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Rahi Ahmed

What route to take, to eventually quitting our jobs?

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Hi all, me and my wife’s goal would be to quit our jobs and go into property full time ( or at least me ).
In 2 years time, we would be looking to have at least £300k equity in our home with £200k left on mortgage after 5yr fix rate ends, est worth £500k+ ( worth £450k at the moment ). What would be the best route to take, to eventually making me be the first to Quit our jobs then my wife to follow suit straight after ( hopefully)?
Do we go down the buy to let route or do we buy property/s to do up and sell? If we went down the buy to let route, would it be best to buy place/s ready to rent or do the place up and rent afterwards to potentially bringing in more rent, or
if we went down the route to buy, do up and sell, at first it’ll be just cosmetic stuff like new kitchen, bathroom, heating system and maybe wiring, but nothing structural at first until we have maybe done a few already. At the moment we have a repayment mortgage, so would we do the same with the others or interest only mortgage? We both earn over the £30k mark, so we would need to plan to make sure we have that amount of income coming in to cover my income and hopefully both of ours.


Thanks in advance

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  • 343 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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