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Old 09-03-2012, 15:29   #1
techguyone
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Join Date: May 2010
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Money/Economics/Savings query

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
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