Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
My husband and I are new to property investing. We are currently living in a 3 bed semi which we would like to rent out next year. But first we would like to invest in some property in auction, ideally for around £120k (cash buy plus £30k for other legal and repairs), then sell it on for some profit.
The only way we can do this is to release equity from our current house. We haven’t found any property in auction yet but we are keen on a freehold property rather than leasehold.
1. Any suggestions of what we should look out for?
2. Any pitfalls we should avoid?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More