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How to Get Started in Buy to Let
· Do
as much research as you can.
· Find
out what properties are really selling for. This
may differ from what they are being advertised
for! A good way of doing this is by contacting
estate agents and researching on the internet. A
good way is to look at property house price
websites. For example:
OurProperty.
· Find
out What is the level of demand for rental
properties in the area you are looking at.
· Do
a Test Advert before you’ve even bought an
investment property
in the area you are considering. See how many
enquiries you get and that will give you a good
idea of the demand before you have even
committed to a purchase and it could cost you
from as little as £30. A lot less than a good
few thousand pounds!!
· What
type of property is most in demand for rental.
For example, if it is a university city, then
the demand for shared student accommodation may
be much higher than property for professional
sharers.
· Find
out what rent is being achieved on those
properties and the likely time to get the
property let out. Speak to letting agents and
local businesses that may be letting properties
already in the area.
Raising deposits for your
investment properties, may be easier than you
think by releasing equity from any of your
existing properties—Ask a
Buy to Let Expert How.
Happy Hunting for that Perfect
Investment Property
….
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