How would you invest £500k?Make Text Bigger
Having recently joined this group and fairly new to looking at property as a way to replace the day job (and salary), I’m interested to hear from experienced investors on how you would invest £500k in this current climate, for the maximum return and with the least amount of risk and hassle!
I have 2 BTL flats, purchased under market value, one with a housing association which seems to be a good way to avoid ‘voids’ and too much involvement with a 7% return. The other flat has a private tenant returning 7%. Both have been purchased in the past nine months. I have a property in Turkey I’m considering renting out but as yet, I have not looked into the potential tax implications.
I’ve been on a number of courses including HMOs, BTLs and Buying distressed properties so I’ve got an idea of how much time commitment each is likely to require and ideally, I’m looking at creating a strategy that doesn’t require my full time involvement and one that will produce cash flow at least in part. I’m based near London.
Any ideas welcome!
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