Government forcing landlords to house non-paying tenants for lengthy periods11:18 AM, 15th September 2020
About 4 days ago 39
I have taken 90k of equity of my current property. But I am in small dilemma on how to invest it.
Option 1: buy four properties worth 80-90k, each renting around £450 – £500 pm, but will not be able to recycle the cash as the capital appreciation is poor compare to London. So will be with just four properties until I save up for another property.
Option 2: buy 1 in London (where I am based) worth 225k, with rent around £1100 – £1200, doesn’t have great yield but better monthly profit and also house prices are escalating meaning I can ‘easily’ take money out for another investment.
I would really appreciate some opinions from fellow members as to what you would do in my position.
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