11:35 AM, 15th January 2021, About 7 months ago 2
Hi all. I have developed property in the past and want to return to the profession as my full-time job. I am stuck on whether to sell my current BTL and start developing small with zero debt OR raise as much money as I can ie. mortgage myself up to the eyeballs = stress.
Personally, I prefer no debt no stress and to try my luck with the money I have. I also know lending is cheap currently, so I should take advantage, plus it would make good business sense to keep the BTL for the long term.
My target in property development is to grow slowly but make c.£50k YoY.
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