u/Commercial-Touch-516

I don’t like the word “elite” because it doesn’t just mean wealthy. It suggests a class of people who are somehow above everyone else not because of their character but of their money ,

That is why it feels classist. It creates a hierarchy.

Classism is bad because it teaches society to respect people based on money, , accent, school, postcode, or status not character, honesty, work ethic, or humanity.

Once a society starts thinking in “elite” and “ordinary people,” it becomes easier to justify unfairness. Some people get access, protection and privilege, while others are expected to serve, struggle, and stay quiet.

That mindset is dangerous. It creates arrogance at the top, resentment at the bottom, and a quiet form of social slavery hierachy where normal people are treated like tools for specific group of people

pushing such narrative is only add fuel to the fire

“Wealthy” is fine. “Successful” is fine. But “elite” feels like a word built to separate human beings into ranks.

thanks

I feel like many truly self-made wealthy people spend so many years grinding, sacrificing, taking risks, and protecting what they built that mentally they never fully leave that “survival/build mode.”

Even after becoming successful, they still think about money, risk, business, pressure, and maintaining everything And having their feet on the accelerator to not let go

Meanwhile, in many cases, it’s the children who end up enjoying the wealth more and history is full of examples where careless bratty children with no personality, no character built up, no charisma , soft as pillow mentally, slowly bankrupted or destroyed family fortunes within one or two generations.

It almost feels like the person who built the empire is too mentally wired for survival to fully relax and enjoy it.

Do you feel the same ?

( am from the west btw ) FYI

well in hair transplant world , they don’t charge you per grafts but rather their own decided one off rate :price

i appreciate any help , thank you

Hello everyone , How are you today?

I’m trying to understand what actually counts as being a “portfolio property investor” in the UK.

From what I’ve heard, once someone owns multiple buy-to-let properties, they may be seen as a portfolio landlord/investor. But I’m not fully sure where the line is. Is it 2 properties, 4 properties, or does it depend on the lender/accountant/tax situation?

I’ve also been told that once you become a portfolio property investor, you are somewhat more protected from risk because the income is spread across multiple properties.

For example, if one flat is vacant, has a bad tenant, needs major repairs, or has an unexpected issue, the other properties may still bring in rent and help cover the problem.

That makes sense to me in theory, but I’m wondering how true it is in real life.

Does having a property portfolio genuinely make you more “risk proof”, or can it actually create bigger risks because you have more proper , more tenants, more maintenance, more compliance, and more things that can go wrong?

For experienced landlords/investors, at what point does a small landlord become a proper portfolio investor?

And what are the main things a beginner should understand before trying to build a portfolio instead of just owning one buy-to-let?

Any advice would be appreciated. Thank you.

I’ve been looking into buying flats in the UK for property investment, either in small apartment blocks or larger buildings, and I’m trying to properly understand the leasehold/freehold situation.

From what I understand, when you buy a leasehold flat, you technically own the property only for the duration of the lease (for example 99, 125, or even 999 years).

What bothers me is the idea that when the lease expires, the flat can effectively revert back to the freeholder unless the lease is extended. Am I understanding that correctly, or am I oversimplifying it?

how can someone take away the flat that you rightfully own?

I know 999 years is obviously far beyond a normal lifetime, but the principle of “not truly owning it forever” still feels strange to me

I’ve also been recommended to look into flats with “share of freehold” instead.

My understanding is that if you own a share of the freehold alongside the other flat owners, you have much more control over extending your own lease and the building overall.

So my questions are:

• With share of freehold, can one owner still extend their own lease even if other owners don’t bother And vote not to?
• How common is share of freehold flats compared to standard leasehold flats in the UK?

Just trying to properly understand the reality before making mistakes later.

1st : Is it hard to turn a real profit when you have a buy-to-let mortgage?

My thinking is: instead of chasing expensive properties with tiny margins, buy flats/apartments in the £50k–£120k range, keep the mortgage as low as possible, and then aggressively pay it down.

The goal would be to eventually own the property outright, or at least reduce the mortgage enough that the rental income gives strong monthly cash flow after costs.

I understand there are things like service charges, ground rent, repairs, void periods, tax, insurance, letting agent fees, and higher interest rates to think about. which MAY makes my basic idea to be even more logical or not?

But is the basic idea flawed?

Would it be better to focus on cash flow from flats properties and pay them down quickly, or is there something I’m missing with this strategy?

I’m mainly trying to understand if BTL is still worth it when mortgage payments eat up most of the rent, and whether paying the mortgage off faster is a smart way to make the numbers work long term.

He charges £150 and Up ( depends on your sales )

£30 for VAT

and £50 for self assessmenr tax return

its extra responsibility and you have to make sure you do it right and don’t miss anything If you are tired and busy

( small digital business )

looking for advice

we currently rent and been living togther

suggested that we could both buy an initial residential property together and have our own place to live in .

This would also help us for our future BTL as well as having our own home and avoid the high cost of rent .

This would use up our first-time buyer relief, but after 6 months, if we both apply for buy-to-let mortgages, we would no longer be first-time buyers as we are interested in BTL properties

Would this make us more favourable to lenders when applying for BTL, compared to going straight in as first-time buyers?

we both are happy to move in and live together in this new house or apar, as our life situation for the next decade allows that ( I know it’s Maybe a bit unorthodox to some people but we have strange life situation.

is this a GOOD OR BAD PLAN is my QUESTION?

Thank you

I know about the benefits of having a workplace pension but it’s the money locked away for a long time and that extra bit can help me in short term,

we currently rent and been living togther

suggested that we could both buy an initial residential property together and have our own place to live in .

This would also help us for our future BTL as well as having our own home and avoid the high cost of rent .

This would use up our first-time buyer relief, but after 6 months, if we both apply for buy-to-let mortgages, we would no longer be first-time buyers as we are interested in BTL properties

Would this make us more favourable to lenders when applying for BTL, compared to going straight in as first-time buyers?

we both are happy to move in and live together in this new house or apar, as our life situation for the next decade allows that ( I know it’s Maybe a bit unorthodox to some people but we have strange life situation.

and where do we sign up/how to invest??

I am thinking 1 bed flat to 2 bed flat

I understand I will find it hard for them to appreciate and I will have hard time to sell these flats off ( i have no data just talking from common sense but I could be wrong

but if I keep them for life , at least I will be making positive rental cash flow on these paid off flats?

find cheaptes flats , morgage them, and pay them off as soon as possible

will that work ?