Is it best to buy a bigger house or buy a fat and rent it out?
Wednesday, January 13th, 2010 at
5:21 am
Live in Essex UK and will shortly be lucky enough to be able to look at moving.Like my current house but the road has got worse.Am self employed so worried about pension and need to invest,But can’t make my mind up between moving up the ladder and downgrading once kids have left or buying a flat and renting it out,all advice wellcome THANX
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Tagged with: Advice • Current • Ladder
Filed under: flat rent
I would definitely buy a fat you can always slim into it later.
buy a flat and rent it out.
buy a FAT it will increase in value then u can buy n other when u ready to rent it out
happy huntin
In Turkey, we have many UK citizens buying big houses and apartments, to let. Infact there are a few holiday regions (in the surrounding area of Antalya) that is open 12 months of the year, and producing great rental yeild to golfers and holiday makers. Some even come back for seconds… it couldn’t get any easier !
From experience of buying buy to let properties - move from the house you are in to something bigger, or nicer, to escape the road you say is getting worse. Dont let the neighbours drag your property value down. Get out while you can. With regard to lettings - the whole fiasco is a nightmare if you get a dreadful tenant - and it’s quite possible. Think carefully.