7 tips when buying an Investment Property.
1. Ask yourself - do you want to invest long term and ensure an ongoing regular passive income – or are you wanting to go for flips where you can buy, renovate and sell quickly to make a profit?
2. Ask yourself - do you want to invest in a simple BTL, or a HMO or Commercial to Residential property or something else? Make sure you also have exits.
3. Work out your budget to see what you can afford and stick to it.
4. Find out the possibility of a mortgage with your broker,
5. Take some time to research and get to know your chosen area. What are the demographic’s? What is the demand?
6. Who is your target market? For example: Students, working professionals or first home buyers?
7. Always search for below market value or off market properties to purchase.
These will get you started but to do it right there are a lot more. So if you - or someone you know with their hard earned savings doing nothing in the bank or perhaps have an inheritance, or are going through a divorce, or redundancy – or who maybe want their pension pot to generate a much higher return – and who are serious about investing with peace of mind and security, send me an email with an expression of interest to invest – or let’s set up a call to discuss how I can help dennis@mauinvestments.co.uk or 01 332981666