Make the move or keep saving...?

loofer

Just to clarify, I actualy live in North Manchester but work in Liverpool.

I think I would find it easier if the BTL property was within my local area. I understand that it does limit my choice to property. My parents 2nd property is let out and I see the convenience of it being very close by... especially when there are problems.

I wa speaking to a customer once and he said he lets his property to the DSS/Local Housing Authority. They choose who stays there but he is always guaranteed a fixed rental payment, regardless of it being left unoccupied. Though I'm not sure if they would take reponsibility of any mess/damage left behind by tenants.

I think it boils down to risk and reward. A decision I would need to make. Depending on which one I chose, I would be anywhere between reaping generous benefits or financially worse off.

Alias_Omega

If your not commited to it, then dont do it.

loofer

Alias_Omega wrote: »

If your not commited to it, then dont do it.

I certainly understand the importance of what you say. Alot of people think its easy money and end up getting their fingers burnt.

I don't want to rule anything out at this stage.

Posting on this forum helps me get wider opinions and gives me the opportunity to find out more so that I can make an informed decision and assess my commitment.