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spyguy

Everybody go: Hotel, motel, whatcha gonna do today ...

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 'I said a hip hop the hippie the hippie

To the hip hip hop and you don't stop'

Via afriend

https://www.theguardian.com/money/2018/apr/07/i-started-my-business-from-scratch-and-now-work-two-weeks-a-month

' I prefer to travel by private jet because you can rock up at the airport 10 minutes before the flight. There’s no queuing and you get driven right from the plane door to immigration. I must save at least six hours of my time per round trip. That’s important to me, because I tend to work incredibly hard when I’m not on holiday, typically putting in a 10- to 15-hour day. '

'I must have taken 45 or 50 flights in the past year to 30 different places. I like to go skiing or visit Paris, Milan and new places – I love immersing myself in new cultures. I don’t own my own jet; I pay for a membership service that enables me to get seats on private charters. '

Im guessing he must have walked back. Or got the bus...

' I’ve got a six-figure sum invested in cryptocurrencies, and it’s not uncommon for me to make around £1,000 overnight. I’ve made around £60,000 to £70,000 in total although I lost £7,000 recently when bitcoin fell back. '

' I have two buy-to-let properties I own which pay my mortgage, and I’m about to take on a third one. And I do guaranteed rentals; I rent, say, a three-bed home and pay £1,500 a month to the landlord guaranteed for five years, then I make it an HMO (house of multiple occupation) doing things like changing the lounge into a bedroom and earning more than the £1,500 rent. '

OK, even by the wierd way IO BTLer work, I dont understand that. Does he 'own' them? Or is he sublettign them?

Im glad hes earning more than 1500' He'd not be a very good business man if he was renting at 1500 and subletting at 1200...

Subletting is illegal.

 HMOs are regulated in bmouth now.

 

 

 

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Quote

I now work two weeks a month
...
I tend to work incredibly hard when I’m not on holiday, typically putting in a 10- to 15-hour day.

So instead of working four weeks of 7-8 hour days, he works two weeks of 10-15 hour days?

That's still pretty close to working the same number of hours per month as a "regular worker" just compressed into two weeks.  I'm not sure how much extra time this lifestyle is currently actually buying him!

Perhaps it might allow him to retire earlier, I guess.

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I do not like this man.

 

A YOUNG 'prodigy' caught driving his brand new £70,000 Porsche at almost double the speed limit near a Poole school has been banned from the roads.

Entrepreneur Mitchell Stuart, the founder of Bournemouth-based company Inferno Media, was lambasted by magistrates after he admitted driving at 55 miles per hour in Lilliput Road shortly before 3pm on Tuesday, June 5.

The 21-year-old, who claimed a top award for his business acumen three years ago and recently told a national newspaper he prefers to travel by private jet, had been rushing to a meeting when he was caught by PC Kier Dagnall.On Monday, Stuart told a court that he shouldn't be disqualified from driving because his business could collapse and he could be forced to declare bankruptcy, adding: "Honestly, I'm screwed."

But after learning the defendant already has six points on his licence, magistrates' chair Martin Arthur told Stuart, of Brudenell Avenue inSandbanks. "We feel you need a short, sharp shock."

Richard Withey, prosecuting, said PC Dagnall had been carrying out speed enforcement checks near Lilliput C of E Infant School when he stopped Stuart.

The defendant immediately accepted he had been driving too fast and told the officer: "I don't know what I'm thinking."

Stuart was represented in court by London barrister Archangelo Power, who specialises in serious crime including murder and armed robbery.

Mr Power said if the defendant were to be disqualified, he would "lose his job" and "have to make others redundant."

"[Stuart] was not speeding for sheer enjoyment," he said.

"He was late for a meeting. His business is in heavy arrears of some £50,000. This is a young man of previous good character who is also a school governor and has done his level best to work since he was 16.

"He is one of those start-up child prodigies."

As a result of his business troubles, Stuart has recently taken a job with 4Com in Christchurch. Stuart's contract will be terminated if he cannot drive, the court heard.

Mr Power said the defendant employs five people, arguing the loss of their jobs could constitute 'exceptional hardship'.

However, Mr Arthur said: "It was a brand new Porsche. He is 21 years old. He is £50,000 in arrears.

"That car probably cost more than £50,000.

"It's probably that sort of thing that's causing the business problems."

The court heard Stuart was given the car as a present by his father. He has since sold it, it was heard.

However, in his interview with the Guardian, which appeared in April this year, he claimed to have bought a £70,000 Porsche himself.

Mr Arthur said: "He cannot drive in this manner through this conurbation, or any conurbation, and not have an accident and maybe kill someone."

Magistrates allowed Stuart the chance to speak at the hearing.

He told the court he had started his company after leaving school with "the minimum of GCSEs."

"I was completely stupid," he said.

"I was under massive pressure and I didn't want to be late for a meeting.

"I knew it was something that was going to help my business survive. But there are no excuses."

Mr Arthur said: "Your company isn't going to fail because you were speeding.

"If it's going to fail, it's going to fail."

Stuart was banned from driving for 30 days and ordered to pay an £816 fines, an £81 surcharge and £85 costs.

After the hearing, Stuart ran from the court with a coat over his head and jumped into a BMW, which pulled away from the kerb at speed with its tyres screeching.

 

 

https://www.bournemouthecho.co.uk/news/16986349.mitchell-stuart-drove-his-porsche-at-55mph-near-lilliput-c-of-e-infant-school/

 

 

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I saw this a while ago. It's funny how as a society we celebrate this stuff. Imagine what would happen if the guys who keep the sewers clear and collect our rubbish downed tools for a few days.

