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Btl Replaced Salary Of Boots Boss In Four Years

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Destroy perfectly good houses and flats, turn them into slave quarters and you too can quit your job!

http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/10865251/Former-Boots-boss-Buy-to-let-replaced-my-salary-in-four-years.html

Cathy Colston quit a senior role at Boots, where she was in charge of the group’s pharmacies, with the aim of replacing her large income through property investment.

That was in 2010, when she was in her mid-40s with two teenage sons. Now she owns around a dozen properties, let on average to six sharers, which she claimed was the highest-yielding form of buy-to-let, although “not the easiest”.

Her yield of 15% sounds a bit optimistic.

Edited by aSecureTenant

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On one hand she is the sort of professional-minded person that we could do with more of in landlords. But the loss of family homes is hardly commendable.

I wonder whether she'd be sympathetic to HMOs springing up in her own neighbourhood.

Another BTL puff piece by Dyson to boot.

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"BTL is the new savings account."

According to someone on hpc the other week - maybe Slacker.

Remember all the excuses in 2000-2010, and the breakdowns and excuses people were offering for anyone who owned property. Thanks a lot for that; now that's all I associate crashes with. Excuses, and reflation. "Rates on savings on low so that fully justifies buying expensive BTL to use power of oldies compound interest to outbid and house the young, for bigger luxury pensions." *Standby for all the excuses again, at first softening into a crash.*

There are different types of BTL investors. My parents-in-law would never have bought a BTL flat (indeed they were massively against it) however they had several hundred k sitting in a bank account earning 1%.

If they'd shopped around they'd be getting 2% at best in a savings account (maybe slightly more). If they'd bought shares they might have gone up, maybe down and with dividends they'd be making maybe 4%. However in living memory the stock market has lost and recovered 50% of its value.

With the flat they bought they get a yield of about 4% (after costs and contingency), price might go up or down (up about £50k so far) in the long term.

Put it this way if they could get 4-5% in a savings account - like was common up to 2008 - there is no way they'd own a BTL flat. But as they want an income in retirement BTL is a sensible way of getting a BTL income.

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http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/10864340/1250bn-and-rising-how-buy-to-let-isovertaking-pensions.html

I think we all may be underestimating the legs BTL has got at the moment and just how far it could go. Maybe I ma succumbing to the endless positive BTL propaganda in the media, but it really does look there is huge scope for BTL to keep growing and displacing FTB and second steppers and remember the bigger it gets it becomes accepted that it is TBTF.

At £1,250bn, the value of the flats and houses owned by almost two million small-time landlords is catching up on the £1.6 trillion total amassed in workers' pension schemes

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http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/10864340/1250bn-and-rising-how-buy-to-let-isovertaking-pensions.html

I think we all may be underestimating the legs BTL has got at the moment and just how far it could go. Maybe I ma succumbing to the endless positive BTL propaganda in the media, but it really does look there is huge scope for BTL to keep growing and displacing FTB and second steppers and remember the bigger it gets it becomes accepted that it is TBTF.

At £1,250bn, the value of the flats and houses owned by almost two million small-time landlords is catching up on the £1.6 trillion total amassed in workers' pension schemes

My contact in law who acts for landlords (and lenders) makes me relaxed. Some cases where landlords often get into deep problems, in the here and now.

In 2009, one couple borrowed from all their family, and totally over-extended with 5 or 6 BTLs, taking their family's savings down with them.

Just the other day there was an anecdote of an investor recently putting down all his inheritance/savings int a BTL, on a place rented out where he (the landlord) needs to add £250/£400pm out of his own money to meet the commercial mortgage repayments. All for capital gain/forever HPI, lol.

It's a property-wonderland.

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http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/10864340/1250bn-and-rising-how-buy-to-let-isovertaking-pensions.html

I think we all may be underestimating the legs BTL has got at the moment and just how far it could go. Maybe I ma succumbing to the endless positive BTL propaganda in the media, but it really does look there is huge scope for BTL to keep growing and displacing FTB and second steppers and remember the bigger it gets it becomes accepted that it is TBTF.

At £1,250bn, the value of the flats and houses owned by almost two million small-time landlords is catching up on the £1.6 trillion total amassed in workers' pension schemes

The word putative is missing between 'the' and 'value'.

