Property and other assets through the business

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milanbenes replied

7 December 2009, 10:54
it is my humble opinion that for those of us who subscribe to the idea that QE will bring inflation now is indeed a good time to get mortgaged up and see that debt inflated down to something very small as has been witnessed in the past

atb

&

ttfn

Milan.
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AtW replied

7 December 2009, 10:50
Originally posted by BlackenedBiker View Post

I am in my mid-thirties and have focused on driving down the mortgage for the last 5/6 years. So my warchest is circa £40K (clear)

You were a sucker mate, no offence.

Instead of spending your hard earned money on paying off mortgage you should have used it to create highly leveraged BTL - low interest rates now, thanks to Nu Liebor, printing of money that helps sustain inflated asset prices makes anyone who tried to paid off mortgage early a fool.

Yours,

Gordon Brown.
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BlackenedBiker started a topic Property and other assets through the business

7 December 2009, 10:41
Property and other assets through the business

Lots of talk on the board today about warchests.

I would be really appreciative of some advice

I am in my mid-thirties and have focused on driving down the mortgage for the last 5/6 years. So my warchest is circa £40K (clear)

I am now getting to nearly the end of paying off the mortgage, I have got married and we are now going to escape the country. So this property is going to be sold next year and a new (probably more expensive) property will be purchased.

I was thinking about my options.

I see the house that I have paid for very much as my pension pot + deposit for a new house.

So here is the multi-part question to my esteemed colleagues:

1: Should I put all of the money from this house into the new house lowering mortgage payments and hence debt level at the start, allowing a quicker exit from debt, or should I just pay the minimum deposit and invest the rest of the money in another pot (maybe even a holiday property) which is specific for the pension and doesn't represent the house that we live in.

2: Can/Should I be investing in investment opportunities from with the business. If I am comfortable with a liquid warchest of £40K should I then look to begin a portfolio of other investments (shares, property, gold etc) from within the business, with any income over and above the £40K. With the intention being that these will represent income streams other than consultancy in the mid to long term future.
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