Beginners Guide To Buying & Investing In BTL Rental Properties

BTL Rental Properties

This is where the journey of every self-made landlord begins!

This section contains relevant information for aspiring landlords, particularly those looking to invest in a BTL property in order to become a landlord!

If you’ve already got your hands on your rental property, and you’re just looking for extra support and guidance, don’t fret! I’ve also covered a buttload ground on other topics, which are suitable for those toying around with the idea of renting out their home, and those accidental landlords that somehow found themselves in the shit.

Is now a good time to buy a BTL rental property and become a landlord (timeless advice!)?

It’s the age old question that’s asked before making any investment. Can we really “time the market”? Is now the best time to invest in rental property?

I figured I should address the porky elephant in the room before going elsewhere. But be warned though, if you’re looking for a “yes” or “no” answer, you’re going to be sorely disappointed. However, perhaps you’re willing to endure some rational insight instead.

I’m writing this [update] in the midst of the Coronavirus pandemic (2020), because it’s made for a good opportunity to share my fundamental thoughts on “timing the market”. However, despite current affairs, I’m hoping it will make for timeless [non-professional] advice.

The current state of the world today

Regardless of what is happening in this world today or tomorrow, whether there’s an industrial revolution or a killer viral infection on the loose, there are industry sectors both booming and sinking.

The property market is highly anticipated to take a hefty kick in the nuts in the coming months due to the coronavirus (it’s not quite happened yet), so the vultures are circling. You might even be one of them.

Those that are fortunate enough to be sitting on large piles of cash are pondering whether now is the perfect opportunity to transfer some of their savings – which are currently benefiting from woefully comical returns – into property. While the global economy is burning to the ground in front of our very eyes, and while our fortunes are subsequently being slowly tortured with historically low interest rates, it seems like it’s time to strike. I can’t disagree. I fancy my chances with property, personally.

So when is the right time to investment in property/BTL?

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 count for every property in every dark corner. And if I listened to every cynic about every commodity, I would never part with my money.

The truth is, my thoughts on investing in rental property is the same as it’s always been. The whole coronavirus pandemic is a [tragic] variable in the current equation, but it will pass, and another tragedy will come, so it certainly hasn’t changed anything about my approach to investing in the rental market.

Yes, it’s possible to take advantage of a housing crash. And if you spot an opportunity I wouldn’t drag you away by the hair. But it’s not really a reliable strategy – hence why so many time it wrong – and that is why I think it’s far more important to focus on the bigger picture.

So what’s the bigger picture then? Good question.

I’ve never tried to time the market. I’ve never actively waited for a downturn or a global pandemic to take advantage of simmering prices (don’t get it twisted, though. I’m not saying I never take advantage of a choking market, I’m just saying I’ve never waited for it to happen before investing).

It’s extremely difficult to time the market right, and experience has taught me that most people are bad at keeping time, and those that managed to time it just right – more often than not – just got lucky. Or more accurately, bought a property and just waited for the housing market to take its natural course (i.e. history dictates that house prices eventually always increase over time). For that reason, I believe time spent on trying to err… “calculate” (that’s my nice way of saying “guess”) when the market has bottomed out is both futile and unnecessary.

Yes, in a slow market it’s easier to find a deal. But that’s it. It’s just easier, nothing else.

I have found that there are ALWAYS good investments available that will produce mouth-watering yields, particularly for medium to long-term investments. Moreover, someone is always looking to sell below market value, and as said, property prices have so far always increased over time.

With that in mind, I don’t think there’s ever a bad time to invest in rental property, but there’s always a bad property to buy at any time.

Buying A House On A Flight Path – A Bargain Or A Toxic Wasteland? 37

Buying A House On A Flight Path – A Bargain Or A Toxic Wasteland?

Property Investment Vs Bitcoin/Cryptocurrency – Here’s The Situation! 122

Property Investment Vs Bitcoin/Cryptocurrency – Here’s The Situation!

STOP Paying “Property Gurus” For Garbage Property Courses & Seminars 65

STOP Paying “Property Gurus” For Garbage Property Courses & Seminars

Protect Your Property(ies) Against Fraud In 5mins! 0

Protect Your Property(ies) Against Fraud In 5mins!

