Rod´s exclusive interview with our Buffalo partner
Rod´s Introduction To Student Webinar
Improved Bulk Wholesale Deal
Take a tour of our latest London property deal.
Explore our Manchester property
Explore our Manchester property
Rod introduces our new student property deal in London
Rod introduces the Dakota webinar in this video
Exclusive property in Goole
Exclusive property in Goole
Quick Cash Profits from Property In Memphis
Join Rod on day 2 of his 2011 USA Property trip
Join Rod on day 1 of his 2011 USA Property trip
Multi-Let and HMO investment property: Guaranteed Rental!
Rod investigates high income property in Detroit
Achieve stunning rental yields of 20% pa in Buffalo, NY.
Bulk Wholesale 2
Bulk Wholesale 1
Watch an exclusive video for our Jacksonville deal.
Axis USA WebinarWhy Buy Tenanted Investment Property?
Axis offers investors buy to let property that is both tenanted and vacant. Which should you choose? Does it matter? In this article we discuss the benefits and drawbacks of buying tenanted stock versus having vacant possession.
Does Buying Tenanted Stock Matter To Buy To Let Investors?
We would say that, most of the time, there is a small preference for investing in property with an existing tenant. However, the difference is modest and should not, in our view, make you decide to miss out on a great investment property because it comes with vacant possession!
Investment property offered by Axis is about 70% vacant, 30% tenanted. There are many superb property investments that don't come with tenants and it would be a foolish investor who passes them up.
Please consider with care the points we make about tenanted property. There are many bigger issues that impact your investment decision than whether the property is already tenanted.
Advantages Of Tenanted Stock
- You will escape the possiblity of a void at the time of purchase
- The fact that the property is tenanted is de facto evidence that tenants want to live in the property
- It determines the market rent with complete clarity.
- You may minimize the necessity of refurbishment as the existing tenant is presumably happy living with the current condition of the property
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You will avoid additional costs on purchase which you may incur on a vacant property (typically new build) where you may have flooring, curtains and white goods to buy
Advantages of Vacant Possession
- Often the property is new, which many investors like for good reason. New stock is by definition, empty.
- You can easily inspect the interior and check the condition
- If you wish to complete any refurbishment work it's very easy
- You can charge the market rent right away. With an existing tenant they may be paying less than the market rent and it could be a considerable time before you can replace them
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You can make the decision about whether to accept or reject a tenant, rather than being forced to accept the status quo
Where next?
