How to start Property Business - Tips by Siddharth Mahajan Tulip

Thinking of Buying an Investment Property? Here Are Some Tips by Sidd Mahajan, Tulip Real Estate Owner:

Buying property investment is one of the most lucrative ways to make the most out of your savings, and more and more people are now seeking out advice on getting into property investment. If you’re keen to learn how to become a property investor, these top tips for property investment are designed to prepare you for getting started on this profitable journey and give you the best knowledge and skills on how to invest in property as effectively as possible.

Understand the Finances

Releasing equity in your home or existing investment can help fund new property purchases. Your buy to let mortgage lender will also want to establish whether the property you are buying is a good long-term investment.

Buy-to-Let mortgages are typically arranged based on the investment potential of the property, not your salary. You will be required to put down a deposit for buy to let mortgages and this will be typically larger than for a standard residential mortgage – it will likely be 15 – 25% of the property’s value.

Consider the UK Property Market

Sidd Mahajan, Tulip Real Estate Owner says, “In recent years the buy to let market has taken a few knocks, with changing tax policies and potential price rises. However, the benefits of property investment far outweigh these.”

“The demand from those interested in buying rental property in the UK is higher than ever before with a growing need for high-quality rental accommodation ensuring a steady stream of tenants. When it comes to investing in properties, considering the UK buy to let market is one of the most important property tips to find the best property investments in the UK for 2019, 2020, and beyond.

Choose Your Property Investment Strategy: Buy to Let vs Buy to Sell

With property investment, there are two main types of investment strategy – buy to let and buy to sell. When it comes to investing in property, the most common strategy which comes to mind is buy to let, but it’s also a good idea to know about the alternative strategy, buy to sell, before getting started. This way, you can work out which option for buying an investment property suits you better.

Explore Different Property Investment Strategies

There are different property investment strategies to consider when you first get started with buy to let. Before considering all the steps involved with property investment, you first need to establish the best buy to let strategy for you and explore the different options.

The most common types of buy to let are residential and student property investments, but there are some other types of strategy that you could follow like traditional buy to let HMO investments and Hotel Investments. Sidd Mahajan, Tulip Real Estate Owner says, “All these strategies come with their own risks and advantages. At the start of my professional journey, I studied all of these aspects well but began with serviced rooms and apartments. Gradually, when the response from potential clients was positive, we decided to foray into Hotels, New Builds, and refurbishments as well. It is certainly difficult but a highly rewarding and satisfying journey.”