From: Ronald Raygun 
Subject: Re: Ways to sell a small letting business i.e., investment property.
Newsgroups: uk.finance
Date: Sat, 24 Feb 2007 14:15:16 GMT

J A wrote:

> On Fri, 23 Feb 2007 23:02:44 GMT, Ronald Raygun
>  wrote:
>>> "J A"  wrote in message
>>> news:13qtt210jrn3treq0sv2p8mj1tuhoh1qch@4ax.com...
>>>>
>>>> I'm interested in finding a cash buyer for a quick sale. A *quick*
>>>> sale is imperative. I don't mind when the sale takes place, but once
>>>> it has been agreed, I don't want any delays or hitches.
>>
>>As a matter of interest, why is it imperative?
> 
> Thanks for this, and to the other respondees.
> 
> To answer the above, I am living with an £80,000 (owed to several
> debtors) and I rely on rent coming in from the other flat to meet my
> repayments, and I am finding it increasingly hard to make ends meet
> and I just want to wipe out my debt. That is my reason for wanting to
> sell. I am assuming that selling the place would neccessitate moving
> out and moving the tenant out too.

No.  In the subject line you mention "selling a letting business".
If your potential buyer is someone looking to buy to let, then it is
to his advantage to get a well-established tenant thrown into the
bargain, instead of having to find one first.

He could let the other flat to you too, for that matter, by which
time with a pocket full of loot you can afford to pay the rent, and
to take your time about finding another place to buy, should you so
wish.