We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Investment advice 5 properties or one big house.
Comments
-
Very poor return for the capital tied up
Dreamer comes to mind.
London landlords
Stamp duty, capital gains tax, £25K a year income in London so still in your bedroom at home with Mum and Dad0 -
Verynationlowel wrote: »I need some advice please I am 24 years old. I have a trust in my name. In the trust I have 5 houses .
If I sold the houses I would receive 1.7m.
This is my problem. If you where in this postion. Do you keep the properties on rent and work. Or just buy 1 big mansion for 2million and not receive the 80k income a year.
Sell. Buy 0.2 million £1 houses in Liverpool, and 1.5 million £1 pints for thirsty Liverpudlians. :beer:Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0 -
Whats the back story of how you got the properties...?
In your position I'd be putting the Monopoly board away now....the games over.in S 38 T 2 F 50
out S 36 T 9 F 24 FF 4
2017-32 2018 -33 2019 -21 2020 -5 2021 -4 20220 -
Verynationlowel wrote: »I came to ask for advice but every seem touchy.
Anyone genuinely in your situation wouldn't be asking a bunch of amateurs what to do, they'd be getting professional advice. You are simply braindead or lying, take your pick.It's nothing , not nothink.0 -
You need a decent accountant specialising in property to run through this with. with a portfolio that size its worth getting expert advice you can rely on.0
-
For anyone not up to speed who hasn't read this thread already from the OP's last two personas...
https://forums.moneysavingexpert.com/discussion/5757837/3-houses-worth-in-total-nearly-2-million-sell-or-rent
https://forums.moneysavingexpert.com/discussion/5867298/stuck-my-parents-have-3-houses-for-me-in-a-trust-i-cant-get-first-time-buyer-discount0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352.2K Banking & Borrowing
- 253.6K Reduce Debt & Boost Income
- 454.3K Spending & Discounts
- 245.2K Work, Benefits & Business
- 600.9K Mortgages, Homes & Bills
- 177.5K Life & Family
- 259K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards