We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
PLEASE READ BEFORE POSTING: Hello Forumites! In order to help keep the Forum a useful, safe and friendly place for our users, discussions around non-MoneySaving matters are not permitted per the Forum rules. While we understand that mentioning house prices may sometimes be relevant to a user's specific MoneySaving situation, we ask that you please avoid veering into broad, general debates about the market, the economy and politics, as these can unfortunately lead to abusive or hateful behaviour. Threads that are found to have derailed into wider discussions may be removed. Users who repeatedly disregard this may have their Forum account banned. Please also avoid posting personally identifiable information, including links to your own online property listing which may reveal your address. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
Buy to Let - How I made £100 @ month
Comments
-
This has got to be the worst investment ever. Are you that thick that you cannot make more money for your investment than 1200 a year.
Oh my god. I cannot believe the insanity out there.0 -
I would encourage anyone to look at Realwildones other posts on related matters.
He seems to be a bit upset about things!.0 -
Sorry, but it IS a rubbish investment, even though it happened during a coincidental rise in house prices - something outside of your control.
If we want to include your 10,000 gain, then that makes it a speculative punt. And that's akin to gambling.
As you say yourself, you wouldn't do it again. And yet, you haven't really had much hassle the first time.0 -
I think realwildone is spot on. This is a really poor investment.
£100pm before tax and without any costs (which will come) is not worth the effort and the growth is speculative and could easy have been beaten by other lower risk investments.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0 -
i was reading this thread and wondering what all the fuss was about for 100 a month - you could make that selling junk on ebay!0
-
Lowis - but didn't you know; everyone's a property developer/property tycoon these days :rotfl:0
-
£100 per month...wooopeeee...not exactly Donald Trump are you. However, multiply this by 50 properties and you have a half decent income.0
-
...with 50 times the work and stress :-(0
-
I think anyone with a salary of 60K is going to encounter stress in their job. The majority of my properties cause me no stress/work whatsoever0
-
lowis wrote:i was reading this thread and wondering what all the fuss was about for 100 a month - you could make that selling junk on ebay!
this is so right. my boyfriend and I have paid for two holidays just by selling all our c*#p on ebay/amazon and we also intend to fund our wedding in this way. I also used to make an extra £100 a month by coaching kids for the 11+ for 2 hours on a saturday. Incredibly stress-free, but hardly what I would call lucrative.0
This discussion has been closed.
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 352K Banking & Borrowing
- 253.5K Reduce Debt & Boost Income
- 454.2K Spending & Discounts
- 245K Work, Benefits & Business
- 600.6K Mortgages, Homes & Bills
- 177.4K Life & Family
- 258.8K Travel & Transport
- 1.5M Hobbies & Leisure
- 16.2K Discuss & Feedback
- 37.6K Read-Only Boards