Government financial assistance.

  • Thread starter Thread starter Deleted member 23452
  • Start date Start date

What assistance have you had (or applied for but waiting) from the Government so far? Tick all that

  • None.

    Votes: 31 56.4%

  • Small business rate relief grant.

    Votes: 1 1.8%

  • Business loan.

    Votes: 1 1.8%

  • Universal credit.

    Votes: 6 10.9%

  • Furlough scheme payment/s.

    Votes: 5 9.1%

  • Self-employed profit based cash back.

    Votes: 16 29.1%

  • Deferred VAT payment.

    Votes: 1 1.8%
  • Total voters
    55
Pl plastering said:
Exactly a man who sees the bigger picture I lost about 3 months rent with paying extra taxes,do I care? No..why you ask,is because it's still churning out a gross profit and hopefully when I sell up in 25 years it's gone up in value 20%..where as casper will spend it on a Adidas 4 stripe go go faster van.whos the smart one? :coffe: saying that,he is a sweaty I suppose
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Yes and your increase in value of 20% your paying capital gains tax your interest only aswell your not paying capital off , houses at that end of the market are barely going up in value either.
Go on any landlord forums people with portfolios are selling up, the hasstle isn’t worth it. Been there done it.from a purely financial aspect your better paying your mortgage down as you’ll also save years of compound interest, as well as free of capital gains tax. If you are going down investment in bricks and mortar route, I’d look at commercial investments, better tenancy agreements.
 
owls said:
Yes and your increase in value of 20% your paying capital gains tax your interest only aswell your not paying capital off , houses at that end of the market are barely going up in value either.
Go on any landlord forums people with portfolios are selling up, the hasstle isn’t worth it. Been there done it.from a purely financial aspect your better paying your mortgage down as you’ll also save years of compound interest, as well as free of capital gains tax. If you are going down investment in bricks and mortar route, I’d look at commercial investments, better tenancy agreements.
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Get your point,but a s**t hole I bought in 2017 has gone up £15k.
 
owls said:
Yes and your increase in value of 20% your paying capital gains tax your interest only aswell your not paying capital off , houses at that end of the market are barely going up in value either.
Go on any landlord forums people with portfolios are selling up, the hasstle isn’t worth it. Been there done it.from a purely financial aspect your better paying your mortgage down as you’ll also save years of compound interest, as well as free of capital gains tax. If you are going down investment in bricks and mortar route, I’d look at commercial investments, better tenancy agreements.
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Everyone under estimates compound interest, and compound gains (maybe not the right term) from dividend reinvestment if you hold shares long term
 
owls said:
A fair point, but a house is only worth what someone will pay at that point in time.
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Yep I agree,all a gamble really but I'm 99% sure I wont lose money but theres a very very good chance in 25 years that will add another £15k on top.knowbody knows but il be in the position to find out
 
I’ve buy to let’s, long term ie for a pension. I had a dss house nothing but hasstle over an 8 year period, glad to see the back of it, I accept there’s elements of luck with any venture but I was glad to see the back of it.
 
owls said:
I’ve buy to let’s, long term ie for a pension. I had a dss house nothing but hasstle over an 8 year period, glad to see the back of it, I accept there’s elements of luck with any venture but I was glad to see the back of it.
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Yep there hassle orite,I'm down one on wed unblocking waste outside drain
 
My best one was the first house I ever bought, to live in. the worst house on a good street but in a good area, it’s doubled in value in 14 years or so, renovated and remortgaged moved on,buys like that are few and far between in this day and age.
 
owls said:
My best one was the first house I ever bought, to live in. the worst house on a good street but in a good area, it’s doubled in value in 14 years or so, renovated and remortgaged moved on,buys like that are few and far between in this day and age.
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Totally different era tho,very rarely you can do that now
 
owls said:
Tennents have more rights than you do. They recked my kitchen went months without rent I had to get court proceedings going they know the system, cost me around 8 grand in the end.
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Yep,f**k**g wankers there are,dirty f**k**s aswell,never seen a cleaning product in there trolleys ever
 
Pl plastering said:
Exactly a man who sees the bigger picture I lost about 3 months rent with paying extra taxes,do I care? No..why you ask,is because it's still churning out a gross profit and hopefully when I sell up in 25 years it's gone up in value 20%..where as casper will spend it on a Adidas 4 stripe go go faster van.whos the smart one? :coffe: saying that,he is a sweaty I suppose
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Only 20% in 25 years :oops:

historically house prices double every 7 years, , take out If the equation the 2008 recession and this covid thing
Im In london so can only speak as I find
 
owls said:
I’ve buy to let’s, long term ie for a pension. I had a dss house nothing but hasstle over an 8 year period, glad to see the back of it, I accept there’s elements of luck with any venture but I was glad to see the back of it.
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Wrong tenants that’s why
 
Best thing to do is educate yourself in the markets...seen loads of people on instagram making mils can't be that hard most of them look thick as pig sh*t
 
FreeD said:
Best thing to do is educate yourself in the markets...seen loads of people on instagram making mils can't be that hard most of them look thick as pig sh*t
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It’s luck, Money to start with, and the right opportunities coming along. In my experience people that brag in life seldom have in life.
 
owls said:
It’s luck, Money to start with, and the right opportunities coming along. In my experience people that brag in life seldom have in life.
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Bragging seems to be a way of making money in itself these days
 
I'm still into property and have diversified into some stocks...for me it's HMO's 6 beds plus or commercial into flats...HMOS are getting difficult though.
 
superspread said:
Yea that’s fair enough
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One of them has been in since 2013 super.got 8 years left then its paid,I bought in 2007 lived in it 4 6 years,so somebody's effectively paid off my house bar me paying mortgage 4 6 years..that's way Iook at it :birra: never missed a days rent,il need to spend about £8k tho when there move out
 
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