J
Jess247
Guest
Hello, I am Jess from Leicester. I have around £115,000 cash to invest from inheritance, and have been looking at property. I have seen a deal where I can buy a 2 bed house in Lancashire, 30 minutes from Manchester where they will guarantee the rental income for the first 2 years at 11% gross, and future years at market rate, around 8% gr. The cost for the investment is circa £55,000, and includes all maintenance costs, they offer around 11% capital growth per year, so total return per year is 22%. They will manage the property, tenants, maintenance, and sale of property when I am ready. So Iam thinking about buy two.
Can anyone advise?
Can anyone advise?