I would like to invest in property and I have £250K to spend. Should I buy two properties or one? I thought two may be better to:
* allow an income even if one isn't rented yet or there are problems.
* less risk if the property was ruined by bad tenants.
*If I buy in two areas I may smooth out any sharp rise or fall in the increase (or decrease) in value of properties in a certain area.
I live abroad and will have the property/ies fully managed so I was thinking one property would be better:
* to lessen start-up and paperwork fees - I assume they'd double as there's two flats.
I intend to buy in Scotland. I'm not sure if there are tax implications with buying two properties instead of one? I have been in touch with a property management company but they were unable to advise me on this matter.
Any insights very welcome!
Thanks,
Charlotte