So you eventually take the plunge and buy a good value little 3 bed-semi in a well researched area.
You manage it well and it kicks out a bit of money as Buy To Let or as Serviced Accommodation.
Somewhere along the line you get a bad tenant or a succession of big bills or rates creep up then it kicks out not so much.
One day you catch yourself asking if it’s really worth the hassle and is this property lark actually just a waste of time.
Anyway, repeat this cycle for years until one day maybe a decade later the penny drops:
“Bloody hell, it’s worth HOW MUCH?!
Because it’s not entirely unrealistic for these houses to double in value over a decade which means when you factor in rental income you might well have had a five or six fold return on your money.
Now imagine you had bought a handful of these…
You now have a LOT of options:
This is more or less happened to me: I bought unglamorous houses at unglamorous times and sat questioning wtf was the point for years and years and years.
And then one day, somewhere in between redundancies 2 and 3 iirc, and with a very young family, the penny dropped I didn’t even need a job if I didn’t want one.
And now my only regret is why didn’t I fill my boots even more.
That’s how it works.
So you eventually take the plunge and buy a good value little 3 bed-semi in a well researched area. You manage it well and it kicks out a bit of money as Buy To Let or as Serviced Accommodation. Somewhere along the line you get a bad tenant or a succession of big bills or […]
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Continue ReadingAre you considering investing in a property but not sure if it’s worthwhile? Or, maybe you’re purchasing a property but want to take away some of the stress involved in the process? This is where property consultancy can help. Consultants are there to guide you through the whole process of purchasing a property. They are […]
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