Have you ever thought that when you have been out viewing a buy to let investment property? It can be frustrating, even scary, thinking you’re making decisions about spending multiple tens of thousands of pounds, and you’re not quite sure what you are buying into. Or even if you should…
Who am I?
Before I go any further let me introduce myself. I am Peter Jones, ex-Chartered Surveyor, author and property investor. I’ve been renovating property since 1995 and I’ve literally lost count of how many properties I have renovated.
As I write this I currently have 3 projects on the go and another one in the pipeline. Typically these aren’t big, flashy developments, mainly they are normal residential houses, like terraced houses and semis, for which I know there is a ready market when I finish the project. It’s bread and butter stuff, I buy the property and usually pop them onto the market 3 or 4 months later and collect my profit. Nice and easy. Nothing complicated.
Some I keep, hold and rent out. If I want to take my profit out, I’ll refinance. The others I sell-on at a good profit.
There’s no reason why you shouldn’t be doing the same and making profits of your own.