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Baskey

Member

Registered: 31st May 06
User status: Offline

21st Jul 11 at 11:52

If I'm putting in 100k in and want a 20% return it means I'd be looking to sell for 120k

The Market in my area is fine

[Edited on 21-07-2011 by Baskey]

spencer88

Member

Registered: 6th Oct 08
Location: cornwall
User status: Offline

21st Jul 11 at 11:54

Yes, and how much did you buy the flat for? 80k, 50% of which is 40k.

So 80+40 =120.

Ow dear...

BluKoo

Member

Registered: 8th Apr 02
Location: Stonehaven (Scotland)
User status: Offline

21st Jul 11 at 11:55

He did say a 20% return. Not just a 20% return on the price of the property.

spencer88

Member

Registered: 6th Oct 08
Location: cornwall
User status: Offline

21st Jul 11 at 11:55

quote:
Originally posted by BluKoo
Spencer, are you an owner of property?
You seem to think you know what you're talking about...

I work for a property development company. Whilst generally we do not deal primarily with residential, we have a few properties.

spencer88

Member

Registered: 6th Oct 08
Location: cornwall
User status: Offline

21st Jul 11 at 11:56

quote:
Originally posted by BluKoo
He did say a 20% return. Not just a 20% return on the price of the property.

Yes, but the fact is that is a 50% higher price for the flat, which in the current market is some going.

BluKoo

Member

Registered: 8th Apr 02
Location: Stonehaven (Scotland)
User status: Offline

21st Jul 11 at 11:57

Ah true. I see what you mean.

spencer88

Member

Registered: 6th Oct 08
Location: cornwall
User status: Offline

21st Jul 11 at 12:00

However....

If you had the money just sat there, look at buying. No mortgage and money coming in every month. (Some Estate Agents do a guaranteed Tenant Scheme)

Baskey

Member

Registered: 31st May 06
User status: Offline

21st Jul 11 at 12:01

Buying a delaperdated (sp) property and then selling at a high standard my calculations are not miles off

BluKoo

Member

Registered: 8th Apr 02
Location: Stonehaven (Scotland)
User status: Offline

21st Jul 11 at 12:02

£100k wouldn't buy me anything i'd want to own up here.

spencer88

Member

Registered: 6th Oct 08
Location: cornwall
User status: Offline

21st Jul 11 at 12:03

quote:
Originally posted by BluKoo
£100k wouldn't buy me anything i'd want to own up here.

Join the club.

I can get a 5mx4m studio apartment for 45k! Cheap

John

Member

Registered: 30th Jun 03
User status: Offline

21st Jul 11 at 12:07

Doesn't have to be 100k for the full thing, 100k is a nice deposit.

Baskey

Member

Registered: 31st May 06
User status: Offline

21st Jul 11 at 12:07

quote:
Originally posted by BluKoo
£100k wouldn't buy me anything i'd want to own up here.

I already own a large 3 bed house I am doing up and live in.

The shitty flat was just for an investment idea, the buy to let Market is going to explode IMO with there not being enough rented property arround.

John

Member

Registered: 30th Jun 03
User status: Offline

21st Jul 11 at 12:09

It's only just crashed with everyone thinking it's easy money and being left with flats left nothing that have no-one in them, why is it about to explode again?

spencer88

Member

Registered: 6th Oct 08
Location: cornwall
User status: Offline

21st Jul 11 at 12:12

The buy to let market is peaking now I believe. Rents are through the roof as people have found it harder to get mortgages so landlords have wised up to it.

Baskey

Member

Registered: 31st May 06
User status: Offline

21st Jul 11 at 12:13

Due to people not being able to get mortgages there is a shortage of rented properties. With average rent prices continuing to rise it is becoming attractive for investors IMO

John

Member

Registered: 30th Jun 03
User status: Offline

21st Jul 11 at 13:31

Mortgages are becoming easier to get again.

Don't think we'll be back to the days of btl investors buying property are massively over inflated prices for a while.

Baskey

Member

Registered: 31st May 06
User status: Offline

21st Jul 11 at 13:47

Yes I agree with you there John, I still think I'd make an ok return on 100k in a year though doing up a lower end property myself.

Rob b, if I U2 you my bank details wack that 100k in and I will report back in a year

spencer88

Member

Registered: 6th Oct 08
Location: cornwall
User status: Offline

21st Jul 11 at 13:52

quote:
Originally posted by Baskey
Yes I agree with you there John, I still think I'd make an ok return on 100k in a year though doing up a lower end property myself.

Rob b, if I U2 you my bank details wack that 100k in and I will report back in a year

You would prob get a good return in a year, but not 20%.

However, sit on it for 5 years and you will have a very nice return, renting it out, then the increase in capital value.

Doug

Member

Registered: 8th Oct 03
User status: Offline

21st Jul 11 at 17:48

quote:
Originally posted by Ojc

quote:
Originally posted by Doug
Oh and I have 30k of premium bonds in my name. They pull in between 25 and 75 most months.

Are you serious or taking the piss? That's what my mate was getting a month. Was a good way to fun acid parties

I'm serious.

Have a better chance of winning a million with the bonds than on the lottery so seems a sensible bet to me!

Why are there so many doubters on here?

James

Member

Registered: 1st Jun 02
Location: Surrey
User status: Offline

21st Jul 11 at 19:43

quote:
Originally posted by Doug

quote:
Originally posted by Ojc

quote:
Originally posted by Doug
Oh and I have 30k of premium bonds in my name. They pull in between 25 and 75 most months.

Are you serious or taking the piss? That's what my mate was getting a month. Was a good way to fun acid parties

I'm serious.

Have a better chance of winning a million with the bonds than on the lottery so seems a sensible bet to me!

Why are there so many doubters on here?

You aren't allowed to have that much money and not own a Ferrari otherwise you are clearly lying.

Member

Registered: 10th Sep 03
User status: Offline

21st Jul 11 at 19:53

Maybe I should buy some premium bonds. Been toying with the idea for a while

Doug

Member

Registered: 8th Oct 03
User status: Offline

21st Jul 11 at 21:35

quote:
Originally posted by James

quote:
Originally posted by Doug

quote:
Originally posted by Ojc

quote:
Originally posted by Doug
Oh and I have 30k of premium bonds in my name. They pull in between 25 and 75 most months.

Are you serious or taking the piss? That's what my mate was getting a month. Was a good way to fun acid parties

I'm serious.

Have a better chance of winning a million with the bonds than on the lottery so seems a sensible bet to me!

Why are there so many doubters on here?

You aren't allowed to have that much money and not own a Ferrari otherwise you are clearly lying.

Ahhhhh of course. How could I forget

Rob B

Member

Registered: 8th Jan 04
Location: Area Motorsport Drives: Race EP3
User status: Offline

21st Jul 11 at 22:18

How do premium bonds work?

Thanks

Liam

Member

Registered: 19th Jan 06
Location: Stafford
User status: Offline

21st Jul 11 at 22:48

From what I understand, you give them money, and you get put into a "raffle" every month I think, you can win upto £1m

harrisp

Member

Registered: 15th Dec 07
Location: Derbyshire
User status: Offline

21st Jul 11 at 23:06

quote:
Originally posted by Liam
From what I understand, you give them money, and you get put into a "raffle" every month I think, you can win upto £1m

My Nan has got them, told me she wins a few hundred a year and has won a couple of fairly large prizes, (couple of thousand), haven't got a clue how much she has got in it though, Im guess you need large amounts to win decent amounts?

[Edited on 22-07-2011 by harrisp]

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