Most people start their property investing journey with buy-to-let. After all, it's the easiest way to get started.
The beauty of buy-to-let property investing is that it gives you a passive income. The downside of buy-to-let investing is that you need a lot of houses for property to make a meaningful difference in your life.
Most investors that I speak to have given up on buy-to-let as a property strategy because they don't want to buy 50 or 60 houses. They don't have the money to buy 50 or 60 houses. And they don't want their property journey to take a decade or more.
I completely understand that feeling.
With my golden rules to buy world-class houses. A buy-to-let portfolio of only 5 houses will give you a £35,707 income for the rest of your life.
Without an extra penny from your pocket, you can more than double the size of your portfolio in 5 years. A portfolio of 11 properties will give you a £102,803 income for the rest of your life.
How is that possible?
When you buy the right house in the right area you will have high rental demand... good monthly cash flow... and strong equity growth.
When you buy a house that's within a mile of this ONE thing... then you will attract “Lifer” tenants. Tenants that rent your property for 5 years or more and treat it like their own. That’s what makes your houses virtually manage themselves.
As you know, house prices rise over time. In fact, house prices have risen on average by 7.9% a year for the last 85 years.
Thanks to rising house prices and strong tenant demand. You can refinance the equity growth out of your portfolio and buy more houses without an extra penny from your pocket.
If you buy houses at fire-sale prices, saving £15,000 or £20,000 or more on each purchase. Then when fear about Covid-19 disappears and house prices bounce back. You will see the value of your portfolio skyrocket.
There’s one critical thing you must do to refinance the equity out of your portfolio and make banks give you a tax-free bundle of cash…
You must raise your rent every year.
You see, the bank will only allow you to refinance if the rent covers the higher mortgage payments.
That’s why you must raise your rent every year. And you can only do that if your houses rent like hotcakes! That’s why you must buy houses in the right area to my golden rules.
The combination of rental income and equity release will give you…