Property prices and rent only ever go up! If a 75% return over four years was even close to a guarantee you would have an awful lot more people looking to get into the landlord game
I think you misread my posting blured, what I said was "I do understand that the property market can go up or down"
Doesnt have to, granny flats are included in the scheme provided they are part of the main house
ok, different story.you do need planning to create a granny flat
ok, different story.
Initial question was that with rent-a-room if you had to share facilities and that's not the case.
The borrowing costs are important, ie the interest rate. We have currently historically the lowest rates. But not sure if you can get good rates for investment properties, or if you need a higher interest rate. Also your son might have a problem even getting a loan. We have had posters on here who live abroad and couldn't get them.
One other word of caution, are you getting your son on the ladder or is he at all interested. What happens if he meets a significant other and never comes back.
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