Housing Property Investment Strategies.
You can seek to make money out of housing in a number of ways but first you need to think about your options and how they fit with your personal traits.
Investing in your own home may be the safest for those who want to start an investment process. At the other end of a buy to let scale is the ownership and conversion of a property into a Home of Multiple Occupancy or HMO. In all sectors there is the opportunity for wide-boys to operate and new comers should do careful research.
Self Help
The size of investment you make in a property means you do not want to get it wrong. Particularly you want to protect your initial nest egg. You can’t avoid mistakes but you can reduce there impact or incidence by checking out the best advice at an early stage.
There are many self-help books on the market and it is easy to be cynical. If the authors have done so well investing why turn to publishing their secrets. Never the less we may learn what to do and more useful what not to do by consulting such tomes.
Wage Slave to Financial Freedom: How the Right Property Investment Strategy Helped a First Time Buyer Escape the Corporate Rat Race by Neil Mansell from amazon
This book is Neil’s story of how he made the transition from corporate life to running his own highly profitable property business. In it, he charts his fears, how he overcame the challenges that faced him and shares the moments that made all the difference between failure and success.
In this book Neil shares the secrets of his own investment strategy and gives useful and practical insights into how anybody can follow the same route and build up a successful HMO business from scratch for themselves. I am involved in property myself and I was not really aware of how successful an HMO strategy could be.
The book tracks the growth of his business from scratch, and contains practical business advice that can help budding entrepreneurs on their way, as well as showing how a really strong business model can be built on his investment strategy which even the most successful property developers can pick up a few new ideas from.
Even if property isn’t your thing but you like a good success story, you’ll get a real motivational shot in the arm from reading this
As well as giving lots of tips on property investing, this book is a fascinating account of how to make a career change
The 7 Biggest Mistakes Made by Property Investors and How to Avoid Them by Steve Bolton and Nick Carlile Amazon
Homes in multiple occupancy (HMO) may be the way to go. This book is a bit self serving but it questions if the standard “buy to let” is the way to go and introduces you to the advantages of actively managing properties that are let on a per room basis to professionals.
What it does do exceptionally well is change the way you think about investing in property. It is a very good starting point to your research.
Check out The Upsides of Property Investing here
and The downside of Property Investing here
Invest in Your Own Home
Investing in UK property
