Buy to let

[mycatunderstandsme]

Just a quick question about offers. DH and myself thinking about buying a flat to let out and the cheap ones seem to be selling quickly.

What would you offer on a flat that is on for £119,00 now [think it's being repossessed] that originally sold for £181,000 in 2004? Zoopla says it's worth £166,000 now.

Estate agent says it will go for asking price but they would say that!?

Thanks!

property.timesonline.co.uk/tol/life_and_style/property/article6223112.ece

Had to wait for this to go mainstream but here we go.
HMRC recruited 1,000 staff last year to dedicate themselves to collecting the tax on BTL properties, the capital gains tax and the income, going back 6 years.
Some people are going to find themselves in hot water because they have not been running their property accounts as the business that it is.