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Showing results for tags 'passive income'.
Hi All, New to Property Hub and Prop Investing in general, just posted an intro within the relevant forum if you'd like to say hi! There's a burning question which has been on my mind since I dipped my toe into property investment (and probably should have sought an answer to before taking the plunge).... The 'Breakeven Point' - How long should it take? Recently i've purchased my first BTL (£68k 2 bed). So as not to bore you, I won't give exact financial specifics, but to summarise: £2k Stamp £5.5k fees (includes sourcing fee) £5k refurb Total initial outlay theref
Hi Hubbers, I'm Matt and taking first proper steps on the property 'journey'. I wanted to make a move back in 2013 but learning from the Rob's and Pete Matthew, I took a step back to build my finances and a safe base. That's now done and realigning my efforts. Based in Stourbridge West Midlands, I'm planning to create a BTL company, forcing appreciation through refurbs then refinancing. The goal is to create enough passive income to quit my job. Stretch target is 45, but at least by 50. I'm a professionally qualified Civil Engineer with construction, site management and design exp