Buy to let fever?

Tassotti

People were predicting this in 2001, though Meanmachine

This is when I started investing.

I think 2011 will produce a downturn, correction, whatever you want to call it. This, for mewill be the best time to buy.

As I have mentioned in previous threads, a million pounds is not that much money.

Think I need 5 mill to retire...Getting there

Tassotti

F_T_Buyer wrote:

I hope you don't mind evaluating your financies, it is a public forum after all. As for me, I do what I do, I invest in what I believe - and currently I think property is due for big falls. The hard part is the timing.

I am obviously open to whatever, and I sincerely hope people don't see it as bragging!

How about you put your finances on the line and we will see what you are investing in? Not a criticism, actually an interest.

When I was starting out, I was a young upstart, and made a major success( defying 'moneymakers' at that time), so I am willing to listen to you and your ideas.

I am probably a fossile and you could teach me things. I doubt you could teach me anything about the housing market..

Swings..roundabouts..

Heres a quest..I'll kend you 20 grand...and we'll have a competition.

You invEst that 20K in wHatever

I'll take a spare 20 and invest it in property

After 6 months, we'll see who has made the most money

Do you accept the challenge

F_T_Buyer

My finances:

35% in Cash (continuing to add to it)
45% in Gold & Silver (bought last summer)
20% shares in the company I work for (I aint saying the company)

I'm not investing in the stock market, because I think that will struggle with higher interest rates later in the year.

Challenge?

You will only borrow more money, and claim you used your £20k as a deposit. Of which I will just claim I borrowed the same and invested in commodities. You've borrowed £4400k, but if you had borrowed the same and put it in the commodities or the stock market over the last year it would of performed far far better than property. Because of this a challenge is rather pointless.

---

Just thought I would run through the financies on different interest rates:

(Assuming mortgage rates of 0.75% above base rate, best saving rate 0.5% above base rate)

3% - Property = £165k, Bank = £112k
3.25% - Property = £154k, Bank = £120k
3.5% - Property = £143k, Bank = £128k
3.75% - Property = £132k, Bank = £136k
4% - Property = £121k, Bank = £144k
4.25% - Property = £110k, Bank = £152k
4.5% - Property = £99k, Bank = £160k Current Rates
4.75% - Property = £88k, Bank = £168k
5% - Property = £77k, Bank = £176k
5.25% - Property = £66k, Bank = £184k
5.5% - Property = £55k, Bank = £192k
5.75% - Property = £44k, Bank = £200k
6% - Property = £33k, Bank = £208k
6.25% - Property = £22k, Bank = £216k
6.5% - Property = £11k, Bank = £224k
6.75% - Property = £0k, Bank = £232k

Of course this excludes rising/falling asset prices, voids and variable rental income. Also, the markets are predicting 5% base rates by March 07 - so look above, you'll see you can nearly make £100k more in the bank.



Oh, if you want to lend me a real £20k i'll PM you my pay pal account lol

Tassotti

Okay, do'nt quite understand your figures, but why should I, I am an old decrepit property ivestor (33 in 2 weeks)

You cannot compare stocks with property because you have to buy with your own money..I buy without using ANY of my own money (the 15K has been covered timne and time again)

Ever thought of that?

You can do leverage but you lose all your miney and the amount borrowed.

My leverage means if I lose all that money, it isn't mine anyway

Are you property prices in your table compounding. I cant ben bothered to work it out.

If youi ever get to the point where you earn 96K before tax without having to do anything, let me k
now...I'll give you my pocket money of 20K if you wan't as an experiment

sanfrancisco

Tassotti wrote:

As I have mentioned in previous threads, a million pounds is not that much money.

Think I need 5 mill to retire...Getting there

Tassotti wrote:

I am obviously open to whatever, and I sincerely hope people don't see it as bragging!

I see it as bragging.

Tassotti

well then I apologise to you personally SanFrancisco

Thats what I was worried about. Its only for discussions , and believe me, I don't lead a more 'luxurious' life than anyone else

I'm from a chav bacground

nmiah786

Tassotti wrote:

People were predicting this in 2001, though Meanmachine

This is when I started investing.

I think 2011 will produce a downturn, correction, whatever you want to call it. This, for mewill be the best time to buy.

As I have mentioned in previous threads, a million pounds is not that much money.

Think I need 5 mill to retire...Getting there

You started in 2001 with only £15k and now your earnings £96k from your properties without doing anything!:eek:

Wow, I applaud your success:T

So whats the secret, care to share:D

I think I saw your post somewhere on here saying that you will not be buying in the current market, so how are you going to be making anything in property in the next six month, if someone was to take your "£20k Challenge"!!

BTW, do you have much knowledge of the housing market in Luton, close to the train centre and town centre!!!

Tassotti

Conrad wrote:

Yes, Ive now sold my B2Ls and am investing abroad as the total returns should be far greater over the next 5 years. I can always re - enter UK B2L but with a lot more capital as a result of my foreign exploits.

Im very careful and thorough buying abroad, and in fact find it no more hassle than buying here.

Ive been investing in Berlin and more recently Saidia Morocco.

Yeah..great move..Are you relying on rental incomes to cover your outlay, OR ARE YOU TOTALLY MISTAKEN?
Or an Agent

rozeepozee

Tassotti wrote:

I'm from a chav bacground

Tassotti, darling, you didn't need to tell us :rolleyes:

Tassotti

Tongue in cheek response

I have laid it bare. What do you do?