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Does real estate investing really make people rich?
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Alan Anderson
Posted: 06 June 2013 07:06:10(UTC)
#11

Joined: 02/04/2012(UTC)
Posts: 171

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Hi Lovisa. That's an unusual name. I don't think I've heard that one before. But Smith is well, a bit common. How about Lovisa Link? It's kind of catchy don't ya think?
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c brown on 14/03/2016(UTC)
Kevin Moss 1000
Posted: 06 June 2013 07:42:40(UTC)
#12

Joined: 29/04/2013(UTC)
Posts: 6
'Real estate' or estate agents in the UK are NOT skilled persons. Its an old joke in the UK - what qualifications do you need to be an estate agent?.......... Speaking as a person who made the mistake of doing financial services for a VERY well known national agency, EVERYTHING you ever suspected of estate agents is true. Dishonesty is not a term I would usually post about any profession but it is the case in this instance. How about checking every estate agent that he/she doesnt have a criminal record?. The check has to happen for regulated financial services but NOT with straight estate agency.
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Alan Selwood
Posted: 06 June 2013 11:25:28(UTC)
#13

Joined: 17/12/2011(UTC)
Posts: 3,379

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I wonder if Lovisa Smith is related to our 'friend' hunny?
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1 user thanked Alan Selwood for this post.
c brown on 14/03/2016(UTC)
Alan Anderson
Posted: 06 June 2013 14:46:36(UTC)
#14

Joined: 02/04/2012(UTC)
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Hunny Jeckyl/Lovisa Hyde.
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Graham Barlow
Posted: 23 October 2013 10:56:31(UTC)
#15

Joined: 09/03/2009(UTC)
Posts: 203

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Was thanked: 33 time(s) in 22 post(s)
Like many other people I have bought the odd property, which looked a snip at the time, I have then rented it out ,and this has yielded a very high rate of return pre Tax. Not so good when you are paying 40% Tax. The real problem comes with disposal, as the whole market has moved on and after you sell your investment you are unable to buy the equivalent with the money you are left after Capital gains Tax. Flexibility goes out the window ,so you dont sell you tie it up in a trust for the next generation which is happenning all over the Country' It is a good Pension fund investment, but requires work and application to succeed. You need proper Tax advice on Capital transfer Tax and Capital gains Tax if you are a UK resident for Tax purposes. They will have the shirt of your back. This is why only foreigners can corner the London Property market. 75% of London property is sold to overseas investors.. There is no shortage of property if it were restricted to UK full time Tax paying residence.
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normski 2nd on 23/10/2013(UTC)
jenny Linda
Posted: 09 March 2016 10:50:15(UTC)
#20

Joined: 09/03/2016(UTC)
Posts: 1
Investment is the key to success for many people. But I believe expert knowledge is required to invest either in stocks or in real estate.
Royal Wharf London
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J Thomas
Posted: 14 March 2016 20:45:03(UTC)
#21

Joined: 22/02/2012(UTC)
Posts: 732
Jenny, (or whatever your real name is)
Hopefully Citywire will invoice accordingly for your advertisement.
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Anna Danishek
Posted: 29 April 2016 07:44:04(UTC)
#23

Joined: 26/04/2016(UTC)
Posts: 11
I would say that investing in real estate makes people sure in their future because it brings them a stable profit. The key word is stability because real estate will be in demand always
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