£450k investment

theartfullodger

Most years (since 2000) I make money from my BT investments: But not always.

Only go into BTL if you have the financial AND emotional reserves to cope with the tenant-from-hell (or agent-from-hell..) who doesn't, say, pay you rent for 7 months while you take court action (you might not win) and keep paying all bills including repairs: Repairs? you ask?? Yes, or judge will decide you are a evil harassing landlord and side with innocent tenant. Tenant who keeps phoning you or knocking on your door (they have a legal right to you address... actual address..)

Never - EVER - put all your eggs in one basket: At least 3, fairly equal baskets at least - say stocks&shares, savings accounts, sumfink else e.g. pensions.. That's what I do (every "investment" can and will go bad, even ££ notes under the bad.) I have property, savings (including premium bonds, tax-free payout), several pensions, savings etc etc etc..

Sigh!

ReadySteadyPop

Herzlos said:

ReadySteadyPop said:

Herzlos said:

If you go BTL, make sure you get a good agent and insurance that covers you for the tenant not paying.

What are you planning on doing come retirement? Continue drawing an investment or trying to get money out?

Have you maxed out your pension contritutions?

I'd try and max out your pension and ISA's first - cash if you want it soon, S&S if you want it later.

It's almost certainly worth seeking out an actual financial advisor too, rather than asking people online. Our opinion is worth what you've paid for it.

Many FA`s opinions won`t be worth what you pay for them though, you could do most of the investigation yourself on the internet?

No FA will provide advice as bad as you do, though. A good FA should be registered with the FCA and actually know what they are doing.

Mine saved me so much on a mortgage I'd recouped his fee within a couple of months.

Are saying that my advice to keep the 450k out of BTL is bad advice?

ReadySteadyPop

theartfullodger said:

Most years (since 2000) I make money from my BT investments: But not always.

Only go into BTL if you have the financial AND emotional reserves to cope with the tenant-from-hell (or agent-from-hell..) who doesn't, say, pay you rent for 7 months while you take court action (you might not win) and keep paying all bills including repairs: Repairs? you ask?? Yes, or judge will decide you are a evil harassing landlord and side with innocent tenant. Tenant who keeps phoning you or knocking on your door (they have a legal right to you address... actual address..)

Never - EVER - put all your eggs in one basket: At least 3, fairly equal baskets at least - say stocks&shares, savings accounts, sumfink else e.g. pensions.. That's what I do (every "investment" can and will go bad, even ££ notes under the bad.) I have property, savings (including premium bonds, tax-free payout), several pensions, savings etc etc etc..

Sigh!

Did you have 450k when you started?

Herzlos

ReadySteadyPop said:

Herzlos said:

ReadySteadyPop said:

Herzlos said:

If you go BTL, make sure you get a good agent and insurance that covers you for the tenant not paying.

What are you planning on doing come retirement? Continue drawing an investment or trying to get money out?

Have you maxed out your pension contritutions?

I'd try and max out your pension and ISA's first - cash if you want it soon, S&S if you want it later.

It's almost certainly worth seeking out an actual financial advisor too, rather than asking people online. Our opinion is worth what you've paid for it.

Many FA`s opinions won`t be worth what you pay for them though, you could do most of the investigation yourself on the internet?

No FA will provide advice as bad as you do, though. A good FA should be registered with the FCA and actually know what they are doing.

Mine saved me so much on a mortgage I'd recouped his fee within a couple of months.

Are saying that my advice to keep the 450k out of BTL is bad advice?

I'm saying he should consult with an expert and not the internet. Just like I wrote.

ReadySteadyPop

Herzlos said:

ReadySteadyPop said:

Herzlos said:

ReadySteadyPop said:

Herzlos said:

If you go BTL, make sure you get a good agent and insurance that covers you for the tenant not paying.

What are you planning on doing come retirement? Continue drawing an investment or trying to get money out?

Have you maxed out your pension contritutions?

I'd try and max out your pension and ISA's first - cash if you want it soon, S&S if you want it later.

It's almost certainly worth seeking out an actual financial advisor too, rather than asking people online. Our opinion is worth what you've paid for it.

