100K to invest?
Discussion
Hi
Due to poor interest rates i am torn with the idea of how to make my money work for me.
Looked at property buy to let etc, but don't think the hassle (maintenance etc) and relatively low return makes it an attractive investent unless someone can convince me otherwise.
Any ideas, i am not really a big risk taker so the stock market is ruled out, which in todays climate isn't wise anyway.
What about commercial properties, or buying land (brown field) to build business units on or something, i suppose even though 100k is a lot of money its still not enough for the latter idea.
Just looking for some inspirational ideas guys.
Due to poor interest rates i am torn with the idea of how to make my money work for me.
Looked at property buy to let etc, but don't think the hassle (maintenance etc) and relatively low return makes it an attractive investent unless someone can convince me otherwise.
Any ideas, i am not really a big risk taker so the stock market is ruled out, which in todays climate isn't wise anyway.
What about commercial properties, or buying land (brown field) to build business units on or something, i suppose even though 100k is a lot of money its still not enough for the latter idea.
Just looking for some inspirational ideas guys.
pits said:
Bear in mind with commerical premises now, or next year that there will be hundreds and thousands of them up forsale, as the new rates system comes in, which says basically. If you own a commercial premises or property which is untenated you will have to pay rates on it
Fair point, raped yet again by the government!! 
How about using some (or all of it) leveraging others efforts on property investment if you don't want the hassle?
I buy properties that are usually in such a condition they're hard to finance, so I pay for open bridging against them, which typically costs 0.75- 1% per month (on flat rates, not compounding). I then have a team who can tear a property back to the brick in 3 days flat, and rebuild from there. New plumbing, electrics, all interior fixtures & fittings. No expense spared, everything is done properly and I have a dozen examples of their work which you could be shown. I operate in South Central Birmingham.
6 months later the property has usually become a 5/ 6 bedroom licensed HMO (so must meet stringent standards such as fire alarms, doors and I put in sprinkler systems), it will be fully let on a room-by-room basis giving a much higher yield than a single let (which demands a greater standard of management, but less risk to the owner- and any financier- as having one room empty costs much, much less than trying to rent a property on a single let basis and having it empty for a whole month or more).
I remortgage to conventional finance and clear the bridge, and cover the cost of the building work. My pay rate then falls to circa 6ish% per annum at the moment which is the incentive. Worst case and market conditions do not allow for a refinance, the original bridge remains open still being paid at those high rates, but with small loans and high earning potential from the property, it's hardly a problem.
Naturally a charge would be secured against a specific property for everybody's sake.
I can prove ability to pay interest based solely on my own (very secure- Civil Service) income and always welcome finance from any new source.
One of these days I will finish the site www.thehmoworks.com as I did have plans to tell others how to do it. Having been a mortgage and financial advisor for 5 years I am naturally aware that there is an above average amount of opportunity to buy at low prices, but unless you have the right team in place (eg trustworthy, reliable builders whom I partner for these deals, correct processes for advertising to attract/ manage tenants) then it's too complex for most, particularly given the difficulty of "conventional" finance for anything property at the moment.
I have one on the go at the moment which I will bridge if I need to, but if private finance would prove cheaper I'd be a fool not to. Purchase price c£55k, work to cost c£40k (present owners have been there 62 years...) Est end value at least £150k based on current actual sales and other property valuations which means refinance should cover at least 100% of purchase and building costs. If not, leaving an amount of my own money in it not a problem.
A private loan to fund a % of the purchase and/ or rebuild costs would attract a high monthly rate of return with the loan secured against the property, returned when refinance is complete.
Drop me a line if you could be interested,
Tim
I buy properties that are usually in such a condition they're hard to finance, so I pay for open bridging against them, which typically costs 0.75- 1% per month (on flat rates, not compounding). I then have a team who can tear a property back to the brick in 3 days flat, and rebuild from there. New plumbing, electrics, all interior fixtures & fittings. No expense spared, everything is done properly and I have a dozen examples of their work which you could be shown. I operate in South Central Birmingham.
6 months later the property has usually become a 5/ 6 bedroom licensed HMO (so must meet stringent standards such as fire alarms, doors and I put in sprinkler systems), it will be fully let on a room-by-room basis giving a much higher yield than a single let (which demands a greater standard of management, but less risk to the owner- and any financier- as having one room empty costs much, much less than trying to rent a property on a single let basis and having it empty for a whole month or more).
