Originally posted by MarillionFan
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Mortgage paid off... now what?
Collapse
X
Collapse
-
-
Originally posted by ChimpMaster View PostYep I've already read it - the whole set of books, though the first was by far the best. My friend has actually met Robert through a £15,000 course which taught him all the ins and outs of property investing.
in amongst being distracted by DimPrawn's denial that interest rates are going to rise, and Threaded hi-jacking MF's account,
none of us picked up on this...
ChimpMaster,
your mate,
'My friend has actually met Robert through a £15,000 course which taught him all the ins and outs of property investing'
What exactly did your mate get for his £15,000 ?
Just curious you know.
Milan.Comment
-
Originally posted by milanbenes View PostChimpMaster,
your mate,
'My friend has actually met Robert through a £15,000 course which taught him all the ins and outs of property investing'
What exactly did your mate get for his £15,000 ?
Just curious you know.
Milan.
Buying with no money down, fixing it up and reselling it before any money is due etc.
Fine while you can buy in a good area and prices are rising. If not you can always sleep in your car.
HTHFiscal nomad it's legal.Comment
-
AP is talking the best sense here. A mortgage is a loan and borrowing is bad.
bad bad bad.
All you need is somewhere palatable to live, a nice base for work, forget going for luxury. Spend the rest on fantastic holidays and keep churning your car.
KISS
(\__/)
(>'.'<)
("")("") Born to Drink. Forced to WorkComment
-
Originally posted by milanbenes View Post
What exactly did your mate get for his £15,000 ?
Just curious you know.
Milan.
An old housemate of mine "got religion" off one of these courses. He paid about £3K and signed numerous NDAs. Some do it and make some cash, some get burnt... but the guy running the course was getting about £60K a month.Comment
-
Originally posted by DimPrawn View Post
I'd go further and say there's more chance of the BoE printing another £200bn to pay for bankers bonuses than interest rates rising in the next 4 or 5 years.Work in the public sector? Read the IR35 FAQ hereComment
-
Originally posted by OwlHoot View PostWHS - AtW is completely potty to keep renting instead of buying his own place.
What happens in General, stays in General.You know what they say about assumptions!Comment
-
Originally posted by OwlHoot View PostWHS - AtW is completely potty to keep renting instead of buying his own place.Comment
-
Originally posted by DimPrawn View PostI've had about £40K in there for some time, and only recently bunged that up to £300K in loans. Never got a bad debt in £40K, so thought, receiving about 7% on a much larger sum seemed like a sensible thing to do, especially with inflation becoming rampant.
Have you looked at RateSetter.com btw. That seems to be getting a mention.What happens in General, stays in General.You know what they say about assumptions!Comment
-
Originally posted by alreadypacked View PostI am guessing some stuff on "Fliping" a house as they call it in the USA
Buying with no money down, fixing it up and reselling it before any money is due etc.
Fine while you can buy in a good area and prices are rising. If not you can always sleep in your car.
HTH
No so much. More on how to locate and identify a good BTL opportunity, and the team also helps you find the first one. My friend now owns 2 BTLs, both bought within the past year at approx 20% below market price: they needed a bit of work done but once it was completed he rented out at a reasonable return - not great, but good enough.
He probably got what I got out of the £5 book.
Seriously though, my friend found the course good value - he received a lot of one-to-one mentorship and is already generating income based on the teachings. Personally I'm not one to go on such courses, especially at that price, but maybe that's the reason why he appears a lot more confident about his business future (his main business also brings in ~£300k/year)Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment