Property Advice

[GWM1996]

Hi all,

I have around £100k total savings invested mostly in ISAs (including £10k in LISA) and I'm looking at getting into property. I am considering buy a property outright and then renting it out but I don't think I fully understand the advantages/disadvantages of this. Could someone with experience/expertise perhaps offer some advice or alternative routes for investing my savings into property?

In the event I do own a property I would have to have someone else manage it due to my own work commitments, I realise this impacts on the potential profits available to me.

Thanks for any help anyone can provide.

-GWM

 

[Alphaletz]

I'm following this thread out of interest. Personally, you could always look at the option of self-managing your rental property. If you do so, I recommend getting hold of a good property management software like Alphaletz.

 

[Jpspropertymill]

Hi all,

I have around £100k total savings invested mostly in ISAs (including £10k in LISA) and I'm looking at getting into property. I am considering buy a property outright and then renting it out but I don't think I fully understand the advantages/disadvantages of this. Could someone with experience/expertise perhaps offer some advice or alternative routes for investing my savings into property?

In the event I do own a property I would have to have someone else manage it due to my own work commitments, I realise this impacts on the potential profits available to me.

Thanks for any help anyone can provide.

-GWM

Hi GWM,
That is certainly one option you could look at depending on the house you buy and what you want to achieve with your ££ . I have 15 BTLs and Airbnbs and I have done multiple flips over the years . They big question comes down to what you want in say 10-20years time ? Send me a message and I'll advise you and see if I can help .

 

[Jpspropertymill]

I'm following this thread out of interest. Personally, you could always look at the option of self-managing your rental property. If you do so, I recommend getting hold of a good property management software like Alphaletz.

Hi alphaletz,
The same as I mentioned above if you need abit of advice on anything related to this just message me

 

[jordypreliminary]

It's definately not that easy that you think

 

[saipatil5666]

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