Can I Rent Out My Flat? Here’s What To Check… 1

Can I Rent Out My Flat? Here’s What To Check…

Is Investing In Stocks & Shares As Good As BTL/Property? 63

Is Investing In Stocks & Shares As Good As BTL/Property?

Do I Need a Solicitor To Buy A House / Property? 7

Do I Need a Solicitor To Buy A House / Property?

How Do I Rent Out My House? The Guide To Renting Out Your House! 1

How Do I Rent Out My House? The Guide To Renting Out Your House!

Are Leasehold Properties Good For Buy-To-Let Investments? 23

Are Leasehold Properties Good For Buy-To-Let Investments?

36 Practical Tips ALL New & Accidental Landlords Should Know! 1

36 Practical Tips ALL New & Accidental Landlords Should Know!

Conveyance Solicitors & Finding The Right One For You 3

Conveyance Solicitors & Finding The Right One For You

How To Be A Sensible & Low-Risk Landlord 16

How To Be A Sensible & Low-Risk Landlord

Warning: It’s The Estate Agents Job To Sell You Sh*T 10

Warning: It’s The Estate Agents Job To Sell You Sh*T

8 Essential Steps To Becoming A Landlord (What Landlords Need To Know) 1

8 Essential Steps To Becoming A Landlord (What Landlords Need To Know)

Buying Property With No Deposits 33

Buying Property With No Deposits

Kirstie Allsopp & Phil Spencer Give Property Buying Tips 3

Kirstie Allsopp & Phil Spencer Give Property Buying Tips

Calculating The Rental Yield To Find The Best BTL Investment 114

Calculating The Rental Yield To Find The Best BTL Investment

Understanding Property Valuations And Structural Surveys 22

Understanding Property Valuations And Structural Surveys

Can You Be Too Old To Invest In Property & Be A Landlord? 2

Can You Be Too Old To Invest In Property & Be A Landlord?

I Can’t Find The Right Property To Buy. Frustrating! 1

I Can’t Find The Right Property To Buy. Frustrating!

How To Extend Your Property Lease 99

How To Extend Your Property Lease

Why I Avoided Buying A Property That Needs Renovating 4

Why I Avoided Buying A Property That Needs Renovating

Can I Approach A Home-Seller Directly Without The Estate Agent? 1

Can I Approach A Home-Seller Directly Without The Estate Agent?

My Bulletproof BTL Property Investment Strategy 39

My Bulletproof BTL Property Investment Strategy

How To Spot The Next Up-And-Coming Area For A Good BTL Investment 2

How To Spot The Next Up-And-Coming Area For A Good BTL Investment

Investing in BTL With Friends & Family – Yay or Nay? 0

Investing in BTL With Friends & Family – Yay or Nay?

Will A Loft Conversion Add Value To My House? 10

Will A Loft Conversion Add Value To My House?

Golden Rules For Property Development 4

Golden Rules For Property Development

Quick & Essential Guide On Listed buildings 2

Quick & Essential Guide On Listed buildings

Property Crossover Leases Explained 4

Property Crossover Leases Explained

The Basic Guide To Flipping Property For A Fortune 5

The Basic Guide To Flipping Property For A Fortune

What Are The Signs Of An Approaching Property Crash? 0

What Are The Signs Of An Approaching Property Crash?

Warning: Be Careful Of Property Associations 61

Warning: Be Careful Of Property Associations

The Dangers Of Buying A House With An Extension – What To Check For! 1

The Dangers Of Buying A House With An Extension – What To Check For!

Simple Guide To Buying Off-Plan Property 7

Simple Guide To Buying Off-Plan Property

Sarah Beeny’s Property Renovation/Development Tips 2

Sarah Beeny’s Property Renovation/Development Tips

What Does It Mean When A Property Has A Flying Freehold? 4

What Does It Mean When A Property Has A Flying Freehold?

How Long Does It Take To Buy A House? 0

How Long Does It Take To Buy A House?

What Is The Age Of My House? Here’s How To Find Out! 14

What Is The Age Of My House? Here’s How To Find Out!

Questions To Ask Estate Agents When Buying A House 7

Questions To Ask Estate Agents When Buying A House

Differences Between Freehold, Leasehold, and Commonhold Properties 73

Differences Between Freehold, Leasehold, and Commonhold Properties

What Is Stamp Duty & Do Landlords Need To Pay it? 2

What Is Stamp Duty & Do Landlords Need To Pay it?

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