Is it possible to get 100%mortgage on an...

[paul p]

...investment property to rent out in Florida? I live in the uk?

[Steve J]

Yes it is possible, but that market in Florida is in meltdown and most such properties are struggling to reach 20% utilisation - look very carefully, you may be better to wait for the crash to bottom and then try to pick up something.Good luck, Steve.

[flopsy]

Are you mad? I know several people who have houses in Florida and cannot rent them out and can't sell them either. It really isn't the place to buy a house just now.

[JACQUI C]

I owned a house in Florida for 14 years selling it in 2001 it was the worst investment I ever made. Only benefit I had was when I sold it the dollar was low (1.38) so made up a bit of money that way. Rentals are very difficult to get particularly now there are so many new hotels. You will never rent it out enough to make it a good investment as you also have to pay rental taxes and sales taxes as well as UK tax on it. Better off buying a property in the UK if you want an investment that accrues.