Well, new for the Brits anyway. The idea is this; Buy To Live In it. It’s simple really, you borrow some money in the same currency as your income, buy a house and then live in it. While living in it you can go out to work and earn some more money! Let’s imagine you spend 250,000 groats on a house and 50,000 groats on some training and qualifications, then both partners go out to work and earn 100,000 groats per year for 30 years. You’ll have earned 3,000,000 groats having invested only 300,000; that’s a tenfold increase! Can’t go wrong!
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New property investment concept; BTLI
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New property investment concept; BTLI
Last edited by Mich the Tester; 23 March 2010, 13:47.And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014 -
Originally posted by Mich the Tester View PostWell, new for the Brits anyway. The idea is this; But To Live In it. It’s simple really, you borrow some money in the same currency as your income, buy a house and then live in it. While living in it you can go out to work and earn some more money! Let’s imagine you spend 250,000 groats on a house and 50,000 groats on some training and qualifications, then both partners go out to work and earn 100,000 groats per year for 30 years. You’ll have earned 3,000,000 groats having invested only 300,000; that’s a tenfold increase! Can’t go wrong!
It will never work!"Being nice costs nothing and sometimes gets you extra bacon" - Pondlife. -
That sounds like hard work.
The old system of borrowing 100% of the money, buying, letting it, then go on holiday for 5 years and come back and sell up and make 100% profit for doing nothing sounds much more exciting.
Boomed!Comment
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It misses the important factors of stress and the potential of extra income, it might be a good idea house 10 students in conservatory & smash the boiler up every six months kind of balance it out a little.
Buy a house and just live in it?? - whatever next?
state or private?Comment
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I know, it sounds really crazy, but I still have my house, my debt has shrunk by more than my income which has only reduced slightly in the recession and the house is worth more than I owe. Is this an unfamiliar position for many Brits?And what exactly is wrong with an "ad hominem" argument? Dodgy Agent, 16-5-2014Comment
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I'm with you mitch
it would seem one of the best ways to make money is to work hard and take minimal risks...
probably buying a lottery ticket every now and then can't hurt either!Comment
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Originally posted by original PM View Postprobably buying a lottery ticket every now and then can't hurt either!
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Originally posted by original PM View Postbut if I don't pay my stupid tax the economy will failOriginally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by Mich the Tester View PostWell, new for the Brits anyway. The idea is this; Buy To Live In it. It’s simple really, you borrow some money in the same currency as your income, buy a house and then live in it. While living in it you can go out to work and earn some more money! Let’s imagine you spend 250,000 groats on a house and 50,000 groats on some training and qualifications, then both partners go out to work and earn 100,000 groats per year for 30 years. You’ll have earned 3,000,000 groats having invested only 300,000; that’s a tenfold increase! Can’t go wrong!Comment
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