How do you get the best income? If you can save, where do you put your savings?
Inherited property
If you inherit a property, should you sell it and invest the money or keep it and rent it out.
When your income from other sources is low or high, property is one of the options. If you have lots of money, you are advised to spread it in several directions so that you can minimise losses and maximise your chance of having some investment in the rising or jackpot area.
My late father advised me to get out of property and put money in a building society or shares. His reasoning was that managing property is a nuisance. In his grandparents day you put your money into property to use the rents as a pension, even if you rented your own home. But during their lifetime my parents experienced various problems with property.
However, when the banks and building societies are threatening to lose all your money and interest rates sink, property again seems a safer income or investment.
When your income from other sources is low or high, property is one of the options. If you have lots of money, you are advised to spread it in several directions so that you can minimise losses and maximise your chance of having some investment in the rising or jackpot area.
My late father advised me to get out of property and put money in a building society or shares. His reasoning was that managing property is a nuisance. In his grandparents day you put your money into property to use the rents as a pension, even if you rented your own home. But during their lifetime my parents experienced various problems with property.
However, when the banks and building societies are threatening to lose all your money and interest rates sink, property again seems a safer income or investment.
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