It can greatly increase your multiple streams of income if you can use a certain sum of cash that you have available to invest in more than one property.
Flats being cheaper than houses allow the investor’s cash to buy more with that certain sum of money held.
Generally more is better because if one flat is unoccupied you are still generating rental income from your other flats.
Refurbishments / renovations / alterations / improvements are done on a smaller scale which generally should be much simpler and faster. Labour and material costs will be reduced. (please note and be aware that if the renovations are more than a simple refurbishment i.e. coat of paint, new carpets or flooring etc and becomes more than simple cosmetic work please enquire if consent from freeholder / planning permission is required). Try to stick to simple, fast, cost effective and tenanted. This is a good mix to successfully increase your financial rewards.
When you do more complex alterations / improvements and move away from the quick cosmetic refurb your labour and materials costs increase and the time that the flat is unoccupied increases - actually ‘costing’ you money because you are receiving no rental income to pay your mortgage loan.
If you feel the better rental income you would achieve after the work is completed definitely warrants the extra costs to do the improvements / alterations - well that is what you do (with whatever permissions / consents required and necessary). Property investing is a world of choices and decisions - both big and small. #wealthy#wealthbuilding#wealth#learning#debt#education#entrepreneur#entrepreneurlife#entrepreneurlife#entrepreneurquotes#entrepreneurgoals#realshit#realestate#realestateagent#relax#regret#keithbriers#southwest#devon#property#properties#propertymarket#businesstips#businessinspiration#inspire#investor
With mortgage commitment rates at historical lows, you owe it to yourself to talk to a lender and see how much home you can afford before paying next month's rent check. Once you figure out HOW MUCH, I can help you pinpoint and target the WHERE across Alameda & Contra Costa Counties.
I can put you in touch with one of the fine lenders and mortgage professional I work with across the Greater East Bay. From VA loan specialists to refi mavens and investment gurus, let me know what you're in the market for and I can connect you with members of my team. ● LOOKING TO BUY OR SELL A HOME IN THE EAST BAY? I can help! Visit: www.carlosfcamargo.net or CALL 510-798-5016
The Internet Can’t Replace Your Agent 🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸🔸 We live in the information age; the Internet offers advice on every topic and real estate is no exception. With more and more home buyers starting their home search online, they are bombarded with advice and information – it can be easy to think that you can learn everything you need to know just by reading articles online. —————————————————————The truth is your real estate agent does much more than answer your questions and open doors with a special key. A professional real estate agent will be there every step of the way. They have the experience necessary to navigate the complicated home buying process and solve common hiccups that present themselves in every real estate transactions. Your real estate agent is a local professional. They will start by presenting themselves to the buyer’s agent as someone who will work with them to see the transaction through to a successful conclusion. They have a network of professionals who will work as a team to help you through the process. These include such professionals as: lenders, title reps, escrow officers, transaction coordinators, home inspectors, contractors and handymen, among others. —————————————————————Most importantly, your agent is your ally in the home buying process. They negotiate on your behalf – armed with experience and understanding of customary charges, costs and terms. They will ensure that the price you pay for the home is fair for the condition and neighborhood. They will negotiate repairs, if needed and make sure you are protected with the proper contingencies. The Internet offers lots of great information, but the most important step you can take when buying a new home, is hiring a local professional real estate agent. Their knowledge and expertise can’t be found by reading an article or two online.
Better Service | Less Commission 🏠 List For Less Realty
Susan Dorroh, Broker/Owner
📱 601-201-8783 📧 firstname.lastname@example.org 💻 www.listforlessms.com 🌇 Brandon, Madison, Flowood, Jackson, Clinton
2 63810 hours ago
✨Just Sold ✨
🔑359 El Faisan Drive
I could not be more excited for my client to make this two story townhome her home this Memorial Day weekend! Located in a gorgeous community in San Rafael, this two bedroom, high ceiling gem is truly something special 🌸. Can’t wait for the housewarming! #MarinLife#JustSold#MarinRealEstate#BayAreaRealestate
5 38810 hours ago
Man suffers more from imagining too little than too much.