Should you become a full-time property investor?

This week we’re discussing one of the most common ambitions of property investors: quitting their job and being full-time in property. It’s something a lot of people want to do…but what is the reality like?

We talk about:

• The two main reasons why people want to be full-time investors – and why one leads to more success than the other
• The important distinction between “full-time landlord” and “being full-time in property”
• The mortgage issues that being full-time can create
• The benefits of a property portfolio as a safety net
• And a whole lot more!

Resource of the week

We’ve shared several similar resources in the past, but Homecheck is one of the best: a tool that brings together all kinds of different information about an area when you enter a postcode.

As well as crime, demographic and local council information, it also use useful guidance about environmental factors like flood risk. Well worth bookmarking as first port of call when investigating a property in a new area.

News this week

We’ve known for a while that the Bank of England wanted to get involved with regulating buy-to-let, and their first proposals were released this week. This Telegraph article has a good summary of the main points.

Maybe we’re just used to expecting the worst now, but it doesn’t seem as restrictive as it might have been – although we’ll have to wait and see what’s finally decided after the consultation period.