Selling to developers is the future.
and a stroke of major major luck mate. that doesnt happen very often believe me. you had a right touch.
and a stroke of major major luck mate. that doesnt happen very often believe me. you had a right touch.
General Discussion: I have 15k(ish) to invest - please advise me!
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29 Aug 2007 11:34
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29 Aug 2007 19:52
If you are going to buy land for your own development, make sure that it has planning permission beforehand or that it is going through.
If you can afford to lose £15k on a speculative deal with this then thats fine but do as noble has said, either buy a flat in town or a house in town.
In brum, the developers have made way too many flats and the demand hasnt been as anticipated so you can grab a bargain or two.
Or do as we do, buy in shitty areas, redevelop them then throw back on the market to make a profit on your investment and go again, building up a pot of money along the way.
If you can afford to lose £15k on a speculative deal with this then thats fine but do as noble has said, either buy a flat in town or a house in town.
In brum, the developers have made way too many flats and the demand hasnt been as anticipated so you can grab a bargain or two.
Or do as we do, buy in shitty areas, redevelop them then throw back on the market to make a profit on your investment and go again, building up a pot of money along the way.
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.
when you say WE do you mean your MUM? Or are you married and own a house?
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.
That reminds me, the Barnwood hotel up the road was owned by one of my Nans friends who was an old lady who had managed to run it into the ground, but developers bought it and the land off her for ridiculous amounts of money and are now building flats on it.
Getting overruled by flats at my area at the moment.
Now you're being picky wankers, I was only adding constructive input.
Getting overruled by flats at my area at the moment.
Now you're being picky wankers, I was only adding constructive input.
That reminds me, the Barnwood hotel up the road was owned by one of my Nans friends who was an old lady who had managed to run it into the ground, but developers bought it and the land off her for ridiculous amounts of money and are now building flats on it.
Getting overruled by flats at my area at the moment.
Developers really have got it in for you, theres no other development going on anywhere in the country at the moment, turning old buildings into flats, its fcking madness.
Getting overruled by flats at my area at the moment.
That reminds me, the Barnwood hotel up the road was owned by one of my Nans friends who was an old lady who had managed to run it into the ground, but developers bought it and the land off her for ridiculous amounts of money and are now building flats on it.
Getting overruled by flats at my area at the moment.
wonder how they are gonna fill them in this under-populated country…i reckon we should relax our immigration laws by a million country miles, and encourage more people to start a new life here.
Getting overruled by flats at my area at the moment.
So they are building all these flats (some get filled some dont). What happens in 10-15 years when the tenants of said flats are ready to move out of the city and into the suburbs to start a family?
Oh shit (raids savings)
they will be another 10 million poles and slovakians ready to take there place and cary on the renting…its called evolution.
Oh shit (raids savings)
So they are building all these flats (some get filled some dont). What happens in 10-15 years when the tenants of said flats are ready to move out of the city and into the suburbs to start a family?
Oh shit (raids savings)
You get the next batch of young proffesionals in who are required to work long hours therefore as they want to cut down travel time, will rent your said flat
Oh shit (raids savings)
You can get 6% on 25k in a standard no touch for a year bond, should be tax free?? At least a grand in interest and its less than 3k capital gains allowance for the tax year.
Of course fill an ISA to max first,then some £250 per month internet savings accounts.
Depends on the salary income, with the right management you could make an extra months wages per year, pays for a holiday each year etc, if its a drop in the ocean then just leave in a normal access account for lower interest.
Of course fill an ISA to max first,then some £250 per month internet savings accounts.
Depends on the salary income, with the right management you could make an extra months wages per year, pays for a holiday each year etc, if its a drop in the ocean then just leave in a normal access account for lower interest.
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