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Selling is a ballache but you’ve got to do it; it’s likely buying in to fairly risk free investments with the £400k or whatever you place will sell for will pay you more £ per month than the rental income.
Granted there’s the chance of the place going up in value but flats...eh unless in a super cool area and you got in at the bottom I think you won’t achieve great gainz in the mid term
Howard-
But then I have only one place. I like the idea of leaving my first place alone, so if the second place goes tits up I still have the first place as a roof over my head. Plus I'm looking elsewhere, so I'd have two places in two locations if needed.
My place has doubled in value since I bought it but so has everything else so that's kind of irrelevant. If I find a place to buy that requires the selling of my current place then I'm locked in to waiting for some dickhead buyer and all that nonsense. I'm more inclined to buy a second place and pay it off while leaving the first alone. I guess then it's two smaller places rather than one big place but the risk is less right. I dunno
hippy
I'm mortgage-free. I have no interest (sick pun bruh!) in getting a mortgage just to become a landlord. It was more that if I move somewhere I couldn't be arsed with the hassle of trying to sell my place (and I kind of like the idea of having a fully paid off place to fall back on)