How to Build a Property Portfolio?

Building a property portfolio can be quite challenging, however, with the rented sector growing at a fast rate, building a portfolio can be very valuable.

Let’s take a look at how you can start building a property portfolio:

– Think About your Goals

Are you looking for properties that increase in value? Or are you looking for an investment that will provide you with a continued rental income? Being able to answer these questions will help you to start building your portfolio.

– Start off Small

New investors are advised to start off small. While you may be thinking about investing in an expensive property, it could be a mistake. Choose your very first investment wisely and determine whether you want it to be close to where you live. The closer it is to your home the easier it will be to maintain, unless you wish to work through a third-party.

– Go Below the Asking Price

Prices are predicted to fall even further in the near future, so don’t be afraid to go below the current asking price. If your offer is declined you can always rethink your strategy.

– Consider your Cash Flow

Does the income you’re getting from rent cover your mortgage? Does it cover your other expenses too? When the property is empty are you still able to manage those mortgage payments? Keep an eye on all of these numbers so you know where you are all the time. Treat your cash flow the same as you would treat coming into and going out of a business.

– Consider your Tenants

Many landlords simply forget about their tenants, however, you need to make sure they are happy with the property. A happy tenant means they’re likely to stay with you for longer, which means the property is less likely to be empty. Choose the right tenant so the money keeps coming in and you don’t have to clear up after them when they leave. Alternatively, you could use a letting agent to choose the tenant for you.

Building a property portfolio can take time, but if you go about it the right way, you could have a lot of real estate on your books and a nice regular income.

About Us

Slater Forbes are one of the leading property investment companies specialising in off-plan property

20 Years Experience

Please note that Slater Forbes Investments is not authorised or regulated by the Financial Conduct Authority and is not permitted to offer financial or investment advice to UK resident investors, whether or not the intended investments are regulated or unregulated. We strongly encourage all prospective purchasers to consult an FCA-authorised Independent Financial Adviser before committing to any form of investment. This is not an offer to participate in a collective investment scheme as defined in section 235 of the Financial Services and Markets Act (2000) and Investors will not have access to the Financial Services Compensation Scheme or the Financial Ombudsman Service. This website, videos and documents referred are intended to provide general information concerning the proposed development, construction and the management of ”The Development’. The information provided has been prepared in good faith and to give a fair overall view of the Development. Photographs and electronically generated images, furnishings and accessories featured are for illustrative purposes only. All information provided by us at our web site or otherwise is provided on an illustrative basis. This email is for the sole use of potential business partners and/or prospective purchasers. We recommend that all appropriate commercial, tax and legal enquiries and advice is taken before entering into a legally binding contract to purchase a property forming a part of the development. All investments attract a degree of risk and Slater Forbes encourage all clients to undertake their own due diligence. Property prices can fluctuate and the value of your investment may go down as well as up. Prices and financial illustrations are provided as guidance and are examples of the possible discounts, yields and returns that investors could achieve. Copyright in and to this website and documents and videos referred belong to Slater Forbes, which is a trading name of Green Key Sales and Lettings Ltd, which is a UK registered company no 10037602.