investnow
New Member
I've got money for a mortgage deposit and have been trying to find a house I like where I live and am currently renting, but it's all very expensive and I don't even like the houses. It's like tiny apartments for a fortune because they are near the capital city.
About 2 weeks ago I went on holidays to a coastal place like 30 minutes away and stayed in a lovely place with swimming pool, and the owners told me about their story: they bought that house with land around really cheap, and built everything themselves: the swimming pool, the garden, etc. And now they rent it for holidays for tourists, surfers, etc, because the beach is quite near.
And it was like they planted a seed in me, because I would love to do something like that.
Houses are very cheap around there, and there are even houses to renovate which are even cheaper, with a big space outdoors too. So I would have the money for the deposit and for build it.
The only thing is, whilst I do that, I would still have to continue renting. So basically that would be an investment so later on I could buy a house to live that I really like.
Is this a crazy idea? Thank you.
About 2 weeks ago I went on holidays to a coastal place like 30 minutes away and stayed in a lovely place with swimming pool, and the owners told me about their story: they bought that house with land around really cheap, and built everything themselves: the swimming pool, the garden, etc. And now they rent it for holidays for tourists, surfers, etc, because the beach is quite near.
And it was like they planted a seed in me, because I would love to do something like that.
Houses are very cheap around there, and there are even houses to renovate which are even cheaper, with a big space outdoors too. So I would have the money for the deposit and for build it.
The only thing is, whilst I do that, I would still have to continue renting. So basically that would be an investment so later on I could buy a house to live that I really like.
Is this a crazy idea? Thank you.