How to Get Into Property Investment

Buy-To-Let is a fascinating prospect for new investors. Becoming a landlord is enticing due to the multiple income streams: long-term and short-term tenancies, equity gains, consistent rental income and potential tax allowances. With rental demand at an all-time high, and the ability to access good deals by buying into developments like off-plan properties, profits from property investment have been proven to outpace other forms of investing. There has never been a better time to start your investment journey. 

What Property Investment Is

Property investment is a method to buy or invest in residential or commercial property or developments and generate rental income. It also allows investors to own assets that can be leveraged to create revenue streams or profit from selling the asset itself.  No special training or licensing is required to buy and rent property, meaning almost anyone can start building their portfolio.

Investors frequently create a solid wealth strategy by building a carefully chosen portfolio of profitable rental homes.  Owning property can be a long or medium-term proposition; some investors hold onto their property for years and amass a solid collection of rental homes. Others invest in selected properties for a few years and then sell to make quicker equity gains. Your chosen strategy should depend on the market, budget, and long-term goals.

What Property Investment Isn’t

Property investment is not a get-rich-quick scheme. Rather, new investors will require an informed and well-planned strategy to meet financial goals. This is made easier with the guidance of experienced mentors and investors like those at Redmayne Smith. Access to industry information and trends can provide new investors with the necessary insights needed to make shrewd investments and purchase the correct off-plan or new build development. 

Buying and renting property is not always a ‘hands-off’ way to profit. Rental homes require upkeep and maintenance. Tenants will need to be managed, and issues will have to be addressed. However, it is possible to outsource the management of the rental property to an external company or agency. There are also complexities and legalities that come with property management that will need to be handled appropriately to maintain healthy profit margins. 

How to invest in residential property

There are many ways to invest in residential property, and several choices are open to new investors. Property can be bought wholly or in part, or money can be deposited into a larger investment fund. Getting started typically involves the use of capital for deposits, and there are many finance options available. Investors typically have some savings to support them through the initial investment period that can be used to cover property purchase costs, maintenance, restoration, and repairs. 

There are many different ways to invest, and new investors will need to decide which type of property plan best suits their needs. Investment opportunities can include:

• Off-plan developments

• New build homes

• Investment trusts and funds

• Buy-to-let properties

Each of these will be slightly different in terms of the risks and advantages it will bring.  Seasoned investors often build a diverse portfolio with various properties and investment types to spread the risk and achieve the highest returns. 

How New Property Investors Can Ensure Success

Making the right move at the right time makes all the difference, and having the correct knowledge allows investors to make financially sound purchases. Investors who work with us will gain the experience and industry insights our team of experts provides. New property investors will receive help and advice on the best property to buy and pinpoints those investments, which will maximise return on investments. 

Talk to Redmayne Smith today and start your property investment journey.