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INCREDIBLY middle-aged thread: Buy-to-lets...
NICHE.
Any of you people ever been involved in buy-to-let? Kind of toying with it at the moment, but there seems to be a mix of opinion online with regards the wisdom of doing so atm. What things should i be concerned about? The plan would be to buy a 3-bed house in a 'cheap' area, get it looking not rubbish and rent it a young family/professionals. Would i have to get letting agents involved? Would i be foolish not to? What about the income form the rent? Do i get taxed post-mortgage payment?
ANSWERS.