Property Strategies to consider
- Property Sourcing – start sourcing property deals for fee (average fee £3000)
- Rent To Rent Service Accommodation– rent property from landlord and advertise as holiday let (average £500 profit per property)
- Buy To Let – straightforward strategy. Buy property and let it out (not much training required)
- Buy Refurbish Refinance Rent – learn how to recycle your money (minimum return on investment 20%)
- Lease Option Agreement – agree to buy property now but pay for it in time (great for immediate cashflow)
- Raising Finance – not a strategy but important part of property business
Buy Refurbish Refinance Rent Strategy
This strategy is more complex. Great thing about this strategy is that you can recycle your money and this means you can buy more properties as you are adding value to those properties.
You will need to understand how to find the right property deal.
You will need to learn how to calculate refurbishment costs. Dealing with builders. (sometimes tough gig😃)
Understanding your area – very important to know how to predict GDV (gross development value), which is crucial in order to get as much money back from deal as possible. More money needed for start. (Starting from around £50,000)
Does it feel like the right strategy for you?
Property MentoringLease Option Agreement Strategy
This strategy is not as common. It is usual last resource for landlords. You can agree price today to buy and pay later and in a meantime you will benefit from cashflow from this property. It is not as easy to find these deals. Needs a lot of effort but when you find the right deal, very minimum investment. As low as £2000. Average cashflow starting at £300/month. Seems like something for you?
Property MentoringRaising Finance
This is not a property strategy but important part of property business if you want to grow your portfolio faster. Leveraging other people money to buy properties is great way to accomplish huge cashflow in short period of time. No need to do it old school way and build property portfolio in 20 years. Build it in 2 years!