ASK411: Are blocks of flats a good investment? PLUS: Do I need to pay stamp duty?
Update: 2024-01-16
Description
Rob & Rob are back with more listener questions!
- (0.50) Mo wants to get started in property investment and is looking for a strategy that will generate cash flow quickly without taking up too much of his time. Is buying blocks of apartments a good option for him?
- (3.43) Steve is looking to sell his residential home, move into rented accommodation and use the funds towards his property investments. What taxes will he be required to pay?
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surely it's more likely "Mo" means "blocks of flats" - e.g. a house converted 2 or 3 flats, rather than a whole block of 7 or 10 or 30 flats like you'd find in e.g. a new build..?