5 Reasons You Should Become A Landlord And Start Your Own Property Business

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It’s at this time of year when most people start wondering what they can do to make some extra cash before the summer. Whilst some are content with simply selling a few old t-shirts on eBay or delivering Betterware catalogues door to door, those with lots of money to invest often find themselves with higher ambitions like purchasing property, building a portfolio and becoming a private landlord. To achieve this, you’ll obviously need access to around £100,000, but that can usually be obtained in the form of a mortgage so long as you have the ability to pay it back yourself if the property remains unrented for a long time. A great way of finding this level of funding is downsizing. If you live in a £200,000 home, just sell it and move into one available for half the value.

Not convinced this is such a good idea? Well then, take a few minutes to read all the information I’ve included below, and I’ll do my best to convince you that becoming a landlord is the best thing you can do this year.

1 – You’ll Be Your Own Boss

This should be great news for anyone who’s spent the majority of their life working underneath someone else. You see; being your own boss will require you to be exceptionally motivated, but so long as you can find that motivation and stay on top of things, it’s the best employment solution in the world.

2 – You’ll Earn Lots Of Money

Whilst you probably won’t become a millionaire overnight, landlords who refrain from spending their profits and invest them wisely can achieve this in a relatively short amount of time. You’ll need to save cash on everything though, so make sure you shop around to find the best property and some discount landlord insurance.

3 – You’ll Help People

As there as so few options when it comes to social housing these days, becoming a private landlord could see you helping lots of families who would otherwise have had nowhere to stay. At the end of the day, most property owners refuse to accept DSS, which is why you could make a killing if you’re not as petty.

4 – You’ll Make Good Investments

Although it will take a long time for you to make your initial investments back, if you manage to hold onto the properties for a long time, you’ll be able to sell them when you reach retirement for a massive profit. This could help to pay for a round the world trip or maybe even an emigration to Spain or somewhere else hot.

5 – You’ll Be A Business Owner

When it comes to inflating the ego and making yourself feel content with your achievements, nothing comes close to the feeling of owning your own business. You see; when you create your own income and make substantial profits, it’s very pleasing to look back and say “I did that, all on my own”. Other people’s opinions will change too, and you’ll be seen as someone who’s made a success of their life.

Well, there you have it my soon-to-be property tycoon friends. Hopefully now you realise just how much of a good idea becoming a landlord really is. I wish you the utmost luck with everything you do over the next year or so, and I hope to read about your success in the newspapers one day.

Catch you later guys!

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