Leveraged BTL boils down to a wager that the younger generation under 30, already saddled with significant and inescapble debts from higher education, have the earnings potential to repay the landlord's loans. Either that or the state will continue to happily pay housing benefit to a level that matches, or exceeds, their mortgage repayments.

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A few points.

The boss of Boot's isthe CEO. The woman sounds like some middle-manager who's been laid off after Boots were took overby private equity. A quick google of her name shows that this is a large, coordinated press release.

HMOs are a very different beast from your normal rentals.

I can understand a group of people clubbing together and getting a big, central house. It makes sense. I did it for 10 years after university. A HMO near where you work means you'll save on commuting cost. I moved North to South so comuuting was not an option for me but one of the people I shared with lived about 100-odd miles away and just stayed Tues to Thurs. The place gave him a room, a shower a kitchen and was much cheaper and less hassle than a B+B (which are wierd, intrusive and expensive).

LL operated HMOs tend to be flophouse.

'in 2005 she inherited a large bedsit above a flat in Cardiff, which she converted into three small ones.'

A bedsit is a bedroom, a bathroom and a tiny kitchen. You cannot convert a besit into 3 smaller ones.

'Now she owns around a dozen properties, let on average to six sharers, which she claimed was the highest-yielding form of buy-to-let, although “not the easiest”.'

About a dozen? I thought this woman is good on detail. She does not appear to know how many houses she owns.

' “I generally buy large, family homes and then convert them into six-bedroom properties with an average of four bathrooms.” These could be either Victorian terraces and semis or Thirties properties.'

A large family house is 4 bedrooms, 2 bathrooms and 2 reception rooms.

You will run into building regs and LA HMO regulations trying to get 6 bedrooms and 4 bathrooms into it.

Again, she is describing a flop house, favoured by our friends from the sub-continent.

' “Whatever I do by way of conversion, I ensure the properties could still be restored to single-family use,” she said. “That way I’m not limiting their future value.”'

So a bit of chalkboard down the middle of the room then?

'Her HMO properties are let to professionals who share. The tenants’ rent includes all bills. “I pay the utility bills and the council tax,” said Ms Colston. The tenants all have separate contracts with her'

Good luck with that. By her own, vague admission, shes got 'about' 12 x 6 = 72 individual contracts on the go.

Leccy + gas inclusive too? WooHoo I've got me a mary-jew-anna hothouse!!!!! And she probably has but does not know it yet.

By professional she means 'not DSS' but her description of the houses sound like the worst DSS flophouses.

'Professional' HMOs no longer work as even if only half the people had a car - and you can expect that from people who work - most cities now have a limit of 2 parking permits per house. You would need an exceptional number of people to have no cars.

Christ even dolies run cars these days.

'Although she monitors her portfolio closely, like many investors she has no clear “exit”. She realises there is likely to be a considerable tax bill, whatever she does.'

Err, surely she has these in a company FFS?

What 'considerable tax' - capital gain???

Seriously, if she's rentrifying a street with HMOs than she's crashing the house values on the street.

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A few points.

The boss of Boot's isthe CEO. The woman sounds like some middle-manager who's been laid off after Boots were took overby private equity. A quick google of her name shows that this is a large, coordinated press release.

Well that's the narrative it seems.

Edited by 200p

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Of course it is a coordinated press release - it is a sneaky ADVERT for her services.

Come on, get with the ball. It is the Inside Track / we-set-up-BTLs-for-you (you lazy punters) all over again. Great because you act as the middle man and don't take on the risk of the actual work in dealing with the great unwashed rent-forever losers who trash your properties. Muahaha. If the returns were so good you would keep them yourself.

Look heres a house you can rent out, here's the information pack, and you pay me the fat fee. Bye bye!

Here's the linkedin profile https://www.linkedin.com/in/cathycolston

Here's her current business https://platinumpropertypartners.co.uk

We help you build your own specialist buy-to-let property portfolio that gives you an income for life. Interested?

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Of course it is a coordinated press release - it is a sneaky ADVERT for her services.

Come on, get with the ball. It is the Inside Track / we-set-up-BTLs-for-you (you lazy punters) all over again. Great because you act as the middle man and don't take on the risk of the actual work in dealing with the great unwashed rent-forever losers who trash your properties. Muahaha. If the returns were so good you would keep them yourself.

