Hello,
I was browsing through a few local houses for sale when I noticed the overseas section on
www.rightmove.co.uk. On there I found properties going for virtually nothing situated all around the world, for as little as £7-8k.
Now I found out recently that I was left some money in a will by my grandfather when he died (He died when I was 6 so didn't really know him) and I can't touch the money for 3 years, when I turn 18, The amount is just over £60k. However, my parents can access this money and I thought of buying 3 or 4 of these cheap properties and renovating them to high standards (for those areas anyway). This would be run as a long term thing, and apart from the main business I want to run.
Do you think I would be better to leave it in the account and not risk it or go for it and buy up a couple of these places?
Thanks in advance and take care,
Ben