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Inherited property: sell or keep and rent out?

27 replies

reuse · 18/05/2023 22:56

My DF died a few months ago. My parents were divorced and I'm an only child, so apart from a few charity bequests he left everything to me. He was very savvy with investing so I'm in the fortunate position of inheriting a good chunk of money in investments as well as his home.

I'm lucky that I have only a small amount outstanding on my mortgage (and a great fixed rate deal for the next couple of years), good pension, and some investments of my own.

With this in mind I'm considering holding on to his house as an investment and renting it out. I've been reading that lots of landlords are selling up at the moment so maybe this is a daft idea. The house is in good nick, in a nice area, though an area with lots of older people so I need to research how much demand there is for rentals of course.

I will be taking financial advice but I would like to start thinking and researching for myself as well (which I will do outside MN as well!)

OP posts:
seekingasimplelife · 13/07/2023 23:01

I'm sorry to read about your DF.

Imagine a scenario where your DF had left no house behind, and all his assets were left to you as savings/investments, (including the cash value of the property).
Would you have then used his legacy to purchase a buy to let?

If not - sell. If so - keep.

Thisisthescene · 13/07/2023 23:44

seekingasimplelife · 13/07/2023 23:01

I'm sorry to read about your DF.

Imagine a scenario where your DF had left no house behind, and all his assets were left to you as savings/investments, (including the cash value of the property).
Would you have then used his legacy to purchase a buy to let?

If not - sell. If so - keep.

Good way of looking at it

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