I remortgage to conventional finance and clear the bridge, and cover the cost of the building work. My pay rate then falls to circa 6ish% per annum at the moment which is the incentive. Worst case and market conditions do not allow for a refinance, the original bridge remains open still being paid at those high rates, but with small loans and high earning potential from the property, it's hardly a problem.
Naturally a charge would be secured against a specific property for everybody's sake.
I can prove ability to pay interest based solely on my own (very secure- Civil Service) income and always welcome finance from any new source.
One of these days I will finish the site www.thehmoworks.com as I did have plans to tell others how to do it. Having been a mortgage and financial advisor for 5 years I am naturally aware that there is an above average amount of opportunity to buy at low prices, but unless you have the right team in place (eg trustworthy, reliable builders whom I partner for these deals, correct processes for advertising to attract/ manage tenants) then it's too complex for most, particularly given the difficulty of "conventional" finance for anything property at the moment.
I have one on the go at the moment which I will bridge if I need to, but if private finance would prove cheaper I'd be a fool not to. Purchase price c£55k, work to cost c£40k (present owners have been there 62 years...) Est end value at least £150k based on current actual sales and other property valuations which means refinance should cover at least 100% of purchase and building costs. If not, leaving an amount of my own money in it not a problem.
A private loan to fund a % of the purchase and/ or rebuild costs would attract a high monthly rate of return with the loan secured against the property, returned when refinance is complete.
Drop me a line if you could be interested,
Tim
I love this! Some bloke using the handle Donkeykong is asking someone else using the handle Crimp a Length (whom neither know anything about the other) to invest £100k in a business venture involving property (which is suffering the greatest fall in value since 1992)on a public internet forum.
Guys, I take my hat off to you. This clearly has unmitigated success written all over it.
To the OP, if you really have £100k burning a hole in your pocket - speak to an IFA
DK, I'm sure you are not the spivvy wideboy you come accross as, and as such don't really need to come on here looking for £100k - mind you, if you send your bank details to my brother in law in Uganda he will make sure you get at least $1,000,000,000 for your trouble. And don't be so sure that you have a secure job just because you are a civil serpent
Guys, I take my hat off to you. This clearly has unmitigated success written all over it.
To the OP, if you really have £100k burning a hole in your pocket - speak to an IFA
DK, I'm sure you are not the spivvy wideboy you come accross as, and as such don't really need to come on here looking for £100k - mind you, if you send your bank details to my brother in law in Uganda he will make sure you get at least $1,000,000,000 for your trouble. And don't be so sure that you have a secure job just because you are a civil serpent
Edited by Tyre Smoke on Wednesday 6th May 17:17
Tyre Smoke said:
To the OP, if you really have £100k burning a hole in your pocket - speak to an IFA
With due respect, I've entrusted my savings to two different IFAs over the years and I'm no better off now than I was 10 years ago (but they are). So I'm seriously considering baling out of ISAs, OEICs, TLAs and all the other over-complex, over-commissioned s
t when the fund managers and salemen get all the pie, and buying a second house outright. It'll be mine, I'll own it and I'll get the rent and the capital growth, and nobody else will be dipping their noses in the trough.Tyre Smoke said:
DK, I'm sure you are not the spivvy wideboy you come accross as,
shame, i'll have to try harder Tyre Smoke said:
and as such don't really need to come on here looking for £100k
I didn't come here looking for 100k, I came looking for a track car!I have 7 investors who have already given me 100k (or more in fact) which is all provable of course, but more are welcome at any time as there is sufficient opportunity around to make use of it.
Tyre Smoke said:
And don't be so sure that you have a secure job just because you are a civil serpent
This is certainly true. Although I would be really, really expensive to get rid of, so it's unlikely in the near term Edited by DonkeyKong on Wednesday 6th May 19:40
Simpo Two said:
Tyre Smoke said:
To the OP, if you really have £100k burning a hole in your pocket - speak to an IFA
With due respect, I've entrusted my savings to two different IFAs over the years and I'm no better off now than I was 10 years ago (but they are). So I'm seriously considering baling out of ISAs, OEICs, TLAs and all the other over-complex, over-commissioned s
t when the fund managers and salemen get all the pie, and buying a second house outright. It'll be mine, I'll own it and I'll get the rent and the capital growth, and nobody else will be dipping their noses in the trough.Gassing Station | Business | Top of Page | What's New | My Stuff