othello Posted July 12, 2006 Share Posted July 12, 2006 A topic posted on Squealing Pig today. What on earth.... Hello, I am Thomas Y***, 16 (yesterday in fact) and I am really interested in Property Developing and Investing. I am currently saving up for a deposit for a house which I will aim to buy upon my 18th Birthday! haha. I have read plenty of books and also ebooks from propertysecrets regarding property and investment, I have also been in contact with Nick Rampley-Sturgeon and Ajay Ahuja via my uncle who is also a property investor! (just turned millionaire!) I am welcome to help definatly and any advice from all you fellow young investors! I do have one major question that has been on my mind recently and it is that of whether one of my goals I set is realistic? The goal is to retire at age 35 (after investing for 17 Years) with as many properties as possible or whatever it takes, but most importantly to have £20 million net in the bank for my future????!!! Does anyone think this is possible?? Thanks very much for your time and I hope to deal with many people in the future on this great forum! thanks and regards, Thomas Quote Link to comment Share on other sites More sharing options...
sikejsudjek Posted July 12, 2006 Share Posted July 12, 2006 My advice would be to take out a massive loan, get some buy to lets, panic when prices drop, sell with negative equity, and then declare yourself bankrupt. Then get a proper job in Tesco, save for a few years and then buy something to live in. Obviously kids aren't taught about bubble economics at his school... Quote Link to comment Share on other sites More sharing options...
The Colour Posted July 12, 2006 Share Posted July 12, 2006 (edited) Hello, I am Thomas Y***, 16 (yesterday in fact) and I am really interested in Property Developing and Investing. I am currently saving up for a deposit for a house which I will aim to buy upon my 18th Birthday! haha. I have read plenty of books and also ebooks from propertysecrets regarding property and investment, I have also been in contact with Nick Rampley-Sturgeon and Ajay Ahuja via my uncle who is also a property investor! (just turned millionaire!) It's better than: Hello I am Thomas Y***, 16 and I am really interested in getting my 14 year old girlfriend pregnant so we can get a council house. I am currently saving up for a new exhaust for my pimped out yaris. haha. I would like to be able to read, but I was told it's not worth it by my uncle, who is also a waster living off the state (just out of prison!!) Edited July 12, 2006 by The Colour Quote Link to comment Share on other sites More sharing options...
Als Posted July 12, 2006 Share Posted July 12, 2006 Fathers destroy their children earlier than ever. Quote Link to comment Share on other sites More sharing options...
zag2me Posted July 12, 2006 Share Posted July 12, 2006 All credit to the guy It's people like that who are willing to take risks that will be successfull in their lives. Although I think his timing is a little bit wrong. Quote Link to comment Share on other sites More sharing options...
Guest mattsta1964 Posted July 12, 2006 Share Posted July 12, 2006 It's better than: Hello I am Thomas Y***, 16 and I am really interested in getting my 14 year old girlfriend pregnant so we can get a council house. I am currently saving up for a new exhaust for my pimped out yaris. haha. I would like to be able to read, but I was told it's not worth it by my uncle, who is also a waster living off the state (just out of prison!!) Sad...........................But true! LOL LOL Quote Link to comment Share on other sites More sharing options...
bearwithaconscience Posted July 12, 2006 Share Posted July 12, 2006 How about "My name is Thomas and I am stupid enough to think that money grows on trees like my Uncle Ajay says. I have just missed the biggest house price increase in living memory so have decided that now is the ideal time to buy and make my fortune too. I am also thinking of starting in London where I have heard the streets are paved with gold" Quote Link to comment Share on other sites More sharing options...
Casual Observer Posted July 12, 2006 Share Posted July 12, 2006 Sad...........................But true! LOL LOL I wouldn't mind betting that most seriously rich people got that way through property investment, so don't knock him! Quote Link to comment Share on other sites More sharing options...
othello Posted July 12, 2006 Author Share Posted July 12, 2006 I wouldn't mind betting that most seriously rich people got that way through property investment, so don't knock him! Come off it. He's been swept along in the euphoria of HPI (presumably led by his Ma and Pa) and will get into the market just as it crahes. TO get rich is spotting the opportunities that others have missed. It's all about timing. Quote Link to comment Share on other sites More sharing options...
