So, how much money do you need to start investing in property? The answer is “very little”, but the options you can pursue with little money come with serious caveats.
There are definite thresholds where different (and often better) options become available, and we run through all of them in this week’s show.
Along the way, we discuss:
- Lease options (learn more in Episode 66: An introduction to lease options)
- Crowdfunding (learn more in Episode 106: Is crowdfunding the future of property investment?)
- Rent To Rent (learn more in Episode 108: Rent To Rent – the truth behind the hype)
- Joint ventures (learn more in Episode 81: The truth about joint ventures)
Everything, of course, ties into achieving your ultimate goal – and if you haven’t recommended it yet, check out our free goal setting course which has helped hundreds of investors to get more clarity on what they want to achieve.
Resource of the week
Two great video chatting tools for you this week, for if you’re sick of Skype and don’t need anything as heavyweight as Go To Meeting.
First up is appear.in, a free and amazingly easy way to have video chats without downloading any software. Just create a link, send it to your partner, and boom – you’re talking.
The next is Zoom, which works brilliantly for group chats like mastermind calls – with far better call quality than Skype. It’s free for meetings up to 45 minutes in length.
You’ve got no excuses now, so you’d better go get camera-ready!
News this week
George Osborne is at it again: now, he’s indicated that he will be giving control over regulating buy-to-let mortgages to the Bank of England.
This was originally supposed to be the subject of a consultation, but it now appears that it’s going to happen anyway – although this is just a pre-announcement and the move hasn’t yet taken place.
It’s likely to mean tougher affordability checks as part of the bank’s measures to bring the buy-to-let sector under control, but the details are (as usual) unclear – we’ll discuss this issue further on the podcast as things progress.
Remember remember…it’s meetup time again!
Our monthly meetups take place on the first Thursday of every month, which means November’s meetups will be taking place across the country on 5th November.
Once again we’ve added new locations, so click here to view the full list and find out if there’s one taking place near you. Tickets are completely free – you just need to book your place in advance.
Join the conversation
What do you think is the optimum amount of money with which to get started in property?
How much did you start off with, and what did you do?
We’d love to know, so join the discussion in The Property Hub!
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