buy-to-let holiday Lodge investment will deliver 8% NET income per annum

Jijo883

Bravepants said:

Also, you would have to pay annual site fees, the lodge itself may depreciate in value, and I believe there would be a clause in the contract with the site owner that you would have to replace/update the lodge every so many years to keep the overall site looking good.

I looked at similar "investments" a few years ago and I decided against them.

If I were you, I would move on.  

Stocks and Shares ISA is my only investment, and I'm quite happy with it.

Apparently, no ground rent or site fees, all maintainence don't by the managing estate. This was their reply...

This investment is also completely hands off, you have no need to worry about any repairs or maintenance required on the lodge. In addition you do not have to find any tenants for this property or deal with any of the issues they might have. The site is fully managed for you at no extra cost, and there are no deductions to worry about either. This includes everything from stamp duty, council tax, any bills to pay as well as ground rent or service charges. This really stands out to me as you can simply sit back and relax while your money works for you making it completely stress free

kuratowski

Thanks for coming back to answer people's questions!

A word of advice: never search for investments or savings opportunities on google or social media.  They are overrun with scammers

Only invest through a reputable, regulated platform or through an Independent Financial Adviser.

And never respond to cold calls.

Jijo883

Aretnap said:

Sounds a bit like what Dream Lodge we're promising. That didn't work out too well. Read this thread from start to finish and decide if you want to invest your hard earned money in something similar.

https://forums.moneysavingexpert.com/discussion/5100470/dream-lodge-group/p1

Thank you aretnap, will do.

Sea_Shell

Lodges are great accommodation for short UK breaks, and we use them a lot.   Especially the big double width ones.

But buying one as an "investment", no thanks.    I don't think I'd want to even buy one for myself to use, as a second home.

But a good quality modern one, on a good residential site, might be worth considering as a retirement home...one day.

Jijo883

kuratowski said:

Thanks for coming back to answer people's questions!

A word of advice: never search for investments or savings opportunities on google or social media.  They are overrun with scammers

Only invest through a reputable, regulated platform or through an Independent Financial Adviser.

And never respond to cold calls.

Yep am pretty savy but this was a curve ball and didn't know what to make of it. 

And there's no information on such a specific topic out there. If you looked at general BTL or student unit to let there are several threads and forums. 

kuratowski

Fair enough, and of course your gut feeling was correct

That seems like a very property oriented list of investments you are considering.  Don't overlook other asset classes.

The most frequent advice on here when people have money to invest?  Put it in your pension.  Unless it's already in your pension, in which case, leave it there until you need to spend it.

Jijo883

I am trying to diversify my portfolio and exploring my options into that asset class. But keeping an open mind.

steampowered

If you would like to diversify your portfolio by getting exposure to property, you could consider investing into a REIT.

There are plenty of reputable real estate investment funds out there which offer good returns and aren't going to go bust. Plus you can invest in those through an ISA or a pension.

elsien

Any apologies from the “one post wonder” sceptics? 

Yes it happens, but at least give people the chance to come back and respond, as the OP has. 

Jijo883

steampowered said:

If you would like to diversify your portfolio by getting exposure to property, you could consider investing into a REIT.

There are plenty of reputable real estate investment funds out there which offer good returns and aren't going to go bust. Plus you can invest in those through an ISA or a pension.

Thank you, I'll look into that.

I already have a stock and shares ISA will look into REITs