You guys no doubt have answered a lot of this with others in the past and would appreciate any help and advice in this area.
We will soon have £20,000 deposit to procede with and intend to take out a US based mortgage for tax reasons we were made aware of and what has really started our plans off is that programm a place in the sun and the more recent one where it shows the brits have gone to florida to work and set up homes.
Our interim plan is for :
3/4 bedroom villa with pool and usual comforts of such a home.
Location: not decided, but may greatly depend on lending ability we will get.
The sort of things we now need to know is property management companies that wont rip you off and by that i mean, the year before last we stayed in a villa and the pool light needed replacing as it was reported by previous people. They sent a man who did the job for a side line ( moonlighting job) replaced the bulb, still didnt work, replaced the fitting and bulb, still didnt work came back the day after did something else and still didnt work , but then tried the fuse and it worked, but left the new bulb and housing in and we think would have charged them for it.
We also need to know what to expect when we approach a US mortgage company...if we apply for a $130,000 are we guraranteed to get it? or is it means based as uk mortgages?
We know our sucsess in renting it to holiday makers will depend on villa location, but what would the worst case scenario be if we had a reasonable location with reasonable facilities and so on? i couldve worded this better cos you are going to say reasonable...lol
anything else you might think we need to know would be a great help.
thanks
we appreciate it.
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