Recent content by Gasgas125

  1. G

    I have £40,000 to start a new business. Ideas welcome!

    I dont think you are being rude at all, I just dont want people to make assumptions based on my brief original post... I feel like I have established a good property portfolio considering it was never my plan and I have achieved what I want from it in in terms of being able to provide for my 2...
  2. G

    I have £40,000 to start a new business. Ideas welcome!

    Yes I agree long-term, but I have 4properties so I am willing Yes I agree and have always seen it as a long-term investment, without realising how much I relied on the profit. I have all mortgages on interest-only and overpay them regularly using the profits. However, the current interest rates...
  3. G

    I have £40,000 to start a new business. Ideas welcome!

    You also refer to me making "petty" profit in the early days... I am 34 but have been a landlord for 15 years so I am very experienced. I purchased my first B2L when I was 19
  4. G

    I have £40,000 to start a new business. Ideas welcome!

    I've done the hard work, the saving, the missing out on the things I want. Overall I have a lot of equity and have achieved more than I could have imagined. With interest rates the way they are, I am no longer making much profit and it's time for me to look at other options. I've not once...
  5. G

    I have £40,000 to start a new business. Ideas welcome!

    I should have been more clear in my original post... I was earning a good profit on all of my properties UNTIL the recent increase in interest rates which means I am just over breaking even... which is why I want to move away from being a landlord. I'm not trying to gamble with something new, I...
  6. G

    I have £40,000 to start a new business. Ideas welcome!

    I dont agree? I havent "shelled out" £300k - I have borrowed it via a mortgage, which has a monthly interest rate and I make a profit from that. No sensible landlord would buy a £300k property outright and expect to live off a £700 profit? Sensible comments only please...
  7. G

    I have £40,000 to start a new business. Ideas welcome!

    Hi all - I am due to return back to my full-time admin role in a couple of months after my maternity leave and I would really like to start looking at ideas now to start up my own business. I'm not new to the game - I've got 4 properties that I rent out and previously had a successful ebay shop...
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