Look heres a house you can rent out, here's the information pack, and you pay me the fat fee. Bye bye!

Here's the linkedin profile https://www.linkedin.com/in/cathycolston

Here's her current business https://platinumpropertypartners.co.uk

We help you build your own specialist buy-to-let property portfolio that gives you an income for life. Interested?

Oh dear, you're really not supposed to do that you know old bean. It just isn't right - exposing hard working BTL people like that. Next you will say the Telegraph is some sort of advertising medium not a newspaper. Dear oh dear whatever next? Please don't ever read the Daily Mail will you.

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Of course it is a coordinated press release - it is a sneaky ADVERT for her services.

Come on, get with the ball. It is the Inside Track / we-set-up-BTLs-for-you (you lazy punters) all over again. Great because you act as the middle man and don't take on the risk of the actual work in dealing with the great unwashed rent-forever losers who trash your properties. Muahaha. If the returns were so good you would keep them yourself.

Look heres a house you can rent out, here's the information pack, and you pay me the fat fee. Bye bye!

Here's the linkedin profile https://www.linkedin.com/in/cathycolston

Here's her current business https://platinumpropertypartners.co.uk

We help you build your own specialist buy-to-let property portfolio that gives you an income for life. Interested?

Its actual an advert for a franchise she's bought.

Lazy beetch cannot even be bothered to come up anything original.

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Destroy perfectly good houses and flats, turn them into slave quarters and you too can quit your job!

http://www.telegraph.co.uk/finance/personalfinance/investing/buy-to-let/10865251/Former-Boots-boss-Buy-to-let-replaced-my-salary-in-four-years.html

Her yield of 15% sounds a bit optimistic.

The point about exponential growth is that if it goes on for long enough then the situation becomes entrenched. I no longer believe

that there are enough people who are so heavily mortgaged that this will lead to a cash when prices stabilise. Or to put it another way if there is a correction it will be at best to 2008-9 prices.

If you believe Piketty that r > g , then this is just what you'd expect. Property will increasingly be owned by those who inherit wealth.

This a stable trend which implies that there will be no HPC. There will simply be a larger number of people renting from a smaller number of landlords. Some of these landlords will be BTLers who bought property early enough (before 2005 probably) and their descendants. This will continue for a decade or two until the wealth gets really too obviously concentrated. Then there might be some serious political upheaval. In the meantime there will be protest votes for crazy populist parties but no change to the status quo. Sad really.

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The point about exponential growth is that if it goes on for long enough then the situation becomes entrenched. I no longer believe

that there are enough people who are so heavily mortgaged that this will lead to a cash when prices stabilise. Or to put it another way if there is a correction it will be at best to 2008-9 prices.

If you believe Piketty that r > g , then this is just what you'd expect. Property will increasingly be owned by those who inherit wealth.

This a stable trend which implies that there will be no HPC. There will simply be a larger number of people renting from a smaller number of landlords. Some of these landlords will be BTLers who bought property early enough (before 2005 probably) and their descendants. This will continue for a decade or two until the wealth gets really too obviously concentrated. Then there might be some serious political upheaval. In the meantime there will be protest votes for crazy populist parties but no change to the status quo. Sad really.

We could have narrowed the inequality, if people in 2008-10 hadn't enslaved younger generations, with all their excuses for a relatively small number of highly leveraged buyers (at ridic prices they paid), lobbying the VI for reflation purposes into first few months of a crash.

Allow the crash, tards. You can't have it all ways - protecting bomads/inheritors leveraging up to buy even more houses at stupid prices, dumb FTBs/upsizers.... keeping property wealth inflated for the older majority -------- and complain about inequality at the same time. Whilst ruining younger generations. Stop with the whiny excuses. People make their own decisions.

Legacy Lost: The Dwindling Family Inheritance

Posted on March 22, 2013 by Randy Fisher

Ninety percent of family inheritance is often lost within just three generations, according to the Wall Street Journal (Lost Inheritance). By the end of the second generation — to be clear, that’s after your children have passed away — you can expect 70% to be gone

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OK, just been to see the collection of half-witted middle managers p1ssing away their redundancy money on franchises.

They have Kris Akubusi as a motivational speaker.

I hate Kris Akubusi. I remember the fat-faced ***** always cropping up on record breakers.

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