Looking into buying an investment property.
I've heard buying property with a tenant in situ can be more hassle than its worth.
But we have seen a reasonably priced one bed house and are thinking of taking a chance on it.
Any advice or things to consider before buying the property?
Also, the rental income from the property is well below market rental value, is it possible to raise this to market value as the new landlord? (it is outside of RPZ)
Is it possible to have a new lease drawn up with the current tenant, or does the current contract still stand after purchasing the property?
I've heard buying property with a tenant in situ can be more hassle than its worth.
But we have seen a reasonably priced one bed house and are thinking of taking a chance on it.
Any advice or things to consider before buying the property?
Also, the rental income from the property is well below market rental value, is it possible to raise this to market value as the new landlord? (it is outside of RPZ)
Is it possible to have a new lease drawn up with the current tenant, or does the current contract still stand after purchasing the property?