As more and more of us look for better ways to secure our financial future than investing into stocks and shares or relying on our government to provide for us in our old age, so interest in purchasing property as an investment asset is increasing.
After all rarely do careful investments made into real estate lose a purchaser money, whereas all too often investments made into pensions companies or on the stock market fail to come to fruition – is it any wonder therefore that more people want to know how to build a profitable property portfolio?
Here are ten top tips that expert property investors abide by when looking for property that they can do up and resell or rent out for profit. If you want to learn the tricks of the trade then read on
1) Speak to letting agents and do your own research, find out how much rent you think you can comfortably get from a given property type in a given location. With that figure confirmed and in mind never pay over 100 times more than the monthly rental figure for a property. I.e., if youre sure a property will return you GBP 700 a month do not pay more than GBP 70,000 for that property and you will then achieve...