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Corsa Sport » Message Board » Off Day » House Day » Property Development » Post Reply
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neoquip |
posted on 9th Jan 07 at 21:56 |
min 15% deposit if you go for BUY-to-LET. | |
Colin |
posted on 9th Jan 07 at 17:30 |
You need money to invest to make it work. | |
Melville |
posted on 9th Jan 07 at 17:21 |
Everyone and his dog are jumping on the "propery developement" ladder. The truth is that any old mug could do it a couple of years back as the price of houses were increasing multi fold. It certainly not as easy now and Im looking forward to a lot of people being forced to selling cheaply or going bankrupt so I can get a couple of propertys at a knock down price. | |
--Dave-- |
posted on 9th Jan 07 at 17:03 |
would love to do this but don't really have the capital or the balls to get the ball rolling. | |
antscorsa |
posted on 9th Jan 07 at 16:17 |
my life aim is to start a side buissness with my dad to knock down houses or parts of land to design and build one off modern minamlist buildings. | |
James |
posted on 9th Jan 07 at 15:40 |
Yeah thats why I dont want to get that much :| | |
Ally |
posted on 9th Jan 07 at 15:39 |
a 140k mortgage on your own? :| thats a big whack from your wage every month | |
James |
posted on 9th Jan 07 at 15:35 |
And they are near me. | |
James |
posted on 9th Jan 07 at 15:34 |
Yes that could be a good call. | |
VegasPhil |
posted on 9th Jan 07 at 15:30 |
Buy a Reposessed home James. I can find out when the next local auction is if you like. Think we're doing one in February. | |
Ally |
posted on 9th Jan 07 at 15:29 |
Newport is being redeveloped, can get a flat there for about 70k | |
James |
posted on 9th Jan 07 at 14:35 |
Lucky for me, im near London so there are a lot of commuters, but unfortunately house prices reflect this, according to the research ive recently done, Reading is one the cheaper areas around here. | |
a_j_mair |
posted on 9th Jan 07 at 14:32 |
my dad owns 3 houses that are rented out, 2 farms that are to be developed (one is rented for 2 or 3 years until times comes to start work) | |
James |
posted on 9th Jan 07 at 14:21 |
quote: TBH I think although at times, it would be stressful, I think it would be a lot of fun, my dads a builder/plasterer, my best mates are electricians and carpenters, so I have good contacts. Where would be good to buy a property? Couldnt buy one near me due to prices :( [Edited on 09-01-2007 by James] | |
John_C |
posted on 9th Jan 07 at 14:19 |
making it work financially is the key | |
Ally |
posted on 9th Jan 07 at 13:55 |
Im hoping to do this with my current house | |
a_j_mair |
posted on 9th Jan 07 at 13:26 |
yes this is what i plan to get into in the future, it is what my dad is doing just now so planning to follow in his footsteps | |
James |
posted on 9th Jan 07 at 13:19 |
Anyone considered it? |