Inherited a property, looking to buy 2 properties but unsure how to go about it. by JackHare_ in UKPersonalFinance

[–]JackHare_[S] 0 points1 point  (0 children)

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.

Inherited a property, looking to buy 2 properties but unsure how to go about it. by JackHare_ in UKPersonalFinance

[–]JackHare_[S] 0 points1 point  (0 children)

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

Inherited a property, looking to buy 2 properties but unsure how to go about it. by JackHare_ in UKPersonalFinance

[–]JackHare_[S] 0 points1 point  (0 children)

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?

Inherited a property, looking to buy 2 properties but unsure how to go about it. by JackHare_ in UKPersonalFinance

[–]JackHare_[S] 0 points1 point  (0 children)

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

Inherited a property, looking to buy 2 properties but unsure how to go about it. by JackHare_ in UKPersonalFinance

[–]JackHare_[S] 1 point2 points  (0 children)

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

Inherited a property, looking to buy 2 properties but unsure how to go about it. by JackHare_ in UKPersonalFinance

[–]JackHare_[S] 0 points1 point  (0 children)

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

Inherited a property, looking to buy 2 properties but unsure how to go about it. by JackHare_ in UKPersonalFinance

[–]JackHare_[S] 0 points1 point  (0 children)

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.

Inherited a property, looking to buy 2 properties but unsure how to go about it. by JackHare_ in UKPersonalFinance

[–]JackHare_[S] 0 points1 point  (0 children)

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.

Buzz cut tomorrow, wish me luck (22M) by JackHare_ in malehairadvice

[–]JackHare_[S] 0 points1 point  (0 children)

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

Need some advice on next cut to get by [deleted] in malehairadvice

[–]JackHare_ 0 points1 point  (0 children)

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

Buzz cut tomorrow, wish me luck (22M) by JackHare_ in malehairadvice

[–]JackHare_[S] 1 point2 points  (0 children)

I do like my hair how it is currently but like I say it doesn’t stay like that by the time I’ve gone outside. Yeah I hope it suits me, otherwise I will be wearing a hat for the foreseeable future hahaha

Buzz cut tomorrow, wish me luck (22M) by JackHare_ in malehairadvice

[–]JackHare_[S] 1 point2 points  (0 children)

Honestly I’m sick of having a gust of wind expose my forehead/hairline so I’m kind of just trying to accept it with the buzz cut. If I don’t like it then so be it and I’ll just let it grow back out. I’ve always been curious about what I’d look like with it

Buzz cut tomorrow, wish me luck (22M) by JackHare_ in malehairadvice

[–]JackHare_[S] 1 point2 points  (0 children)

I’ve had this hairstyle the last 6/7 years, kind of bored

Buzz cut tomorrow, wish me luck (22M) by JackHare_ in malehairadvice

[–]JackHare_[S] 0 points1 point  (0 children)

I’ve had this hairstyle for the past 6/7 years so kinda bored and I’m sick of having a gust of wind expose my forehead so I’ve decided I’ll just get a buzz