8:18 AM, 2nd October 2015, About 7 years ago 5
I’m in real turmoil and would appreciate any words of wisdom from someone with your property experience!
I own a 3-bed house in London, W7 within a one-mile walk of a Crossrail station, Hanwell. I am selling it to move the family to a bigger house, but in a cheaper area outside of London (Hook, Hants) in order to take the equity out and use it for BTL. However, I have been reading about the impending (possible) impact of Crossrail and I am now reconsidering leaving the move until Crossrail arrives.
Is it all hype? Would I be better to use the equity to get up and running with BTL or is my property a possible little gold mine in itself and I’d be better off keeping it and looking for angel finance/JV to start BTL?
Ironically, I’ve just received an offer on the property which has got me thinking even more.
I’ve made property mistakes in the past which is why I’m thinking this through so much, perhaps too much!
Any help gratefully received!
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