Cash or Mortgage which is better?Make Text Bigger
I rent out 7 properties in the UK and 6 have no mortgage. I am looking to increase my monthly income by buying a 2 bed cottage for 220,000 in cash to rent out for £850 to £1150 approx.
My question is would it be the correct decision to use all that cash to buy a property to rent out. Also I live abroad and find it difficult to get any mortgage in UK.
Is it wise to buy rental property’s in cash therefore have no mortgages?
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