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Investment advice 5 properties or one big house.
Verynationlowel
Posts: 6 Forumite
I need some advice please I am 24 years old. I have a trust in my name. In the trust I have 5 houses .
House A - 6 Bedroom , 3 Bathroom
Worth £820k rental £3000 a month
House B 4- Bedroom, 2 Bathroom
Worth £530k £2000 a month
House c - 3 bedroom 2 bathroom
Worth 350k £1600 a month
2 other houses which is are my parents family homes which my parents own and not in trust.
In the trust I also have 2 holiday homes aboard. They are are on rent.
The 3 houses in london on rent I receive 6600 a month. That around £80k a year. I am working so around 105k a year. This is before tax.
If I sold the houses I would receive 1.7m.
This is my problem. If you where in this postion. Do you keep the properties on rent and work. Or just buy 1 big mansion for 2million and not receive the 80k income a year.
House A - 6 Bedroom , 3 Bathroom
Worth £820k rental £3000 a month
House B 4- Bedroom, 2 Bathroom
Worth £530k £2000 a month
House c - 3 bedroom 2 bathroom
Worth 350k £1600 a month
2 other houses which is are my parents family homes which my parents own and not in trust.
In the trust I also have 2 holiday homes aboard. They are are on rent.
The 3 houses in london on rent I receive 6600 a month. That around £80k a year. I am working so around 105k a year. This is before tax.
If I sold the houses I would receive 1.7m.
This is my problem. If you where in this postion. Do you keep the properties on rent and work. Or just buy 1 big mansion for 2million and not receive the 80k income a year.
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Comments
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Oh, not you again.0
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Was only thinking of him today as some Crazy tried insulting me over on the comps board today and for some reason I could only think of this fella. Very coincidental this 'newbie' has popped up here tonight.
Have reported.2024 wins: *must start comping again!*0 -
I thought you were moving to the US of A? Have they not rolled out the red carpet and given you a Green Card yet?0
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need advice on investment?Verynationlowel wrote: »I need some advice please I am 24 years old. I have a trust in my name. In the trust I have 5 houses .
House A - 6 Bedroom , 3 Bathroom
Worth £820k rental £3000 a month
House B 4- Bedroom, 2 Bathroom
Worth £530k £2000 a month
House c - 3 bedroom 2 bathroom
Worth 350k £1600 a month
2 other houses which is are my parents family homes which my parents own and not in trust.
In the trust I also have 2 holiday homes aboard. They are are on rent.
The 3 houses in london on rent I receive 6600 a month. That around £80k a year. I am working so around 105k a year. This is before tax.
If I sold the houses I would receive 1.7m.
This is my problem. If you where in this postion. Do you keep the properties on rent and work. Or just buy 1 big mansion for 2million and not receive the 80k income a year.
a) learn to count: 3 +2 +2 = ? 5
b) meet an African (preferably Nigerian) who has oil/gold from their late husband (a Govt minister) needing a home0 -
Verynationlowel wrote: »This is my problem. If you where in this postion. Do you keep the properties on rent and work. Or just buy 1 big mansion for 2million and not receive the 80k income a year.
I hear Her Maj is bored of London - try low-balling an offer on Buck House. Worth a punt.0 -
00ec25 learn to read as only 5 properties are in my trust0
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Most of you here are 1st time buyer so i think i posted on wrong site0
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Verynationlowel wrote: »Most of you here are 1st time buyer so i think i posted on wrong site
That's right. And you're not even that.
I'd say don't let the door hit you on the way out, but it seems to be a revolving one.Everything that is supposed to be in heaven is already here on earth.
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