Hello,
My parents recently downsized, and they have some cash to invest in to the property for their retirement.
Idea is to buy property which will be let through Airbnb.
They would invest £40k and my investment would be £80k. We would buy property without a mortgage.
They don't want to get involved in any management nor they want to be shared owners of the property.
How this could work?
Shall we sign some sort of agreement so they will get 30% of total income?
Can this be done legally at all?
Thabk you in advance
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