Edit, to say I've just noticed the much celebrated British entrepreneur in the ad on the right of this thread. How ironic that he grew up to be a tax looting parasite.

Edited by dom

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9 minutes ago, PeanutButter said:

I do not like this man.

 

A YOUNG 'prodigy' caught driving his brand new £70,000 Porsche at almost double the speed limit near a Poole school has been banned from the roads.

Entrepreneur Mitchell Stuart, the founder of Bournemouth-based company Inferno Media, was lambasted by magistrates after he admitted driving at 55 miles per hour in Lilliput Road shortly before 3pm on Tuesday, June 5.

The 21-year-old, who claimed a top award for his business acumen three years ago and recently told a national newspaper he prefers to travel by private jet, had been rushing to a meeting when he was caught by PC Kier Dagnall.On Monday, Stuart told a court that he shouldn't be disqualified from driving because his business could collapse and he could be forced to declare bankruptcy, adding: "Honestly, I'm screwed."

But after learning the defendant already has six points on his licence, magistrates' chair Martin Arthur told Stuart, of Brudenell Avenue inSandbanks. "We feel you need a short, sharp shock."

Richard Withey, prosecuting, said PC Dagnall had been carrying out speed enforcement checks near Lilliput C of E Infant School when he stopped Stuart.

The defendant immediately accepted he had been driving too fast and told the officer: "I don't know what I'm thinking."

Stuart was represented in court by London barrister Archangelo Power, who specialises in serious crime including murder and armed robbery.

Mr Power said if the defendant were to be disqualified, he would "lose his job" and "have to make others redundant."

"[Stuart] was not speeding for sheer enjoyment," he said.

"He was late for a meeting. His business is in heavy arrears of some £50,000. This is a young man of previous good character who is also a school governor and has done his level best to work since he was 16.

"He is one of those start-up child prodigies."

As a result of his business troubles, Stuart has recently taken a job with 4Com in Christchurch. Stuart's contract will be terminated if he cannot drive, the court heard.

Mr Power said the defendant employs five people, arguing the loss of their jobs could constitute 'exceptional hardship'.

However, Mr Arthur said: "It was a brand new Porsche. He is 21 years old. He is £50,000 in arrears.

"That car probably cost more than £50,000.

"It's probably that sort of thing that's causing the business problems."

The court heard Stuart was given the car as a present by his father. He has since sold it, it was heard.

However, in his interview with the Guardian, which appeared in April this year, he claimed to have bought a £70,000 Porsche himself.

Mr Arthur said: "He cannot drive in this manner through this conurbation, or any conurbation, and not have an accident and maybe kill someone."

Magistrates allowed Stuart the chance to speak at the hearing.

He told the court he had started his company after leaving school with "the minimum of GCSEs."

"I was completely stupid," he said.

"I was under massive pressure and I didn't want to be late for a meeting.

"I knew it was something that was going to help my business survive. But there are no excuses."

Mr Arthur said: "Your company isn't going to fail because you were speeding.

"If it's going to fail, it's going to fail."

Stuart was banned from driving for 30 days and ordered to pay an £816 fines, an £81 surcharge and £85 costs.

After the hearing, Stuart ran from the court with a coat over his head and jumped into a BMW, which pulled away from the kerb at speed with its tyres screeching.

 

 

https://www.bournemouthecho.co.uk/news/16986349.mitchell-stuart-drove-his-porsche-at-55mph-near-lilliput-c-of-e-infant-school/

 

 

Apparently his Dad runs ones of those scammy private car park operations - Britannia Parking.

 

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1 hour ago, No One said:

report this 

My post?

Or the sheer bell-endianess of the bloke?

I dont think being a bell-end is a crime. Yet.

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11 hours ago, spyguy said:

OK, even by the wierd way IO BTLer work, I dont understand that. Does he 'own' them? Or is he sublettign them?

 Im glad hes earning more than 1500' He'd not be a very good business man if he was renting at 1500 and subletting at 1200...

 Subletting is illegal.

Subletting is so vulgar It's "rent2rent" these days. The new way of being a landlord without having to ever own any property, no messy BTL mortgages, You just find a landlord who'll rent a house to you on the promise of fixed monthly rents, then rent the rooms out separately to tenants.

Sit in the middle and collect what seems like free money. Until the real landlords mortgage lender finds out and calls the loan in, Or you go broke from voids/tenant damage/bad debts etc

I feel the people who run property "investing" seminars have legitimized subletting under the "rent2rent" brand as a plausible "investment strategy" to lure in people who have no money/can't get a mortgage into paying for property investing courses. 

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15 hours ago, spyguy said:

My post?

Or the sheer bell-endianess of the bloke?

I dont think being a bell-end is a crime. Yet.

report turning a house into an hmo, you need planning permission to do that

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I wouldn't even assume that he has the consent of the landlord to sublet, I can't imagine many would be happy with the idea - if they thought it was a good idea and they could get 4x rent by subdividing it and didn't mind the place getting trashed then I'd assume they'd already be doing what he's doing.

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"I’ll usually stay in a hotel that costs £200 to £800 a night or in the summer I’ll charter a boat for £1,000 to £2,000 a day. I want to experience the best things in life. The service you get when you pay that kind of money is immaculate and the food you eat is delicious."

 

Who knew staying in hotels and floating about in a boat was the impetus to success. 

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  • 238 Brexit, House prices and Summer 2020

    1. 1. Including the effects Brexit, where do you think average UK house prices will be relative to now in June 2020?


      • down 5% +
      • down 2.5%
      • Even
      • up 2.5%
      • up 5%



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