| Comment | I think this is the wrong sub to ask this question.
Having one property to rent will bring you a lot of headaches and very little profit. Being sure you can choose the "right" people is quite an illusion simply because you don't spend enough time while viewing and their behaviour once in can be completely different. You will have to take care of repairs, gas and electricity certificates and many other things that a decent landlord must take care of leaving you with a tiny profit at the end that I don't think it's worth the hassle. The only positive is that you get to stick your extra money somewhere where they are not eaten by inflation. I would argue that opening a stocks and shares ISA and paying the money you would pay in mortgage will give you better profit with zero hassle and tax free.
If I was you I would head to /UKfinancialadvice and see what the kind and knowledge people there think about this investment. |
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