I rent a flat and today recieved a letter through the door entitled sell & rent back your home!!! Save yourself from repossesion. Im guessing it was al eaflet drop and everybody in my area got one, which is interesting. The companys website is www.repossessionrescue.org. It says it was setup to help combat the sharp rises in repossessions happening across the country.
Ive been asked to invest in a 4 bedroom villa in florida. I have no idea about this type of thing but wondered what the general feeling towards buying such a proerty in that area is at the moment. The property would be purchased on a 30 year repayment mortgage and then rented out for 40 weeks a year through a management company who take 30%. Anybody who knows any positives or negaties please chip in. thanks