
Property Investment
Tips For You
Friday 18th of May 2012
8 Top Tips For A New
Buy to Let Property Investor
When my company ONEPORTFOLIO started in 2006, I had already learned as much as I possibly could about how to invest in property. There are always different buying methods, but some fundamental points always will remain.
I have chosen my top 8 tips that I have picked up, and listed them for you... so that you may start in the right direction.
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1. Always listen to the experts
Starting out in property investment can be a daunting task, so as with anything else in life it is always good to listen to predecessors who have been in the market for a long time. Get yourself along to seminars and courses, a lot of them are free to attend. Also be as active as you can on the wide range of property investment forums that are available on the internet for generally for a small fee.
2. Make sure to stay ahead of the game
When you are looking at properties to purchase, find out as much as you can about the local area. Call local letting agents, and estate agents. You need to know what rental demand is like, what the local transport system is like, how good the schools are, and even if there is a McDonalds round the corner! All of these things will effect someone's decision to rent from you, and the future saleability of your investment.
3. Remain patient
Investing in property should always be seen as a medium to long term plan. If you are looking to make quick cash from your investment, then buy-to-let property investment may not be what you are looking for. Although generally speaking, property prices rise and fall in troughs and peaks in the UK market. So make sure you buy in a trough, and when you come to sell... make sure it's in a peak time in the market.
4. Value your tenants
Effectively, like in any other business, your tenants are your loyal paying customers. Treat them with the respect they deserve by undertaking any maintenance and repairs in good time. Always try to be fair with rental increases and allow them to enjoy living in your property without too much interference.
5. You exit strategy
It is always great to add more and more property to your portfolio, but you need to have some sort of idea of your long term goals. Are you going to keep all of your properties long term for the cash flow, sell them one by one or sell them all together.
6. Listen to other professionals
As well as taking advice from property investment experts, don't take for granted that there are other experts who may be able to advise you. Take as much advice as you can from the likes of solicitors, mortgage professionals, and tax advisors. A good tax advisor or accountant could save you a lot of money by helping you to reduce your tax.
7. Don't put your eggs all in one basket!
You have more than likely heard that saying before, and anyone with a property portfolio will tell you to try to diversify as much as possible. If you want to stick to low risk investments, that's fine. But don't buy all your property on the same street!
8. Property Investment is a business
Property investment is a business like any other and you should treat it that way. Don't let your tenants rule you, or the estate agents push you around. You should conduct your property investing exactly how any other business owner would conduct their business.
Best Regards,

Colin Parker
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Property Investment Training Course

Valuation £60,000
You Buy At £48,000
Gifted Equity £12,000
Rent £375pcm
Mortgage £130pcm
Gross Income £245pcm
Total Investment £16,985
Valuation £100,000
You Buy At £80,000
Gifted Equity £20,000
Annual Rent £6,300
Annual Mortgage £2,610
Gross Income £3,690
Total Investment £24,985
Note: Mortgage interest rate calculated at 4.35%. Rents are averages for property valuations. Other costs will reduce gross rental income - management fee is 10% of the annual rent (only paid if property is tenanted) and buildings insurance will be c£125pa.