BTL here or overseas

catoutthebag

I have answered some of the points already.
Yea that's how much the property has risen.
They have never had a period of inoccupancy
They DO want to continue holding on to it
Any fees are paid from the rental profit the place makes

So, if that's not a good idea. What is in terms of invest?

As I say, I sometimes buy and sell fine goods, often doubling and tripling my money in weeks, over the longer term more. It's few and far between though, and relatively small fry.

My monthly pension appears good on papers, but I don't think will yield the high monthly pay outs in the future.

Savings rates are crap.

My 1k I put into Vanguard LS for fun a year ago (I know that's not a good gauge), has hardly moved.

I want to invest for high returns.

AdrianC

catoutthebag wrote: »

Savings rates are crap.

My 1k I put into Vanguard LS for fun a year ago (I know that's not a good gauge), has hardly moved.

I want to invest for high returns.

So you've found a poor investment. That doesn't mean they're all poor.

catoutthebag

To answer points on BTL in my area, doing sums, there is a small monthly profit available. Yes, we have to ensure it is let out, and yes there may be periods of inoccupancy. It's a high demand area though. And if there is enough buffer, the rewards are still there IMO. I know this area inside out, know the rental yield and sales prices, know the type of Tennant it attracts. Sure, it's illiquid, and a small gamble, but the returns are still bigger in 25 years than virtually any other investments...like funds...what's that, 10-20%?
My property has gone up 15% in 15 months, and I may move out in a year which would help recoup some of my outlays.

I'm not going one way or another, but just outlining my thought around it (would still need that relative on board, and he wanted the help of my retired father in this, so may not happen)

catoutthebag

AdrianC wrote: »

So you've found a poor investment. That doesn't mean they're all poor.

Well it's one widely discussed and recommended here, and the economy hasn't been great recently and it's only a short period of time. If it's a poor investment, why are many here with it or recommending it, and what is a 'good' investment in your opinion?

AdrianC

catoutthebag wrote: »

Well it's one widely discussed and recommended here, and the economy hasn't been great recently and it's only a short period of time. If it's a poor investment, why are many here with it or recommending it, and what is a 'good' investment in your opinion?

I have no idea why others may or may not be recommending it.

Your best bet is to ask here, with a more open mind than simply "UK BtL or a share in this Florida letting". Property may not be the answer for you at all, either directly or indirectly.
http://forums.moneysavingexpert.com/forumdisplay.php?f=17

Personally, I'm very happy with my P2P investments (over 8.25% genuine return), but that's just me.

Pixie5740

catoutthebag wrote: »

I have answered some of the points already.
Yea that's how much the property has risen.
They have never had a period of inoccupancy
They DO want to continue holding on to it
Any fees are paid from the rental profit the place makes

So, if that's not a good idea. What is in terms of invest?

As I say, I sometimes buy and sell fine goods, often doubling and tripling my money in weeks, over the longer term more. It's few and far between though, and relatively small fry.

My monthly pension appears good on papers, but I don't think will yield the high monthly pay outs in the future.

Savings rates are crap.

My 1k I put into Vanguard LS for fun a year ago (I know that's not a good gauge), has hardly moved.

I want to invest for high returns.

You're a bit sketchy on detail when it comes to working out how much profit your relatives have actually made. That's the first thing to nail down. You say that it's such a good investment that your relatives do want to hang on to the property but at the same time they are trying to sell shares to other family members. That doesn't make much sense. If it's so good why try and cut anyone in at all?

If you want to invest for high returns then you'll need to go for higher risk investments than a Vanguard LS and certainly something higher risk than a cash savings account. You seem hellbent on investing in property even though you can't really afford to so knock yourself out and plough your money into this Florida property.

You also mention moving on from your current home which has risen by 15% since you bought it. Where are you going to move to? A more expensive property in the area which will also have risen in value by 15%? Meaning you won't actually have gained anything at all in real terms when you sell your current home.

catoutthebag

Pixie5740 wrote: »

You're a bit sketchy on detail when it comes to working out how much profit your relatives have actually made. That's the first thing to nail down. You say that it's such a good investment that your relatives do want to hang on to the property but at the same time they are trying to sell shares to other family members. That doesn't make much sense. If it's so good why try and cut anyone in at all?

If you want to invest for high returns then you'll need to go for higher risk investments than a Vanguard LS and certainly something higher risk than a cash savings account. You seem hellbent on investing in property even though you can't really afford to so knock yourself out and plough your money into this Florida property.

You also mention moving on from your current home which has risen by 15% since you bought it. Where are you going to move to? A more expensive property in the area which will also have risen in value by 15%? Meaning you won't actually have gained anything at all in real terms when you sell your current home.

Assumptions assumptions make an a.ss

A) the other area i MAY move has not risen even half as much. It's not a more expensive area either. Hope that's quashed that assumption

I'm not hell bent on only property. I invest in fine goods which has extremely bright returns. I am wanting to diversify. Whether property or not.

C) come forward and suggest a high return higher risk investment than Vanguard, which is near that of residential property then?

D) I already decided, if you check earlier in the thread, that I had ruled out the overseas property, for various reasons

Pixie5740

catoutthebag wrote: »

Assumptions assumptions make an a.ss

A) the other area i MAY move has not risen even half as much. It's not a more expensive area either. Hope that's quashed that assumption

I'm not hell bent on only property. I invest in fine goods which has extremely bright returns. I am wanting to diversify. Whether property or not.

C) come forward and suggest a high return higher risk investment than Vanguard, which is near that of residential property then?

D) I already decided, if you check earlier in the thread, that I had ruled out the overseas property, for various reasons

How to win friends and influence people (again) by catoutthebag.

Pixie5740

a) Just because you think prices might not have risen half as much in another area doesn't mean that any increase you think you've made on the current property isn't wiped out.

b) I never said you were only hellbent on property, just that going by your other threads you seem hellbent on investing in property.

c) I'm not your financial adviser, it's not up to me to do your homework for you. I don't know what your appetite for risk is and I care even less.

d) Well if you've ruled out the Florida property and you can't afford a BTL in the area you want then that kind of answers your conundrum for you.

AdrianC

catoutthebag wrote: »

I'm not hell bent on only property. I invest in fine goods which has extremely bright returns. I am wanting to diversify. Whether property or not.

Go on, do elaborate...

C) come forward and suggest a high return higher risk investment than Vanguard, which is near that of residential property then?

I've already given you one direction to look at - a direction which is giving a much higher return than property for me, with similar risk and much better liquidity.