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.

No matter what is happening in this world today, whether there’s an industrial revolution or a killer viral infection on the loose, industry sectors are both booming and sinking. And as it so happens, 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 invest in property, while the global economy is burning to the ground in front of our very eyes.

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 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 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.

Can I Rent Out My Flat? Here’s What To Check… 0

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? 0

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

How Do I Rent Out My House? The Guide To Renting Out Your House! 0

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 in 2020! 0

36 Practical Tips ALL New & Accidental Landlords Should Know in 2020!

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 Shit 10

Warning: It’s The Estate Agents Job To Sell You Shit

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 112

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? 2

Can You Be Too Old To Invest In Property?

I Can’t Find A Suitable Property To Buy 1

I Can’t Find A Suitable Property To Buy

How To Extend Your Property Lease 96

How To Extend Your Property Lease

I Avoided Buying A Property That Needs Renovating 4

I Avoided Buying A Property That Needs Renovating

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

Can You Approach The Home-Seller Directly Without The Estate Agent?

My Property Investment Strategy 39

My 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

There’s Never A Bad Time To Invest In Buy-To-Let 1

There’s Never A Bad Time To Invest In Buy-To-Let

Tip: Buy The Ugliest House On The Street If It Makes Financial Sense 0

Tip: Buy The Ugliest House On The Street If It Makes Financial Sense

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

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

Guide On Listed buildings 1

Guide On Listed buildings

4

Guide On Property Crossover Leases

Flipping Property For A Fortune 3

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 1

The Dangers Of Buying A House With An Extension

Simple Guide To Buying Off-Plan Property 7

Simple Guide To Buying Off-Plan Property

Sarah Beeny’s Property Renovation/Development Tips 1

Sarah Beeny’s Property Renovation/Development Tips

4

What Is A Flying Freehold Property?

What Is The Age Of My House? 14

What Is The Age Of My House?

Questions House Buyers Should Ask Estate Agents 7

Questions House Buyers Should Ask Estate Agents

Differences Between Freehold, Leasehold, and Commonhold Properties 72

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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