Many FA`s opinions won`t be worth what you pay for them though, you could do most of the investigation yourself on the internet?

No FA will provide advice as bad as you do, though. A good FA should be registered with the FCA and actually know what they are doing.

Mine saved me so much on a mortgage I'd recouped his fee within a couple of months.

Are saying that my advice to keep the 450k out of BTL is bad advice?

I'm saying he should consult with an expert and not the internet. Just like I wrote.

Are you saying someone with a certificate is more "expert" than someone on here who has been a landlord for 30 years?

Herzlos

ReadySteadyPop said:

Herzlos said:

ReadySteadyPop said:

Herzlos said:

ReadySteadyPop said:

Herzlos said:

If you go BTL, make sure you get a good agent and insurance that covers you for the tenant not paying.

What are you planning on doing come retirement? Continue drawing an investment or trying to get money out?

Have you maxed out your pension contritutions?

I'd try and max out your pension and ISA's first - cash if you want it soon, S&S if you want it later.

It's almost certainly worth seeking out an actual financial advisor too, rather than asking people online. Our opinion is worth what you've paid for it.

Many FA`s opinions won`t be worth what you pay for them though, you could do most of the investigation yourself on the internet?

No FA will provide advice as bad as you do, though. A good FA should be registered with the FCA and actually know what they are doing.

Mine saved me so much on a mortgage I'd recouped his fee within a couple of months.

Are saying that my advice to keep the 450k out of BTL is bad advice?

I'm saying he should consult with an expert and not the internet. Just like I wrote.

Are you saying someone with a certificate is more "expert" than someone on here who has been a landlord for 30 years?

I'm saying a professional with a trade body is a safer bet than someone on the internet who has been trolling for an imminent crash that still hasn't happened 20 years later. Our advice is worth nothing, an accredited professional has some comeback if it's garbage.

Are you a landlord? Doesn't that contradict your sell up and by a bedsit plan?

theartfullodger

ReadySteadyPop said:

theartfullodger said:

Most years (since 2000) I make money from my BT investments: But not always.

Only go into BTL if you have the financial AND emotional reserves to cope with the tenant-from-hell (or agent-from-hell..) who doesn't, say, pay you rent for 7 months while you take court action (you might not win) and keep paying all bills including repairs: Repairs? you ask?? Yes, or judge will decide you are a evil harassing landlord and side with innocent tenant. Tenant who keeps phoning you or knocking on your door (they have a legal right to you address... actual address..)

Never - EVER - put all your eggs in one basket: At least 3, fairly equal baskets at least - say stocks&shares, savings accounts, sumfink else e.g. pensions.. That's what I do (every "investment" can and will go bad, even ££ notes under the bad.) I have property, savings (including premium bonds, tax-free payout), several pensions, savings etc etc etc..

Sigh!

Did you have 450k when you started?

In 2000 I think I had about £200k plus several pensions.  And sometimes worked (when I didn't need to work..).

BTL seemed like a reasonable gamble (stress gamble) as I could afford to make the odd/more-than-odd loss.  And to keep me awake in my old age (currently 77…).

Bought 1st for £18.5k at auction, next 2 for about £28k each.  Each 2 bed, views of mountains and sea lochs (Scottish Highlands).  Lived in each at various times also.

As said, knew it was a gamble .

View from front window of 1st house, I think March 2014, white bump middle/right upper is Gulvain, a Munro

ReadySteadyPop

Herzlos said:

ReadySteadyPop said:

Herzlos said:

ReadySteadyPop said:

Herzlos said:

ReadySteadyPop said:

Herzlos said:

If you go BTL, make sure you get a good agent and insurance that covers you for the tenant not paying.

What are you planning on doing come retirement? Continue drawing an investment or trying to get money out?

Have you maxed out your pension contritutions?

I'd try and max out your pension and ISA's first - cash if you want it soon, S&S if you want it later.

It's almost certainly worth seeking out an actual financial advisor too, rather than asking people online. Our opinion is worth what you've paid for it.

Many FA`s opinions won`t be worth what you pay for them though, you could do most of the investigation yourself on the internet?

