Most investors know that houses in multiple occupation can make superb investments. HMOs supply rental yields that can’t be achieved with with your standard buy to lets and in the right areas the demand for affordable, flexible housing as offered by multi-let properties has never been higher. But, as with all things there are downsides as well. Today we weigh up the pros and cons of investing in houses in multiple occupation.
Property, like any industry comes with it’s own jargon, terminology, abbreviations and acronyms. For the new, would be investor, this can be daunting and even seasoned operators can sometimes struggle. Today we present a complete list of abbreviations and acronyms commonly used in the UK property sector.
Property seminars can be great, but the wrong format and they can be an inefficient use of time and really slow down your learning on how to make money in property and getting on the road to becoming a millionaire investor. Today we look at the problem of relying on weekend seminars to learn your craft and at why the right online property courses are going to get you to where you want to be much faster.
When investing in property the singularly most important factor, that will make or break your business, is your ability to calculate rental yield. Whether you are new to investing in property and looking at your first house, a landlord with a number of properties under your belt already… or even a manager of a large portfolio – it doesn’t matter – calculating the rental return of your properties is something that you cannot overlook.
When you buy a property below market value you might not be getting what you hoped for. If a BMV deal does not have a good rental yield then you won’t turn a profit. Worse still you might end up losing money month by month. A good rental return is essential to success in property and focussing entirely on discounts will wreck your portfolio.
If you are new to property then hiring a property investment mentor can seem like a big step. But, it’s a step that is going to save you a lot of time and money. Today we look at how a property mentor and the right property coaching could help you save (at least) £10,000 on the next house you buy.
Getting started in property is all about getting the right education. When you’re buying houses every mistake is likely to be expensive. Of course you can learn a lot from blogs such as this one. But, if you want to supercharge your training and start making money quickly then combining the right online investment course with the right property mentor is a winning formula for success.
Looking back I’m often struck by how many mistakes I made at the start of my property investment career. If there’s one thing I regret it is not learning more about the industry sooner. Instead I learned by trial and error which, when you’re dealing with houses, is an expensive way to get an education. By my calculations by not taking part in training early on I lost out on seven years and £100,000 cash. This is quite a bold thing to claim but read on and I’ll explain the context.
Avoid getting stung on your next property deal by understanding exactly how property scams work and fraudsters operate in the industry. Today we look at seven different ways that unsuspecting investors can be conned out of their hard won capital and at what it will take to make sure it doesn’t happen to you.
I’m now well passed my tenth year working in property. I’m a property investor, a buy to let landlord, a property mentor and educator. I’m also lucky enough to be a joint venture partner with some fantastically talented individuals. Well, today’s article is about taking stock and trying to pass on some of the key lessons I have learned on my journey so far.
Grow your property portfolio faster and with more confidence by learning about these five valuable skills. Today we look at how you can find the right people for your team, value a property with greater accuracy, find those buyers who need to sell quickly, negotiate like a pro with a vendor or estate agent and develop the right strategies for making sure that any property you own stays profitible.