250k First time buyer. General Advice.

[martytomas]

I have 250k cash to spend on a house or houses to rent it out. I am a first time buyer. I cannot get a mortgage to increase the budget. I do not ever want to live in the house, I want to rent it out is some way then maybe use it in later life as first step into property investing. I plan to use the money from the rent to live in Mexico and maybe to sell the house to pay for retirement if needed. Does anybody have any general advice for my situation? I am new to all this and just beginning my research. Hoping people can point me in the general direction...

 

[bhupinderbhatti]

Purchasing real estate is a wise decision. Renting your home after you've purchased it is also a viable option.
When buying a house, I would advise you to utilize a competent real estate company.

 

[Dora Wi]

There is a "Member Ebooks" section on this site where you can find some materials about the basics of real estate investing, including buy-to-let options.