location, location, location - which is best????

[SDJ]

Don't expect a retirement fund from buying a property in Florida. If you have spare money, then buy an investment property in UK where you will have a far larger return and no where near the huge amount it would cost you to sell in UK than the almost 9% (including realtor commission and title Company payments).

Think very very carefully. Do you have time to sit at your computer most of the time resounding to bookings, because if you don't, then you really need to think again. It is not easy getting rentals.

Of course, there are benefits, you can holiday whoever you want in your villa….but….most of the holiday will be spent at Home Depot (similar to B&Q) and repairing and upgrading the villa constantly.

Do some serious investigation and don't buy with rose tinted glasses.

Enjoy your visit to Florida and take it all in but don't get carried away.

[Gerry Reed]

I think, if you are being realistic. for most owners, the income from rentals covers the running costs and helps toward the mortgage payments but few owners will get sufficient income to cover all expenses, taxes, maintenance and all the mortgage payments - of course it does depend on the size of your mortgage.

Sue

[steph_goodrum]

I think, if you are being realistic. for most owners, the income from rentals covers the running costs and helps toward the mortgage payments but few owners will get sufficient income to cover all expenses, taxes, maintenance and all the mortgage payments - of course it does depend on the size of your mortgage.

Sue

Even if you have no mortgage you also have to consider whether the same amount of money invested would generate a bigger fund in your pension pot, especially with the news that you can take it as a lump sum (albeit paying tax on 75% of it) Youo may find you get a bigger lump sum like that. When we bought we did consider that if all goes well and we were to sell after paying off the mortgage we would have a lump sum to supplement pension as being self employed dont get the same benefit of employers contributions bumping up the fund.