Buy to let properties
Buy, refurbish, refinance
Buy, refurbish, refinance
The benefits for a buy-to-let property include a stable income from rental cash flow, as well as an accumulation of wealth if house prices go up over time. Rising house prices in the UK have made “ready to move in” buy-to-let a popular way to invest.
Buy, refurbish, refinance
Buy, refurbish, refinance
Buy, refurbish, refinance
This is a great way of recycling your deposit and building a large property portfolio quickly. This strategy involves buying a property, typically below market value because it needs work done to it, you refurbish the property, ideally, you replace such things as the kitchen, bathroom, carpets, etc.
After work has been done, you refinance the property to its ‘new value’ and hopefully added enough value to pull most, if not all your initial deposit and refurbishment costs back out. After refinancing, you would then rent the property giving you great monthly cash flow.
Alternatively, instead of refinancing and renting you can sell the property for a nice cash profit.