The basic principle of property investment is simple. If you are working so hard for your money, why not make sure that your money is working its hardest for you ?
Once only the preserve of the wealthy or the bold, investing in property is now possible for us all. It is hugely exciting and with a little careful research and sound professional advice, it's possible to build a very profitable portfolio. However, what property is not, is a quick fix. I am sure there are many seasoned investors out there who will agree with me that you should be thinking of your property investment as long term.
For the most part property investment remains one of the basic forms of investment because it is a concept that's easily understood, it's a tangible asset, and of course everyone needs somewhere to live and work.
There are many different ways in which money can be invested in property, for example commercial property, residential property, HMO (Houses of Multiple Occupation), student lets, rent 2 rent or from buying land and developing. This is probably one of the hardest decisions at the start of your property journey, and obviously will depend on how much capital you have to spend. Your decision should be followed by planning, having a clearly defined goal and working out a strategy to achieve it.
You don’t have to have a lot of money to start in property development; it is all a question of attitude, determination and how much you really want to succeed.
There are other related ways to invest, for example through property maintenance and management services.