BTL passive startup but now seriously commited
Firstly, I have to say that I have only been landlord for 3 months but already use this platform every single day to try and figure out my next steps in building my property portfolio and cost savings.
I acquired 2 BTL’s, a 2 bed and a 3 bed house in last 3 months with 75 % LTV mortgages in good condition for passive investing and rented them through agents with a long term less work involved plan. Since then my personal circumstances have changed and I now have more time on hands and am willing to commit to this as a active business but struggling to choose the right path.
I have about £100K equity in my main house which I wish to release to invest in 2-3 more properties. The options I have are HMO or similar 2 or 3 bed houses for family renting as my current BTL’s.
Is it worth at this stage to get consultancy for me or am I playing here with too small an investment and options to make it a serious business and should wait until I have more equity.
Thanks in advance.
Aman
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New Landlord help needed please
Member Since January 2011 - Comments: 12255 - Articles: 1477
8:39 AM, 19th August 2014, About 12 years ago
It is better to get advice before you think you need it than it is to seek advice when you know you have a problem. Please see >>> https://www.property118.com/consultancy-mark-alexander/61522/
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