Hi,
I am in 2 minds about borrowing to enter the world of a landlord .
I am 30yrs of age have deposit and feel it may be time to try this.
I will not make any profit each month as rent will pay for mortgage and upkeep , I know its a bit hairy at the moment to enter the buy to lease market due to the increase in interest rates etc but I reckon I can adborb a further 1% hike (but no more) other wise I would be paying a sum of money each month out of my own hard earned cash.
I have seen a couple of friends buy to rent over the past few years and they are doing fine and have a nice retirement nest egg been payed off at present.
Others seem to be of the idea of investing my 40/50k into the world of the stock exchange.....any pointers or nuggets of wisdom are welcome.
I look forward to your reply.
I am in 2 minds about borrowing to enter the world of a landlord .
I am 30yrs of age have deposit and feel it may be time to try this.
I will not make any profit each month as rent will pay for mortgage and upkeep , I know its a bit hairy at the moment to enter the buy to lease market due to the increase in interest rates etc but I reckon I can adborb a further 1% hike (but no more) other wise I would be paying a sum of money each month out of my own hard earned cash.
I have seen a couple of friends buy to rent over the past few years and they are doing fine and have a nice retirement nest egg been payed off at present.
Others seem to be of the idea of investing my 40/50k into the world of the stock exchange.....any pointers or nuggets of wisdom are welcome.
I look forward to your reply.