Is not about what you can pay on a mortgage but what deposit you have, tell me what deposit you have and I can give you some pointers.
Your rental return must cover your mortgage. Also be careful as you speak of having sterling to cover mortgage and this will be subject to currency fluctuation which could hinder you on down the road.
David Howe LLB. LLM
INVESTMENT ROMANIA - Investment in Romanaia, Property management, Due diligence, Renting in Romania
Quote:
Originally Posted by paterson00
Hi i have posted about this already but here goes again. I want to buy a property anywhere, anywhere at all with hopes that it can be rented out so that the rent will cover a large portion of the mortgage. Hopefull over 50% of the mortgage. I do not mind having to top up the mortgage as i beleive in the long run for my plan this will pay off. Im happy in the thought that someone is helping to pay for my property..........thats it......thats all i want. I dont care how or where i acheive this but i would like it to be as safe an investment as possible with few headaches.
I have a budget in mind of £800 a month to cover all of any costs that arise, ie mortgage, management company, repairs etc etc.
What is you opinion on what would be good for me. I have no real interest in capital apreciation at all, if it happens on the side, great, but im happy with just having a good tennant for a long time.
What should i look for?
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