A question I am sometimes asked is ‘how do I know what type of property to buy?’ which is a great question. The starting point for me would be maybe a bit of a convoluted process, but I think it’s really important to get the foundations right. Firstly, sit back and consider why do I…
Why do so many investors start with buy to let? I suppose buy to let is the foundational entry point for property investing. Most people understand the concept behind buying a flat or a house and then renting it out to a tenant. One of the great things about buy to let is that there…
Here’s a myth about property which you’ll hear banded about quite a lot, and that is that property investing is only for rich people, whatever rich means by your definition. Of course, that simply isn’t true. In this day and age access to finance is so readily available that most people could probably invest in…
This is the one question which seems to cause more concern, confusion, and procrastination than any other topic in property. “Where do I buy? Where do I buy to make money in property?” Being sensible, buying close to home makes sense. Maybe not the house next door, but close enough to be able to tap…
I sometimes see posts on forums and Facebook groups suggesting that No Money Down is illegal. When I see blanket statements like that I understand that they don’t fully understand what No Money Down (NMD) means. A simple analogy would be something like, if you saw a car that had worn brakes and had failed it’s MOT and had no insurance, and…
If you’ve been with me for a while you’ll know that my property investing strategy is built around buying a property as cheaply as I can, then adding value, and then refinancing. If I’ve done my due diligence properly, and the figures stack as they should, then the result is I can get a whole load of money…
Over the last couple of months my mortgage broker has identified a couple of fantastic products to help accelerate your property progress. One, a bridge to let product which allows you to refurb a property with a guaranteed switch to a buy to let loan when the refurb is done, and all in one product.…
Isn’t this the age old question? It’s one of those questions where everyone either seems to have a very firm opinion, or no opinion at all. More time has been spent in the investment community arguing over this than actually going out and looking for deals! But the reality is, like so many things in…
One of the questions I’m often asked is, “Peter, when you buy a property, what yield are you after?” Sounds like a good question, doesn’t it? Maybe even a sensible question. But I realised when I’d answered it for the 100th time that that’s not actually how I look at a property. Or how I…
Ah, the old dilemma, and a question I’ve been asked a lot recently.. As is so often the case in property, there is no right or wrong answer, but here are my thoughts on this. Number 1/. Given the choice between using my money or someone else’s (in this case the bank’s), I’d use someone…