£500,000 Investement

chucknorris

socrates wrote: »

Residential property - I have a number of these and they are nothing but hassle - just this week - one new flat roof - £1600 - a month ago a new boiler - £1500 etc etc - and I am an experienced LL

I agree, at the moment we have (nothing too major but they all add up):

Currently:
Garden fence to partially replace
Cooker to replace
Condensation problem following loft insulation installation
Immersion heater problem
Fridge/freezer to replace


Recently:
Replaced wc floor and the wc itself
Hot water tank replaced
Boiler replaced

grey_gym_sock

atush wrote: »

You have named yourself after a great philosopher.

or a great footballer.

socrates

grey_gym_sock wrote: »

or a great footballer.

Either way its my actual name - given to me by my parents and named after my grandfather

marathonic

[ QUOTE=XXXX.com;60347745]and where would you buy gold?[ /QUOTE]

Definitely not from a company that felt the need to SPAM anyway...

KingKenny

socrates wrote: »

Atush did you read from the start

The OP is not putting all their money into on investment

They have no mortgage, fully ISA's up, I would imagine no loans or credit cards. If they are in that situation - they have certain savings and probably a pension - and this is not all their money.

Putting myself in the hands of financial advisors and stock markets and complex products that I do not understand is not for me. And by the OP's statement not for him either

Residential property - I have a number of these and they are nothing but hassle - just this week - one new flat roof - £1600 - a month ago a new boiler - £1500 etc etc - and I am an experienced LL

For the OP a decent commercial property in the right location, the right tenant, the right lease terms - he has the kind of budget to achieve this - no hassle, no voids etc etc

As I said though there are not many of these around - at this level maybe 4-5 a year

I may look back later on previous results and provide a few examples of what I mean

This is a genuine question, but would you be kind enough to post a few links to a decent commercial property in the right location, the right tenant, the right lease terms with a 7% or north of 7% yield, because i cannot find any at all......For around 500k......Theres loads of dodgy stuff, two shops, five bedsits total rent achieveable around 7% yield on all properties etc, but anything decent, a single property, well, is only yielding at most 5%,....

Also can i ask, if you bought a commercial investment property for 500k sterling, what other costs would you incur in terms of tax and legal costs...

Thanks for any help, a good heads up....

socrates

KingKenny wrote: »

This is a genuine question, but would you be kind enough to post a few links to a decent commercial property in the right location, the right tenant, the right lease terms with a 7% or north of 7% yield, because i cannot find any at all......For around 500k......Theres loads of dodgy stuff, two shops, five bedsits total rent achieveable around 7% yield on all properties etc, but anything decent, a single property, well, is only yielding at most 5%,....

Also can i ask, if you bought a commercial investment property for 500k sterling, what other costs would you incur in terms of tax and legal costs...

Thanks for any help, a good heads up....

Have a look at the various Auction websites at the past results - like I said there are 4 or 5 a year - but there is no reason why you cannot buy a property for less or a couple for the total of 500k

In terms of tax - its the same as any other investment

paperboy

What about this as an example?

http://www.auction.co.uk/commercial/LotDetails.asp?A=817&MP=84&ID=817000007&S=L&O=A

Jegersmart

I am pretty high risk, but I wouldn't have 60% of my portfolio tied up in 30 stocks personally.

J