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Updated almost 9 years ago,
How to get the money? (UK)
Hello everyone.
I have been looking for days now on the best way to get the money to buy my first property.
I want to go for an easy fix&flip where i only need to re-paint, do some flooring and general fix-ups.
So i have a few problems.
I do not have a driver's license (never had time to get one) so it needs to be close-by
I am 20 and have only been working full time for a year + 2 years freelance before that.
And the area i'm in is fairly expensive with an avarage price range in 20 miles for 90-120k (thats pounds so that's around 120-140k dollar)
And i only have a small 5k savings.
I have only been living in the uk for only 7 months now so i still do not know all the rules but i was wondering if any of you can give me tips on the safest way in getting the money for my first property. (I do not know any rich people or private investors btw)
I am sort of terrified that when i borrow money that something goes wrong and i end up paying a big part of my paycheck to my depth for the next 20 years. i know there is always some risk but any tips would be helpful to minimize that.