Getting Started
There are many different ways that people can begin to invest in property?
We had always been interested in property and loved watching ‘Homes under the Hammer’ and other property TV shows but didn’t have the capital available to invest, so property investment remained a dream for us for many years.
Our property investing journey started back in ???? after we received an inheritance from a family member. Our first project was the renovation of their house and we were able to increase the value significantly prior to selling. Our second flip was bought at auction and after a full refurbishment was sold 6 months later.
Since then we haven’t looked back and have completed conversion projects, flips and now manage a portfolio that includes 2 x SA’s, 1 x AST Rental and a 6 x bed HMO.
Of course, we now understand that there are many ways you are able to invest in property and you don’t have to wait for an inheritance or another windfall to get started.
Rent 2 Rent (R2R) strategies are more common practice these days with investors renting properties to sublet either as HMOs or SAs, making a healthy profit each month without even owning the property.
Another popular strategy is ‘Purchase Lease Options’ which can help you to buy a property over a longer period of time while making a monthly profit in the meantime.
This terminology may seem alien to you right now, but by taking the time to learn about property and by investing in your own knowledge, you can quickly get up to speed.
Whether you are just starting out, or are an experienced property investor, we are here to help. We specialise in finding the perfect properties for many different investors regardless of what your chosen investment strategy is.
If you are new to investing, we can support you through the process right up to the day you collect the keys of your first investment property, and beyond that if needed.
We are always happy to catch up with other investors and to chat about property investing so if you would like to know more, or to get a date in the diary for a coffee, drop us an email at – lois.evans@livelocal.property.