Hey hey Monzo crew,
So unfortunately in the past few weeks my Nan has passed away but as a result in this I have been left £50,000 and I’m looking to buy a house with this as the deposit.
So basically I’m 21 and currently live with my parents, I have no need to move out anytime soon and currently my girlfriend is in Uni and lives with us (to therefore put the extra money in savings, instead of paying their high rent fees!)
So in respect of this I thought it would be good to go down the buy-to-let route and rent out the property for 2 (maybe 3 years) before moving into the house in order to get even more money and in the hope of saving during this time as well.
It would be nice to then remortgage after the 3 years and buy another property and so on, but that will need to be thought about.
Is there anyone here who has experience with HMO’s that I can pick their brains with for a minute?