Mike's advice on choosing the right investment property

As a potential landlord the search for your first (or even your second or third) investment property, can be overwhelming.

Do you have an ulterior motive for the property? Or are you thinking of going down the HMO route? In this video Mike explains why its important to think about the following when choosing your investment property

Purpose: Understand why you're investing, is it for long-term growth, short-term gains, or other reasons like accommodating family members?

Goals: Determine your investment objectives, do you seek high yield or monthly cash flow? This will shape your property choice.

Experience: Assess your level of experience,are you a first-time buyer or a seasoned investor? Your expertise will influence the type of property you should consider.

Time Commitment: Consider how much time you can dedicate to property management. If you prefer a hands-off approach, certain property types may be more suitable.

Property Type: Decide on the type of property that aligns with your goals—options include modern apartments, student lets, or HMOs.

Location: Determine whether you'll buy locally or explore properties in other areas, considering factors like rental demand and growth potential.

If you have any questions, get in contact on the details below:

Call us on 01344 249 500  or email us at hello@avocadopropertyagents.co.uk

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