Hi, folks!
I have recently become a lucky rightful owner of quite a big roll of money. My uncle passed away and left me some significant money supplies. So now I’m trying to figure out what to do with it. Can anyone point me the right direction? Suggestions like “Give it to me”, “Go to Vegas!”, “Buy a Bentley!” will not be accepted
Talking seriously, I’m considering some sort of investment. And buy to let mortgage sounds like a pretty beneficial and secure one. Well, as far as I understand… Waiting for your comments!

Julie, first of all, congratulations on your out-of-the-blue financial luck!
And you’re heading in the right direction. Buy to let mortgage is really one of the most profitable investments. I’ve been a professional landlord for over 5 years. And you know, now I don’t have any concerns about my retirement years. I have earned a pretty good capital through buy to let. All you will need is a starting capital (usually it’s about 20% of property worth), you’re gonna need to find a decent place to purchase and the most beneficial deal for you. I would advise you to hire a good specialist. I could also help you out a bit, at least at the very beginning. For free, of course

This post has been edited by P.B.Smith: 13.5.2009, 7:38

Good to know that some people are still very optimistic about buy to let investment. I guess, there will be more bargains out there now than couple of years ago...

Gr8 news, Julie_D! Why not invest in the property abroad where you could have hols too!

:DHello, Julie_D!
Property investment becomes more and more interesting for those who have money in cash. As I understand you have already become a “rightful owner”. The trouble is that unlike other fields of investment, that can be quite risky, property sector is profitable and safe.
Starting to invest in bricks and mortar, first of all you should keep in mind that you make money when you buy a property, not when you sell it. A good place is your bargain, and if it’s really a bargain it won’t stay ownerless.
Good luck!

Julie_D,
I completely agree with Milashka23, however I want to add that choosing the right place is as important as choosing the right property. The aspect of developed infrastructure nearby is crucial in this question.
Moreover keep in mind that lovely prices may be a trap, especially in the areas with an oversupply of property, among which are Manchester, Leeds, Nottingham and Cardiff. Be careful, foreseeing and avoid such places.

Still Juli_D, i think it is not worth trying, because there too many risks. For example one of them is that the price on property may keep going down before it will skyrocket. The worst thing is that it’s difficult to predict in advance and this makes the process of bargaining hard. you may lose your uncle's fortune.

Sorry to contradict Dandelion, but this is the perfect time to invest for the very reasons you cite. Prices are at or so close to the bottom of the biggest dip in recent memory that they can only go one way - up. So there is little or no risk if you do your research and buy wisely as has been advised above.

What I don't understand is why you are considering mortgages if you have funds. However, by using your money in the short term and other people's money (a mortgage) in the long term you could build a very valuable portfolio very quickly right now. The best system that I know of at the moment (because it's new and made for the credit crunch) is at wwww.piergroupproperty.net. There's a free explanation at the site so you can make a judgement without paying anything. Then they claim to hand-hold you while you make their system work. Could be useful.

Regards
Ben

not sure about buy to let mortgages, but certainly if you have money to invest, property could be a good investment the way prices are going at the moment. of course, lots of other things need to be taken into consideration (location, target market, etc) before making that decision.