what do you do with some cash?
- Buy some where run down(1)
- Do it up whilst youre away (2)
- Get a car (3) and finish rentin’ (4)
- Move in (5)
Do this to avoid a mortgage as the first 5 years is just paying the interest: you may as well rent.
(1) Having been to auctions, recording the price of the sale, visiting the property, then going to a real sale having done the research on all buildings in your price bracket, buying it without going over your budget, maybe getting some advice about what youve bought, within 10 miles of where we are…
(2) ... Somewhere else renting over the weekend sleeping in the best room in the house or get a tent. getting the builders in whilst youre at work during the week, inspecting the work at the weekend, working out what to do next….
(3) .... but only when the property is livable.
(4) .... as you now have a place to live and a car to get from home to work and back again, the rent can stop. So now the money for rent goes on the car….
(5) .... moving agents will help here or save even more money and hire a van for the day as your new property is within 10 miles away
UPDATE:
After a recent check, it seems there is quite an industry doing precisely the above. In a look via
http://www.google.co.uk/search?hl=en&q=property+auction&meta=
is good place to start as it gives out guide price info immediately:
http://www.propertyauctions.com/
Whereas, these guys want some cash to see their bits:
http://www.auctionpropertyforsale.co.uk/meet_the_team.htm
(incidently this guy:
looks just like the boss in dilbert!)
