Saturday, May 19, 2007
There you go. Proof it must be true
MSN: How to use propery to rire rich
The 'enviable' tale of a lady securing her retirement through her wise buying in BTL. Sadly not a word (or number)about her debts blah blah...you get the picture.
Posted by blindleadtheblind @ 02:24 PM (142 views) Add Comment
3 Comments
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1. Deadspider said...
“I re-mortgaged my own home and bought two more properties with the released equity"
So she no longer owns the roof over her head .
"This all happened last year, when vendors were eager to find buyers, so I was able to buy at good prices.”
So 2006 was a buyers market ??
“New investors should not be unduly nervous"
Wtf !!!!
“Buy-to-let can have an impact on your lifestyle. For me it has helped me to change from working four jobs, 12 hours a day, six-and-a-half days a week to working part-time hours which I can add to if I want."
Was/is she a cleaner ???
2. Holyroller said...
'When I retire, I intend to keep my portfolio and hope to benefit from rising rental incomes, as well as obtaining further equity releases built up over time'
If she isnt working, how can she be sure the bank will allow her to release equity and she also assumes there will be enough equity in the property.
Oh! hang on, House prices only ever go up, there will loads of equity.
3. bidin'matime said...
An ignorant piece about an ignorant person, aimed at ignorant readers.