Quote: Will Cam @ May 23 2011, 10:03 PM BSTWill Cam has either made the best decision of his life, or the worst. My mortgage is finished next July/August. I have just put an offer in on a second property (releasing equity from my current house). I am intending taking out a mortgage over 15 years. It's a buyers market at the moment so if I rent it out (covers bout half the mortgage) and prices rise again in the near future I might make a good profit (well I won't because the plan is to sell it to my lad in 5 years time for the price we paid for it to help him on to the property ladder). WTF am I doing >_<
Rent it for 5 years. Then sell to kids.