Some lucky people (like the Queen) own property outright—and lots of it! But many buy-to-let investors start with little more than a mortgage on their first BTL property. So if you want to explore the best way to start a portfolio and get a mortgage, read on!
If you are looking to build a buy-to-let portfolio, then off-plan purchasing is one way to do just that while potentially maximising your investment. If you haven’t heard about off-plan purchasing before, take a few minutes to read this guide. We give you the lowdown on what off-plan purchasing is, as well as the possible pitfalls and benefits. So let’s dig in.
Investing in a buy-to-let property is considered a highly stable way of utilising your savings. It can generate immediate income, passive income, long-term equity, and even a retirement fund.
You might have read some blogs, and you are itching to go as a landlord. As you’ll know by now, you need to be careful with your investment, know the law, have a network of tradesmen, find and build a rapport with trustworthy tenants and document your financial activities correctly. It’s no easy task.
We hope that if you’ve read previous blogs, then you’ll know there’s far more to being a landlord than getting a great mortgage deal, finding a tenant and sitting back to count your cash.
Having bought your new rental home, there can be the desire to furnish it to a boutique hotel standard before renting it out. Similarly, suppose you are on a budget and have already invested heavily in fixing other areas of the house. In that case, it may seem just as an attractive option to rent the property looking clean and spacious and completely unfurnished.
When you are renting a property, it’s essentially a sale. Make a good sale, and you have tenants that might even stay a decade. Imagine that! A perfect tenant, that stays and pays on time. You never have any issues, they look after the property and you never have to worry about your property being empty, with mortgage payments to make – costly renovations, and all the hassle of advertising the property for new tenants. So, how do you get tenants to stay? Well, here are a few helpful tips, to get tenants to stay longer.
It’s easy enough to assume that rent minus mortgage fees equals profit for you as a landlord. But there are far more expenses involved in renting property, and if you were to go on this simple equation, you’d soon find yourself out of business. In this short guide, we take a look at the expenses you will encounter being a landlord and how you can keep track.
Thinking about self-managing your buy to let? With interest rates having squeezed margins, taking control of day-to-day management is one of the quickest ways to improve net cash flow without changing your investment strategy.
