Buying & Investing in BTL Property Tips & Info
This is where the journey of every self-made landlord begins.
Buying BTL properties is usually both exciting and nerve wracking, especially for upcoming first-time landlord. Trust me, I’ve been there. The thought of investing so much money into a BTL property is a very scary prospect, and it seems risky. What if it all goes wrong? What if I lose all my money? Sound familiar?
In reality, investing in property really isn’t THAT risky- not in the grand scheme of things anyways. It’s extremely unlikely that you’re going to wake up one day and find that your property is worth zero. Of course, the property market goes through highs and lows, busts and booms, but that’s the natural cycle, and some times you just need to ride it out.
The key to a successful BTL investment is buying the right property. That’s all it is. Now, that may sound simple, but it really isn’t. There are many variables to consider, and there’s dozens of attributes that make a property worth investing in, such as crime rates, local schools, transport links, employment rates etc. All these factors, among others, have influence on returns and growth.
But essentially, as with all investments, you’re trying to achieve the best ROI (Return On Investment), and with rental properties, that’s usually determined by calculating the rental yield.
In this section, I’ve written articles offering practical and useful tips on purchasing BTL properties, along with my stories based on my own experiences.
I’m not sure, but I may need to throw up an extra disclaimer before dragging your corpse through this one. My concern is that if the wrong type of idiot misconstrues my ‘pedestrian ramblings’ as savvy financial and future-planning advice, they may feel obligated to unleash a “no win, no fee” blood-sucking Lawyer onto my […]
“I want in”, he says, with a smile stretching from ear-to-ear, so smug that I almost want throw a balloon filled with warm piss in his face. A friend of mine has managed to stack together a little too much cash under his withered mattress- and now he wants to taste the sweet nectar of […]
A couple of weeks ago I almost elevated my landlord status to the next level and became an even bigger ‘landlord wanker’ by scooping up my first commercial property. The Lord knows there’s nothing worse than an arsehole landlord with ambition in the middle of an economic meltdown. There’s people out there increasingly feeling the […]
Some of you may have noticed that there’s a new form in the right hand sidebar which offers people with “No Money Down property deals”. It’s a service offered by the Ahuja group (link removed- website no longer exists). Out of curiosity, has anyone heard of Ajay Ahuja before? I hadn’t heard of him at […]
I’m a big fan of the Chris Moyles breakfast show on Radio 1- the light banter goes down a treat while driving to work. Unlike some, I get Chris’s humour (most of the time). From what I’m aware of, Chris Moyles is a bit like Marmite; you either love him, or absolutely hate him. On […]
As a landlord, or more specifically, perhaps a new/upcoming landlord, have you ever been torn between multiple properties? A landlord’s main concern should be buying the property which will offers the best ROI (Return On Investment). Perhaps an important aspect many landlords don’t pay enough attention to, as they’re too busy focusing on the superficials. […]
I didn’t really realise how many reasons there are behind people choosing to rent, and it seems though more reasons surface every day. I mean, when someone tells me they’re renting I just automatically shuffle through 3 of the most possible justifications, and try to guess which category they fall under: priced out of the […]
Once you’ve found a property that you’re interested in purchasing, secured the mortgage and have acquired the services of a conveyancing solicitor, you’re just about ready to start thinking about a structural survey. What is a structural Survey? It’s a report that is designed to satisfy a consumer that the property has no obvious structural […]
It’s a pretty obvious question now I think about it, but interestingly, until last week no one had ever asked me whether there is an expiry date on property investors. And to be honest, I’ve never really thought it. But that’s most likely because I’m still hip and funky fresh. Man, I can already feel […]
I previously wrote an article about Easily Fixable Features That Puts Buyers Off. Since then I decided to go one step further and dedicate a list of features that can essentially make buyers walk away because the problems aren’t all that superficial, consequently there is no easy antidote. These features should be noted before purchasing […]
I often reference websites like rightmove, primelocation, findaproperty, and propertyfinder in my blog entries. They’re probably the most popular property portals online that assist thousands of estate agents to market their properties which are currently on their shop window. It’s a good idea not to limit them just for property/estate agent finding search engines, because […]
I don’t know if anyone else is in a similar situation, but I’m getting a little irritable about the severe serious lack of properties on the market. I’m a rabid user of property portals like Rightmove, Findaproperty, Primelocation and Propertyfinder, and between them, there’s usually an abundance of choice to suit everyone’s needs, or at […]
This is probably the one single question I get asked the most frequently- “how do I extend a lease on my property?” The thing with leases is that they can significantly affect the value of a property. The sooner the lease is due to expire, the less the property is worth and the more expensive […]
I was recently put into a situation where I had the opportunity to snap up an extremely undervalued property. It was undervalued by 50-60k because it’s in dire need of some intensive renovation loving. However, after making the required amendments, I would still be quid’s in by a considerable amount. Unfortunately, I’m not a builder, […]
I’ve mentioned a few times that I plan on buying another property this year, even with all the talk of recession and an approaching housing crash. I still think there is money to be made in the property game whether it be in the interest of long or short term investment, but only if the […]
I’ve recently received a few emails from curious beavers asking me what my property investment strategy is, and what the best way to invest in property is. I’m always reluctant to sell the ‘best’ method because it’s a subjective question and the answer is based upon an individual’s situation and intentions. Ultimately, it depends on […]
