Buy-To-Let Tips

Practical Advice To Help You Profit From Rental Property

 

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Buy To Let Rental Property Investment

There is a lot of money to be made in buying and renting out property and becoming a long term property investor. But there is another side to buy-to-let... you can also lose a lot of money if you get it wrong. The aim of this web site is to focus on what’s important if you want to find success in buy-to-let:

  • Essential information that you must consider when making your property investment
  • A focus on what can make you most money... and save you most money

Is buy to let property investment for me?

Firstly, an obvious point. You do need money. Of course, you can take out a big mortgage then try to borrow money for the deposit and all the other costs involved in setting up your buy-to-let investment. But what if unexpected expenses arise or you have trouble getting tenants? Buy-to-let is a business and as such it involves some level of risk.

Ideally, you will have money for the deposit (at least 15% of the buying price) and buying costs, money for renovation/redecoration and furnishing, and to cover your first mortgage payments.

So if you're 60 with no money, or a single mum with three kids on a council estate, it's not for you. But if you own your own home, or have some capital or a decently-paid job then buy-to-let as a long-term investment is definitely something to consider adding to your portfolio of investments.

What's really important in buy to let?

This web site sets out valuable tips for someone wanting to get started in property investment. Each section gives you vital information and advice which you should consider carefully as you tackle that stage of the process of investing in residential property. Address these issues thoroughly as you go throught the process of setting up your investment and you will be on your way to making a lot of money. Here are the main categories...

Why invest In Buy to Let?
Where to buy – looking for property hotspots
What to buy - choosing a tenant group
Finding a bargain property
Buying below market value
Buying tips – estate agents

Buy to let mortgages
Buy to let insurance
Renovating your property
Decorating for buy-to-let
Finding tenants
Maintenance and repairs
Repossessing your house from tenants
Tax Tips

Implications for landlords of the Housing Act 2004
Property news link

 

There are a lot of factors involved in setting up a profitable buy to let property portfolio and getting it right or getting it wrong at every stage can involve a difference of hundreds, thousands or tens of thousands of pounds.

But if you do get it right, buy to let can ultimately mean creating a profitable portfolio of rented properties that can allow you to replace the income from your job and give you the freedom of a lifestyle where you have both the time and the money to pursue the kind of life you wish.