House inheritence mortgage help needed please?

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jedimum wrote: »

In an ideal situation we would rent it out. So that it would be an investment for our childrens future.

It all depends however on money, how much we can borrow so a; buy out his brother and b to make the house rental.

Does that make sense?

Thanks

Start with the basics

Whats the place worth(1), so roughly 50% need to buy out the brother.

Any refurb/get ready to rent costs(2)?

estimated rental per month(3)?

3*12/(1+2) estimated gross yield?

That number will tell you if it is worth doing any more detailed costings.

jedimum

Great!
I was thinking along those lines.
Facts and figures first!

Thanks!