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  • Buy-to-Let

    I've done it!!!

    Gary, I've looked at several mixed use properties like your purchase, but one thing that was always a problem getting a loan was that I didn't have a commercial interest in the commercial part. How did you get round this problem? Did you even get a loan on it in the end?

    Thanks.

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    This was a cash purchase, from the sale of an inherited property. I haven't explored the options of borrowing against it, but as its mixed use I doubt it would be straightforward, but there are usually options.

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    I've been following your 2 year journey with interest.  Really pleased that you have reached a milestone.  Congratulations  and good luck with the unknown basement, I'll be waiting with baited breath.

    Fred.

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    Thank you Fred. The additional storage unit has a high end kitchen stored in it (which I presume will be removed), who knows what I'll find in the basement. I'm prepared for the worst but hoping for a pleasant surprise.

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    Great news Gary. I was actually looking at that place pre-auction. Maybe it was from reading your previous posts haha.

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    Hi Gary,

    Congratulations on both selling your inheritance property and winning the one at auction!! It is always great to see people progress in their property journey.

     I hope yours continues to go well for you and can’t wait to see what happens next!

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    Transparency notice: OneandOnlyPro is a commercial partner of Property Tribes.

    It will be interesting times ahead. I'll find out soon what development potential I have, if any.

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    Congratulations Gary the sealed off basement sounds intriguing. I hope you don't find any skeletons in there!

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