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Old 30-05-2007, 11:15 PM
NIC356 NIC356 is offline
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Join Date: May 2007
Posts: 1
Default buy to let advice

Jordon,

I think buy to let is a great way to build a good residual income, my only caution would be to make sure you get your numbers right if you are buying buy to let property, so if the worst did happen and say you lose your job or ill health or whatever you know your property's income will cover your mortgage and some. I use the 'Buy to Let Investment Property Calculator' from makedigital.com and look for properties that i can spend a small amount on refurbishing to help me build some strong margin into any purchase I make.

I'm a bit of a fan of Ajay Ahuja's theory of buy to let investment which focuses on an income stream not captial gain. This mostly only happens when sourcing property in Scotland.

Hope this helps.
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