General Discussion: I have 15k(ish) to invest - please advise me!


docdoom
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2036 posts since 11/4/04

29 Aug 2007 09:13
Please give me any of your tips. I want to put it away somewhere and then forget about it. Bonds? Anyone have any good experiences or banks to recommend?
MB
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4353 posts since 27/9/05

29 Aug 2007 09:21
pm Topper
fan
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3948 posts since 11/2/07

29 Aug 2007 09:24
Laughing out loud
velvet
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9568 posts since 12/6/06

29 Aug 2007 09:33
pm funky
San
San avatar

10493 posts since 14/11/05

29 Aug 2007 09:37
Give it me!

You're a northener so buy yourself a street of houses Laughing out loud

Use it as a deposit on a house then take out a mortgage.
Let out the house using a housing agency.
The rental income you receive will then normally cover your mortgage repayments.
Sit back and forget about it for a good few years and watch your investment increase more so than buying bonds, MIP'S etc
Guido
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12884 posts since 20/4/05

29 Aug 2007 09:38
Hookers and coke!
FrIEND
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13672 posts since 27/11/03

29 Aug 2007 09:46
Pm Bubatunde
smith
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11408 posts since 5/5/04

29 Aug 2007 09:55
PM me
Genevieve Appiah Kufour
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140 posts since 22/5/07

29 Aug 2007 10:05
marry me
San
San avatar

10493 posts since 14/11/05

29 Aug 2007 10:05
Laughing out loud
haz
haz avatar

4334 posts since 7/1/04

29 Aug 2007 10:13

Yeah mate. Try and get a house in the uni areas. The ones in newc are a joke at how much people pay for rent.
Ruben
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10775 posts since 2/7/03

29 Aug 2007 10:27
mase wrote: pm Topper

Laughing out loud
Noble Locks
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66963 posts since 10/7/03

29 Aug 2007 10:31
buy a 150k flat in the nearest town centre to you and rent it out thru a management company, then forget about it for 5 years.
smith
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11408 posts since 5/5/04

29 Aug 2007 10:51
Only 5 years?
Best
Best avatar

9936 posts since 21/10/05

29 Aug 2007 10:57
haz wrote: Yeah mate. Try and get a house in the uni areas. The ones in newc are a joke at how much people pay for rent.

Serious cash to be made in this area

if you can find the right property, managment and area you'll make a killing
Noble Locks
Noble Locks avatar

66963 posts since 10/7/03

29 Aug 2007 10:58
well no, not really, much longer if you can, but by then he should be ready to buy his own gaff with his bird and have a family etc…so you cash in on your flat and use the big chunk you have made to put down on your 500k house etc.
ya git me?
smith
smith avatar

11408 posts since 5/5/04

29 Aug 2007 11:21
You're right but alot of people run into problems with tenants etc and having to fork out more money for the property than they had bargained for. it's better than putting it in a high savings account as you won't make as much as on the property ladder, but I'm a bit skeptical at the minute with all the talk of a property crash in 2008. If I had 15k to invest I'd buy some land in the UK where there is likely to be housing built on within the next 10 years
Noble Locks
Noble Locks avatar

66963 posts since 10/7/03

29 Aug 2007 11:24
if you buy in a town centre near a big station and near a big college, you very rarely have any problems greybot mate…you leave it all in the hands of the management company, they make sure you never get knocked, and demand is always high, so you are never without someone in there for at least 2 years at a time… and if its a new build place, which nearly all flats in city centres are nowadays, you never get a problem with the property that is not covered by the developers garuntees, so there is no costs there either.
sit back, light up a cigar and go and get your wedge whenever your ready.
Jack
Jack avatar

7300 posts since 12/9/06

29 Aug 2007 11:29
The old house we had was a 10 minute walk to town, a 5 minute walk to Three Bridges station, 5 minute walk to the pub, 2 minutes to a corner shop/blockbuster, etc.

It was a big old place, but it was falling apart.

When we had it valued the bloke said if we were trying to sell to people we'd have to aim for £145,000 because they'd have to do it up so much.

But we lived next to an old printing press that got shut down and went up for sale, and a developer called us wanting to buy the two together because the press wasn't big enough to put flats on by itself, so we sold to the developers for just under double what we'd of got selling to people, which funded a new house, a new bathroom and some luxuries.

There's now 6, 2 bed, £125,000 flats where my house used to be, and they're selling/being rented out sharpish by the commuters.

Selling to developers is the future.
smith
smith avatar

11408 posts since 5/5/04

29 Aug 2007 11:32
Is a management company the same as an estate agent? Just I've heard some nightmare stories about people letting out through an agency as they don't insure against sitting tenants and damage. Didn't know about the developers guarantee on new build. Sounds good!