Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I have a conundrum, with the property market bouncing back it has encouraged more investors to snap up property in the hope of its value rising. I have a portfolio of six fully paid up (No mortgage) 3/4 bedroom houses in Harborne and Mosely in Birmingham and these areas are the most affluent of the city. They have been decorated to a five star standard and thus command higher rents.
I’m looking to expand and would like some advice on the best way to raise capital to fund my next purchase. The economic climate changes almost every month and attractive income investment at a time of low rates and stockmarket volatility is a good time to expand my portfolio.
Should I sit tight for a year and raise some capital from rent, or mortgage, or go for a loan?
Should it be interest only or repayment?
Should I approach a specialist buy to let financier?
My father (Bless him!) always used to say to me “The key is to think long-term.”
Thanks in advance for any advice.
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