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Unique position this young

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  • Maybe buy a cheap house and do it all up? As a property developer. I strongly advise you to put your money in the bank, your interest will grow so much. Or simply buy your own business.
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  • popadom
    popadom Posts: 822 Forumite
    Part of the Furniture 500 Posts Name Dropper Combo Breaker
    If i had that type of money i would buy a cheap property in cheaper areas. I live in south wales, near the glamorgan uni. I would buy a house there and rent to students as a start up. A terreced house(3 bed,1 bathroom) is about 80k (less in some areas) The idea would be start with cheap houses, then use the profit on that to slowly spread further out(eg. then cardiff, then say bristol, and slowly move to london hopefully with a few more properties under the belt) just my idea

    ps auctions are good places for cheaper houses but may need work
  • Just a thought...

    If you are thinking of financial investments, but your knowledge is vague the book below could be a good starting point.

    http://www.amazon.co.uk/Financial-Times-Guide-Investing-Definitive/dp/027372374X/ref=sr_1_1?ie=UTF8&qid=1306528380&sr=8-1

    With that sort of money, it is best you have some sort of grounding before you make any big decisions. The book does suggest further readings if you are interested in knowing more on a particular subject.

    Best of luck with any decision you make, be it property investment or financial ;)
    :j:j:j:j:j:j:j:j:j:j:j:j:j:D:j:j:j:j:j:j:j:j:j:j:j:j:j:j
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