As per the title, father-in-law has passed on leaving his estate to his dau
ghter (my wife).....it looks like the final figure after taxes is going to
be approximately £1m.
Never having had ready access to that sort of money, and not prepared to pa
y greedy financial advisors with self-interests, where to go?
I assume a couple of properties (£700k) will get two decent four bedro
omed new-build houses around here that would command £1k per month eac
h in rent.
Is property a good investment? £24k per annum in rent for a £700
k outlay is 3.5% so it seems good.
And what to do with the remaining £300k?
- posted 2 years ago