No FA will provide advice as bad as you do, though. A good FA should be registered with the FCA and actually know what they are doing.

Mine saved me so much on a mortgage I'd recouped his fee within a couple of months.

Are saying that my advice to keep the 450k out of BTL is bad advice?

I'm saying he should consult with an expert and not the internet. Just like I wrote.

Are you saying someone with a certificate is more "expert" than someone on here who has been a landlord for 30 years?

I'm saying a professional with a trade body is a safer bet than someone on the internet who has been trolling for an imminent crash that still hasn't happened 20 years later. Our advice is worth nothing, an accredited professional has some comeback if it's garbage.

Are you a landlord? Doesn't that contradict your sell up and by a bedsit plan?

Not any more, I got out before it became a total PITA.

ReadySteadyPop

theartfullodger said:

ReadySteadyPop said:

theartfullodger said:

Most years (since 2000) I make money from my BT investments: But not always.

Only go into BTL if you have the financial AND emotional reserves to cope with the tenant-from-hell (or agent-from-hell..) who doesn't, say, pay you rent for 7 months while you take court action (you might not win) and keep paying all bills including repairs: Repairs? you ask?? Yes, or judge will decide you are a evil harassing landlord and side with innocent tenant. Tenant who keeps phoning you or knocking on your door (they have a legal right to you address... actual address..)

Never - EVER - put all your eggs in one basket: At least 3, fairly equal baskets at least - say stocks&shares, savings accounts, sumfink else e.g. pensions.. That's what I do (every "investment" can and will go bad, even ££ notes under the bad.) I have property, savings (including premium bonds, tax-free payout), several pensions, savings etc etc etc..

Sigh!

Did you have 450k when you started?

In 2000 I think I had about £200k plus several pensions.  And sometimes worked (when I didn't need to work..).

BTL seemed like a reasonable gamble (stress gamble) as I could afford to make the odd/more-than-odd loss.  And to keep me awake in my old age (currently 77…).

Bought 1st for £18.5k at auction, next 2 for about £28k each.  Each 2 bed, views of mountains and sea lochs (Scottish Highlands).  Lived in each at various times also.

As said, knew it was a gamble .

View from front window of 1st house, I think March 2014, white bump middle/right upper is Gulvain, a Munro

Very beautiful, this sort of experience will always attract tenants but the BTL experience in towns and cities is now heading in a very different direction

https://www.theguardian.com/society/2025/jan/11/hotel-of-mum-and-dad-in-uk-at-its-fullest-in-two-decades-study-finds

The more that landlords borrowed the bigger the difficulty they will be facing.

jimbog

theartfullodger said:

ReadySteadyPop said:

I’m theartfullodger said:

Most years (since 2000) I make money from my BT investments: But not always.

Only go into BTL if you have the financial AND emotional reserves to cope with the tenant-from-hell (or agent-from-hell..) who doesn't, say, pay you rent for 7 months while you take court action (you might not win) and keep paying all bills including repairs: Repairs? you ask?? Yes, or judge will decide you are a evil harassing landlord and side with innocent tenant. Tenant who keeps phoning you or knocking on your door (they have a legal right to you address... actual address..)

Never - EVER - put all your eggs in one basket: At least 3, fairly equal baskets at least - say stocks&shares, savings accounts, sumfink else e.g. pensions.. That's what I do (every "investment" can and will go bad, even ££ notes under the bad.) I have property, savings (including premium bonds, tax-free payout), several pensions, savings etc etc etc..

Sigh!

Did you have 450k when you started?

In 2000 I think I had about £200k plus several pensions.  And sometimes worked (when I didn't need to work..).

BTL seemed like a reasonable gamble (stress gamble) as I could afford to make the odd/more-than-odd loss.  And to keep me awake in my old age (currently 77…).

Bought 1st for £18.5k at auction, next 2 for about £28k each.  Each 2 bed, views of mountains and sea lochs (Scottish Highlands).  Lived in each at various times also.

As said, knew it was a gamble .

View from front window of 1st house, I think March 2014, white bump middle/right upper is Gulvain, a Munro

What a view!