Discussion
Ginge R said:
There isn't.
I was a young lad, working my ass off and I trusted the geezer with all his talk of equities and bonds. I still have the paperwork; illustrating 11% growth. Hey, I was once young with £60 to invest, what did I know? When I chat with clients now, especially ignorant ones, I remember that I too, once knew the square root of sod all.
Remember the Duran Duran video for RIO and they were all on the yacht?I was a young lad, working my ass off and I trusted the geezer with all his talk of equities and bonds. I still have the paperwork; illustrating 11% growth. Hey, I was once young with £60 to invest, what did I know? When I chat with clients now, especially ignorant ones, I remember that I too, once knew the square root of sod all.
I think that's where they got the endowment 'dream' from??
Soov535 said:
Some help, gentlemen, would be appreciated.
Mum has sold her house to move to rented accomodation near to us.
She has paid off the mortgage and is left with one hundred thousand quid.
She gets pensions of £1200 per month.
Where best to invest the £100,000 to provide her with an income top up each month, with easy access to funds when needed.
Thanks awfully.
Research a good property agent up North somewhere. Someone who can source and manage btl. Someone who can and will show you real time figures. Mum has sold her house to move to rented accomodation near to us.
She has paid off the mortgage and is left with one hundred thousand quid.
She gets pensions of £1200 per month.
Where best to invest the £100,000 to provide her with an income top up each month, with easy access to funds when needed.
Thanks awfully.
As a guideline, you'll get 4 crap, 3 mediocre or 2 pretty good properties for £100k. Reckon YOY on banking 60% of the gross achievable and you shouldn't be disappointed and may even get a nice surprise. (Crap property can be a very good earner btw, but needs pro. management). As a guideline, expect at least £500pcm in the bank, and possibly up to twice that. More is unlikely for a hands-off investor.
There's been much talk of illiquidity, but it's nonsense. What you may have to do is ask the sourcer who supplied them to dump them again. They shouldn't need marketed. They're btl trade stock and that sourcer should have a bookful of potential landlords to buy them. You MAY lose a little if you must get rid of them fast, but unless that's pretty soon after you bought them you shouldn't make an overall loss when rent income's included in the picture.
You MAY also be able to refinance them rather than sell them as an option if funds are needed.
You MUST get the right sourcer/manager. Because if you do, this will work very well. If you don't then it may well go wrong or at least not so well, though you'd have to be specially unlucky to make a total loss or anywhere near.
etc etc
drainbrain said:
Research a good property agent up North somewhere. Someone who can source and manage btl. Someone who can and will show you real time figures.
As a guideline, you'll get 4 crap, 3 mediocre or 2 pretty good properties for £100k. Reckon YOY on banking 60% of the gross achievable and you shouldn't be disappointed and may even get a nice surprise. (Crap property can be a very good earner btw, but needs pro. management). As a guideline, expect at least £500pcm in the bank, and possibly up to twice that. More is unlikely for a hands-off investor.
There's been much talk of illiquidity, but it's nonsense. What you may have to do is ask the sourcer who supplied them to dump them again. They shouldn't need marketed. They're btl trade stock and that sourcer should have a bookful of potential landlords to buy them. You MAY lose a little if you must get rid of them fast, but unless that's pretty soon after you bought them you shouldn't make an overall loss when rent income's included in the picture.
You have failed to acknowledge the OP's requirements:As a guideline, you'll get 4 crap, 3 mediocre or 2 pretty good properties for £100k. Reckon YOY on banking 60% of the gross achievable and you shouldn't be disappointed and may even get a nice surprise. (Crap property can be a very good earner btw, but needs pro. management). As a guideline, expect at least £500pcm in the bank, and possibly up to twice that. More is unlikely for a hands-off investor.
There's been much talk of illiquidity, but it's nonsense. What you may have to do is ask the sourcer who supplied them to dump them again. They shouldn't need marketed. They're btl trade stock and that sourcer should have a bookful of potential landlords to buy them. You MAY lose a little if you must get rid of them fast, but unless that's pretty soon after you bought them you shouldn't make an overall loss when rent income's included in the picture.
