Don’t spend your money on luxury cars & lifestyle, invest it in houses – Ruiz Sr

When Andy Ruiz Jr bought a new white Rolls Royce his father was not happy.

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“I told him ‘Andy, this is your last car, don’t buy any more,'” Andres Ruiz recalls.

“I said, if anything, buy a Rolls Royce and rent it out, make money. You can make $30,000 a month on it.”

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The newly crowned heavyweight champion of the world’s first purchase after he dethroned Britain’s Anthony Joshua in July was a car for his mother Felicitas ,  he has since bought his dad a new truck.

He also paid $1m cash for a new home. Ruiz will earn more than $10m in Saturday’s rematch in Saudi Arabia.

“Like a father, I told him to stay humble – don’t spend the money, invest it in houses,” Ruiz Sr tells BBC Sport.

The advice, at least on car purchases, did not stick. The 30-year-old recently bought a Mercedes G550 jeep – a car that sells for over $100,000 – and as cameras filmed him pulling on to his driveway he simply said with a smile, “another one”.

Source: BBC News

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Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Making space in your home

Space – some of us have it and some of us don’t, but whether you live in a five-story mansion or a compact studio flat, you’ll want to make the most of every square inch you have. Luckily there are few tips that could get you making the best space from your home – whatever its size.

 

  • With a little creative thinking, any look can be created, despite the architectural restrictions, for example a lower ceiling immediately makes a large room feel cosier or a dropped lighting raft adds elegance and a desire mood to a room.
  • Having simple furniture that you can see through, such as the fine wishbone chairs, minimises fuss and helps make the room look bigger.
  • To make a space look more interesting, add small but significant details such as side and table lights, spotlights, handles on wardrobes, doors and units.
  • Textures add warmth and comfort to a room for example chenille, brushed cotton and velour will really help to warm up a space if it feels a bit corridor-like.

 

Thinking of buying a property?

Need help with property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Miraculous escape as car crashes into house and catches fire

Three people have suffered serious injuries after the car they were travelling in crashed into a house and caught fire.

The incident on the Isle of Lewis happened on the A857, after the junction with the A858, known as Barvas Corner, at about 01:30.

Car crashed into house

Three men in the car, aged 22, 32 and 36, and a 61-year-old woman who was in the house were rescued by police.

A 32-year-old man was arrested in connection with road traffic offences. Sgt Donald Sinclair, of Police Scotland, said: “Our inquiries into the circumstances of the crash are ongoing and I am appealing for anyone who saw the crash or who saw a blue Vauxhall Zafira being driven on the A857 before 1.30am to come forward.

The car ended up standing upright on its bonnet, leaning against the house.

The driver and two passengers of the blue Vauxhall Zafira were taken to Western Isles Hospital for treatment to serious injuries.

Thinking of buying a property?

Need help with property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Help to Buy: First time buyers overpaying an average of 10%

Thinking of using the Help to Buy scheme? Be sure to weigh up the pros and cons – and check you’re not overpaying – before taking the plunge.

First-time buyers could be paying a premium of up to 22% if they use the government’s Help to Buy scheme to purchase a home, a study has found.

It showed that the average person taking their first step on the property ladder using the Help to Buy equity loan initiative paid £303,450 for their home – 10.3% more than those who bought without using the scheme.

The premium paid by first-time buyers using Help to Buy was more than double this level in Yorkshire and the West Midlands at more than 20%, according to Reallymoving.

Its chief executive, Rob Houghton said many first-time buyers find it difficult to raise a deposit and, as a consequence, are turning to Help to Buy – a scheme which operates only under the new-build sector where homes can command higher prices.

He adds that this is in addition to a premium applied for buying under Help to Buy.

“In many cases, first-time buyers simply don’t have the deposit required to explore other options, such as buying a second-hand home, which may offer considerably better value,” he said.

Source: Zoopla Property News

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Property Purchase: At what point am I committed and cannot pull out?

In UK property purchase, the key point is when contracts are exchanged – right up until that point any party in the chain can withdraw with no penalty. This can lead to financial lost, tears, anger and lots of frustration.

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Once contracts are exchanged everyone is bound by the terms of the contract – if anyone wants to pull out after that point it will cost them many thousands of pounds, as a starting point it is usually 10 per cent of the purchase price and then any damages that flow from their actions. Because of this, generally the best advice is to buy the property and put it on the market as soon as you can. Depending on the market at that time you may lose a little money, but potentially considerably less than if you’d withdrawn from the sale.

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk

Man City Footballer Rahaem Sterling buys row of terrace houses to kick start Fiancee’s Property business

Raheem Sterling’s fiancée Paige Milian, 22, who has a young son with Raheem, announced that they had bought the complex on Instagram .

She wrote: “After months of studying property development, I achieved my qualification to become a property developer in 2018.

 

“We then started a search of properties to add to our portfolio and was then successful in purchasing six brand new houses.

“We plan to add more projects to our portfolio in the future.”

The six new two-bedroom houses are in an unfashionable part of Stockport

The 24-year-old snapped up the six two-bedroom houses in an unfashionable part of Stockport, Greater Manchester, for an estimated cost of £166,000 each.

 

For property investment in the UK from start to finish, Please Contact me

Dennis Bebo – MSC, BSC, DEA, CeMAP

TA DenEco Consultancy – www.deneco.co.uk