How do you 10x your money, for instance to turn £100 into £1000? Maybe you want to buy something that costs £1000, you only have £100 and you don’t want to use a credit card. Very sensible.
How to get a Below Market Value (BMV) Property in the UK
You make your money when you buy a property, so buy below market value. This is a common phrase you hear when talking about property investments and is certainly true when discussing the capital gains. It can also be true when you consider mortgage repayments, as the less you pay for the property, the less your mortgage will be.
Continue reading “How to get a Below Market Value (BMV) Property in the UK”
Property Deal Breakdown #2
This was my first property deal and it wasn’t done within a limited company as the others were. There is many a tale to tell about this property, but here are the financial details.
Property Deal Breakdown #1
Here is the deal breakdown on the financials of a property I’ve just completed on. I will do this with all the properties I purchase.
Don’t let fear stop you investing in property
If you spend any time online reading blogs and forums on investing, you will no doubt read about why investing in property is a bad idea. However, there are many benefits and we should take the emotion out of the decision. If you have concluded that property investing is a good idea but you are still not taking the plunge, it maybe that fear is stopping you from investing in property.
Continue reading “Don’t let fear stop you investing in property”
Don’t stop working
In my Financial Independence journey, I started by wanting to get to a position, so that I didn’t have to work again. As time went on this changed so that Financial Independence, to me is the state where I only work on the things I want to. A subtle difference but the distinction is that now I say don’t stop working.
What to do with windfall money
Have you or are you about to come into some windfall money? Do you know what you are going to do with it? Here is a guide of what to do with windfall money.
The 10 best personal finance books
Out of all the personal finance books I’ve read, here the ten which I believe are the best to start you on your quest to financial independence. If you are like me, you didn’t learn about personal finance at school. Your parents hopefully gave you a few nuggets of good advice around living below your means and saving for a rainy day. Everything else you, may have learned about money will have been picked up from society and the media.
As you are reading this blog, you are obviously searching for answers to life’s questions as I was – and still am. Books remain the best source of advice along with trusted mentors. Over the years I’ve read thousands of books on personal development, finance, sales and business.
How to get a tenant to rent your property
Investing in property is a fantastic way of building your wealth and providing a sound base for financial independence. Unless you are planning to flip the property, that is buying and reselling for immediate profits, you will need to find a tenant to rent your property for regular rental income.
In this post I describe the steps to successfully get a tenant in your rental property. All this assumes that you have completed the purchase and you own the property legally.
Continue reading “How to get a tenant to rent your property”
Setting up a Limited Company to buy property in the UK.
Why have I set up a Limited Company to buy property in the UK?
I decided to set up a Limited Company to buy property investments. I had two rental properties in my own name and when I worked out my profits after tax, I was horrified to see that I just about broke even.
Continue reading “Setting up a Limited Company to buy property in the UK.”