I live in a council property but want to go into investing in properties as a business can i still live here? - Investing Property - Knowledge Base - Home Investment

I live in a council property but want to go into investing in properties as a business - can i still live here?

I would love to invest in property market for future investment, but fear losing my council property which i wish to remain living in whilst carrying out this new business. Will I lose my council property if i take up this new venture?

Responses:

Really ? - I am trying so hard not to get wound up by your question. If you can afford a house you should be living in it ! - WHY SHOULD MY TAX MONEY PAY FOR YOUR FUTURE ! I work hard to pay for my own home, so why should I and all of the other hard working tax payers pay the lions share of your rent and then you get to profit from a second home too. The answer is YES you will lose your council home, and also it would be illegal too ! Benefit fraud I think - you can not have your cake and eat it. Social housing is provided as a benefit to those in society who are unable to provide a suitable / affordable standard of living for themselves. It is NOT provided as an investment strategy for the shrewd. You should be ashamed of even thinking what you have asked as a question. Maybe you should become an MP - They seem to quite like the taxpayer forking out for the whole second home thing ! If you do go ahead with this very ill advised venture. I hope sincerely that your local authority can trace who you are
im sorry but if you can invest in property then you should move out of your council house to let people that cannot afford their own property to have!
As long as you are paying rent to the council then there is nothing they can do, as it is your job
If you can afford it then I do not see why you can not go on living in your council house - It is the same as your own business, if you had a business somewhere it would not matter if you lived in the council house? If I had the money to invest in property to buy and sell or rent I would go for it, you will have to inform the tax office and the local council regarding council tax etc. Good Luck
I do not know if what you paln is illegal, but it certainly is immoral You are living in social housing, running a property business, and keeping a local housing property out of circulation for needier people Why not buy your own first property. and that way you will gain experience of owning a property, and all its benefits, and off course its costs and pitfalls. If you can own a property business, you can buy your own house

Tags: illegal, wound, keeping, question, ill

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