Ltd Company or Personal Name for newbie buying for cash?Make Text Bigger
I’m 23 years old, just finished under-graduate university and currently unemployed. Starting a Masters degree in property in Sept 18.
I have no income and unlikely to be fully employed until July 2019; but have capital which I want to invest in property now. Mortgages are unavailable to me due to no income.
In the next couple of years I intend to have 2-3 investment properties which I want to hold and rent.
I intend to buy my first investment property with my capital and then refinance later if able to do so.
I also have a friend keen to joint venture with and he currently has annual income of £15,000 from an existing property. He is hoping to start a job shortly so this income is likely to increase.
We have £90,000 between us to invest now.
Currently I’m not interested in making property my sole income and in 2019 I will have another income stream. However, I do intend to keep adding to a portfolio slowly.
I also part own two family properties.
From the above;
should I invest through a limited company or through my personal name?
Does the fact I may joint venture with my friend have any bearing on the above question?
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