Property for sure. You don’t have to have bought the house outright, you just need a cheap enough mortgage that rental income will cover it and give you a little profit.
Property for sure. You don’t have to have bought the house outright, you just need a cheap enough mortgage that rental income will cover it and give you a little profit.
That's not how it works either. You have to pay the motgage,taxes and maintenance.
It's only truly profitable with new houses and even so... Not a sure thing at ALL.
Surest thing to buy/let is actually land. Property values fluctuate far too much for it to be a sure investment with only 100 000 which btw, is NOTHING in that market.
Not to mention that the taxing for homeowners is pretty much a pisstake.
Not to mention the maintenance etc etc. Reality TV shows make the property industry look like it's an easy get rich quick scheme.
That's not how it works either. You have to pay the motgage taxes maintenance.
It's only truly profitable with new houses
Surest thing to buy/let is actually land. Property values fluctuate far too much for it to be a sure investment with only 100 000 which btw, is NOTHING in that market.
Not to mention that the taxing for homeowners is pretty much a pisstake.
Not to mention the maintenance etc etc. Reality TV shows make the property industry look like it's an easy get rich quick scheme.
It really isn't.
You say that but in the area I live in there’s a large amount of students and houses that can be converted into smaller flats. I understand that bills have to be covered, I’m not entirely stupid. I don’t think that you’d see any major benefits of a property investment for a good few hears but you’d appreciate it long term.
You say that but in the area I live in there’s a large amount of students and houses that can be converted into smaller flats. I understand that bills have to be covered, I’m not entirely stupid. I don’t think that you’d see any major benefits of a property investment for a good few hears but you’d appreciate it long term.
Assuming their value doesn't decrease. You'd have to hope and pray.
It is but okay Buy 2 let means you buy to rent.... flipping well you can search that up. Building a portfolio can take years and you might fail I don't know how this "not really how it works" because it's exactly how it works. obviously, there is more to just buying it and renting it I thought I wouldn't have to explain that to you
which can only be spent on a business idea, what would you do?
ALL ON MY DESIGNER CARPENTER BUSINESS! I have so many ideas about creating furniture which saves space, multi-functioning furniture. But sadly I did not pick D&T and business study for options GCSE :C