Posted by admin | Posted in vacation rentals | Posted on 09-12-2009
Tags: antapartments, landlord, rent, rental, rentals-in-ks
Would it be a wise move?
Instead of buying property in the u.k., to buy a luxury apartment abroad, in say, Florida – rent it out as a holiday home, use the income from that to rent here and live in the u.k., and eventually retire to the apartment abroad? Does that sound like a good idea? My boyfriend said NO, it`s a rubbish idea – and to buy here and live here and retire here. Does anyone else have a property they rent out abroad and is the rental income any good???
(a) Can you guarantee the rental income from the Florida apartment? You’ll still have rent to pay in the UK when it’s empty.
(b) Who are you going to pay to manage/clean the apartment while you’re 5000 miles away?
(c) Are you sure you’ll get a Visa to retire to the USA in X years time?
Prairie Village, KS Investment Property
