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  • Buy-to-Let

    Buy outright or mortgage?

    Jonathan,

     

    Basically what you appear to be saying is that you recognise the risks yet you also take into account the probability of the the risk actually occuring.

     

    Its the second part of the calculation (probability) that many people, especially the risk averse fail to properly consider. However, by doing this imho you change from being a 'risk taker' to a 'calculated risk taker' and as such stack things in your favour therefore further increasing the probability of success.

     

    RobCommercial Management & Property Consultant, Wakefield, West YorkshirePlease visit my website, read the property blog & leave a comment; https://www.walkerfox.co.uk/blogE: rob@walkerfox.co.uk M: 07960 753550 T: @walkerfox S: Walkerfox

     

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    Thats a fair summary. I believe I am a calculated risk taker. Others may conclude i am a reckless risk taker. Others may likewise  conclude I`m maybe too conservative. 

    When I used to play rugby i took a calculated risk that my enjoyment of the sport outweighed the risk of having my bones broken. Along the way i suffered some injuries that put me out for up to 3 mths. But I still came back and stuck at it.

    I wouldnt of course whilst sitting watching TV one evening  deliberately break my collar bone out of choice but i accept it goes with the territory when you play a contact sport. Its the same calculated risk when i drive my car at 70mph, enter a rowdy pub on a Saturday night or one says to ones partner - well  yes I`m afraid  that dress does make your bum look slightly big dear!!    They are all calculated risks but all also capable of having you end up in hospital! You weigh up the pros and cons.

    The last example  of course is a stupidly reckless risk and should never be attempted :-)

     

    With property investing its a calculated risk based on a whole multitude of factors.

    It can stretch your comfort zones.    Rob Hubbard said:

    Jonathan,

     

    Basically what you appear to be saying is that you recognise the risks yet you also take into account the probability of the the risk actually occuring.

     

    Its the second part of the calculation (probability) that many people, especially the risk averse fail to properly consider. However, by doing this imho you change from being a 'risk taker' to a 'calculated risk taker' and as such stack things in your favour therefore further increasing the probability of success.

     

    RobCommercial Management & Property Consultant, Wakefield, West YorkshirePlease visit my website, read the property blog & leave a comment; https://www.walkerfox.co.uk/blogE: rob@walkerfox.co.uk M: 07960 753550 T: @walkerfox S: Walkerfox

     

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    Jonathan Clarke. http://www.buytoletmk.com

    Hi Mike

     

    I'm in the process of documenting my strategy in the form of an eBook if you are interested.  It's not heavy reading but there's a fair bit to it.  

     

    Regards

     

    Mark

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    Regards


    Mark Alexander - Property118.com
    Twitter: @iAmALandlord

    I corrected your last message.

    Jonathan Clarke said:

     That dress does make your bum look slightly big. It can stretch your comfort zones.   

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