If I gave you £50,000 - what would you do with it?

[scooterscot]

Surely it all depends on your age and circumstances. Clearly if you are yet to get some investment properties then it would be a good idea to buy, do up a property and then sell it on. Turn that £50,000 into £100,000 and then use the extra £50,000 to buy me a shiny new BMW X5......

Rinse and repeat

Already have two investment properties. Never again.

[NorthWestPerm2Contr]

Put it towards kids school fees

yep, good point. £10,000 would need to go towards the fees from this September.... invest the rest.

[scooterscot]

Put it towards kids school fees

The household has made a democratic decision that would be a complete waste.

Don't want the children growing up privileged. There's no happiness there. Good education comes from good teachers, including the parents.

[NorthWestPerm2Contr]

Already have two investment properties. Never again.

Property development or BTL?

I am very reluctant to get into BTL as it will involve tenants etc. I think the idea of buying a run down property and doing it up for sale (or let if you find excellent tenants) is more profitable and less headache.

[scooterscot]

Property development or BTL?

I am very reluctant to get into BTL as it will involve tenants etc. I think the idea of buying a run down property and doing it up for sale (or let if you find excellent tenants) is more profitable and less headache.

One is a BTL, which as an investment, is impossible to get rid of whist it's yielding near 7%

The other holiday / commercial let, which we use ourselves from time to time. Better return in the long term, crap in the short. Pension really.

[NorthWestPerm2Contr]

The household has made a democratic decision that would be a complete waste.

Don't want the children growing up privileged. There's no happiness there. Good education comes from good teachers, including the parents.

Really silly to give such a blanket statement. If you live in areas where there are excellent state schools then private school would be pointless. If you live in an area with average state schools but outstanding private schools then surely it's a no brainer?

I managed to do excellently out of state schools due to my natural ability (Mainly A*/A in GCSE and AAAB at A level) but siblings have really struggled in the same setup. Friends and relatives who went through private schooling have all done well and in most cases better than myself....

The private school Mini NWP2C will be attending from September is the best primary school in the region, so why wouldn't I want the best for them?

[TheFaQQer]

I think the idea of buying a run down property and doing it up for sale (or let if you find excellent tenants) getting Sarah Beeny round regularly is more profitable and less headache fun.

FTFY

[scooterscot]

In Germany things are a little different. You pay for a private school, all taught in English, and you don't integrate with the world outside. It's a bubble to be sure. Also it's a rather transient environment with the CEO's coming in for a couple of years and then moving on. It's not as straight forward as the UK set up.

But also here in Munich the state schools are indeed excellent.

[NorthWestPerm2Contr]

In Germany things are a little different. You pay for a private school, all taught in English, and you don't integrate with the world outside. It's a bubble to be sure. Also it's a rather transient environment with the CEO's coming in for a couple of years and then moving on. It's not as straight forward as the UK set up.

But also here in Munich the state schools are indeed excellent.

So you agree that every situation is different?

[scooterscot]

So you agree that every situation is different?

Goodness yes.

For example tax rules that apply across the whole of the UK are disproportionate to income and required expenditure for minimum living wage. But the government would never recognise that. That's why we have a referendum, in part.