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Inheritance and house-buying
TraceyJB
Posts: 7 Forumite
My In-laws are coming into some money soon & want to invest in property. Firstly, is this a good idea given the current situation? PLUS we are considering renting a property & wonder if we should approach them to possibly combine the 2 together (we rent a property off them) BUT we are thinking of moving to the coast some 200 miles away. We obviously dont want them to squander their inheritance, but we also dont want them to risk 'playing Landlord' if we moved & they bought a local property, when they have never done this before. Should they invest most of the money in a property or only part?? 
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Comments
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Well, property is still a good thing IF they are thinking long term. By that I mean 10 years at least. Thing is at the moment the money won't increase by anything much if it's sitting in a bank.
No harm in putting an idea to them but why are you so concerned that they would be 'playing landlord'? I'm sure they are quite capable of renting out a property!0 -
You havent met my In-laws!! They were originally looking at the local area & Im worried they will get ripped off by dodgy tenants, non payers etc, at least with us they know their house is safe & rent is regular. We will also have the knowledge that our landlords are ok, as we have never privately rented before. Just trying to cover all eventualties thats all.0
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