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Showing results for tags 'btl strategy'.
Morning all Just wanted to ask for some advice off anyone who is a few steps in front of me or is where I want to be. I am a 20 year old electrician and have been studying about property investment/ development for about a year or two simply just reading books, articles, forums you tube videos etc... My best pal and I (who is also and electrician) have decided to partner up on our property investment journey as we both have very similar if not the same goals relating to where we want to be and also feel that we would work very well with each other. We both live in Caterham surrey and betw
Hi guys, My partner and I live in London and we don't have a residential property yet, we are still renting out. We want to get into property investment and we are wondering if any of you has done it while still being a tenant. As far as we understand, one of the lender's requisites for a BTL mortgage is to own a residential property first; is this bound to be much of an issue if not the case? We see two options: Buy a residential property first (so expensive in London) and then start with BTL as a second step, challenge of this is that it may take much longer to save due to p
Hi guys, I recently moved back from New Zealand, and I’m just starting to build my portfolio in Scotland. I would greatly appreciate someone reviewing my plan and poking holes in it. My strategy is to buy at a discount, renovate, and then refinance after 6 months (pulling most of my cash out). My goal is to reach £2000 in passive income in 2 years. I drew a picture of my plan as it probably provides a better explanation than my ramblings below. I have a starting pot of £160k from the profit of selling my BTL portfolio I built in New Zealand. I will be