property ladder

LegacyUser

I have a longbterm illnes will not ne able to work again want to buy a house cannot afford. Have 20 grand savings

Though of buying a caravan at seaside resort and renting it and then buying another and work up to house.

Any ideas if this is plausible cannot afford to lose as cannot make it back. Or any ideas of what else can do with 20 g

mikemac

Don't invest what you can't afford to lose!
Sure stick it in Rabobank while you review your options.

Since you can't work I can't see a bank giving a mortgage and tbh €20,000 isn't even a deposit for a lot of houses.

Regarding the property ladder, read that monster thread (not all of it:eek: )in accomadation forum and you'll soon learn more about this. Has some good info

LegacyUser

Thanks for that. Is rabobank much better than others have bank accounts

The_Conductor

If you're not going to be using the money for 5-6 years, you could look at buying units in forestry investments- the return beats bank accounts and is tax free (unlike your Rabo account where you have to pay DIRT). Seriously though- you should talk to an independent investment advisor about what would suit you.

S.

condra

Regarding accomadation, what does the state do to help out disabled people?

I'm 27, long term illness, and still living with my parents.

MrVostro

Dont buy a caravan. They dont appreciate in value like a house would.