So I’m 16 and researching a lot...

[Cian Hanley]

I’m still very new to real estate. I was able to make my own spreadsheet which was able to show the estimated net cash flow. However, something I still haven’t fully understood is house hacking & how to get mortgages.

For example: how do you house hack if a buy to let normally doesn’t allow you to live in it, or the other way round a residential mortgage won’t allow you to rent it out.

I also don’t understand how to get more than one to three mortgages since TSB only allow you to take out three buy to let’s. Does that mean I can take out other banks mortgages?

Also also, I’ve been told interest only mortgages are so much better. I believe if I get an interest only mortgage, I can put money into extra property’s which results in more money per month. Obviously I’d have to put money aside so I can buy the house at the end of the mortgage, but the advantage of interest only means I can invest in other mortgages making saving easier??

Lastly, I plan to get student accommodation as my buy to let. Since I’ve seen a much bigger rental yield which is a lot easier to accomplish due to per bedroom. Is this a good idea? Is there a better strategy for my first investment?

Also any help in general. Finding information on internet is great. Apart from every website gives different info.

Thank you in advance!