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Banks and loans - credit crisis?
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15th August 2007 | 12:30
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AlphaMale
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I see both points here from camel toe and Chris.
I am going down the same route of what camel toe has done. I don't earn a huge amount of money and the money I did have saved toward my modular 0-fATPL has now been reduced to almost £0 after buying an apartment for £120k. I'm getting the keys on Tue and already I am thinking about renting the place out. I'm sure I can get a tenant in there and with the current rates of rent in the same building it should cover 90% of my mortgage payment.
This will let me put most of my earnings into my 'APTL' bank account, and with the security of already being on the property ladder which is a struggle to get on. I got the place from a friend and had no fees, apartment next door sold for £128k two weeks ago and with further development in the area soon I don't think £130k would be far off what the apartment is worth, £10k in 6 months isn't bad
I figure I'll be in the US in 2 years time starting my training and finishing with very little/no debts. Should I need a TR then I might knock on the door of a bank but I'm looking to get to the top over a matter of years and not months. FI > FI/AirTaxi > TP > Cago > RHS Airline > LHS Airline.
Like you it's not the money that inspires me to take to the skies. I can earn far more than a BA Captain and be home with my family every night if I stick to web/application development.
Good luck
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