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?
General Discussion: I have 15k(ish) to invest - please advise me!
Give it me!
You're a northener so buy yourself a street of houses
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
You're a northener so buy yourself a street of houses
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
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
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.
sit back, light up a cigar and go and get your wedge whenever your ready.
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.
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.
Sign in to post in this thread.