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Updated about 8 years ago,
how would you invest 25k if you needed a £15k Down payment ?
just curious to here how everyone would invest in my situation.
my startegy as i posted before is going to be the BRRR method
purchase houe at 60k after my 15k deposit i would have a 45k mortage ,spend 7-10k on rehab , ARV would be around 100k for example. The monthly cash flow i worked out would only be around £50 after mortage repayments and insurance and setting aside ect ect
in the u.k im considering a buy-to-let mortage which requires a 25% deposit
out of the 25k i have saved £15k is deposit 7-10k is rehab and fees are around 2-3k
i would have spare money aside as emergency ect
Yes i would have alot of equity in the propert around 50k or so but how would you all use this money? Considering a 25% deposit would be required ?
I know property isnt a quick cash fix game and thats not what i want but at the rate of owning mutliple properties my method seems slow but secure
This forum has been massively helpful thanks to all