Purchasing second property
I purchased a 2 bed terraced house in July last year with a lovely tenant. Estate agent manage it for me. All going well.
I am now currently thinking about purchasing a 1 bed flat or 2 bed small terraced house in Merseyside, in order to increase my portfolio and give me a better income.
Does anybody have experience of this ie what are pitfall? Rent on these properties would still be below personal allowance, so not much tax to pay. I would probably get 2nd property managed as well. I am looking to purchase around Merseyside.
Thanks in advance
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