Monday, 19 October 2020

Do you still think property investing is ONLY for people with money? - WRONG!

 

Have you been wanting to get into property investing but you FEEL STUCK because you don’t have money to invest?

 

Lately, I hear a lot of my clients complain that they don’t have funds to get started in property.

In fact, this seems to be the number one challenge aspiring property investors have!

 

But it’s a HUGE MYTH!

 

There are ways to raise funds, Joint Venture, and also there are many strategies that don’t require a heavy upfront capital investment. I will be sharing more on these topics in the next few days as people really want to know more about it.

 

But today I want to share with you one strategy that I used myself, which requires less than £3-5k to start with, and you can get it back in less than a month, while building an ongoing income of £700-£1000/month per property.

 

This strategy is called Rent to Rent – some of you may have heard of it. It is based on the wholesale/retail concept. You would rent a big house or flat (or even building), and then you rent out the individual units separately. You make the profits on the differences in rent you receive and pay.

 

I started my Rent to rent company in central London 5 years ago (YES it works in central London). It now has almost 300 rooms. This is the fastest and least expensive method to build up a cash reserve, which you can later put in a Buy To Let investment property that you own. These two strategies complement each other very well.

 

If you know what kind of property to look for, and what exactly to do, you can build up an extra income stream pretty quickly. It takes on average 3 months to complete a property purchase in the UK. It takes 1-2 weeks from signing up a Rent to Rent property and having rooms rent out – starting your first £700-1000/month cashflow. As you don’t own the property, the risk is much lower too.

 

So why isn’t everybody doing it? Well, it’s not the easiest to know what kind of property to look for and where to find them. With the tighter regulations in recent years, it’s becoming harder to find truly compliant properties, making it harder for newbies to get started in this.

 

Are you interested in learning more about Rent to Rent?

Book a free strategy session with me CLICKING HERE, and I will share with you the exact type of properties that will give you £700-1000/month compliantly.

 

To overcoming your funds challenge,

Emma

Wednesday, 14 October 2020

3 most efficient sources of information to help you stay up to date on the property market

 

We hear news every day on property and real estate. There is a property section in pretty much every newspaper. Then there is all these podcasts, youtube channels, etc…

 

It almost seems like there is TOO MUCH information out there!

But somehow we still can’t find the answer to our questions.

And we can spend hours and hours ‘learning’ from these random sources, and end up getting drowned by the sea of information.

 

When I first started, I was overwhelmed by all these information that seemed to be available everywhere. But I didn't know what to believe in and what sources to trust. If you are new, it’s hard to be able to tell the good sources from the bad. I read everything I could.

 

Now 7 years later being much more experienced in property, I hardly read any news on property, or follow many channels. I found that consuming random information takes time and brain power. And I don’t have enough of them.

 

I found that the following 3 sources are my most efficient and reliable sources of information that helps me stay up to date in the property market.

-          Your direct power team

Your mortgage broker, your accountant, your letting agent, your builder, your estate agent etc. These are the people that you work with and people that are in the movement every day. What they know is first hand information much more accurate than the news.

-          Reputable industry events

Attending events and networking can be a great source. However it really depends on the quality of the event you go to. Out of the ones I have attended, I found that the PIN (property investors network) meetings are of great value. I used to go to the ones in Canary Wharf and Blackfriars regularly but now with the pandemic, everything is going virtual. If you are based in the UK, definitely check out your local meeting.

-          Reputable industry publications

Just like a banker would read Financial Times, there is a MUST-HAVE magazine that almost all property investors are reading. It’s called YPN (Your Property Network), specifically designed for investors. It contains industry updates, dive into the latest strategies, many case-studies, and useful contacts. I believe you can try the first copy for free.

 

I genuinely hope that the mistakes I made and the different experiences I had would save you time and help you achieve your goal much faster!

Emma


*I can help you build an extra £2000/month income through property – CLICK HERE to book a free strategy session with me.