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  • Buy-to-Let

    How many properties & in what timeframe?



    Hi All,

    I was speaking to my estate agent yesterday on the housing market, rental market etc. and I asked them out of all the landlords they deal with, do any have more than 20 properties? I was quite surprised when he told me one has 105 properties! To me this is quite an achievement and something I admire!

    If people on here don't mind sharing, I would be interested to know how many properties people have and how they did it? How many years it took them and what made them get into property?

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    5. Went contracting to build up some money. Took me 2 years so far

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    We're on 3 now. Just ticked over our 1 year anniversary. Onwards and upwards.

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    6, all 1 or 2 bed flats, been in property about 2.5 years, trying to retire from day job!

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    What's more important to you Landlord123, the number of properties you own, or the equity in those properties?

    Personally, I find the question "how many properties do you own" completely irrelevant. Simply take a look on one of the posts the other day where some poor landlord has 42 properties, but he is in negative equity. Is this something you would want to aspire to?

    Forget about how many properties you own, but focus, or aspire, to building a sizeable portfolio with decent cash flow and positive ROI

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    Hi there

    I have twenty - bought my first in 2002 but have not bought for a few years as I've been concentrating on building our letting agency and helping other property investors build up their portfolios, My business partner has 45 and is still growing.

    In response, to ncooper1974 - absolutely right - it's not just about how many properties you have but are they all in positive equity and generating a good return (which all of ours are.)

    On the other hand, just having one or two properties is far more stressful than having, say, ten as it spreads risk. If one of twenty properties is empty, you hardly feel the impact. If one of two goes down, you've lost 50% of your income overnight.

    Ed

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    LETS MAKE HOMES by treating landlords as partners, tenants as customers & every property as our own."

    http://www.letsmakehomes.co.uk

    When you are starting out having a target no of properties is quite normal. We wanted to get to 10 and then stop and sit back, but we got to 10 and just couldnt stop, the same when we got to 100. When the credit crunch came we saw lots of friends lose their whole portfolios because they focussed on quantity not quality. Now, we review every property when it becomes empty and ask ourselves 3 questions:-

    1/ How will it fare in the next crash.

    2/ What ROI are we getting

    3/ How much hassle has it given us with tenants/maintenance/repairs

    4/ Is the area on the up or the down

    We rate each answer 1-5, 12 or less and we will sell it, 12-15 and our decision will be swayed either way depending on a couple of other factors, 15 or above and its a keeper.

    I would focus on the return you want, that way you cant go wrong. I know people with 1 or 2 that do incredibly well, one in particular owns a small industrial park with 5 tenants, he has no borrowing and a rent roll of seven figures.

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    Phil Stewardson.

    Stewardson Properties.

    Stewardson Developments Ltd.

    Burson Land Ltd. & Jennings & Gilchreaste Ltd.

    http://www.stewardson.co.uk

    Follow me on twitter - @philstewardson

    Hi Phil

    Your domain name doesn't appear to be working/online/responding

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    No, i know. The site is being re-designed, so temporarily its at https://www.stewardsondevelopmentsltd.co.uk  There is supposed to be a banner re-directing, i will chase it up.

    Thanks for pointing it out though.

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    Phil Stewardson.

    Stewardson Properties.

    Stewardson Developments Ltd.

    Burson Land Ltd. & Jennings & Gilchreaste Ltd.

    http://www.stewardson.co.uk

    Follow me on twitter - @philstewardson

    A server side temporary redirect might be better than banner?

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