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fr453rB
New Member
Hi everyone. I'm about to buy a studio in cash in France in a student city. Eventually, I intend to rent the place as guaranteed tennants there. Does anyone know how France works with mortgages: can I use the rental income from that paid-off property to get a mortgage on a slightly bigger place for myself to eventually live in?
A bit of background: I'm a contractor who works in run-down countries so my contract changes constantly hence I can't get a mortgage in my current situation.
Does this strategy make sense or does anyone have any better ideas?
A bit of background: I'm a contractor who works in run-down countries so my contract changes constantly hence I can't get a mortgage in my current situation.
Does this strategy make sense or does anyone have any better ideas?