Anyone wondering where to put there money these days is faced with a real dilemma , but property will always be a winner in the long term if you follow the basic rules
The basic initial question is to decide what sort of landlord you want to be ..then
1. Buy in the right location
Cities like Manchester , Leeds , Birmingham are over stocked with apartments so unless the property is prestigious ..stay away.
Instead go for second and third tier cities ...and look to the north if you can buy 2 bed houses where they are still being built.
2. Buy at the right price/ negotiate! - not always the same thing.
3. Ensure that your price paid / deposit to yield ratio is good and protects you from any short term changes ..like a rise in rates
4. Be picky about who you rent too
I have a policy of no one under 50 .....but often get surprised , but my general rules are worth sticking too
5. Property is easy to buy and takes forever to get out of .....this is a medium/long term investment ...don't think otherwise or you will be disapointed
6. Get properly insured ....proper buy to let insurance
That's it really I am sure others will have useful nuggets of advice ...but I just stick to the basics
