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Fingers like lightning
Last Activity: 27 May 2024, 19:43
Joined: 25 July 2005
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  • Imagine if you do it contractor-style and just buy the house outright. Then it’s obvious that if the rent is higher than the running costs you are making money.

    The mortgage payments are mostly to make up for the value of money going down because of the governments insane money-printing....
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  • You could go contracting three days a month and whack in an extra day if they don't pay the rent.

    Seriously, your mistake is thinking that the rent has to cover the mortgage for BTL to be successful. You only have to cover the running costs, which are negligible....
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