In the first video of this mini series about whether houses or flats make a better investment, I said that I don’t operate on the basis that there is a clear cut rule saying houses are fine but never buy a flat for your buy to let.
I think having such a binary approach is far too simplistic (for me) but if it works for you, that’s fine as well.
Here’s the link to the first video:
I, personally, just don’t like hard and fast rules when I can that things are not hard and fast.
For me, the first thing to check when considering investing in a flat is the figures.
And by figures I mean income versus costs etc etc including future costs taking into account how the ground rent is reviewed (upwards) in the future.
I almost said, the figures are everything, but that’s not quite true.
Because in this video we are going to look at something else we need to take into account; the length of the lease.
And we need t remember, even if the lease length is ok today, it is diminishing and we need to be aware of what a shorter lease might mean for our goals, strategy and plan at a future date.
Anyway, I talk about it in the video. It’s only a few minutes so grab a cuppa and enjoy.
Here’s to Successful Property Investing.
Peter
Peter Jones
(ex) Chartered Surveyor, author and property investor
https://thepropertyteacher.co.uk
PS. By the way, I’ve rewritten and updated my best-selling e-book, The Successful Property Investor’s Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same.
For more details please go to:
https://thepropertyteacher.co.uk/the-successful-property-investors-strategy-workshop
