15:27 PM, 29th September 2014, About 8 years ago 13
I’m thinking of entertaining the idea of getting my first BTL.
I’m mortgage free at my present home so by moving in with mother and renting my property this would give me a small income of around £450 / £475 a month.
I want to get a 3 bedroom property and rent 2 of rooms out to different people, and return back to my Moms to acquire a good cash flow situation and make over payments to the BTL by combing the rents from the 2 rooms, my income, and the rent from my mortgage free home totalling monthly payments around £3k.
Question is; if living for a long period with my mother doesn’t work out, can I move into the 3rd bedroom at any point?