.

[JEROME]

[B]Hi [/B]
[B]I don’t have so much idea regarding this subject. Just I suggest you to take steps accordingly.[/B]

[investfrog]

So EugenS, you're thinking of property investment?

[elvenrunelord]

I've bought and sold several in my lifetime. Own a couple now. Really not interested in owning more....trying to lighten my burden really.

[mandiees]

There were promotions going on where I live (Southern California) where, to get people into homes they were offering 'buy one, get one free deals'! People who bought million + dollar homes were also getting rowhomes and run down/foreclosed upon shacks in another part of town as part of the deal. From what I heard no one was really taking them up on the offer, but it was an interesting proposition nonetheless