Here I want to share with you 5 steps to a smarter property investment strategy. These are 5 things I wish I’d known about before I started investing my own money in property. 5 things that would have saved me a significant amount of time and stopped me from wasting cash on under-performing investments.
At Property Investments UK our property consultants are here to help. When it comes to investing in property you need to see the house but this isn’t always possible. If you don’t live in the area in which you want to invest, you can’t find the time to attend a viewing or you just need an expert opinion then we are happy to conduct viewings on your behalf and provide you with photos, videos and of course we’ll tell you exactly what we thought.
You will have heard the term ‘due diligence’ a lot when when it comes to property development but what does this actually mean when it comes to buying an investment property? You want to really understand what your money is going into. You want to know the area. You want to know what the potential is for capital growth. Practically your efforts depend on whether you’re investing in rental property or looking to flip. The important thing however is to be thorough.
For many property developers buying a house without a mortgage may be the only option. This is especially true if you’re over 55 years old. But, don’t worry. There are plenty of other options available. One option is to enter into property joint ventures with other investors. Another is to learn how to leverage the cash you have available. Whatever your situation, there are always many available strategies when it comes to raising finance for property development.
Today we’re looking at how to go about evicting a tenant. It’s never a nice thing to have to do this but sometimes – when they don’t pay rent for months or if they’re causing damage – then you’re left with no choice. Firstly we recommend getting a solicitor or seeking advice from the National Landlords Association but if you’re going to do it yourself then you need to know about the Section 8 Notice to Quit and the Section 21 Eviction Notice.
Buying an investment property in Manchester is a wise choice but where in this large city is it best to invest? Today we’ll be comparing the city centre with the South and asking what the pros and cons are to each area. As always it depends on your tenant profile and your goals with yield and growth. It depends on your exit strategy… and you might find that with city centre property you could end up being locked into a deal in a way that won’t happen to you in the South.
It’s no secret that repossessed properties can offer fantastic investment opportunities but finding and buying them can be tricky when compared to other types of property. If you are looking to buy a lot of stock then you should look to LPA receivers. If it’s just one or two you are after then you should look to auctions or to estate agents. However, you are unlikely to be told out-right which properties are repossessions so you need to know what to look for.