Investing in Property Funds, is It a Good Idea?

xylophone

You might try

https://adviserbook.co.uk/

When the menu comes up, tick "confirmed independent" and other specialisms as required.

smashy

mollycat wrote: »

I don't mean this unkindly but I think someone has to say it

I've read both your threads; maybe I'm overly sensitive to these kind of things, (apologies if so), but your posting is screaming "accident waiting to happen" in a financial sense.

Given your starting level of knowledge, (the interest rate thing exemplifying it), rather than doing the bits of reading and coming up with less than ideal ideas, can't you just find an IFA and see what he/she proposes?

Maybe get some forum opinions after this.

Nothing wrong with DIY or educating oneself, but I can't be the only one here who has "the fear" with regards the money you have inherited and some of the ideas you seem to be considering.

I wish you well; good luck.

I'm not gonna invest my money on anything before I understand it and am fully sure of what I am doing, which means having a IFA that helps me on that. I'm not gonna invest on anything on my own.

What I have been asking here is ideas I have been having and ask you guys if they are realistic and good ideas, that's it.

kangoora

OK, you did ask for it. My opinion, investing in a rental apartment opportunity abroad is a bloody terrible idea with your level of knowledge and the fact you don't even own a property in UK to call your own.

I also agree with the above poster that you appear to be bouncing around looking for the next 'get rich quick' scheme and are paying absolutely no attention to the sensible, well meaning advice others have proposed multiple times. 'Get rich slowly' works a lot better than bunging everything you have in some fad or scheme or investment 'opportunity' you've googled or seen on facebook.

The way you seem to be wanting to approach investing is chuck all your money into something inappropriate and/or potentially a scam.

I'm now out of this thread - if you can't be bothered taking the advice already offered there's no point reading/suggesting anything more as far as I'm concerned.

[Deleted User]

I was going to invest in the TM Residential Property Fund (think it's a fund, not a reit), but the high management charges put me off.

seacaitch

I'd suggest the OP, smashy, sticks Post-Its all over their fridge saying the same thing:

"Money that comes easily disappears quickly, but money that is gathered little by little will grow."


The above is particularly the case with those previously unaccustomed to having or managing much money, and therefore lacking the past experience and knowledge to help them make sensible decisions. Things that may seem reasonable to them will often scream "Danger, Will Robinson" to experienced people such as some of the posters here.
https://www.youtube.com/watch?v=1IPPn9t6dyE


Hopefully smashy will proceed very slowly, seeking input from unbiased sources who've an idea what they're talking about, so as to build up their knowledge before making any big decisions, else risk making a big expensive mistake.

Zero_Sum

Personally think you should be looking at LISA or HTB ISA & start saving for deposit for buying your own house

IanSt

OP, please don't take this the wrong way, but you need to get rid of the mindset that "people are out there wanting to help me make money" and change it to one of "people are out there wanting to scam me out of my money, and they are very clever and so can make me make bad decisions whilst thinking they are good decisions".

Loans from banks are very cheap, so always think, "why would any company decide to let me make big returns by buying whatever it is from them, rather than getting a cheap loan and make this big money themselves".

johnadams7

smashy wrote: »

I am thinking about buying a house to rent for holidays bookings.

I still have to research more into this of course, but the location I am thinking (not UK), they have apartments for sale inside 4 star resorts near the beach for as low as 70k.

These properties are fully booked during the summer months (which is May to September) and owners make large profits from it. They are usually booked in the Winter too although prices drop.

The other option is renting to a normal tenant all year round.

For a 70k property the deposit I need would be very low and the monthly mortgage repayments very low too.

I can invest the rest of my money into pensions, etc, and still use the profit from the holiday bookings to help pay the mortgage quickly whilst still make a profit that I can invest as well.

And then rent a house for me during this period and buy one for me to live later on.

The properties to buy to live in my area are all quite expensive (minimum 180k).

I don't know if this is a good strategy since I still have to research more and get a good IFA, but I like this idea.

Not a good idea.

Also judging by your post ?monthly dividends? I'd suggest you get financial advice.

You don't just get dividends from property.

I think you are onto a looser with the holiday property idea. You make it sound so easy. If 70k was all you needed and you'd get major returns everyone would be doing it.

Off to an IFA you go would be my advice, in the strongest possible terms,

MaxiRobriguez

Smashy, please stop, take stock. You float an idea here, some very knowledgeable and experienced people tell you it's a bad idea, and you move onto the next thing without considering why or yearning to learn more.

It is as clear as day that you don't have the knowledge, experience or discipline to invest without help.

Seek an IFA, otherwise you'll be at risk of losing it all. There is no shame in using IFAs.

londoninvestor

johnadams7 wrote: »

Also judging by your post ?monthly dividends? I'd suggest you get financial advice.

You don't just get dividends from property.

smashy, from what you've said on other posts, you're earning well, and so it would be worth rethinking whether you need to restrict yourself to investments that provide monthly income rather than capital growth. If you don't need investment income to fund your day-to-day spending, you should be able to consider (with an IFA's help!) a wider range of options that provide long-term capital growth.