22 Mars 2010 by milky71 Can someone explain any downsides to leasebacks. I am considering investing my sipp into one. Commentaires Permalien 22 Mars 2010 by JuanAzur Milky Just read most of the forum and you will see the downsides. Can you tell us how this SIPP works with leasebacks? Permalien 22 Mars 2010 by jaward Milky, The main downsides are: 1)Increasingly management companies are not paying,or reducing the so called "Guaranteed" rent! 2)You may have to pay a hefty "Exit fee" if you come out of the lease early! 3)Co-op fees can be substantial and remember it will you,not the management company,that will be coughing up for any building repairs! 4)Almost no chance of selling during lease period! john Permalien 23 Mars 2010 by milky71 Are they still popular. Permalien 23 Mars 2010 by jaward There popular with agents,lawyers,accountants,mortgage brokers,notairs & the new Leaseback fixers or any other fee chaser! john Permalien 8 Décembre 2013 by rcummings Do you have a few years free to listen to the problems??
Permalien 22 Mars 2010 by JuanAzur Milky Just read most of the forum and you will see the downsides. Can you tell us how this SIPP works with leasebacks?
Permalien 22 Mars 2010 by jaward Milky, The main downsides are: 1)Increasingly management companies are not paying,or reducing the so called "Guaranteed" rent! 2)You may have to pay a hefty "Exit fee" if you come out of the lease early! 3)Co-op fees can be substantial and remember it will you,not the management company,that will be coughing up for any building repairs! 4)Almost no chance of selling during lease period! john
Permalien 23 Mars 2010 by jaward There popular with agents,lawyers,accountants,mortgage brokers,notairs & the new Leaseback fixers or any other fee chaser! john
English
Français
Commentaires
22 Mars 2010 by JuanAzur
Milky
Just read most of the forum and you will see the downsides. Can you tell us how this SIPP works with leasebacks?
22 Mars 2010 by jaward
Milky,
The main downsides are:
1)Increasingly management companies are not paying,or reducing the so called "Guaranteed" rent!
2)You may have to pay a hefty "Exit fee" if you come out of the lease early!
3)Co-op fees can be substantial and remember it will you,not the management company,that will be coughing up for any building repairs!
4)Almost no chance of selling during lease period!
john
23 Mars 2010 by milky71
Are they still popular.
23 Mars 2010 by jaward
There popular with agents,lawyers,accountants,mortgage brokers,notairs & the new Leaseback fixers or any other fee chaser!
john
8 Décembre 2013 by rcummings
Do you have a few years free to listen to the problems??