Q: The thought of buying maybe two or three houses and then renting them out, so that the mortgage can be paid for me, does sound like a good option. But I don't know whether this makes financial sense in the long term.
Sunday, November 3rd 2002, 3:24PM
by The Landlord
I at present rent my accommodation, and am not interested in buying to live in, as I believe that it is not financially clever at the moment.
A: One of the strongest arguments against investing in residential rental property doesn't apply in your case.
Most landlords also own their own home. By buying other houses, they are not spreading their risk.
You, though, already have money in shares and none in property. So investing in a house or two has its merits.
You should still watch, though, that you don't end up with lots more in property than shares.
Read More - Opens in a new window
