Newcomer Support on construction training?

by Readers Question

16:33 PM, 12th October 2016
About 2 years ago

Newcomer Support on construction training?

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Newcomer Support on construction training?

I recently began investing in property after I received a large inheritance and I have some friends who are very successful property investors in the North who have found me 2 properties so far.construction

I am wanting to grow my portfolio quickly and begin sourcing for myself and have read that it is much better to learn on the job than do courses.

My concern is that I have no building or construction knowledge and so it is difficult for me to judge the condition or approx refurb costs of a property I may view. What do you recommend? Is there a course I can do to learn more about construction so I can make the right judgement? Or should I build a relationship with a trusted builder who can come to viewings with me and help me make the decision?

Thank you in advance!

Natalie



Comments

Sara Webb

19:46 PM, 12th October 2016
About 2 years ago

dont worry about courses, you would be on one for the rest of your life to learn everything you need to know. Finding a good builder is worth its weight in gold, then ask ask ask and do do do, I built a house and it is amazing how much you learn. If you dont understand do your research, and remember if its too good to be true it usually is. Get to know the area you want to develop as your BTL portfolio, pick the brains of estate agents, dont trust surveys, never had one that was any good yet, if you look at a property, look beyond the obvious, take a torch and look into nooks and crannies, at the end of the day it is your money and people will always have a hand in your pocket for some of it, trust your instincts if you dont feel right walk away there is always another deal


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