9:56 AM, 27th April 2015, About 7 years ago 6
I have my eye on a prospective rental investment, a modern 2 bed town house which I know will rent quickly for £525. The guy who is selling bought it just last month but due to personal reasons is selling it straight away. He paid £80K and wants his £80K back.
Am I being stupid by not paying what he wants when I know I can let it quickly and mortgage/rental income sums stack up quite nicely?
I just feel like I should be trying to pay less for it but other places I’m looking at, though cheaper to buy, won’t give me the same % returns.
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