Property Investing vs ISA

IanManc

I think the OP should go back to basics: do you want to start and run a property letting business?

It's an "opportunity" I'd swerve.

And why does the "family member" want out of being a landlord so much that he/she is offering to sell the property at "below market value"?

Hoenir

MX5huggy said:

 If you run a company they would also lend you millions. There’s a man near me who owned 1 petrol station now his group has 60 plus all on borrowed money. He nips around in his Aston, Range Rover and helicopter.

The money advanced is secured against something.  Rewards come with managing a business successfully.  When times get financially challenging. Then all that leverage and expensive lifestyle to fund are like a millstone around the neck.  Drags you under. 

Albermarle

From a practical point of view it is better if you run a BTL, Airbnb etc , if you have some good DIY/handyman skills, rather than having to keep callng people out and paying them. 

daveyjp

Reading the first post there is no indication of what type of investment property is being offered.  Assumption is a residential property, but it could also be a shop, a small unit or even a car park.

DeeNexus

Hi I have just one property as a landlord and its much more tough business than it seems, finding right tenant , receiving rent on time and when they leave, if they leave your house in bad conditions , cost of repairs etc gets eaten from your profit. 

so do lots of research, make sure you are aware the pain and stress it brings before you become a landlord 

poolboy

Long term landlord here, there's no way I d start again now.  My rents are low as have good long term tenants and I bought at c half today's values.  My yields must be double digits and I still don't like being a landlord.  It's part regs but mainly the stigma, it awful.  I have to listen to tenants who really are struggling, if I sold up they d be homeless.

My isa s in comparison just plod on reinvesting divis and are fairly defensive, no great gains, no great losses.  Sipps and isas are just numbers, property is people s lives.

Please don't do it, have you recently upset the family member.

Sovereign_Hunter_999

ISA 100%. Good luck.

skyblue5559

poolboy said:

Long term landlord here, there's no way I d start again now.  My rents are low as have good long term tenants and I bought at c half today's values.  My yields must be double digits and I still don't like being a landlord.  It's part regs but mainly the stigma, it awful.  I have to listen to tenants who really are struggling, if I sold up they d be homeless.

My isa s in comparison just plod on reinvesting divis and are fairly defensive, no great gains, no great losses.  Sipps and isas are just numbers, property is people s lives.

Please don't do it, have you recently upset the family member.

Thanks for this comment. This is exactly what has been holding me back from buy-to-let. I don't think it's the right investment for me.