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to buy or not to buy
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[quote][i]Originally posted by AK[/i] I'm thinking about buying a flat to rent out..... i will be needing a mortgage of 110k its a 2drm flat that (going by propertry folk etc) could rent out for 500 to 800. The mortgage i'm thining of will be about 450 a month + ins etc... I think i already know this isnt ther best idea.... just think i need to be told so :boggle: The mortgage will be interest only, not repayment..... the profit (if any :!) would be kept to pay off loan in 20/25years whatever. Think i may wait half a year, buy something cheaper and more local.... cheese i dunno :mad: [/quote]
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