I'm Investing in Property

PasturesNew

My stuff is 1.99% cash ISAs, 97.99% cash in bog standard accounts .... and .02% in bags of fresh flour and baked beans so I can eat using only a small camp fire.

Harry_Powell

mewbie wrote: »

tbh Cleaver I'm probably over invested in internet smugness. Some financial gains as well and I can march onto the Savings and Investment boards and say "look at my wad".

I don't know why, your predictions are always wrong and you have very little credibility. Even your 'humour' is strained these days, you just come off as increasingly bitter.

My advice would to be to get off here, get out into the real world. Have a beer with your mates and stop reading all the doom and gloom. You seem to become more miserable by the day.

That said, you seem to get more down as the economic news and house prices get better, perhaps you just enjoy other people's misery?

Graham_Devon

Harry_Powell wrote: »

I don't know why, your predictions are always wrong and you have very little credibility. Even your 'humour' is strained these days, you just come off as increasingly bitter.

My advice would to be to get off here, get out into the real world. Have a beer with your mates and stop reading all the doom and gloom. You seem to become more miserable by the day.

That said, you seem to get more down as the economic news and house prices get better, perhaps you just enjoy other people's misery?

I had to laugh at the complete irony.

Conrad

Been down this route in the past, there are plenty of downsides.

Costs - even if the fund charges are very modest, what about all the feeders out of gross returns, deducted before any net return is applied, to include;

Property managing agents
Legal teams
Accountants
Maintenance
Surveyors

All these people in addition have many many costs such as staff and need to turn a profit

These are real people that might have Henrietta at private school - you don't think they work for nowt do you?

Typically funds tend to use high end expensive managing agents - and who's keeping an eye on thier costs? I can well imagine them billing the fund for say £50k worth of maintenance, yet only £30k ever gets to the plumbers, the rest finds its way to the managing agents coffers one way or tuther.


Then there are those pesky liquidity problems as standard life fund holders recently found when they wanted to take funds out.


Nah, funds are for lazy investors. I want a brick in return for a £1

Harry_Powell

Graham_Devon wrote: »

I had to laugh at the complete irony.

Oh dear Graham. Just because you say something is ironical, doesn't mean it actually is. :rolleyes:

Graham's debating skills come from the school of "because I said so", "no, you are" and "my Dad is bigger than your Dad and he's a Policeman anyway".

Jonbvn

Harry_Powell wrote: »

My advice would to be to get off here, get out into the real world. Have a beer with your mates and stop reading all the doom and gloom. You seem to become more miserable by the day.

You do realise that you are talking about mewbie?;);)

mewbie_2

Jonbvn wrote: »

You do realise that you are talking about mewbie?;);)

Well you may have a point. But given that this was my most bullish post ever I'm a little disappointed in the response.

bendix

I've been back in property funds for the last couple of months. Only a small percentage, mind, but I felt it was right to get a bit of property into the portfolio and it goes with the general philosophy of investing when you feel things have pretty much hit rockbottom for a particularly asset class.

ses6jwg

I am looking at getting into a commercial property fund, which are the best?

Looking at New Star, SWIP, and L&G.

Any ideas folks?

IveSeenTheLight

I'm looking at this little number

http://www-p.aspc.co.uk/cgi-bin/public/LiveProperty/274569?ID=NJCKKANL#picture

2 bed citty centre for £105k. Can easily get £800 per month in the rental market.
I'd like to modernise it a bit, but just roughly speaking if I was to get it and upgrade for a total of £120k, that would still mean an 8% rental yield.

Think I'm going to put in a noted interest and see how it goes