From my understanding, if I buy a UK £150k property via interest only mortgage and I rent that property out to generate positive cash flow over 5 years, assuming the property rises to £180k in those years I have made 5-years worth of rental income AND can also sell the property at the end of the term whilst keeping £30k due to rise in the property price.
It seems like a win-win if I’m not looking to live in that property or trying to accrue equity?
Am I missing something here?
submitted by /u/-Adapted
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From my understanding, if I buy a UK £150k property via interest only mortgage and I rent that property out to generate positive cash flow over 5 years, assuming the property rises to £180k in those years I have made 5-years worth of rental income AND can also sell the property at the end of the term whilst keeping £30k due to rise in the property price. It seems like a win-win if I’m not looking to live in that property or trying to accrue equity? Am I missing something here? submitted by /u/-Adapted [link] [comments]
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