That is really interesting. I know nothing about the property rental business but toyed with the idea of purchasing a flat and renting for 10 years or so to hand over to the kids to give them a foot on the ladder. They are probably better ways to give them a foot up, then got the taxes complications too.Lazydonkey wrote: ↑Sat May 16, 2020 7:30 pmWe are selling Shell's flat this year after getting rid of mine a few years ago. For us the hassle outweighed the benefits. I reckoned every call from my letting agent cost me £500 min.
My flat went down £10k in 10 years and Shell's looks like it might make about the same in 12 years.
I guess if it's a cash purchase then it's a different matter but for us, when finance was involved it's not something i'd rush to do again.
I found this article useful, again out of my comfort zone really but want to learn. The "Hargreaves Lansdown" "Good if you need hand-holding" platform would seem suitable, base rule being continuous investment and steer away from day trading:
https://www.moneysavingexpert.com/savin ... redealing/
Having said that, my bitcoin portfolio is doing well ..... made £50 last week in the build up to "the halving" .... its more about learning about crypto rather than serious investment .... serious crypto investment would take balls of steal !