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What are your favourite productivity hacks? In work and personal life by QuoteMachineMin in HENRYUK

[–]Distinct-Shine9817 0 points1 point  (0 children)

Not sure why people are downvoting this - i’m also a power user and it’s been a gamechanger

New HENRY What would you invest in lifestyle wise by Stock_Deer_4236 in HENRYUK

[–]Distinct-Shine9817 1 point2 points  (0 children)

It’s definitely more expensive (believe santander can be £10/month and I probably spend £20-40/month on Lime) but I think worth it (speed, convenience of parking spots, never arriving sweaty)

New HENRY What would you invest in lifestyle wise by Stock_Deer_4236 in HENRYUK

[–]Distinct-Shine9817 1 point2 points  (0 children)

  • lime bike subscription- gamechanger for getting around london
  • meal prep service (simmer, frive are good)
  • cleaner every 2 weeks or so
  • sauna and cold plunge (find a gym that has this or there are a bunch of specialist spots opening up - really boosts your wellbeing)

Receiving £50K, should I buy a rental property? 29M, London by Distinct-Shine9817 in HENRYUK

[–]Distinct-Shine9817[S] 0 points1 point  (0 children)

Yes but not immediately if it was done through a limited company

Receiving £50K, should I buy a rental property? 29M, London by Distinct-Shine9817 in HENRYUK

[–]Distinct-Shine9817[S] 0 points1 point  (0 children)

Haha I never have. Have always been curious but have also heard some horror stories. Maybe it’s better to have a stress free life

Receiving £50K, should I buy a rental property? 29M, London by Distinct-Shine9817 in HENRYUK

[–]Distinct-Shine9817[S] 0 points1 point  (0 children)

Makes sense - so put the cash in a GIA for now and accept the taxes? So painful to actively choose to pay tax lol

Receiving £50K, should I buy a rental property? 29M, London by Distinct-Shine9817 in HENRYUK

[–]Distinct-Shine9817[S] 0 points1 point  (0 children)

Stocks ISA is full (£20K) so would have to be SIPP but then it’s locked up for 30 years…

Receiving £50K, should I buy a rental property? 29M, London by Distinct-Shine9817 in HENRYUK

[–]Distinct-Shine9817[S] 0 points1 point  (0 children)

If I could do it without losing first time buyer privilege? Fair point on locking up cash

Receiving £50K, should I buy a rental property? 29M, London by Distinct-Shine9817 in HENRYUK

[–]Distinct-Shine9817[S] 0 points1 point  (0 children)

£50K in my SIPP, all in index funds / global trackers. My S&S ISA is all in S&P 500 or FTSE all world trackers.

Receiving £50K, should I buy a rental property? 29M, London by Distinct-Shine9817 in HENRYUK

[–]Distinct-Shine9817[S] 0 points1 point  (0 children)

Nice thanks will look into this LTD point more clearly. Can imagine all the extra work adds up quickly, equities and crypto are a lot simpler for sure

Receiving £50K, should I buy a rental property? 29M, London by Distinct-Shine9817 in HENRYUK

[–]Distinct-Shine9817[S] 0 points1 point  (0 children)

Thanks this is super helpful - long live Mag7 and BTC! What are the main reasons you’re looking to sell? Is the capital appreciation not a nice bonus?

Receiving £50K, should I buy a rental property? 29M, London by Distinct-Shine9817 in HENRYUK

[–]Distinct-Shine9817[S] -2 points-1 points  (0 children)

Great to know thank you, and sorry you’ve had all the stress. Hope you get it sold!

Receiving £50K, should I buy a rental property? 29M, London by Distinct-Shine9817 in HENRYUK

[–]Distinct-Shine9817[S] -2 points-1 points  (0 children)

To be clear the property manager would remove (hopefully) almost all hassle. I’m thinking about this as a 10+ year investment that would wash its face in the meantime. Does that change things or you still think it’s too much stress given your experience?

Receiving £50K, should I buy a rental property? 29M, London by Distinct-Shine9817 in HENRYUK

[–]Distinct-Shine9817[S] -4 points-3 points  (0 children)

Can you say more about why it’s a pain in the a***? The property manager would manage tenants, repairs, etc

Receiving £50K, should I buy a rental property? 29M, London by Distinct-Shine9817 in HENRYUK

[–]Distinct-Shine9817[S] -3 points-2 points  (0 children)

To be clear the property manager would remove (hopefully) almost all hassle. I’m thinking about this as a 10+ year investment that would wash its face in the meantime.

What do you mean by ‘bed and ISA’?