Become a Landlord


Become a Landlord

How I became a Landlord

I bought my own house as soon as I could, which was at 24 years old. I was a teacher at the time, and we could get 100% professional mortgages. My first house increased in value dramatically, because I bought right before the UK housing boom. It increased in value from 69K to 89K within a year. So I sold it and bought another two!
I ended up with a three bedroomed terraced in Oldham and a three bedroomed terrace in Liverpool. They are not the best of areas, but they are solid rental properties, and the rent always exceeds the mortgage payments, making it a good way for me to earn while I travel.
As it has worked well for me so far, I am now looking at investing in my third rental property.

How do you get a Buy to Let Property?

If you own your own property, renting out your property in order to travel is a great idea for making a residual income. If you have a deposit of 20-40% you can also put that down on a Buy to Let Mortgage.

What work does being a Landlord actually Involve?

There are certain responsibilities of a landlord, including being contactable in the UK, so if you are travelling internationally you should get your property managed by a good property management company such as ARW Property Solutions.

Templeseeker

Hi, I'm Amy Trumpeter and I have over 25 years of travel experience. I love seeking out temples, Churches and other religious and historical buildings. I write mainly about Asia, Europe and North Africa. My BA (Religions and Theology) and MA (South Asian Studies) were gained from the University of Manchester. Come and join me on my templeseeking journey around the world!

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