Tag Archives for " Buy-to-let property "
The one strategy you need to become a buy-to-let millionaire
Get the best investment results and free your time
A short while ago I spoke with a client who was finding it hard to make the time to invest. He wanted to use a property as his pension saving vehicle but just couldn’t find the time between work, family, and his hobby of golf. In this blog, I’ll explore exactly what you can expect from your pensions when you retire. I’ll also show you how you can carry on doing what you love to do now while making a life-changing investment. You might even become a buy-to-let millionaire. Read More
Strategies to maximise buy-to-let yield and cut tax on rental income
How to use your allowances to minimise tax on rental income
For most investors, property is a long-term investment. According to a report by TotallyMoney.com, gross buy-to-let yields in the UK average 4.17%. In some areas, they are almost three times as high. Gross yields are calculated before tax on rental income and other costs are taken into consideration, so provide the best comparison with income of other investments. Read More
Nine things that tenants want from your buy-to-let property
Never buy the home you want to live in − buy the property others want to rent
I recently met a buy-to-let investor who was experiencing a problem that is unfortunately not a rarity. He was finding it difficult to get a tenant. He’d tried dropping his rental price, cutting it to the bone. Nothing. He hadn’t had so much as a sniff. The truth of the matter is that he’d bought a dud. When I asked why he’d bought it, he answered, “Because it’s just the sort of property I’d love to live in.” He’d bought his ideal home instead of a property that others want to live in. When he carried out his property inspection and due diligence, he’d seen what he wanted to see and not what tenants would look for in rental homes. He hadn’t looked at the investment as a box that makes money. He hadn’t invested in a property that would appeal to a tenant. Consequently, he was left holding a costly baby. In this post, I’ll show you the nine things that today’s best tenants want from a home they rent. This knowledge will help you to identify the diamond properties and dismiss the duds. Read More
The buy-to-let tax implications of being an all-cash property investor
Pay less tax and make a higher return on your investment
Cash is king. That’s one of the lessons that’s drummed into us from a very early age. If you have the cash to make a deal now, a seller is likely to take a lower offer. In most things, I would say this is true, but buy-to-let property investing may be the exception that proves the rule. In this post I’m going to show you why being a property investor with financing in place could be better than being an all-cash property investor. Read More