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Discussion in 'Rural Diversification' started by Tropical, Jan 4, 2017.
wales is cheap, well cheaper than england
Wales used to be cheap, has caught up a lot now
It would be land for me.
There not making anymore of it there not gonna stop rising. Also a good place to invest for inheritance purposes.
A pair of really smart English shotguns never going to drop in price and very handy if there is a revolution!
I would suggest that a diversity of investment best, Keep 6 months living in cash, Invest some in a variety of stocks and shares - FTSE 100 say for long term play with the remainder in higher risk areas. I would consider BTL higher risk ATM as there is major house price uncertainty with a building strategy actually seeming to be real, counterbalanced by Deutsche bank being as wobbly as a weeble.
In short, don't put all eggs in one basket.
bit of land ...best thing to own IMO
I would invest it in my business.
If that's not in the spirit of the game... I'd buy a complete but horrible Series 1 E-Type Jaguar and give it a cosmetic restoration.
Long way to come when a tenant calls on new year eve wanting a drain unblocking !
That's the reality of for any wannabe landlord who thinks it's a get rich quick scheme
A rough, second-hand Baikal bought for £65 won't devalue, either... and with be just as much use during your revolution
Historically the best physical asset return bar none I believe if you buy the right things
But I think that ship has sailed and market is closer the top than bottom just now
Classic bike market seems to be topping out, well it seem's to be crazy money now, luckily i got in and got some when they were cheapish
That's like saying lottery tickets are a great investment if you pick the right numbers
Recently the likes of Clio V6, M3 CSL, 996 turbo, Ferrari 355/360 and Gallardos have seen decent increases. I guess the key is desirability with the slightly rare factor
Does the battered old '94 Cbr count
Ride when it's warmer?
Not quite the same ! Lotto is 100% luck, car investment is based on an element of skill and knowledge
Local car garage deals in prestige an classic cars. They've a 996 turbo in. Up for £59995. Bet that's a lot more than it was bought for second hand a few years ago. Wouldn't know new price on it back then.
House letting still good in my opinion. Its a question of simple maths and getting balance right, last house I bought, and lived in for a while was let to young couple desperate to stay in village where house prices are too dear, its let 150 under its value, they are in for minimum of 5 years, so no redecorating costs, no letting fees, no commission, grateful tenants that pay/do some work themselves if needs be. Not lucky, just give them a deal that they wouldn't get elsewhere, if your in it long term easily reaps the benefits in my opinion. And saves a lot of grief and phone calls, that's the way I do it anyway and suits me. Land surely peaked, cant see it going up at all after we put in motion leaving eu?
And if they loose job , divorce etc , your up the creek , I've been there many times and heard most of the tenant excuses , mate has a doctor n one of his , she hasn't paid rent in 8 months ,my best tenant was a guy I never heard from for 4 years he just paid the rent, even did work on the property , then police interviewed me for drugs farming , it had been run as a canabis farm , they never caught guy , had given a fake name , and had been paying money into bank monthly as cash , but appeared on our statement as a deposit so never thought. , then it was hookers , and that was the good properties ,
you just can't tell , tenants are tenants for a reason , and on first meeting its not usually ever as it seems
What would you do though? Buy more stock?
I'd probably just put it into building more on the farm, hopefully that would be as safe a place as any.