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Podcast: The Property Podcast
Episode: ASK261: Should we remortgage our home to raise investment funds? PLUS: Is £20k enough to get started with?
Description: It’s Tuesday and that means The Robs are back for another episode of Ask Rob & Rob.
First up this week we’ve got Jason and Stacie.
They’re considering setting up a limited company with the goal to have around 20 buy-to-let properties in six to eight years.
They want each property to bring in a £200 profit, once they’ve deducted all costs from the income.
At the moment they have £10,000 in savings and their own residential property where they owe £72,000 on their mortgage, and the property has been valued at £120,000.Â
They’re...