where would you invest 50,000 and why

Discussion in 'Rural Diversification' started by Tropical, Jan 4, 2017.

  1. Tropical

    Tropical Member

    Location:
    Carmarthenshire
    Buy
    1 forest land
    2 paddocks
    3 building plot

    maybe more livestock what do you think
     
  2. where are the building plots for sale at 50k
     
    Chasingmytail and smcapstick like this.
  3. Tropical

    Tropical Member

    Location:
    Carmarthenshire
    seen a few at 70,000 i think carmarthenshire
     
  4. Tropical

    Tropical Member

    Location:
    Carmarthenshire
    but you can also pick up wood land for about 50000 25 acres approx
     
  5. saly123

    saly123 Member

    Location:
    Wales
    4. Buy tractor and go contracting
     
  6. that's 40% over budget
     
    smcapstick likes this.
  7. S J H and Tropical like this.
  8. TT.

    TT. Member

    Houses?

    Buy 5 houses worth £60k, each with a £10K deposit.

    Mortgage will come in around £200/month, and rental income around £500/month - £1500/month income minus costs.

    After 25 years you have a good whack of assets too.

    If only it was that simple, of course.
     
  9. Tropical

    Tropical Member

    Location:
    Carmarthenshire
    if only :)
     
    Clive likes this.
  10. Clive

    Clive Staff Member

    Location:
    Lichfield
    What area of the uk can that be done in ?

    A mortgage on a starter home (£150k around here) would cost more than the rental income right now, then you have R&M and tenants that don't pay to consider

    House prices are flat and I wouldn't be at all surprised to see falls in the future as they have long been out of line with income
     
    Andrew K, Tropical and multi power like this.
  11. TT.

    TT. Member

    Here's one within 15 miles of Lichfield - http://www.rightmove.co.uk/property-for-sale/property-62127188.html

    Lots of cheap terraced houses in towns, but of course the problems you have mentioned are greatly increased towards the lower end of the market.

    I doubt bottom end house prices will fall, there's always going to be a demand for BTL and cheap first houses.
     
    Tropical likes this.
  12. Clive

    Clive Staff Member

    Location:
    Lichfield
    Burton is a VERY long way away from Lichfield in property price terms

    Would not rent for much at all and not to the kind of tenants you would expect to pay consistently either in my experience

    Owning residential property is not a great investment these days, the return is nothing to get excited about

    What would a repayment mortgage on 60k cost ? I would be suprised if it was less than rent in that area
     
  13. TT.

    TT. Member

    It doesn't have to be right on your doorstep... You asked where it can be done, I just used that as an example to show you...

    Looking at local prices it would let for £450/month and the mortgage (50k, remember your deposit) would come in at about £200/month.

    I've already said this would be a "perfect world" scenario.
     
  14. RobFZS

    RobFZS Member

    Plenty in Crewe for that price, shame it's a while off being gentrified
     
    TT. likes this.
  15. http://www.walesonline.co.uk/lifestyle/welsh-homes/9-cheapest-houses-market-wales-10832565

    Here we are Clive - 5 for £150k!
     
    Tropical likes this.
  16. Sheepykid

    Sheepykid Member

    What about classic cars? Or cars that will become classics. Could even use it on the weekend then. I don't know what to recommend. But I imagine it can be done with reasonable success. Aston martin, Bentley maybe.
     
  17. multi power

    multi power Member

    Location:
    pembrokeshire
  18. multi power

    multi power Member

    Location:
    pembrokeshire
    I would buy either land and or some nice classic tractors
    Why, not because they will be the absolute best return on capital but because I understand them and know what to buy or avoid, also they would give me a lot of enjoyment while appreciating
     
  19. In my bank account and i will send you a restored tractor as a token of thanks ....

    Seriously though some cars etc are making really good investments but do your homework or ask somebody in the classic trade as to their suggestions
    The old healys are making £100k now adays so i would be worth a look imo
    Also the old fords and audis have a good following but have to origanal no boy racer types
    There seems to be more money in the car world wish tractor world was tha same

    Land would be a good investment in a future up and coming area how long and you willing to wait for your return???
    They aint making any more land either hahaha
     
    Tropical likes this.
  20. bobk

    bobk Member

    Location:
    stafford
    Yet Nantwich prices are mental .
     
    TT. likes this.

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