12. Andrew bucks the trend, still making money despite the downturn
12. Andrew bucks the trend, still making money despite the downturn (Image 12 of 13)
Sharp-eyed businessman Andrew is making a killing from the very same properties that are causing so many small-time property developers and speculators serious financial problems. He bought one hundred and forty city centre apartments in one go and now rents them all out on the cheap, avoiding the classic landlord mistake afflicting the market at the moment – buying high so that mortgage payments far exceed realistic rental yields.
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