Originally Posted by
AGAR-COSWORTH
That's quite an interesting idea. The only issue I can think of is the capital gains tax whenever you come to sell the property. You might actually end up being out of pocket rather than making money.
For me personally the only item I have on "finance" is my house. Each to their own, but I don't see the point in paying finance on say a £10K car, the payments making the total amount paid say £14K. You're essentially paying over the odds for something.
Good idea on paper, only it all falls apart when repairs to the house is required which costs money & then when your tennet walks out leaving the place like a shit hole so then more money required & then a lengthy wait for replacment tennets!
Unless you have a couple of properties the rental game is tricky one based on many varibles to actually make money!