Keawyeds
Striker
How much interest can you earn from 1 million then?
Enough if you put it in the right places I would suspect.
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How much interest can you earn from 1 million then?
How much interest can you earn from 1 million then?
sounds like 66.66% of a good idea.Open a traditional English pie restaurant somewhere down near Cornwall and live happily ever after with the wife.
Not anywhere near enough, surely?Without a doubt. As someone else said 100k and id go.
I thought you were good with numbers and stuff?
Aye but you'll miss out on free burgers at the end of every shift and end up having to spend more on food.
BTL mortgages, in Peterlee you need about £20k to buy and get a 3 bed house ready to live in and you'd get about £200 a month average income after costsAye. Invest a chunk of it in houses and live off the income from that plus the money left over. Piece of piss, in theory.
No I’m useless with numbers I just do what excel tells me
But 1,000,000 / 60 is 16.67k
BTL mortgages, in Peterlee you need about £20k to buy and get a 3 bed house ready to live in and you'd get about £200 a month average income after costs
Buy 20 for £400k and you'd have an income of £4,000 per month after costs (half in my name, half in the wife's for tax purposes), and £600,000 left to spend on whatever you want.
We could both quit our jobs, new cars, new house, no debt whatsoever and £4k/month for life. Easy.
More than enough to retrain.Not anywhere near enough, surely?
Sounds canny enough to me.BTL mortgages, in Peterlee you need about £20k to buy and get a 3 bed house ready to live in and you'd get about £200 a month average income after costs
Buy 20 for £400k and you'd have an income of £4,000 per month after costs (half in my name, half in the wife's for tax purposes), and £600,000 left to spend on whatever you want.
We could both quit our jobs, new cars, new house, no debt whatsoever and £4k/month for life. Easy.
Sounds canny enough to me.
Nah, houses go into a Limited company. The company has the debt on the balance sheet, but also the assets - which will be much more than the debt (75% LTV mortgages)Or be a knacker and put it under your bed and draw it down over 60 years.
Oh and no debt except for your 20 mortgages.
This ^^^Aye. In a heartbeat.