rockits
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Making money.
- Thread starter Steve GS
- Start date
zagatoes30
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Buy to let is a good investment overtime but it is a bit rich for me.
On the other hand buy for profit cars is an option we ware already following (much cheaper than property), hence why we bought cheap SL and have been looking for a similar 996 Porker. There are quite a few cars around that have bottomed out and that are likely to rise in value over time. The issue with this model is storage but we seem to have resolved that issue as well.
On the other hand buy for profit cars is an option we ware already following (much cheaper than property), hence why we bought cheap SL and have been looking for a similar 996 Porker. There are quite a few cars around that have bottomed out and that are likely to rise in value over time. The issue with this model is storage but we seem to have resolved that issue as well.
Steve, in Greece there are some opportunities for investigating in property, as buildings have lost approx 60% of their value, due to the crisis. From Athens to the islands. PM me if you want to take a look. I own a construction company, therefore i can bring you in contact with some right people.
Steve GS
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I think this would scare me especially with uncertainty over there. I'm not sure I'd want to invest abroad but thank you.
Steve GS
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If I spent 100k on a motor I think I'd be the quickest wedding then divorce in history. And not married yet. That's in June.
It's only a problem if you spend the capital repayments. All depends on your personal cost of capital.
Which I shared your confidence about cars rising in value. If the latter does not happen then the cost of maintenance becomes an issue. With shares you get a dividend and can sell quickly, with property you get rent but illiquidity. With cars it's money out the door until you sell. Horses for course I guess.
TridentTested
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I'm old enough to have witnessed the last bubble pop.
You can be lucky; but then lots of people once made a lot of money buying tulip bulbs. That didn't turn out so well.
Fangio63
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Doohickey
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I work in property development and investment and like most things (and has been said) it depends on your attitude to risk.
The thing about investing in residential is that, as landlord, you are responsible for all maintenance and decoration and get stung when they leave without paying and the place is a sh!t tip which you then have to clean up before you can let it again.
I would look at investing in a commercial unit - say a shop or two in a decent area let to a known name. The shop will probably be let on a reasonably long lease which requires the tenant to pay for all repairs and decoration and the rent is reviewed every 3 or 5 years upwards only so your income never goes down whilst the lease is in place. You often get flats above these so you potentially get the best of both worlds. Depending on where it is, you could get 8% or better with less hassle.
I've never managed to scrape together enough cash to do this but it is what I would do.
Cheers.
The thing about investing in residential is that, as landlord, you are responsible for all maintenance and decoration and get stung when they leave without paying and the place is a sh!t tip which you then have to clean up before you can let it again.
I would look at investing in a commercial unit - say a shop or two in a decent area let to a known name. The shop will probably be let on a reasonably long lease which requires the tenant to pay for all repairs and decoration and the rent is reviewed every 3 or 5 years upwards only so your income never goes down whilst the lease is in place. You often get flats above these so you potentially get the best of both worlds. Depending on where it is, you could get 8% or better with less hassle.
I've never managed to scrape together enough cash to do this but it is what I would do.
Cheers.
Me too. There is no way that I will be buying old cars expecting them to go up and up. Was just trying to be gentle.
FRI leases are great and underline why commercial is attractive, trouble is I have no faith in small retail going forward so I would go office. Trouble is that is bigger ££.
property in London, give me a call
I make investors quite a bit of cash and they keep coming for more.....
You have a model to short the London market?
TridentTested
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Also been doing BTL for approx 13 years.
Initially invested in London (Borough of Wandsworth), but I'm not from the area. Nice gain, and rents have also gone up in that time. There is serious talk of crossrail 2 - if that happens been told property prices will go up disproportionately against average increases - but it is a long way off and who knows..
Remortgaged stuff in London and invest pretty much (save for a float) every penny in property. Been focusing on Kent last 18 months.
I haven't got many properties, but it has made a step change.
If you have the time and spend time researching through Rightmove and Zoopla - they are gains to be had.
I would like to do a renovation project (not personally - **** at DIY) - but just can't find them (where there would be a decent return) and there may be perhaps some difficulty in getting a BTL mortgage.
Initially invested in London (Borough of Wandsworth), but I'm not from the area. Nice gain, and rents have also gone up in that time. There is serious talk of crossrail 2 - if that happens been told property prices will go up disproportionately against average increases - but it is a long way off and who knows..
Remortgaged stuff in London and invest pretty much (save for a float) every penny in property. Been focusing on Kent last 18 months.
I haven't got many properties, but it has made a step change.
If you have the time and spend time researching through Rightmove and Zoopla - they are gains to be had.
I would like to do a renovation project (not personally - **** at DIY) - but just can't find them (where there would be a decent return) and there may be perhaps some difficulty in getting a BTL mortgage.
lofty
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I've got a couple of BTL but usually flip my properties. Nine times out of ten the houses are via deceased estates, they generally need bringing out of the 70/80/90's into the present day. I try and stick close to home as I know the prices, it's also great having only a 5 minute commute with the occasional sly cup of tea back home whenever I fancy. Property is cheap around my way, I recently bought a stone built 2 bed terrace for £93k and a nice 3 bed semi for £195k. I'm currently about two weeks away from getting another house finished and on the market and have two more ready to start, I buy most of them 50/50 with a good friend of mine. I'm a builder so obviously can do a lot of the work myself and have tradesman who I've used for nearly 20 years to rely on. I do think anyone with a little bit of knowledge of their local market and ideally a trusted local builder can make money renovating houses. Three bed semi's are the easiest to flip in my experience.