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BTL for my Baby
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I have btls and hope to know the mortgage market relatively well... I have to put down 25% atm to get a half decent rate... So 10k = 40k property.
Yes you can get them but they tend to be in poor areas in which refurb costs will be high, you will have high tenant turnover etc...
I like the idea of starting a business for a baby but I think you should do it for yourself rather than your kid... Then gift it to her in 18 years... If you like her lolMy Goal: From 1st of Jan 2015 to 31st of December 2015 is to save 30000.
48.78% towards 2015 target.
105.3% towards 2014 target. :j0
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