What to invest in?!?
If i had £400,000 cash to invest and wanted good
return after 3yrs to invest elsewhere, would either of these seem like a good
, short term, large gain option?
to invest in some flats worth 650,000 and pay off the 250,000 mortgage within 3 years to avoid paying lots of interest - then hopefully own outright some flats worth about 750,000
or put the money in an account and
add the £90+ a year i would be using to pay off the mortgage
option two there is no rental income (approx. £40,000 pa) but you avoid having to pay a high rate of interest on a mortgage but with option one there is the interest rate you will be receiving combined with the absence of any interest being paid on a mortgage + less hassle! - but then you will not benefit from the potential rise in value that the flats could see over the three years + rental income
very
unsure and any other ideas or helpful advice would be much appreciated
many thanks
Answer
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