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
Showing posts with label ian clark robin campbell Midas Estates property school. Show all posts
Showing posts with label ian clark robin campbell Midas Estates property school. Show all posts
Thursday, 24 March 2011
Tuesday, 15 February 2011
Newquay rentals up by 86% since this time last year - says BlueChip Holiday Vacations
Speaking to one of our favourite lettings sources this year at Newquay and across the south west - we heard some not too surprising news - but to some this might make a jaw or 2 drop. Here is what they said in a press release today.
Blue Chip holiday boomPublished Tuesday, February 15th, 2011
Self catering holiday homes specialist Blue Chip Holidays is reporting bookings up by 86% compared to the same time last year.
The company has 800 holiday homes across the south west, Wales and the Isle of Wight, 40% of which are in Cornwall.
Bookings in Newquay, where the company has over 160 properties, have risen 158%, while business is also growing rapidly in St Ives and Looe, with figures up 231% and 161% respectively.
Blue Chip MD Alan Taylor commented: “2010 was our busiest year to date and 2011 looks like it has all the makings of another record-breaker. We’re already seeing a number of our most popular holiday homes, coastal apartments, cottages and lodges booking out for the summer months, and we’re boosting our portfolio of high end self-catering properties to cope with demand.”
Looks like Midas rentals are going to be very strong and it is reflective of people's choices to stay in the UK for their holidays to keep costs down and stay local.
Blue Chip holiday boomPublished Tuesday, February 15th, 2011
Self catering holiday homes specialist Blue Chip Holidays is reporting bookings up by 86% compared to the same time last year.
The company has 800 holiday homes across the south west, Wales and the Isle of Wight, 40% of which are in Cornwall.
Bookings in Newquay, where the company has over 160 properties, have risen 158%, while business is also growing rapidly in St Ives and Looe, with figures up 231% and 161% respectively.
Blue Chip MD Alan Taylor commented: “2010 was our busiest year to date and 2011 looks like it has all the makings of another record-breaker. We’re already seeing a number of our most popular holiday homes, coastal apartments, cottages and lodges booking out for the summer months, and we’re boosting our portfolio of high end self-catering properties to cope with demand.”
Looks like Midas rentals are going to be very strong and it is reflective of people's choices to stay in the UK for their holidays to keep costs down and stay local.
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