Our top property investment tips! Are you looking to purchase your first BTL?
1 Look to purchase in areas that are up and coming. Always try and forecast what the area will be like in a few years from now.
2 Be aware of your budget. Setting and getting your finance right is crutial. If you need any guidance, please you can speak to one of our brokers for assisatnce.
3 Talk to the local experts - they are in the know! Dont be afraid to ask for advice, the more information you have the better your judgements will be.
4 Protect your capital. Having a property portfolio that is diverse and offers a good income is essential to ensure that you protect you investment.
5 Money Money Money. For any BTL business you need a good Accoutant that can offer advice and who can file your tax returns. The last thing you want is the HMRC on your back for unpaid Tax. We deal with a number of local accountants, so if you need the name of one, please get in touch.
Hope this has been useful.