Just after some very general advice/words of experience really. It appears that going BTL through a Ltd company is now the way forwards and it's something I want to look towards doing in the next 6 - 12 months or so. At this point I'm just interested to hear from those who have actually done or tried it. Did you form a separate entity, share your contracting co (Don't think you can do this?) or start a subsidiary. What're the major hurdles and pain points?
Just for interest, my plan is to effectively have a break even situation in the medium term - just using rent to pay the mortgage and cover any costs. My real goal is to have the asset at the end - having had someone else pay for it day to day, basically. The theory being that I can then use that in my later years as equity.
Just for interest, my plan is to effectively have a break even situation in the medium term - just using rent to pay the mortgage and cover any costs. My real goal is to have the asset at the end - having had someone else pay for it day to day, basically. The theory being that I can then use that in my later years as equity.
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