'...easy access to funds when needed.
And this is clearly not 'very low risk'.
You also appear to confuse marketability for liquidity.
drainbrain said:
You MAY also be able to refinance them rather than sell them as an option if funds are needed.
You MUST get the right sourcer/manager. Because if you do, this will work very well. If you don't then it may well go wrong or at least not so well, though you'd have to be specially unlucky to make a total loss or anywhere near.
etc etc
The requirements are about reliable, safe income not about overall returns.You MUST get the right sourcer/manager. Because if you do, this will work very well. If you don't then it may well go wrong or at least not so well, though you'd have to be specially unlucky to make a total loss or anywhere near.
etc etc
Clearly the strategy could provide decent returns, but in isolation, is 100% inappropriate in this scenario, although could form a component of an appropriate solution.
edited to add:
What matters, of course, is the OP's interpretation of 'very low risk' and 'easy access to funds when needed'...!
Edited by sidicks on Friday 26th August 15:31
sidicks said:
The requirements are about reliable, safe income not about overall returns.
Clearly the strategy could provide decent returns, but in isolation, is 100% inappropriate in this scenario, although could form a component of an appropriate solution.
Your theories are just that and are opinions based, as usual, on no practical experience whatsoever. Clearly the strategy could provide decent returns, but in isolation, is 100% inappropriate in this scenario, although could form a component of an appropriate solution.
My strategy is rooted in reality and is one being enacted all over the country whilst we speak. Including by myself.
drainbrain said:
sidicks said:
The requirements are about reliable, safe income not about overall returns.
Clearly the strategy could provide decent returns, but in isolation, is 100% inappropriate in this scenario, although could form a component of an appropriate solution.
Your theories are just that and are opinions based, as usual, on no practical experience whatsoever. Clearly the strategy could provide decent returns, but in isolation, is 100% inappropriate in this scenario, although could form a component of an appropriate solution.
My strategy is rooted in reality and is one being enacted all over the country whilst we speak. Including by myself.
I understand what liquidity and risk mean in this context. You demonstrably do not.
What's most incredible is that you can't even see the flaw in your own plan - sourcing the properties in the first place!
According to you, these properties are easy to find, yet at the same time if you need to sell them there's apparently a vast number of willing buyers eager to purchase them off you instantly at a good price!
Edited by sidicks on Friday 26th August 15:41
drainbrain said:
Your theories are just that and are opinions based, as usual, on no practical experience whatsoever.
My strategy is rooted in reality and is one being enacted all over the country whilst we speak. Including by myself.
Tell us again about that 10% risk free return?My strategy is rooted in reality and is one being enacted all over the country whilst we speak. Including by myself.
Remind me about your FCA regulated status?
sidicks said:
My strategies are based on 20+ years of experience in investments and risk management.
I understand what liquidity and risk mean in this context. You demonstrably do not.
Then how come I'm sitting here in comfortable retirement based on matters you say I don't understand and you're stuck in an office hoping your boss won't notice you're stealing their time?I understand what liquidity and risk mean in this context. You demonstrably do not.
How do you think anyone can run businesses without an understanding of liquidity and risk?
O, I forgot. 'Luck', isn't it?
And the key word is 'PRACTICAL'. 20 years of exposure to theoretical experience don't buy zip in the shops.
drainbrain said:
Then how come I'm sitting here in comfortable retirement based on matters you say I don't understand and you're stuck in an office hoping your boss won't notice you're stealing their time?
You seem obsessed with making personal snipes - is it some sort of jealousy-coping mechanism?drainbrain said:
How do you think anyone can run businesses without an understanding of liquidity and risk?
Your comments suggest otherwise.drainbrain said:
O, I forgot. 'Luck', isn't it?
Remind where I suggested that....drianbrain said:
And the key word is 'PRACTICAL'. 20 years of exposure to theoretical experience don't buy zip in the shops.
