By way of introduction, my name is Max, I am a second year Economics student at the University of Kent. Currently, I have taken a year out to work at one of the Big4 accountancy firms to chase a career that I have always aspired to have.
I work within one of the Real Estate teams, and have recently sparked a personal interest in the field.
Upon researching the steps to building a property portfolio, I stumbled upon the article you wrote “My first buy to let property investment” and I am inspired.
Given my current position as a student (with an income this year) I was looking at the probability of actually being able to acquire and develop property and start growing a portfolio.
Reading your article, you made your first purchase in 1989, and it was 7 years later before you actually made your first intentional purchase. I understand that a large amounts of capital is required for these investments to take place, but I feel like 7 years is too long a time span to wait.
Further to your experience, looking back with the knowledge you have now, was there scope to start building your portfolio earlier than you did?
If so, what advice could you give to someone that:
a) has student debts;
b) could potentially have a stable income upon graduation; and
c) wants to get into the property market sooner rather than later as house prices are continuing to increase.
Thank you for the article, it was certainly helpful.
I look forward to hearing from you.