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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Why not look at South Africa,i have a few new developments where 800 pounds would cover the entire rental (3 bedroom),and rental income would be around 300 pounds.