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I compete with myself
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**
I know you posted this over three years ago now, but loved the honesty in your post.
Where are you now in your property journey?
Year 1 into my property journey
Thanks for bringing the post up and your comment. I am still in the business, doing well with its ups and downs. Stopped buying anymore due to section 24, reducing debts, increased rents, simply trying to hold on to all my hard work and avoiding selling unless I have to.
Still employed and doing my crazy shifts, which I don't need to but I love my job due to great perks, salary, pension, medical and most importantly no boss looking over my shoulder also don't take work home.
I am always on top of all required works in my business. It does not need me everyday, sometimes 4-5 problems at the same time. I don't panic but deal with it. Due to the nature of the business, I am still employed which allows my body and brains to stay alert, some pressure and discipline in life. As I said before I am an workaholic, I enjoy the busy life style.
I am also fussy, cleaning freak, particular and efficient. Just like majority of us here do all my house chores and a great cook. Busy bee, no friends, a loner and knowingly let others take advantage of me as long as it does not hurt too much and keep low profile too.
What are you up to apart from the recent purchase? What you said in your other post about flipping, renovating, they are all good but you really need enough experience and hands on knowledge to get into it, otherwise nothing but hard work with a huge financial loss and stress.
Take a baby step and do what you are comfortable with then after achieving push your boundaries a little.
Great to hear you're still successful in property and living the lifestyle that many of us can only dream about.
Apart from being a good cook, you sound exactly like me...very scary!
Due to the fact that most of my funds went into buying and renovating my first BTL, my options are somewhat limited now. I did attempt 'creative' options into property, but I feel that the more traditional methods such as flipping and developing suit my goals, my drive, my lifestyle and more importantly my personality.
I will aim to get into managing properties for other landlords, so that I can gain experience and bring in another income via this route. Once, I have enough funds (not sure when that will be), I want to buy, renovate and sell a property. As you suggested, I will be buying small houses possibly 'up north' that I can afford and will aim to keep doing this to build up my 'capital pot'. I do not need to release funds from my business account as a salary, so I will keep reinvesting this into the next project.
The above seems like it might be like a realistic aim / goal for me, but I have had a minor set back that has dented my confidence and bank balance a little bit...but will keep trying.
I will also look to create a regular meet up with like minded individuals, as keeping that type of company can only be a positive for me and my goals.
Not sure if you mentioned it in your posts earlier, but what part of the UK do you buy in or do you not focus on any specific area?
Hi Amit,It is so wonderful that you came back to PT years later and up-dated your story!Well done for your achievements, your resolve, your determination, and your attitude.Thank you for such an inspirational start to my day! Supporting people like yourself is why NIck and I started this site. You personify the spirit of entrepreneurialism. I tip my hat to you! x