What are the risks and rewards of a buy-to-let investment?
Thinking about investing in a buy-to-let property? Start with our checklist of risks and rewards that come with being a landlord.
Buying property to let is one of the most common investments that people make. But, is it still a reliable way to give yourself an extra income?
For some, it has been. Investing in property has allowed them to give up their day job and earn a substantial income from a property portfolio. However, for others, it's not worked out, and it's left people struggling to pay their own mortgages.
The reality is that many factors can make the difference between success and failure. As ever, the devil is in the detail.
For instance, the tax rules around buy-to-let often change. These changes may work in your favour, or leave you a little worse off. Health and safety standards are always increasing, which can also add to a landlord's outlay.
In this article, we take a look at five ways that may help you find success, and the five most common reasons why some people fail with their buy-to-let plans.
The top five points that can lead to buy-to-let success
Take these key points into consideration, and you could find yourself with a very successful return on your investment. Here are our top five tips to help make your buy-to-let experience a success.
The top five reasons for buy-to-let failures
These are the most common mistakes that people make when looking to invest in property. Take note, and avoid some of the pitfalls.
Is Buy-to-Let the right way for you?
With ever-changing tax liabilities, plus many laws, rules and regulations, buying to let may seem like a really complex way to invest.
But, by investing time to learn about the market, and with a team of experts to advise you, it can still be an attractive option to bring in some extra income.
However, it's not a get-rich-quick scheme. Patience, a flexible attitude, and a rainy-day fund for any emergencies can help you be prepared and reduce the risks around buying to let.
Our Landlord Knowledge Centre features a number of helpful articles on being a landlord. From the insurance you need, to using a letting agent, and even the latest changes to rules and legislation.