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Forum » Property is NOT how you make money..srs
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Thread: Property is NOT how you make money..srs

post 1540350161 01-12-2018, 03:17 AM
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Got my house valued the other week and in the last 3 years since I bought it, its gone up approximately £40-45K a year.

Part of me feels sorry for other youngsters like myself who cant even earn £40-45K a year (so how is it ever possible to save enough to get a deposit), it's like you need to earn £80-100K just to be able to earn more than the market is rising.

The other part of me thinks fuk them, I did it - so its possible, theyre just being lazy. I legit worked like 90 hrs a week from 19-23 and side hustled so much chit on top of that. Now I hardly work and earn more than I've ever done before.

Welcome to the layer cake, son.

In the age of cryptocurrencies and the internet and so many different platforms to build a business, and free places to learn things (e.g. forums, youtube etc.) - there is absolutely NO excuses as to why anyone cant make like £250K a year + (unless they are uneducated, unhealthy or lazy)



As far as investment goes, I stick a small perentage into cryptos for fun, but other than that I havent got around to doing anything. Sitting on a large chunk. When I buy the next house, I will put the very minimum deposit down and then invest the rest. Reason being - mortgage rates are locked at 0.90% - 2.5% - and even just leaving it i the bank I can see a return of 4-5%. So if I invest, hopefully should get better returns.
post 1540350381 01-12-2018, 03:24 AM
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Originally Posted By guest89⏩
Real estate is the most effective way to leverage someone elses money and generate enough returns to repay the debt and collect a profit.
This. If you're renting and driving rents up properly, I don't see what the market has to do with anything, especially during a downturn.
post 1540350541 01-12-2018, 03:30 AM
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Originally Posted By TrotonKat⏩
Ohhh

Called buying and selling and renting
Well that's cleared that up
post 1540350691 01-12-2018, 03:35 AM
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Originally Posted By LexBrah⏩
Got my house valued the other week and in the last 3 years since I bought it, its gone up approximately £40-45K a year.

Part of me feels sorry for other youngsters like myself who cant even earn £40-45K a year (so how is it ever possible to save enough to get a deposit), it's like you need to earn £80-100K just to be able to earn more than the market is rising.

The other part of me thinks fuk them, I did it - so its possible, theyre just being lazy. I legit worked like 90 hrs a week from 19-23 and side hustled so much chit on top of that. Now I hardly work and earn more than I've ever done before.

Welcome to the layer cake, son.

In the age of cryptocurrencies and the internet and so many different platforms to build a business, and free places to learn things (e.g. forums, youtube etc.) - there is absolutely NO excuses as to why anyone cant make like £250K a year + (unless they are uneducated, unhealthy or lazy)



As far as investment goes, I stick a small perentage into cryptos for fun, but other than that I havent got around to doing anything. Sitting on a large chunk. When I buy the next house, I will put the very minimum deposit down and then invest the rest. Reason being - mortgage rates are locked at 0.90% - 2.5% - and even just leaving it i the bank I can see a return of 4-5%. So if I invest, hopefully should get better returns.
Right so you hustled and made money first, then invested for a 4-5% return. Which part of that disagrees with any of my op ITT?
post 1540350721 01-12-2018, 03:36 AM
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Originally Posted By IH8RICE⏩
This. If you're renting and driving rents up properly, I don't see what the market has to do with anything, especially during a downturn.
How are you driving rents up again?
post 1540352031 01-12-2018, 04:24 AM
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Originally Posted By DrunkPanda18⏩
Yes, let's all listen to the guy who is currently serving time in federal pound me in the ass prison for being a scam artist
nice argument boyo, hes probably got 1000x more money than you. why dont you counter him rather than ad hominem
post 1540352071 01-12-2018, 04:25 AM
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Agree with OP.
Lol if your house is your investment. Surefire way to not have any "actual" money imo. It's a great investment to leave for your kids, once you die though.
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post 1540352521 01-12-2018, 04:42 AM
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post 1540352911 01-12-2018, 04:51 AM
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Originally Posted By bodymovesyou⏩
I bought my house two years ago for $716K and similar houses today are going over $900K

The key with property is to get in while the city/town is still growing.
Here's the thing though.. how are you going to crystallise that 184k 'profit'..?

