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  • Buy-to-Let

    Confused newbie! Is buy to let for me?

    Could you please tell me if BTL for a newbie is the way to go. 
    I’m so confused if it will be worth it because of new tax changes.
    Many thanks
    Abde.
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    Yes it is - you just needed a nudge to get started

    This is that nudge

    Good Luck

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    Jonathan Clarke. http://www.buytoletmk.com

    Hi Jonathan
    100% right . Thanks for the support. Abde.
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    Short answer:  No. BTL is probably not for you.

    Longer answer: What's your background?

    Age, income, savings, current investments, job, contacts, knowledge, experience.

    It does suit some people.

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    Hi Abde and welcome.

    The answer is very personal to you and your situation, therefore, without knowing a lot more about your circumstances, I can only answer in very broad terms and give general direction.

    We have a lot of resources that address this issue, including videos and articles.

    Here are some links that may help evolve your thinking:

    Is BTL still viable for first time landlord?

    9 irrefutable reasons why property is still a viable investment + Landlord Survival 

    Buy to let still viable starting out in 2019?

    Is BTL dead or am I just late to the party? 

    There are many more links within those links that will take you on a learning journey, so dive in, and become a property sponge!

    Ultimately, you need to decide if you believe in property as an investment, and that you are willing to embark on running a business, and remain in it long term.

    From my own experience, I can tell you that, after 15 years of being a landlord, property has always served me well and I am in a much better position financially than I ever was, even earning good money as a TV presenter.  I'm not going to tell you that it has been easy, but I can confidently tell you that it has been worth it.

    Success is taking sustained and intelligent action on a daily basis, educating yourself, mitigating risk, and constantly pushing forwards.  It's also about getting the right advice and getting a good team of professionals around you to support you - including mortgage broker, tax advisor, lettings agent, solicitor.  All these trusted providers are part of the Property Tribes support eco-system and can be found by clicking the link in my signature or via the banners around the site. 

    Start off with a bog simple BTL terraced house in a good street and close to transport links and amenities and you won't go far wrong.  Build your confidence, knowledge, and experience through baby steps, and recognise that no one ever made a lot of money by sitting on the fence so you have to take ACTION!

    This video series is also a "must watch".



    Monday -  Taking responsibility for your financial future and how to do that

    Tuesday -  Get educated!

    Wednesday - Create your "income engine" and then turbo charge it!

    Thursday -  Build your "wealth pyramid" to future-proof your wealth.

    Friday - Protect your assets within a "wealth fortress".

    I hope that helps for starters.

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    Hi Vanessa.
    Thanks for the reply. Thank God I found property tribes. I would’ve have become a victim by wasting my  time and a lot money in the shark infested waters of “get rich courses”.

    You have shown me that I have a lot home work to do and thanks to you, I can do a lot of it on PT. Thanks again and keep up the excellent work you do. Abde.
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    Thank you for your kind feedback and glad you are finding PT a useful resource.  I was wondering if you could be so kind to review PT on TrustPilot.

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    You also need the right mindset in my opinion, are you a positive person, do you have a can do attitude, can you see the bigger picture not just the issue of the day.
    Personally I think it's worth it as long as you dont just focus on the profit aspect, you have to enjoy it too and ride the ups and downs.
    I have friends who are considering investing, some I encourage some I tell stay clear as it isnt for everyone.
    S24 yes is painful but mainly only if your running the property investment alongside a well paid job.  
    Do some research into how you want to set up your  investment and be very clear on your 1y, 3y, 5y & 10y plan I would say
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    Slowly working towards financial freedom


    Hi Mason.
    Really interesting post and very helpful for me. Wishing you continued success. Thanks again. Abde.
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    It’s not for everyone.  You have to have or develop the right mindset. There will be ups and downs.

    Don’t let the tax changes put you off. I think of them as barriers to entry which means there is less competition for properties as changes like this do put people off and cause existing landlords to leave the market. I’m quite happy to buy these houses off landlords leaving the market at a discount. The tax changes can be mitigagated either by keeping yourself under the higher rate threshold or by forming a limited company if you are over this limit.

    You are thinking about doing it at a perfect time as house prices are going to boom in the next 5 years in my opinion. I have strong evidence to back up my claim that they are going to more than double in the North in the next 5 years.

    My final piece of advice is don’t go on expensive property training courses as this will just confuse you as they like to cover every aspect of property investment. You will part with a lot of money and have learned a lot about stuff you don’t need at the start of your journey. You will be left feeling you have to follow all the strategies they throw at you.

    Keep it simple and take Vanessa’s advice and get a BTL first. You will learn far more doing this than you could on an expensive course that probably will try and steer you away from this option as they can’t make much money with this strategy.


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