Is it possible for me to start now?

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    Is it possible for me to start now?

    Hi all,

    I have recently had a strong desire to get into property investment and have therefore tried to learn as much as I can through books and asking questions, but I feel as if I am lacking one major thing: Capital.
    Is it possible for me to get a foot in the door with little to no capital? I understand for good ROIs I will need to buy BMV and modify the property to suit the demand but without cash what can I do?

    Any responses will be much appreciated, Thanks.


    #2
    Without wishing to appear flippant to your question , my advice is to save at least 20/25% plus sufficient monies to cover at least three months rental voids and then save for the light cosmetic works needed.
    Buying into investment property has to be considered as a long term investment , buying and flipping is much more difficult than it has been and when combined with the uncertainties within the property sector it isn’t something for the faint hearted.
    If you are serious then try and find an established investor who might be prepared to do a joint venture with you, the only downside is that the first acquisition might attract the 3% Stamp Duty Land Tax Premium.
    Best of luck going forward.

    Comment


      #3
      Investing without capital is like swimming without water.

      You can use lending to accelerate growth in property, which makes it unique and assists those not wealthy already.
      But you need a reasonable amount to capital just to start investing.
      And, if you're starting from zero, there are lots of other things to sort out before you start an investment business - your own property and a pension for example.
      When I post, I am expressing an opinion - feel free to disagree, I have been wrong before.
      Please don't act on my suggestions without checking with a grown-up (ideally some kind of expert).

      Comment


        #4
        I suggest you take a job in a letting agents office for a couple of years.

        Comment


          #5
          I do not offer to invest without capital... You may face lots of problems. First, have a capital and then you can invest. Much easier.

          Comment


            #6
            So take a job in an estate agent with lettings unit and after you learn the business and gain many contacts , some of your customers will contribute the capital required for starting your property investment company.

            Comment


              #7
              Does anyone watch the videos on Youtube ? Some videos are good for learning about investing.

              Look out for a video posted ( on 27 Dec 2018 ) by " The Rich Dad Channel ". Its about how to invest in property without money ( for USA market ).

              https://www.youtube.com/watch?v=dCmeoSGEIgU&t=928s

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