Hi,
I have found a brand new 2bedroom flat in upminster, Essex. It is up for sale at £150,000 (75% ownership). On top of that they are asking for £100 rent per month towards the last 25%.
I think this still seems really cheap as the location and the quality of the flat are 1st class.
They were on the market orignally to be sold outright for £250,000 but they havent been sold?!?!?!
Also is it in my league? I earn £21,000 a year and have £5,000 savings.
I am considering it as a buy to let as I am only 20 and life at home is still far to comfortable!
Any advise would be great.