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subletting - opinions
andy40
Posts: 171 Forumite
Hi all,
Apologies if this is not the correct place to post this.
My partner is suggesting we rent a large flat house and then rent out the rooms so that we pay minimal or no rent, or even turn a small profit.
I see the logic in the idea but I think its too risky for several reasons:
1. he has no job and no income or saving
2. Im working but have a large debt and minimal savings
3. He has never shown any financial sense, or any aptitude for hard work and I can see myself doing most of the work on this.
I understand you need to take risks to get ahead sometimes, but I think this is just too risky and we could easily end up in an even poorer financial situation than we are now.
Opinion appreciated.
Thanks,
Andy
Apologies if this is not the correct place to post this.
My partner is suggesting we rent a large flat house and then rent out the rooms so that we pay minimal or no rent, or even turn a small profit.
I see the logic in the idea but I think its too risky for several reasons:
1. he has no job and no income or saving
2. Im working but have a large debt and minimal savings
3. He has never shown any financial sense, or any aptitude for hard work and I can see myself doing most of the work on this.
I understand you need to take risks to get ahead sometimes, but I think this is just too risky and we could easily end up in an even poorer financial situation than we are now.
Opinion appreciated.
Thanks,
Andy
0
Comments
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If you get a tenancy after various checks on your own record which isn't great, then it will be for the two of you. There will be clauses about sub letting and this is generally not on, and I doubt you would get away with this. But nothing is set in stone and you may get a LL who doesn't care.
"Life is difficult. Life is a series of problems. What makes life difficult is that the process of confronting and solving problems is a painful one." M Scott Peck. The Road Less Travelled.0 -
ANDY It is far too risky in my opinion................................I have put my clock back....... Kcolc ym0
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What happens when the actual landlord turns up to inspect the place and wonders who all these people are?0
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Hi all,
Apologies if this is not the correct place to post this.
My partner is suggesting we rent a large flat house and then rent out the rooms so that we pay minimal or no rent, or even turn a small profit.
I see the logic in the idea but I think its too risky for several reasons:
1. he has no job and no income or saving
2. Im working but have a large debt and minimal savings
3. He has never shown any financial sense, or any aptitude for hard work and I can see myself doing most of the work on this.
I understand you need to take risks to get ahead sometimes, but I think this is just too risky and we could easily end up in an even poorer financial situation than we are now.
Opinion appreciated.
Thanks,
Andy
Was the word hard required.
What is he living of now?
let him set it up but don't agree to be the one to pay the rent.
Focus on your debts.0 -
I'd get him a job rather than let him keep dreaming up schemes
0
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