CrashedOutAndBurned Posted July 12, 2006 Share Posted July 12, 2006 He'll probably be a woman in a few years like that antiques kids that was always on TV a few years back. Quote Link to comment Share on other sites More sharing options...
right_freds_dead Posted July 12, 2006 Share Posted July 12, 2006 Hello, I am Thomas Y***, 16 (yesterday in fact) and I am really interested in studying for a degree in medicine and 'then' Investing. I am currently saving up for a deposit for a house from my £4.15p per hour uk job, which I will aim to buy upon my 18th Birthday a dire, squat little overpriced terrace if im lucky and manage to save 2x the gross annual income for 3 years ! haha. I have read plenty of get rich scam books and also ebooks from propertysecrets regarding property and investment, I have also been in contact with Nick Rampley-Sturgeon and Ajay Ahuja via my uncle who is also a lucky pre-boom property investor! (just turned millionaire on paper !) I am welcome to help definatly and any advice from all you fellow young investors! -my advice - WAKE UP !!!!! Quote Link to comment Share on other sites More sharing options...
apom Posted July 12, 2006 Share Posted July 12, 2006 It's better than: Hello I am Thomas Y***, 16 and I am really interested in getting my 14 year old girlfriend pregnant so we can get a council house. I am currently saving up for a new exhaust for my pimped out yaris. haha. I would like to be able to read, but I was told it's not worth it by my uncle, who is also a waster living off the state (just out of prison!!) ohhh... get you.... Yaris... My local Chav's drive a Yaris... look at me.. I am that posh.. the rest of us have to make do with chav's in Nova's and Corsa's.. Proper chav's Come off it. He's been swept along in the euphoria of HPI (presumably led by his Ma and Pa) and will get into the market just as it crahes. TO get rich is spotting the opportunities that others have missed. It's all about timing. Its crashing already... trust me.. the BBC reported the ODPM figures as a boom and I sent that link showing that it is dropping all over. they are about to become very active in telling the truth.. I expect them to thank me any day soon.. they must have been so embarrased to be caught out in a mistake that must have seemed like a cynical lie to the more un trusting.. and honest mistake I am sure Quote Link to comment Share on other sites More sharing options...
gfromls Posted July 12, 2006 Share Posted July 12, 2006 This little fella might not be as daft as you think. Saving up to buy a house in 2008 – 2009. Not daft at all. Quote Link to comment Share on other sites More sharing options...
DONT PANIC !!! DONT PANIC !!! Posted July 12, 2006 Share Posted July 12, 2006 (edited) My name is Thomas and i want to be really rich. I have found some shares that Warren Buffet bought a while back and they have been doing really well. I have extrapolated the profit they will make me in the future (using my grade A*** GCSE maths) and found that i will be a zillionaire by the age of 25. For some reason older people do not have faith in my plan. What could possibly go wrong??? But to be fair to the little chap (if he does actually exist) he probably knows more about houses than the average 16 year old. Edited July 12, 2006 by DONT PANIC !!! DONT PANIC !!! Quote Link to comment Share on other sites More sharing options...
Sledgehead Posted July 12, 2006 Share Posted July 12, 2006 All credit to the guy It's people like that who are willing to take risks that will be successfull in their lives. Although I think his timing is a little bit wrong. The guy is 16. he ain't a clue what risk is. Bit like that software millionaire kid who lost it all on a Channel Islands airline venture. Face it: all he has is a lust for money. Truly unique This little fella might not be as daft as you think. Saving up to buy a house in 2008 – 2009. Not daft at all. Your view vis-a-vis his intelligence is predicated upon two assumptions: 1 . the market falls now and will have finished unwinding in record time 2 . he is expecting this. 1 is anyone's guess, 2 is patently wrong. Quote Link to comment Share on other sites More sharing options...
Perfectionist Posted July 12, 2006 Share Posted July 12, 2006 LOL, this kid obviously doesn't have a girlfriend ! Once he gets laid he'll stop compenstaing for his sexual frustration by dreaming of being rich ...... or maybe he thinks getting rich will get him a girlfriend ...... yup thats it ! Quote Link to comment Share on other sites More sharing options...
