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Yes it is - you just needed a nudge to get started
This is that nudge
Jonathan Clarke. http://www.buytoletmk.com
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.
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 thatTuesday - 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.
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**
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.
Slowly working towards financial freedom