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Updated about 9 years ago,
should i use all savings for first deposit?
My wife and i have been living in the UAE for a few years now so we have a decent little nest egg of savings. My wife has family in and around Birmingham in the UK and so i think that is a good place to start buying (my father in-law is a semi-retired handyman and is more than happy to help with renovations). Do we:
Use it all and put a large deposit down on an investment property?
Use it all as a 20% down on a bigger investment property?
Use part of it as a deposit and keep some for a safety net?
Or, put a deposit down on multiple properties?
Cheers,
Chris