r/PropertyInvestingUK

Recommendations for companies that can help with sourcing properties for supported living / temp accommodation

Hi all,

I currently live at home with my parents and have the opportunity to invest in property and am wondering whether to buy a small house to run as an air B&B. Where I live, one beds are between £125k and £170k. My gross salary is £25k and my take home pay is about £19k. My parents may be willing to help in some way but we want to make it as tax efficient as possible.

In between 3 and 5 years time I would like to buy my own place, and the air B&B is intended to make some money over the next 3 years while I work.

I would either keep the air B&B if it was performing well or sell it to fund my own home.

I'm unsure whether I need:

• A commercial mortgage
• To set up a limited company with my parents
• To set up a trust
• To not bother!

Any advice welcome :)