New property investment concept; BTLI

**DaveB** · 23 March 2010, 12:28

Originally posted by Mich the Tester View Post

Well, 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!

Madness!

It will never work!

**DimPrawn** · 23 March 2010, 12:30

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!

**rz6bm7** · 23 March 2010, 12:33

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?

**Mich the Tester** · 23 March 2010, 12:40

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?

**original PM** · 23 March 2010, 13:15

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!

**DimPrawn** · 23 March 2010, 13:20

Originally posted by original PM View Post

probably buying a lottery ticket every now and then can't hurt either!

Dirty SPEKULANT!

**original PM** · 23 March 2010, 13:21

but if I don't pay my stupid tax the economy will fail

ooo

**d000hg** · 23 March 2010, 13:58

Originally posted by original PM View Post

but if I don't pay my stupid tax the economy will fail

I think other CUK members are eligible for much more stupid tax than you.

**Jeebo72** · 23 March 2010, 14:20

Originally posted by Mich the Tester View Post

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!

Yes, but you spend too much time in here reading posts about people making money in equity, forex and commodities etc when actually they made £500 over a 4 month period trading, and yet they’re actually on a £400 a day rate for pissing about with .NET away...

New property investment concept; BTLI