Newbie from London, UK

[Harsha Ramanan]

Hi - 

I am a newbie in real estate investing. I have two properties in Greater London, UK by accident and keen to do more.

Most of the podcasts and forums here talk about 1% or 2% rule. That doesn't seem to work by any stretch of imagination here in the UK, specifically for Greater London. For example, 2 bed house costs £300,000 and rents for £1,200 per month. Is there a different rule of thumb seasoned investors use for Greater London, UK ... OR ... Am I missing something?

Thank you,

Greater London Newbie