Practical? You mean like the real money that I advise on?Still waiting to understand where these properties are that are readily available but also massively in demand by other people...
Edited by sidicks on Friday 26th August 15:54
sidicks said:
What's most incredible is that you can't even see the flaw in your own plan - sourcing the properties in the first place!
According to you, these properties are easy to find, yet at the same time if you need to sell them there's apparently a vast number of willing buyers eager to purchase them off you instantly at a good price!
I wonder what a 'sourcer' does in the btl industry? What do you think, in theory of course?According to you, these properties are easy to find, yet at the same time if you need to sell them there's apparently a vast number of willing buyers eager to purchase them off you instantly at a good price!
Do you think they 'source' properties? And what do you think they do when they find them? Do you think they find buyers for them? Y'know... the people who contact them to source property for them.
So if you need to buy a property do you think one way to get it would be to approach a sourcer?
And if you need to sell it again do you think one way might be to go back to that sourcer and ask them to resell it for you?
I mean you do THEORISE, don't you? So theorise.
And yeah. BTL's a popular thing these days. There are indeed plenty of buyers. In most places it's the best area of the market for agents.
drainbrain said:
So if you need to buy a property do you think one way to get it would be to approach a sourcer?
And if you need to sell it again do you think one way might be to go back to that sourcer and ask them to resell it for you?
What's so wonderful about these people is that they do it for free too.And if you need to sell it again do you think one way might be to go back to that sourcer and ask them to resell it for you?
drainbrain said:
I wonder what a 'sourcer' does in the btl industry? What do you think, in theory of course?
Do you think they 'source' properties? And what do you think they do when they find them? Do you think they find buyers for them? Y'know... the people who contact them to source property for them.
So if you need to buy a property do you think one way to get it would be to approach a sourcer?
And if you need to sell it again do you think one way might be to go back to that sourcer and ask them to resell it for you?
And seemingly this all happens instantaneously and free to you.Do you think they 'source' properties? And what do you think they do when they find them? Do you think they find buyers for them? Y'know... the people who contact them to source property for them.
So if you need to buy a property do you think one way to get it would be to approach a sourcer?
And if you need to sell it again do you think one way might be to go back to that sourcer and ask them to resell it for you?
And yet these people who apparently want these properties when you decide to sell haven't already approached a 'sourcer' to buy them in the first place...
walm said:
sidicks said:
drainbrain said:
O, I forgot. 'Luck', isn't it?
Remind where I suggested that....I've offered a reality based framework strategy.
Where's the theoretical option?
walm said:
What's so wonderful about these people is that they do it for free too.
Tell me, in your thoretical experience do you ever think about a property managing sourcer who's disposing of a property for an existing client who may well make no charge to the buyer on condition that they retain it's management at 10% (and may also charge the seller for the disposal)?What, in theory, would that cost the buyer?
drainbrain said:
Well one of you's right. Or both of you are wrong. How's that helping the OP? Where's the relevance? etc etc
I've offered a reality based framework strategy.
Where's the theoretical option?
A 'reality -based' strategy that doesn't address any of the OP's key requirements, but I'm sure the OP can see that!I've offered a reality based framework strategy.
Where's the theoretical option?
I'm out!
drainbrain said:
Tell me, in your thoretical experience do you ever think about a property managing sourcer who's disposing of a property for an existing client who may well make no charge to the buyer on condition that they retain it's management at 10% (and may also charge the seller for the disposal)?
Given that (according to you) there's numerous people desperately waiting to purchase this property, why would they need to do this?sidicks said:
And seemingly this all happens instantaneously and free to you.
And yet these people who apparently want these properties when you decide to sell haven't already approached a 'sourcer' to buy them in the first place...
Someone please explain to Mr Theory how property sourcing works.And yet these people who apparently want these properties when you decide to sell haven't already approached a 'sourcer' to buy them in the first place...
Instantaneously? Even faster sometimes. How's THAT done? lol! (it's a secret, but I'll share if you ask nicely).
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