I have been a house buyer for more than 25 years.
I have done my homework and researched my options, and have a very good understanding of how the market works.
I can see how a house price rises when demand increases, and how a price falls when supply falls.
This is not the case with housing.
I have bought houses that I have not seen the full benefit of.
I do not believe the government’s policy of building houses for the wealthy is working.
I am a believer that the Government should focus on providing housing for the most vulnerable in society.
However, there is a catch.
As a member of the Financial Services Compensation Scheme (FSCCS), I can earn up to £150,000 a year in salary and expenses, and earn an additional £150k if I do some work for the scheme.
This money goes towards the payments of housing benefit.
I cannot earn more than this.
I understand that the money does not go directly into my pocket but it does go to pay for the benefit.
I will earn more if I work in the housing sector.
What can I do?
As I have already mentioned, I am not a member.
If I was to become a member, I would have to pay into the scheme, which would mean I would be losing out on the income I am already getting.
As such, I have decided to take a break from house buying and focus on business.
I will be keeping my financial accounts to a minimum.
I already have a spreadsheet that is able to help me with this.
If there is an increase in interest, I will have to work out exactly how much the increase in income will cost me.
I plan to use this to inform the future decisions I make about my finances.
As well as keeping my house in good condition, I plan on working from home.
I don’t want to work all day at the house as I could easily get sick and have to go to work.
I also plan to work from home on my own income, as the amount of time I spend at home does not benefit me financially.
I want to avoid the stigma of being a house owner and to be able to concentrate on my business.
How much do I earn?
I have spent the last five years researching the market, working out how much money I can expect to earn, and doing my homework.
I spent about £2,500 on research and drafting the financial plan.
I hope to be earning between £100,000 and £150m a year by the time I have completed my research.
The average house price in the UK is around £1.8m.
I could earn £300,000 by the end of this financial year if I bought a house on the market at that price.
However, I believe the value of the house I am currently buying will only rise by £100k if it goes on to be worth more than that.
I cannot predict the value in terms of future sales or prices.
What is the best way to invest?
If I could just sit down with a partner and work out how I could make a profit on a house, I could.
But I cannot because I am working in the private sector.
I need to work hard and keep my head down to get a better return on my investment.
As a house investor, you will be doing something which may not be very profitable.
I think the best investment is to buy the property from a private developer and see if they are willing to invest the amount necessary to build the house.
There are many companies who can help you find the right builder.
If you can make an offer, the company should consider you.
If you can’t find the perfect builder, then you can look at a builder with a good track record of success.
If they have the right pedigree, they can also make a good return on their investment.
If not, then they are probably not the best option.
As you will not have the money to build a house yourself, the best course of action would be to go through a property management company.
This will give you the money you need to buy and build your own house, without having to take on any of the debt associated with a private sale.
This may seem like a no-brainer, but I think this is the most important part of any investment.
Having a private owner to manage your financial affairs will give a better sense of security for your future and allow you to make decisions in the best interests of your family.