From: "tim....." 
Newsgroups: uk.finance
Subject: Re: Ways to sell a small letting business i.e., investment property.
Date: Sat, 24 Feb 2007 17:32:23 -0000


"J A"  wrote in message 
news:6en0u2phuqfkmhco08kj3f5te0rlol0lrd@4ax.com...
> On Sat, 24 Feb 2007 14:15:16 GMT, Ronald Raygun
>  wrote:
>
>>> 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.
>
> That's a good point. Thank you for that! I had somehow overlooked that
> idea.
>
> Can anyone recommend ways to find such a buyer? I suppose estate
> agents would be one possibility, but are there other places where cash
> buyers look for propeties with sitting tenants?

They put cards through your door, they advertise in the local paper
(there one in mine this week), or even yellol pages.

But these are hard professions with no heart.  They will offer
at least 20% below value and walk away if you aren't interested.

tim