Investing in a log cabin

antrobus

Ken68 wrote: »

My late brother bought a 2 bed cabin alongside the river at Potter Heigham for £40,000, this was 20 years ago.....recently valued at £140,000.(quick sale, say, £120,000)
The occasional lettings and family holidays just about paid for the ongoing expenses over the years.
The downside was that he lived 2 hours away and the changeover between lets was a pain.

The average Equity Income UT would have turned that £40k into about £170k over 20 years with dividends reinvested. With the upside that there would have been no pain from changeovers.

AnotherJoe

Imlost69 wrote: »

Thanks for highlighting my oversights. I understand everything has risk and some of the above I didn't consider so thanks. However there must be some reason why people buy these cabins and must be making some money

First point, yes there's a reason people buy, I'm sure for many its because they only look superficially and dont examine or properly understand the finances (especially long term).

Second point, just because someone buys, it does not imply (as you assumed) that they make money (either ongoing or over the term when its all added up). Plenty of people invest in storage pods, christmas trees, rows of vines, brazilian specialist nut trees ... etc etc ... and then complain in here that their dead-cert lost money.

Imlost69 wrote: »

Is there any good ways to invest my money

Yes, in your pension (its common here to think overpaying mortgage is a better bet, often it isnt) in funds investing in global stock markets. And if you think "ooh thats scary" then you really dont understand the risks investing in holiday homes on a park.

jimjames

Imlost69 wrote: »

Is there any good ways to invest my money. I like idea of renting out etc but it seems high risk and little profit

What other investments do you have? From the wording I'm assuming you have none other than pension. Although stock market based investments generally don't use the word "guaranteed" it's used by many unprotected risky investments to con investors who believe it means they will get their money back when the reality is that they could lose it all.

You are far better to have a balanced S&S investment portfolio ideally using ISAs which will go up and down short term but over the long term should comfortably beat cash.

Imlost69

I just have spare cash each month. Around 300 quid. Along with a lot of savings. I just want to secure long term financial stability by investing in something such as property. Maybe BIT coin or something similar

jimjames

Imlost69 wrote: »

I just have spare cash each month. Around 300 quid. Along with a lot of savings. I just want to secure long term financial stability by investing in something such as property. Maybe BIT coin or something similar

Why not mainstream investments in funds (shares)? It seems a bit odd to want long term financial stability but then say you're considering bitcoin and log cabins