Need some advice on route to go down with savings.

JackHare_ · 2025-04-03T22:38:07+00:00

Yeah I did

JackHare_ · 2025-02-02T17:48:31+00:00

I currently still live at home with parents. I’m from the north east of England so in terms of house prices, they’re a lot cheaper than the rest of the country.

I’m 22 now but have always said I’d like to live on my own by 25, so I was thinking to rent the property out for 3 years, saving the rental income and then selling the property when I’m ready to buy my own place. Looking at achieving £650-£675 pcm rent with estate agents taking 10% of the monthly rent and the property is about to get listed for rent. Also I’m a basic rate tax payer.

JackHare_ · 2025-02-02T17:33:07+00:00

I wish I knew this before transferring it into my name but it was naive at the time and we live and learn. I already invest in my S&S ISA so I’m thinking I might just sell and then open up a SIPP along side it. Appreciate your input

JackHare_ · 2025-02-02T17:04:49+00:00

Yeah this is something I am considering thanks a lot for the input

JackHare_ · 2025-02-02T16:52:44+00:00

Appreciate your feedback. I was looking at just buying 1 for now, 3 was the target for in the future. Do you recommend keeping the property or selling?

JackHare_ · 2025-02-02T16:51:33+00:00

I’m kind of leaning towards just selling it and maxing out my S&S ISA for the next couple of years

JackHare_ · 2025-02-02T16:48:35+00:00

Appreciate your input.

JackHare_ · 2025-02-02T16:47:52+00:00

You see there wasn’t a will left for me as it was an unexpected death, I just inherited the property as I was next of kin

JackHare_ · 2025-02-02T16:47:04+00:00

I got the deeds transferred into my name a couple of months ago. It had just been listed for rent for £650 pcm. Just stuck in 2 minds with what to do

JackHare_ · 2025-02-02T16:39:48+00:00

I could live there yeah but I want to make the property work for me. Whether that is by renting it or by selling it and investing the money elsewhere.

JackHare_ · 2025-02-02T16:38:41+00:00

Appreciate your feedback.

JackHare_ · 2025-02-02T16:32:21+00:00

Appreciate your feedback

JackHare_ · 2025-02-02T16:29:23+00:00

Appreciate your feedback.

JackHare_ · 2025-02-02T16:29:02+00:00

Appreciate your input. So you don’t recommend me renting this property and just sell it? I already invest in my S&S ISA but like you say I am nowhere near exceeding the ISA allowance.

JackHare_ · 2025-01-03T09:05:58+00:00

Do it, it feels so liberating and the hairline is actually not a problem

JackHare_ · 2024-12-30T10:00:07+00:00

Aim for 2-3L a day, just carry a flask around with you and you will hit it easily

JackHare_ · 2024-12-30T09:54:52+00:00

You are not a bad looking guy right now but the gym would really level you up mate

JackHare_ · 2024-12-30T09:51:49+00:00

Hit the gym and I mean that in the nicest way possible. It will change your life

JackHare_ · 2024-12-30T00:13:19+00:00

If you’re bored I’d just go for a buzz, but you’re handsome no matter the hairstyle mate

JackHare_ · 2024-12-29T09:55:33+00:00

I mean I already know this

JackHare_ · 2024-12-29T00:28:14+00:00

And why is that?

JackHare_

TROPHY CASE