I'm probably going to come into a reasonable sized inheritance in the next 12- 18 mths
I'm looking at alternative forms of 'banking' or investment to put some of this to good use, whilst I haven't given it substantial thought yet, one idea that crossed my mind was perhaps buying outright a property, probably a decent flat in a managed high rise complex (not a **** one) that's local, where they go for around 50-70k
then perhaps renting it out through an Estate agent/letting agency.
First impression thinking, that it's property owned so that you're holding something of value, and it's working for me by providing xx/month income.
Good idea/Bad idea?
Any really bad pitfalls?
Alternatively, what else is worth looking into besides high interest bank accounts
Voice of reason - mind of a maniac.