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.