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Is btl still an option for a wage slave who hates heir job ?
But life is short . Don`t let your job determine your general happiness levels
90,000 hours of your life is a long time to do something you hate
You have choices
Look to do BTL but also change your job so you live a happy and fulfilled life
Jonathan Clarke. http://www.buytoletmk.com
Yes there are still some money in BTL but it is not as easy or as profitable as before. However if you have a business idea and are able to bring it to market you can really earn very good money.
As mentioned before find a job you enjoy. I believe a perfect job is 80% enjoy and 20% dislike as there will always be something you dislike doing.
Yes a wage slave can still do it BUT it will depend on how much cash the Wage Slave has behind them to start with
Geographic's is important the closer you are to London the more cash you will need
A new Landlord will have to think hard about taxation and regulation and the effects the Politicians will have on the sector
The easy days have gone ? Its Now a Business and should be run on business lines.
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
If you hate your job, then the first thing to do is address that imho!Do you love property but do not have the necessary deposit to get started?If so, why not see about starting out in the property sector and building your knowledge and business via lettings and property management?You will then have a ready-made scenario to manage your own properties when you have raised enough cash to buy them.Keller Williams is one of the world's most successful real estate agencies in the world and recently launched in the UK. They are looking for entrepreneurial individuals to join their growing success.You can become a self-employed lettings business owner within their hub, using all their infrastructure. It costs a few hundred pounds to join.See - Property Tribes welcomes Keller WilliamsAlso this recent article may be of interest.Forgive me if this suggestion is not appropriate to you, but I thought it worth mentioning, and even if not appropriate to you, it may help your thought processes in respect of finding a way forwards.*Transparency notice: Keller Williams is a commercial partner of Property Tribes.
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
Thanks for the mention Vanessa and yes, this is potentially a good route into property if you have the time and energy to grow a business alongside a BTL portfolio. I did this myself many years ago; being interested in BTL as an investment led me to looking at various business models, growing and ultimately selling a business and accumulating a BTL portfolio outside of business and work. The Keller Williams model is interesting due to it's low entry cost and flexibility.Please do not hesitate if you have any questions on the KW business proposition. - Nick Harris