I have £1,000,000 cash - any suggestions?

ColdIron

pierreseo wrote: »

From where did this come?

Has the OP forgotten to switch accounts?

Hominu

ColdIron wrote: »

Your friend is an experienced property investor. Excuse me for asking, but why has he approached someone who has little idea of where to start, to start working for him? It seems a curious choice

Or, it could just be a troll, plenty of them around lately.

jimjames

Hominu wrote: »

Or, it could just be a troll, plenty of them around lately.

Maybe. If so it is one that seems to have got confused between the title and the body of the post. "I have £1 million" then becomes a friend with £1m

IronWolf

auctions can be good as usually only cash investors are there so lower prices.

AlwaysLearnin

jimjames wrote: »

This one isn't a repo as far as I know but might well go for under the market value

http://www.rightmove.co.uk/property-for-sale/property-41719309.html

Lol! Even the flowers in the garden 'coordinate'

I can't recall ever seeing a dining room table in a (non studio) bedroom before either...

brasso

A half-wit troll.

Why encourage it?

ChesterDog

I think I logged into the wrong forum. :-)

ChesterDog

I'm sorry... 'What-' pile? :-)

jimjames

IronWolf wrote: »

auctions can be good as usually only cash investors are there so lower prices.

Or even advertising for people who need to sell quickly - the WeBuyAnyHouse type of crew. But I can't see that the OP is actually serious based on the info given

racing_blue

I have a suggestion, although it is more philosophical than practical.

Your friend could reflect on the question, "How much is enough?"

Some pointers:

St. Augustine might say that bellies of the poor are much safer storerooms of wealth than rental properties.

Arland Hultgren said that a drive for wealth, possessions or status can so easily blind us to the needs of our neighbours.

Luke, in his Gospel, observed that wealth cannot guarantee the future- the unexpected necessarily arrives sooner than one expects.