She's planning on buying a 3 bed flat in tooting. Renting out to four different people. On an interest only mortgage it will be about 1400 a month and will bills she thinks she will make 1000 profit each month as each room will go for 600 apprently. She's not taken into account void periods, matinance , interest rate rises etc.
I've just nodded and said nothing, but it sounds like a huge gamble with her inheritance money.
Anyone know tooting, will a room go for 600 in a place without a lounge or garden?
Please or to access all these features
Please
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AIBU?
to think my friend is crazy with this buy to let plan
35 replies
stolenview · 04/06/2015 21:29
OP posts:
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