Raising Money for a Wreck Can Be a Challenge ; Buy-to-Let Investor

Mail on Sunday › April 27, 2004

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Summary

W. B. writes: I think it makes financial sense to buy a cheap, wrecked property to renovate and then let, rather than paying top price for a new flat. How easy will it be to make money?

N. S. replies: You are not alone in wanting to turn a rundown property into an income generator. Just turn on the TV and see how many people are trying to become mini property developers.

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Raising Money for a Wreck Can Be a Challenge ; Buy-to-Let Investor

But the process is not always as easy as it looks. For a start, th...

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