10 things absolutely everyone should know before they start building a property portfolio

Here are my top 10 tips for building a successful property portfolio

1.   Do your due diligence and carry out as much research as possible.
2.   Location, location, location.
3.   Remember that this is an investment, you're not looking for a home that you would like to live in yourself.
4.   Always go for growth if possible so you can refinance and buy again to keep building your portfolio.
5.   Don’t buy anything smaller than 450 square feet.
6.   Get to know the area you're looking to buy in - visit the shops, pubs and restaurants and speak to local people Ask them if it's safe at night, enquire about the schools etc, local people will tell you everything and these are the people who will rent your investment property.
7.   Look for easy access to motorways, train stations and public transport links.
8.   Always have a buffer or slush fund and increase it as you build your portfolio, this will cover for example, lack of rental or repairs or any mortgage increase and will let you ride any storm.
9.   Research on rentals within the area and take £100 off to make sure you get it spot on.
10.  You should not buy your first buy to let investment if you are not prepared to give it 5 to 10 years. Above all, have fun!

For more information download our FREE 31 page investment guide from www.midasestates.com 

Bath School well received

We had a great school at the Bailbrook House last week and we asked Terry Baar our favourite photographer and also client with 3 properties to come and take some shots of the school. Mark Regan gave his testimonial and the response from our IFA audience members was very good.

Thanks to Robert Curwen-Reed of Rock IFA and David Lossl from the Really Useful Mortgage company for hosting the event and we are now progressing with helping several new clients with their free appraisals and getting them on the road to financial freedom through property.

Here are a few photos from the event:

 

We are very excited about the way our schools are going and our recent one at Cardiff City Stadium was also well received and many more mortgage brokers are IFAs are very happy to recommend us as a result because at last its a wholistic service that offers their clients access to property as an investment class - but without all the hassle.