10:59 AM, 29th May 2013, About 11 years ago 25
I have 2 properties that I bought for cash, one of which is my primary residence and one is a flat I rent out. I have just taken a buy to let mortgage on the flat and wonder what is the best way forward to building my property portfolio.
Do I buy one property with that money and then mortgage it again or do I use that money to buy two properties, putting down a 20% deposit, and get two mortgages?
I really don’t know which is the best way forward. I have worked out I need about 8 properties to be able to live comfortably. I have also sold my shop and will be getting more cash in about three months.
Thanks in advance for your helpful suggestions.
Previous ArticleSo you think your property portfolio is as “Safe as Houses"!
Next ArticleHeather Lake of Worthing