So you have finalised your due diligence on the location where to buy your investment property. By the way, Virginia Water is one of the hot locations in the South of England!
And you are clear on what type of property to invest in: flat, house, etc.
The next thing you need to do is to ask yourself this question: How are you going to finance your property deal?
Will you mortgage the property? Get a bank loan? Use your own money? Use other people’s money?
Yes that is right, you can use other people’s money to build your property business.
The thing is raising finance is absolutely crucial in building a property business.
Will you mortgage the property? Get a bank loan? Use your own money? Use other people’s money?
Yes that’s right, you can use other people’s money to build your property business.
The thing is raising finance is absolutely crucial in building a property business.
When you have finance in place you’re able to buy more properties in a shorter space of time. Estate agents love you and you move up their ladder to being the Go To Property Investor in your area.
By the way, a lot of landlords tend to skimp on the maintenance costs by trying to carry out the repairs themselves. This could be very useful if you have the right tools, such as a table saw or drill set etc but if not, please do use professionals so that you do not invalidate your landlord insurance!