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Buy to let property investment - How to become a buy to let landlord
Buy to let property investment - How to become a buy to let landlord
Becoming a buy to let investment professional has become a popular way to ensure a comfortable retirement income as the returns are far better than savings returns or annuity rates which are historically low.
Oxford,
Oxford,
United Kingdom
(sardnews.org)
07/12/2012
Becoming a buy to let investment professional has become a popular way to ensure a comfortable retirement income as the returns are far better than savings returns or annuity rates which are historically low.
Collecting rent isn't always easy, and falling house prices can dent hopes of capital growth. In addition, there is administration attached to being a landlord - for example your property will need to meet the legal requirements in order for you to rent it to tenants - it needs to be Gas Safe, and Portable Appliance Testing (PAT) documents to name a few.
However, the credit crisis has meant that there is much more demand for rented accommodation which is worked in the favour of landlords to a huge extent.
David Humphreys is a buy to let property investment expert and promotes good practice in property investment. He offers consultancy, mentoring and advice to buy to let property investors whether they are novice or professional investors looking for financial freedom through tried and tested buy to let strategies. He says:
"Whilst I would advise any investor to invest in well located good-quality ex-local authority property after carrying out thorough due diligence both in respect of the location, neighbourhood and tenant demand plus buyer demand for when the investor wants or needs to sell.
"One of the criteria that should be applied to buy to let is that the property type and location is always the 'first choice' of the prospective customer, the tenant.
"There are really good opportunities for people to boost their pensions by becoming buy to let investors but, unlike straightforward investments such as stocks & shares, buy to let requires extensive due diligence and ongoing application and management of a range of skills to realise the expected returns which make buy to let at first sight very attractive.
"When the yields quoted are expressed as a percentage of the cash invested the return on cash increases substantially where a substantial part of the cost is borrowed but high loan to value mortgages whilst increasing the paper returns carry higher risks. Thorough due diligence in all aspects of the investment is therefore vitally important."
Notes to Editors
David Humphreys aims to make buy to let safer for investors by promoting good practice and quality housing. I offer consultancy services, investment strategies and advice on financial freedom, investment education, armchair acquisition and one-to-one mentoring. His website provides links to being a good landlord, letting quality properties, using reputable suppliers and also attempts to teach what, in my opinion, is good practice. He is also author of 'Investing in Residential Property'. To hear David Humphrey's audio about buy to let property investment, click here.Click here to find out more about David Humphreys.
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About David Humphreys
David Humphreys aims to make buy to let safer for investors by promoting good practice and quality housing. I offer consultancy services, investment strategies and advice on financial freedom, investment education, armchair acquisition and one-to-one mentoring
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