The last few months have been extremely uncertain and worrying for investors because there’s been a lot of talk surrounding the much expected housing crash. With the media constantly injecting a lot of fear into the mixing pot with the talk of property prices plummeting, it’s becoming increasingly difficult to remain optimistic about property investments. […]
This is a continutation of a previous post of mine, ‘There’s Never A Bad Time To Buy-To-Let‘, where I discussed how there’s always money to be made in the buy-to-let game, even during this current slowdown we’re experiencing. Investing in ‘hotspots’ for buy-to-let purposes is never a bad move. A ‘hotspot’ being a rundown ghetto […]
I believe there is never a bad time to Buy-To-Let, there’s only a bad time to sell. I don’t pay any mind to the cynics nor the house price indexes. House Price indexes are usually based on national averages, they don’t account for every property in every dark corner. And if I listened to every […]
A common mistake many novice investors make is that they get influenced by their personal taste. While it’s human nature to open our arms to those things we find most attractive, it’s most definitely an act of naivety and bad practise when it comes to property investment. There’s often good business sense behind buying the […]
Flying solo on a property venture can be a scary concept because the responsibility falls onto one person’s head- YOURS. Let’s face facts; it’s a lot easier to sleep at night knowing that if shit hits the fan, the shit will fall onto multiple overalls. However, it can also be heartbreaking to split the profits […]
One likes to watch the casserole slowly stew, while the other likes to barbeque the fillets on full heat. That’s the difference between a short and long term investor. Both can potentially be a satisfying meal, but the short-term investor is looking to get satisfied a little quicker while the long-term investor is happy for […]
Are you interested in buying a property that is listed or do you own a listed building and are unsure what it all means? Here’s a quick guide for you. What is a listed building? If a building is listed it mean it is protected because it is deemed important in some way, usually in […]
I was browsing through the moneysavingexpert.com forums and I found a, dare I say, humourous thread about vendors leaving behind bad surprises for new owners. I shouldn’t laugh, because I genuinely do feel for the lady in distress and everyone else that shared a similar story. Moving home is stressful enough and i’m sure the […]
What is a crossover lease? A crossover lease is when two people live in the same building, but have their own flat. Essentially, a building with two seperate flats. Each homeowner has a lease to the flat they own AND the freehold to the other flat in the building. They are commonly used with maisonettes. […]
Flipping properties is a highly lucrative, but risky way of making a quick fortune. It’s becoming increasingly popular amongst the public because a) it’s a relatively simple concept b) it’s the “in” thing right now c) as mentioned, it can be extremely lucrative. What is property flipping? It’s the name given to the act of […]
Recently, there’s been a lot of talk about a property crash approaching. Granted, there’s always been a huge group of cynics waiting for a bust for the past 5 years or so, but over the previous months I’ve noticed a slow growth in numbers for “team cynic”. Please note, I’m not implying a property crash […]
Someone posted this in my forum and I found it rather interesting, so I thought I would write about it since there’s a lesson to be learned. I became a member of the Property Association in June 05 at a cost of £1600 plus VAT. The Property Association make deals with house builders and sell […]
I was reading through the news yesterday, and I came across an interesting article about a mansion that is facing demolition because the luxury home has been vastly extended without proper planning permission. The previous owner, a builder, had more than doubled the living space without having permission to do so. He then sold it […]
It’s becoming increasingly difficult to pick-up a bargain in the property market these days; consequently making it difficult for first-time buyers to get onto the property ladder. Currently, demand exceeds availability, so vendors can afford to overprice their property with the reality of getting a quick sale. However, you can still pick-up a good deal […]
Before I would even consider putting an offer down on a BTL property, I’d ensure I looked through my online bibles. Some times I think people underestimate how resourceful the internet actually is. More specifically, the internet is jam-packed with extremely relevant facts and figures to help make your life a lot easier when buying […]
Unfortunately this service is no longer available “ASK YOUR CONVEYANCING QUESTIONS HERE, AND GET FREE ADVICE.” Hi, I’m Luke. I’m here to assist you with any conveyancing enquires you may have. I offer nothing but free, professional conveyancing advice. If you’re unsure about anything conveyancing related, no matter how stupid or simple you may think […]
I’ve already wrote a bit about flying freehold properties in a previous article Freehold And Leasehold, however I thought I would touch up on it, as I don’t think I was clear enough with my explanation. Plus, I know a little more about the issue now than I did before. Firstly, a flying freehold property […]
How can you determine the age of a house, and more importantly, why would you want to? The other day I was talking to a friend who is also starting a property investment venture. He’s only at the early stages; browsing through potential properties with his estate agent. He was shown this one particular property […]
There are only a few significant steps you need to take in order to purchase a property- from start to finish. I’m going to avoid mentioning all the if’s and buts because there are potentially thousands of different issues that can crop up and sway the entire journey of buying a property. Please bare in […]
Leasehold and Freehold are types of property ownerships in England and Wales. It goes without saying, it’s extremely important to know the differences between the two when buying property. Most of you will be familiar with the terms freehold and leasehold (although you may not necessarily know what they mean). “Flying Freehold” and “Commonhold” are […]
These are my personal tips that you should consider when buying a property. By no stretch of the imagination are these wise words from an expert, although an expert may share some general consensus on a few of the tips. 1) Research is the key Always do research. You can never do enough research. A […]