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Debate House Prices
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Rents rising again....
Comments
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I'm going to throw this out there.
The only reason you're not happy with it is because you want to own investment property but you are too poor to afford it.
If I gave you 200 grand right now and told you to invest it. What would you do with it?The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0 -
I'm going to throw this out there.
The only reason you're not happy with it is because you want to own investment property but you are too poor to afford it.
If I gave you 200 grand right now and told you to invest it. What would you do with it?
Interestingly we have approx £1k a month after living expenses to play with, right now its just going straight into the house (New TV, HTPC, decorating etc), so by definition we could probably afford a BTL in a couple of years if that was the target, so I wouldn't say we are too poor.
As for 200 Grand, thats an easy investment choice, pay off the mortgage and buy my brother a house, will save us a forrune in interest payments.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
Perhaps we could go back to the seventies when I first got married I had two choices save and try and buy or live with parents and have a kid and hope for a council house because unlike today there was very little privately rented accommodation and most of what was available was sub standard.0
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Interestingly we have approx £1k a month after living expenses to play with, right now its just going straight into the house (New TV, HTPC, decorating etc), so by definition we could probably afford a BTL in a couple of years if that was the target, so I wouldn't say we are too poor.
As for 200 Grand, thats an easy investment choice, pay off the mortgage and buy my brother a house, will save us a forrune in interest payments.
Well that really depends on how much your Mortgage interest rate is.
If you're currently paying 3% on your mortgage but could get a return of 7% on a BTL, then it makes financial sense to do the latter."Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin0 -
Well that really depends on how much your Mortgage interest rate is.
If you're currently paying 3% on your mortgage but could get a return of 7% on a BTL, then it makes financial sense to do the latter.
I couldn't live with myself, if I had a tennant for a long time I would feel the need to give them the house since they have paid for it.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
I couldn't live with myself, if I had a tennant for a long time I would feel the need to give them the house since they have paid for it.
Then let's move on.
You're not a BTL landlord and you don't want to be.
End of discussion.
Please."Beware of little expenses. A small leak will sink a great ship." - Benjamin Franklin0 -
Interestingly we have approx £1k a month after living expenses to play with, right now its just going straight into the house (New TV, HTPC, decorating etc), so by definition we could probably afford a BTL in a couple of years if that was the target, so I wouldn't say we are too poor.
As for 200 Grand, thats an easy investment choice, pay off the mortgage and buy my brother a house, will save us a forrune in interest payments.
I'm sorry, but I can't believe you've just handed me that on a platter.
You'd invest in.....property?
I'd want my 200 grand back after 10-20 years, what are you going to do then?The J is a Financial Advisor-This site doesn't check anyone's status and as such any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Always seek professional advice.0 -
I'm sorry, but I can't believe you've just handed me that on a platter.
You'd invest in.....property?
I'd want my 200 grand back after 10-20 years, what are you going to do then?
You didn't say you wanted it back, if you wanted it back I would see which would be cheaper, you or projected mortgage interest. if the mortgage is better you can keep your money.
Sure we could figure some emerging tech worth investing in, to be honest with nothing to invest it isn't something I have looked to deeply into.Have my first business premises (+4th business) 01/11/2017
Quit day job to run 3 businesses 08/02/2017
Started third business 25/06/2016
Son born 13/09/2015
Started a second business 03/08/2013
Officially the owner of my own business since 13/01/20120 -
the wheels on the bus go round and round0
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look Percy is happy with his lot he has married bought (sorry buying with other peoples money ) a house and started a ethical business that doesnt need to charge if people cant afford it .
fair play in his world he has cracked it
personally if i get a winner tonight i will build a block of flats (or houses ) name them Percyc's point and rent them out at the full market rate ....0
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