Northern Plan B'ers

[Support Monkey]

Always amazes me how many financial advisers are stinking rich, but their clients aren't. Similar to those selling courses and books on how to become a forex trader millionaire.

I have always wondered that, i never used him i do everything myself for the very reason i know he knows as much as i do the difference is People will pay him for talking bollox

[Sysman]

So you buy empty property just to keep it empty and get no return

This new fangled investing model is interesting

"It's different this time."

[Sysman]

I think most people are missing a fact here.

The owner of an empty office is liable for business rates unless they find a tenant and so an empty business premise is not an investment its a milestone around your neck.

If there isn't a reserve the actual value of that building is probably 0 as it will cost you thousands a year until a tenant appears.

A mate of mine ended up taking the roof off a disused factory shed because the water board wanted to apply sewage charges to it. The result was that the same rain fell, but drained into the ground rather than going via a sewer.

On another note, the tax system encourages new building rather than doing up old places. A shame when there are a lot of old perfectly good stone buildings around. Many of them are of architectural interest too.

[Sysman]

Financial adviser fella i know (millionaire own business) says its a good thing to look into and he as several industrial units, the returns are good but its the same as buying houses you need the unit in the right up and coming area or where there are a large amount of existing units that are occupied already

Aye, a chap I used to know bought an old hotel in the early nineties to restore to its former glory. While that was being done he went around bankruptcy auctions filling his boots with all the kit needed to go in it. It was in a prime location, and once the economy picked up he was set to make a mint.

He did very well out of the place and sold to one of the big hotel chains.

[MarillionFan]

May Auction for Commercial this time.

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