my best mate just bought hes first place on a buy to let basis

hes got a normal morgage though thats fixed for 3 years,

what hes done was bought a 4 bedroom house with a 40k deposit and hes chopped a big room into 2 smaller rooms, hes spent another 25k renovating on a show string budget and hes renting each room of the house for 120 quid each and 90 quid for a cupboard,,, well he says its a room as hes got a window

hes covering hes morgage and some ontop and hes plan is to sell the place when the fixed rate changes and then buy hes own place

he had hes old man give him a few pointers and help him what to look at ect

as for renting,,,,, thats what i said to him and last month i gave him 850 quid to help pay hes second months morgage as he wasnt ready to rent it out yet

he finished it3 weeks ago and hes place is already full !!

now he thinks hes bill gates and tells people in into property lettings and management,,,,,,, not bad for a street rat

cunt still aint payed me back so ive told himi own 4% of hes building when he sells it