This is more of and added question rather than any advice as this is pretty new to me. But my qestion is:
If you were to get an 80% mortgage on a leaseback property, would you expect the rental income to pay for the mortgage. Or would you expect to also fund the mortgate out of you own pocket as well for the initial couple of years?
Regards
Tony
Hi
Keep an eye of the details of the rental indexing offered, some are 75% of the INSEE index each year, some are as low as 50% of the index applied very third year. Maybe some offer 100% !
Consider the situation when you want to sell - what will the yeild be to the next investor if your rental growth has fallen behind the capital appreciation (your expected sell price).
Hi, Got to know about you via Marina's post on another website and promised to post on this, so here it is! Me and hubby bought a leaseback apartment with Pierre & Vacances on the Cote D'Azur. We didn't buy from new but the original buyers wanted to sell so we bought 'second-hand' from P&V. They do sell from older developments but you have to go through their Paris Office because these resales aren't advertised as the new-build properties are. It's worth exploring as we found the resales were cheaper compared to new build.
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