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Property investing buy or sell?

I am purchasing some property in my chosen area, my financial advisor thinks I should sell some property now, rather than hang on to them all and rent them out. I am selling 25% of what I purchase, but wonder whether anyone here thinks the market might improve in the next 5 years? I am purchasing property below market value by 10 to 40 percent depending on how good the property is. My advisor decides which to sell and which to rent. As I do not know much about the property market, I leave decisions in his hands. My real question is should I hang on to more property and rent them, or keep making small profits in the short term? Thank you to all who help with my query.

Asked on Sep 4 2014, Renting in Preston | Report content

Answers (1)

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  • Hi, This is all a personal preference for yourself and your needs. There is of course the chance you can hold on to it for longer and get a higher sale price however there's also the risk it could be less of value. We would suggest you speak with a local estate agent who knows the area of the properties to give you a better understanding of what your best options would be. We hope this helps.

    Answered on Sep 10 2014, Report content

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