Immigrant Posted July 13, 2006 Share Posted July 13, 2006 He is hopelessly naive, but this lad will probably go far. My advice - discover HPC sites and learn about cycles. He probably also needs to get a life. Quote Link to comment Share on other sites More sharing options...
binkybonka Posted July 13, 2006 Share Posted July 13, 2006 The fact that at 16 he has a goal of sorts set's him well apart from most of his peers. 16 now so realistically won't buy for at least 2 years which probably won't be the absolute best time to buy but if the market continues to level, then there could well be many, many bargains to be had. Why the negativity? And I dread to think what some on here were doing at 16. Come to think of it, your probably posting on HPC Quote Link to comment Share on other sites More sharing options...
red Posted July 13, 2006 Share Posted July 13, 2006 How about "My name is Thomas and I am stupid enough to think that money grows on trees like my Uncle Ajay says. I have just missed the biggest house price increase in living memory so have decided that now is the ideal time to buy and make my fortune too. I am also thinking of starting in London where I have heard the streets are paved with gold" Quite. The words 'boat' and 'missed' come to mind. Rather like the BTLer who bought my terrace house in N London from me. It sat empty for 4 months and next door but one (much higher spec) sold for exactly the same this year. Ho-hum... Quote Link to comment Share on other sites More sharing options...
Guest donall Posted July 13, 2006 Share Posted July 13, 2006 There is nothing wrong with ambition - and having goals and targets is a really successful way of going about life. However; I think that Thomas has been influenced by the media hype around property. Here, the very thought of a house price crash is seen as illogical: "Prices always go up...." If you look at the house price index at the minute and read any legible media on the topic, nobody believes that there is anywhere left for the house market to go. Look at the cycles of house prices in the past and cycles of other things (like oil, gold, shares prices) and you'll see that buying property in 2 years time would be a disaster. If you are looking to get into making money - look at setting up your own business. Another option to get into is the stock market. It is easier to buy and sell shares that it is to sell bricks and mortar, and the initial barriers are much lower (i.e. to buy your first property you'll need a down payment, personal income and a mortgage + probably a guarantor. You've missed the property boat - but if you are good at spotting trends (and I imagine that if you were 20 now instead of 16 you would have really exploited the rising market) you should be able to retire rich and young. Quote Link to comment Share on other sites More sharing options...
lulu Posted July 13, 2006 Share Posted July 13, 2006 My name is Lulu - I am 2. I started my BTL empire with a credit card issued to the family goldfish. I now own a massive empire of HMOs in "junkie havens" like Hastings, where I exploit the desperate. Pay your rent sharpish or I'll post dogsh*t through your letterbox. A one bed flat in a reasonable part of town would do me! Quote Link to comment Share on other sites More sharing options...
Marina Posted July 13, 2006 Share Posted July 13, 2006 My advice - discover HPC sites and learn about cycles. On the basis that you'll never be able to afford a car? There is nothing wrong with ambition - and having goals and targets is a really successful way of going about life. However; I think that Thomas has been influenced by the media hype around property. Here, the very thought of a house price crash is seen as illogical: "Prices always go up...." If you look at the house price index at the minute and read any legible media on the topic, nobody believes that there is anywhere left for the house market to go. Look at the cycles of house prices in the past and cycles of other things (like oil, gold, shares prices) and you'll see that buying property in 2 years time would be a disaster. If you are looking to get into making money - look at setting up your own business. Another option to get into is the stock market. It is easier to buy and sell shares that it is to sell bricks and mortar, and the initial barriers are much lower (i.e. to buy your first property you'll need a down payment, personal income and a mortgage + probably a guarantor. You've missed the property boat - but if you are good at spotting trends (and I imagine that if you were 20 now instead of 16 you would have really exploited the rising market) you should be able to retire rich and young. What's the next trend then? I'm thinking of opening a pawnbrokers - though a pornbrokers would probably be a better idea. Quote Link to comment Share on other sites More sharing options...
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