This week we’re discussing one of the most common ambitions of property investors: quitting their job and being full-time in property. It’s something a lot of people want to do…but what is the reality like?
We talk about:
- The two main reasons why people want to be full-time investors – and why one leads to more success than the other
- The important distinction between “full-time landlord” and “being full-time in property”
- The mortgage issues that being full-time can create
- The benefits of a property portfolio as a safety net
- And a whole lot more!
Resource of the week
We’ve shared several similar resources in the past, but Homecheck is one of the best: a tool that brings together all kinds of different information about an area when you enter a postcode.
As well as crime, demographic and local council information, it also use useful guidance about environmental factors like flood risk. Well worth bookmarking as first port of call when investigating a property in a new area.
News this week
We’ve known for a while that the Bank of England wanted to get involved with regulating buy-to-let, and their first proposals were released this week. This Telegraph article has a good summary of the main points.
Maybe we’re just used to expecting the worst now, but it doesn’t seem as restrictive as it might have been – although we’ll have to wait and see what’s finally decided after the consultation period.
It’s meetup day!
It’s the first Thursday of the month, which can only mean one thing: there are 30 Property Hub Meetups happening tonight across the country – and elsewhere in the world!
If you’ve not booked on yet, it’s not too late: click here to see all the locations and book your free ticket.
Also, don’t forget that you can join our mega-meetup at the Property Investor Show in a couple of weeks – as well as meeting us during the day when we’re exhibiting. Click here for all the details.
Join the conversation
Do you want to be full-time in property – and if so, what’s your motivation?
If you’re full-time already, how does the reality match up to your expectations?
We’d love to know, so join the discussion in The Property Hub!
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