Hi guys,
Me and the Mrs currently live in our own places and we are now looking at moving in together and were unsure about our options, at the moment we currently have
The Mrs Place - 1 Bedroom Modern Flat (Ground floor, with large backyard which is all decked out) - think she paid around £77,000
My Place - 3 Bedroom House (1940's, has been steadily upgraded over the past 5 years) - i paid £85,000
Now we could sell both of these properties and get a new house im guessing around £150-160,000 which would be great but is possible to get a new place and retain both properties for renting out? my house would be great for a family and the mrs would be great for a young person or professional etc. or the other option is to sell 1 of them and rent just 1 out, we are thinking for the future that owning more property would be a good investment, can you use the 2 current places as collateral for the purchase of a new place? i have no idea about any of this and wondered if any of you had done it and if so can you offer any advice, recommendations etc.
e.g. you hear about these firms that guarantee you rental income even if the house is empty etc. and it just sounds to good to be true, so im guessing you get less money per month than you would renting normally?
as you can see i have no idea so any ideas, comments are welcome.
thanks
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