Hi everyone
I'd like to gather your opinons on what you would do in my situation.
I'm 25 earn around £32k p/annum in full time employment after bonuses and I have £30k in savings which is effectively depreciating year on year with inflation at the moment. I'm keen to get in to the property game. I'll be completely honest I've no experience in property, although I have contacts in the trades and an appetite to succeed.
I've put buying off for a while because I'm not ure where my career path is taking me. I'm really keen to start up my own business in the near future.
I currently rent in the manchester area and pay around £400 pcm. I really like the idea of student Buy to Let and I've had a look at a couple of properties. Should I be buying my own place and investing in a mortgage first or could I carry on renting and looking at buying a place to do some minor renovation and rent to students?
Thanks for any guidance and thoughts in advance.
I'd like to gather your opinons on what you would do in my situation.
I'm 25 earn around £32k p/annum in full time employment after bonuses and I have £30k in savings which is effectively depreciating year on year with inflation at the moment. I'm keen to get in to the property game. I'll be completely honest I've no experience in property, although I have contacts in the trades and an appetite to succeed.
I've put buying off for a while because I'm not ure where my career path is taking me. I'm really keen to start up my own business in the near future.
I currently rent in the manchester area and pay around £400 pcm. I really like the idea of student Buy to Let and I've had a look at a couple of properties. Should I be buying my own place and investing in a mortgage first or could I carry on renting and looking at buying a place to do some minor renovation and rent to students?
Thanks for any guidance and thoughts in advance.