How to start your property investment business
Whatever your personal situation, you can start a property business. The trick is to find the right strategies to suit you.
You may have plenty of cash but little time. Or loads of time but very little cash. There are plenty of property investment opportunities out there to suit both scenarios.
Types of property investment
These are just a handful of the property investment strategies available to you. A good starting point is to read some of the informative articles we’ve written and perhaps take one of our courses if you feel inspired to take the next logical step.
And it’s worth noting – there are plenty of investment options that don’t involve you buying property yourself.
Try property sourcing
You could begin your property investment business by property sourcing. This would involve finding potentially lucrative property deals and selling them on to investors for a fee.
It isn’t easy to find below-market-value property deals for investors, but you may discover you have a knack for it. And it will certainly help you in the long-term if you can build up your skills in this area. Property sourcing is also an ideal way to create a useful network of contacts.
Start close to home
If you have no capital to start a business, you could try looking closer to home. Perhaps you have a house that’s too big for you. Maybe you could consider dividing it into two properties and renting out half?
Another good ploy is to take advantage of your local knowledge. Look around at what’s on your doorstep. You have all the local information on transport links, industries and schools/colleges/universities at your fingertips.
Keep an eye out for reasonably priced properties that are bound to go up in value. And if you do decide to invest in a buy-to-let, it will be easier to manage the property yourself if it’s nearby.
Put together joint ventures
Rather than going it alone and finding the whole deposit or buying a property outright, it can make sense to put together a team of investors.
Joint ventures allow you share the financial burden and the workload. You also gain a wider range of knowledge and experience when you bring in other people – and a joint venture is a great way to make your money go much further than it could otherwise.
Find your passion
Take your time to read about various property strategies and see which ones excite you the most.
You’ll find that your personal assets and skills may point you in a particular direction. Your obvious next step is to find professional partners to complement and enhance your own attributes.
Seeking out reliable builders, architects, solicitors, letting agents, and accountants will not only help you to maximise your profits – you’ll also be able to build your property investment business much faster.
Our property mentors can’t wait to show you how to invest in property
3 Days and 12 Strategies
The Property Foundations course will help you understand the different property investment strategies you can use in today’s property market.
Dates: 1, 2 & 3 June 2018
Venue: Park Inn Hotel, Heathrow
Pre-register for your early-bird ticket here and receive up to 30% off