I found a great Entrepreneur's website called the Singing Pig that has a number of property investment based forums. I found it a very friendly site, probably like all forums it sometimes suffers from a bit of group think however there are often lively debates on contentious subjects.
It’s an excellent site if you keep in mind that a lot of the people posting there either do this as their main job or want to do so, therefore their strategies are different from the amateur investor as they have more time for the large amount of research they suggest is needed. For a full time investor the main profitable properties seem to be by buying up the bottom end “social” housing especially from people who are in danger of being repossessed. These types of places are just to high maintenance for me, I don’t want to be up all night worrying if someone is turning my new property that I've just had renovated into a crack den (really, read some of the posts!). I want to be firmly aimed at long term rents by city based professionals and if that means that the rent is low in comparison to what could be achieved through buying up a cheap ex council house and/or renting through HMO( House in multiple occupancy) deal then so be it.
The site attracts posting from a number or property professionals including solicitors, estate agents, mortgage advisors etc. You could well save your self any number of expensive training courses by spending several days search the various forums threads and copy and pasting into a word documents.
Friday, 1 September 2006
Advice from the Pig
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