I'm not saying it isn't real money, it is, but unless you downsize or move somewhere cheaper you aren't going to see that money. You have just ensured you can afford to buy something similar if prices were to rise quickly
post 1540353481 01-12-2018, 05:07 AM
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Op is right on this one
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post 1540356431 01-12-2018, 06:09 AM
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Originally Posted By davik⏩
I win then?
You win at whining certainly
post 1540357471 01-12-2018, 06:29 AM
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OP is absolutely correct and not a single person ITT has provided any evidence to the contrary

I've seen the posts OP is talking about. They aren't as common as they used to be. The financial calculations and speculation are laughable at best
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post 1540358201 01-12-2018, 06:41 AM
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Originally Posted By milesgiles1⏩
Well that's cleared that up
Unless you are turning over run down houses the money isn't instant. You buy a property and you have to sit on that property for a year or more before you can sell to profit. You keep buying and selling until you can either buy a house you can knock down and put units on. People generally when investing in properties don't keep upgrading after selling they instead buy something cheaper and in an area that will go up in value.
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post 1540359721 01-12-2018, 06:59 AM
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Originally Posted By milesgiles1⏩
.....

Cliffs/life advice. Get a skill. Educate yourself. Get a side hustle. Stop looking for shortcuts. Forget the words passive income.Live within your means,acquire capital, invest said capital wisely. Eventually you may feel some of your wealth should go into real estate. There ain't no easy road.
Live within your means,


Live within your means,


Live within your means,
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post 1540361141 01-12-2018, 07:21 AM
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I think a lot of people immediately went into defensive mode after reading OP's thread. He does make some sense if you take the time to read his responses and think about it.
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post 1540362221 01-12-2018, 07:37 AM
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Originally Posted By TrotonKat⏩
Unless you are turning over run down houses the money isn't instant. You buy a property and you have to sit on that property for a year or more before you can sell to profit. You keep buying and selling until you can either buy a house you can knock down and put units on. People generally when investing in properties don't keep upgrading after selling they instead buy something cheaper and in an area that will go up in value.
It might be me but that doesn't make much sense. Why do you have to wait a year? If that house goes up in value doesn't the house you next intend to buy do the same. How do you know an area will go up in value? What secret information does that person have that no one else has acces to?
post 1540362831 01-12-2018, 07:45 AM
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Originally Posted By milesgiles1⏩
It might be me but that doesn't make much sense. Why do you have to wait a year? If that house goes up in value doesn't the house you next intend to buy do the same. How do you know an area will go up in value? What secret information does that person have that no one else has acces to?
Generally speaking when land gets subdivided and you buy the block of land that block will keep going up in value once the area is developed. Sorry if I make no sense I'm on night shift and super tired. It usually takes a year before you start to see houses after land has been sold off for an estate .
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post 1540363621 01-12-2018, 07:54 AM
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i make 4k+ a month off rental property + the value of the 2 houses if i ever decide to sell easily mellionaire status
post 1540365641 01-12-2018, 08:15 AM
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Originally Posted By TrotonKat⏩
Generally speaking when land gets subdivided and you buy the block of land that block will keep going up in value once the area is developed. Sorry if I make no sense I'm on night shift and super tired. It usually takes a year before you start to see houses after land has been sold off for an estate .
I can only see two problems with this

1. Need to know what bit of land is going to be developed
2. Need the cash to buy it
post 1540366251 01-12-2018, 08:21 AM
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Originally Posted By bigmane123⏩
i make 4k+ a month off rental property + the value of the 2 houses if i ever decide to sell easily mellionaire status
48k a year on a million dollars is 4.8%.. IF no mortgage/expenses/taxes...is the misc listening though?
post 1540366391 01-12-2018, 08:23 AM
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Originally Posted By milesgiles1⏩
I can only see two problems with this

1. Need to know what bit of land is going to be developed
2. Need the cash to buy it
Like I said not something you can start making bank off. Obviously you need to save a decent amount of money and also take out a loan.
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post 1540367031 01-12-2018, 08:29 AM
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Originally Posted By TrotonKat⏩
Like I said not something you can start making bank off. Obviously you need to save a decent amount of money and also take out a loan.
Er..right. Did you actually read anything I have posted ITT? Even the first post??
post 1540367921 01-12-2018, 08:37 AM
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Originally Posted By milesgiles1⏩
48k a year on a million dollars is 4.8%.. IF no mortgage/expenses/taxes...is the misc listening though?
both cribs r paid off and the place i live in now i pay cheap rent while the houses r making me money so im winning
post 1540368121 01-12-2018, 08:38 AM
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Originally Posted By milesgiles1⏩
Er..right. Did you actually read anything I have posted ITT? Even the first post??
****something you can't start**** not can

