Property Investment - Seven Reasons Why You Should!!

Property Investment is one of those things that lots of people seem to think that they shouldn’t get involved in, either because they’ve simply never done it before, they listen to the ‘gloom and doom’ people who predict that the bubbles going to burst or they believe it’s going to be too much hard work. Well, after a conversation with my cousin at the weekend, I just wanted to say categorically in public that all the above plus any other reason you can think of not to invest in property should be discounted!!

My cousin has just bought and moved in to a new house with his partner and they are fortunate enough to have been able to buy this house whilst still owning their own respective homes. However…… it now seems that instead of keeping his house and seeing it as one of the best investment moves he could ever make, I think he’s going to sell it as he doesn’t wasn’t the hassle/heartache/problems that he believes it will bring him.

My argument to him (and you of course!) is completely the opposite. If that home is worth £100k, then theoretically, can you think of many other investment opportunities that will deliver you £100k profit in about seven years? Any suggestions?? I know my pension certainly wouldn’t do that!

So, if you’ve not yet brought yourself to but that first property, here are seven reasons why you should act today…….

• Property has historically doubled in value every 6 to 8 years
• You don’t need to look after the property yourself – simply employ the services of a managing agent
• Once you’ve bought your first property, you can keep buying further properties as slowly or as quickly as your investments will allow, simply choose the financing strategy that will work best for your own circumstances
• Offsetting – there are certain tax benefits you can use by offsetting everyday costs against your property investments. E.g Do you have an accountant prepare your personal tax return? If so, then offset this against your property costs as it becomes a business expense
• Tax free money – when you remortage your property, you don’t pay any tax on the equity that you take out of it. You only pay tax if you sell (which you’re not going to do!)
• Pensions are on the whole not producing the returns we all need to keep us comfortable (or in the lap of luxury if you have plans like mine!) so invest in something that has much better prospects
• You can call yourself a property investor!!!!!!

So if you feel that you know you should do something but just don’t know where to start or maybe need convincing a bit more, then contact me! I can either share my experiences and advice with you or I know a lot of genuine people who can either help you on your way or if you prefer, they’ll do it all for you and just manage the whole sourcing, buying and managing process. I’ve got three investment properties to date, plus my own home which I class as an investment as well and I’m intending to buy property number five before the end of the year.

So my advice to Andy is really straightforward – please don’t sell, keep it!!

Comments

[Andrea]

Wow! You look amazing! Love the new you x