As I'm earning an income and still happy living at home, I thought it may be a worthwhile investment to pay for a deposit on a property and then rent it out so the people renting are effectively paying off most of the mortgage.
I'm still a few years away from being able to afford a deposit on a property in London in the first place.
Has anyone done this before or have any general tips for househunting and/or being a landlord? How easy or hard it is to find tennants? Or have any ideas on what sort of area I should be aiming for? Was thinking about looking towards the 'trendy' east London area of Shoreditch, Hoxton, Bethnal Green etc.
Thanks
I'm still a few years away from being able to afford a deposit on a property in London in the first place.
Has anyone done this before or have any general tips for househunting and/or being a landlord? How easy or hard it is to find tennants? Or have any ideas on what sort of area I should be aiming for? Was thinking about looking towards the 'trendy' east London area of Shoreditch, Hoxton, Bethnal Green etc.
Thanks
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