Originally posted by DaveW
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Another one of my tenants made about $70k on the sale of her leasehold.
Like all investments you need to do your DD and seek professional advice.
I purchased a leasehold with a 18pc net yield after the ground rent increase the yield dropped to 12pc.
There was no next increase as I purchased the freehold.
It may sound dopey but I borrowed money at 9.5pc and purchased the freehold that was charging me 4.8pc ...probably should have brought another property yielding 10pc...than buying the freehold.
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