Hope youโre having an amazing Easter and enjoying time with friends and family as the restrictions are lifted. I was chatting to a friend...
Hope youโre having an amazing Easter and enjoying time with friends and family as the restrictions are lifted.
I was chatting to a friend the other day who was thinking of getting into Buy-To-Let and all he talked about was the money he was going to make.
If you watch enough of โHomes Under the Hammerโ youโd think buying, selling and renting property is dead easy!
Well it isnโt, like all of us Iโve had my ups and downs. When I first started I definitely overpaid on some properties, just desperate to get involved. Had rotten tenants, burst pipes and problems with neighbours.
But propertyโs a long game, you stick at it for 10+ years and by the nature of leveraging your money through debt and house price appreciation โ all those 2% โ 5% increases each year, add up to significant amounts of money.
Iโm not one to sugar coat what we do, sometimes:
- Itโs GOOD โ House prices look like theyโre going to do 5-10% this year!
- Itโs BAD โ Austerity and rental prices stagnating in the North East for 10 years
- Itโs UGLY โ Section 24 and the removal of mortgage relief
But you know what, over the long game โ Iโm going to win from property, Iโm sure of it!
In terms of an ugly situation, we recently had to help a landlord with an insurance job, weโre continually faced with tough situations but you follow the process, use your knowledge and expertise then get it sorted!
See the video below (click on picture), of the landlord whose in a bad situation where all the copper and electrics were stolen from his house๐
Donโt worry weโre in the middle of refurbing this one and will get this through to the other end for the landlord.
Itโs our job to sort out these problems however difficult.
Weโre landlords, we live and breath property, give us a bell today for any sales, lettings or refurb help you need!
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