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Buy to Let? Is it worth it?
My husband has been given some money by his grandfather which has allowed us to pay off our mortgage and has left us some money to invest.
We are both in full time employment, and after watching various tv programs on the subject it looks very appealing, also some of the areas i've worked in have had some very attractive property prices....., However it always looks easy on tv doesn't it!
Can anyone advise us please?
We are in the UK btw.
2 Answers
- 1 decade agoFavorite Answer
I have a friend who ended up buying over $22,000 in real estate classes. Finally, she cam up her her own idea...a real estate club, which she rents out the classes to club member's for free. With a push from me we started the club, but honestly your best bet at investing is finding a great LICENSED real estate agent who is an investor themselves with at least 3 or more properties. If they do not have property they do not know the best way to help you. I say that is like a Mercedes Benz salesman who drives a BMW! I teach my clients 25 by 65! That is, you should own 25 properties before you at 65 years old!
Source(s): Real Estate investor since 1979 - 1 decade ago
Most of those shows don't tell you everything even if you buy their Videos and Cd's. You almost always have to pay thousands of dollars to go to some kind of class. With the housing market the way it is now it would be a good time to buy, but you may have to lower the rent to compete depending on your market area.