You need to either have the funds to begin with or save up money for a decent deposit on either land or a house. You can either keep the land sitting there and sell when the price has gone up or buy a house and rent than sell once the house has increased value. Buying land or a house is a good investment to sell on and the money can go towards sitting yourself up or investing in more property

Do you think people can not make money from property?
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post 1540368271 01-12-2018, 08:40 AM
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Originally Posted By milesgiles1⏩
I can only see two problems with this

1. Need to know what bit of land is going to be developed
2. Need the cash to buy it
Real estate INVESTORS. There are sophisticated and accredited investors that will invest in your property if they see profits.
post 1540370401 01-12-2018, 08:59 AM
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Originally Posted By bodymovesyou⏩
I bought my house two years ago for $716K and similar houses today are going over $900K

The key with property is to get in while the city/town is still growing.
Location
Location
Location

Three places I purchased, all three worth far more, and more than another investment would have made in that time period.

Lots of people have gotten rich from real estate, and some have lost their shirt, not unlike any investment...if people getting into it to get rich quick by being a master flipper and such, then yes, they may crash and burn badly.

Some real estate should be part of anyones investment portfolio, but I view it as a long/medium term investment, in the 5-10+ year range.
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post 1540381061 01-12-2018, 10:42 AM
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Originally Posted By TrotonKat⏩
****something you can't start**** not can

You need to either have the funds to begin with or save up money for a decent deposit on either land or a house. You can either keep the land sitting there and sell when the price has gone up or buy a house and rent than sell once the house has increased value. Buying land or a house is a good investment to sell on and the money can go towards sitting yourself up or investing in more property

Do you think people can not make money from property?
I mean, ive answered this in every way I know how,srs. Look at the example above, where a guy is telling me what a great investment property is and yet his absolute best GROSS return, on his own figures, is 4.8%..
post 1540381361 01-12-2018, 10:46 AM
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Originally Posted By IH8RICE⏩
Real estate INVESTORS. There are sophisticated and accredited investors that will invest in your property if they see profits.
Hold on squire..have you bought the land or not? I think you are saying you buy land and hope for an investor to find a developer to zone it and you sell for more than you paid??

I mean, if that's what you are saying you aren't wrong, but it doesn't answer my two questions, how do you know what land is going to become valuable, and how to you raise the initial deposit?

If you mean something else entirely please explain
post 1540382051 01-12-2018, 10:53 AM
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Originally Posted By WillBrink⏩
Location
Location
Location

Three places I purchased, all three worth far more, and more than another investment would have made in that time period.

Lots of people have gotten rich from real estate, and some have lost their shirt, not unlike any investment...if people getting into it to get rich quick by being a master flipper and such, then yes, they may crash and burn badly.

Some real estate should be part of anyones investment portfolio, but I view it as a long/medium term investment, in the 5-10+ year range.
'member you from Ironman/Musclemag back in the day, humbled to have you up in this thread..

(he really is an industry insider btw..but we cant talk about that..)

*The timeframe on a your return is, lets be honest, determined largely by luck. Whilst RE has overall outpaced many other investments, there have been two big collapses in values in the last 30 years, and if you bought the wrong side of those a decent investment either cleaned you out or you spent a very long time regaining what you have lost.
So yeah, if you bought after the sub prime, it looks (at the moment) like a phenomenal medium term investment. Averaged over the whole 30 years (a typical mortgage) it becomes a decent long term investment
post 1540382671 01-12-2018, 10:59 AM
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Originally Posted By milesgiles1⏩
Hold on squire..have you bought the land or not? I think you are saying you buy land and hope for an investor to find a developer to zone it and you sell for more than you paid??

I mean, if that's what you are saying you aren't wrong, but it doesn't answer my two questions, how do you know what land is going to become valuable, and how to you raise the initial deposit?

If you mean something else entirely please explain
You need to start saving cash asap so you have a decent deposit. You look around for areas that are being built up and it would be very rare for a block of land to decrease in value
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