Hey newbie here.....

Looking for advice and information about property investment in the UK.

Ive been looking at the site www.property-investment-centre.co.uk and have a better idea of what im looking at now. What do you think of their adivice site and can you reccomend any other sources that would help me get my knowledge on!!

Trying to get as good a balence of idea of what i can hope to achieve before investing.

Thanks

Brear....

(Newbie remember be gentle!)

Anyone who thinks property is a good investment at the moment is crazy. All I can suggest is to read the boards on here and get as much knowledge as possible!

"Looking for advice and information about property investment in the UK."

Okay here's some advice:

Dont invest in property in the UK.

The ship on this free ride has sailed and on course to hit ice soon.

look for the next market bubble and get in early, property won't be a good investment for another 5-6 years.

look at renewable energies and things they require, Biofuels/ wind / hydrogen

its never a bad time to be in property,dispite all the doom and gloom merchants around the world.
there are several ways to make money from property even if the market is slowing.
i dont mean just buy to let.

market is falling, and btl is saturated. However if you paint the walls white and fit laminate, you could make 18k!!!1111

Interesting statement, newbie property investor looking to enter the market for investment purposes at the very peak of a massive market boom.

Thats a good time to be in property?

I agree that there is never a bad time to invest in property. Take a look at my opinion in "the classics" forum. As long as you don't invest in a £200K+ 2 bedroom apartment that will need a huge mortgage. Instead study local property news papers to see what's not selling and what needs a lot of work. Changing the bathroom and kitchen in my second flat cost a little more than 1.5K. That includes a second hand kitchen on Ebay. It's a light wood effect which is what most people want these days. Also had an advantage of units being built already and only cost £175.It did require a little carpentry because a corner unit was handed the wrong way but it isn't difficult to make a second hand kitchen fit another kitchen as long as you have enouhg, or more than enough base and eye level units.

Also included in the 1.5K is Washer dryer(£99), Bosch dishwasher(£26), fridge freezer(£30), electric cooker with ceramic hob(£100), 2 worktops, new bathroom suite(£289), tiles, chrome tail rail, cushion flooring for both rooms etc.

If you plan to rent out I would recommend buying 2nd hand wherever possible. There are some graet deals on Ebay or in your local free ads. Some people are rich eanough to upgrade every few years and so sell at a cheap price just as long as you emove it from their kitchen.

You can also ave money by buying damaged worktoops from a DIY store as longs as the damge isn't on the section you need.

The most important thing is the location. A 2 bedroom flat near a town centre wil rent easier than a 3 bed semi-detached 10 miles out, even if the rent is identical.
If possible, buy in an area you know would rent well. My second flat is on the same road that I live on so I know that there are more people wanting to rent than properties available.

I wouldn't recomment renting to students. They will no doubt cause damage and you will not receive rent between June and September.

There are plenty of people that have trid and failed to buy-to-let but they have been the type that buy brand new s*****y apartments. They sometimes find that after 2 or 3 years they are worth the same or even less. There is some stress involved with letting out a property so you want to make it worth your while. Breaking even or making £5k in 3 years isn't really worth the hassle.

I bought my second flat for £130k, spent a cople of thousand knowing I could sell for £160k. Unfortunately, some of the £30k profit would be subject to capital gains tax so i'm holding onto the flat. The rent covers the mortgage and the extra loan I took out for the deposit. I may keep it for 10 years because after that all profit is mine (less any profits made from rent if the taxman can prove it)

Good luck and don't give up the dream. It really is the only way to early retirement in this day and age! If I can help email me on mail@enworb.com