UK Landlord Forum / Life

HI, myself and 3 siblings have inherited several investment properties, split into about 12 flats all rented out and with no loans outstanding, we now wish to start to manage the properties, many need upgrading and we are looking to expand the portfolio using the capital to raise funds. Looking for any advice or guidance on the type of entity we should be using for this, while a Ltd company seems reasonable the properties would need to be bought which would expose us to CGT and Stamp Duty although that might be worth paying if this is the best way tot manage them in the long term?
Are there other possible options, partnerships etc?

Any advice much appreciated!

I would like to give you some advice, but my worry is how you are going to divide the work, and how you all get along.

You have to make your mind up purely on personal dynamics, and this sort of situation with no clear boss is always going to end badly in my opinion.

Sorry, if that is not what you asked, but you have to put the horse in front of the cart, and actually decide whether this in the first place is the right way of doing things.

Personally I would prefer to actually split it up, so you all get 4 each or what ever as any form of equal partnership, with two is hard, three counterproductive, four impossible, add in 4 wives and you have anarchy.....

Great points, idea is that we appoint one of us as the lead. The idea is to understand what's possible first before going ahead.

Many thanks for the feedback, certainly highlights the complexity of what we are attempting.