Buying to Rent

The Key to Your Financial Freedom

By: Nick Rampley-Sturgeon

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Product code: 15757
ISBN: 0273661094
182 pages
Format: Pb
Published by: FT Prentice Hall, 2002, 1st edition

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Description of Buying to Rent

Investment is not only for experts. However, although many people would like to own a second property, most never get around to buying any other house than the one they live in – for lack of time, deposit or knowledge.

A second income from renting a property can have many advantages:

- It can subsidise your pension
- It can subsidise your salary
- It is easy to find affordable property
- It is often a safer form of investment than shares and often out-performs them
- It gives you the financial freedom to do whatever you want – to work in a way that suits you, enabling you to downshift, become a free agent, bring up children, move to the country, get out of the rat race.

Wealth generates wealth and you need to make your savings count. Investing in a property to rent can be a solution to your financial problems, enabling you to feel financially secure and free. The fact that it has never been easier to afford a mortgage and the introduction of special buy-to-rent mortgages makes this the ideal time to jump on the bandwagon.

It shows you:
- why buying to rent is one of the safest and most profitable forms of investment
- how to finance your purchases and select the best mortgage
- how to buy and then manage your property
- how to work with professional bodies such as accountants, solicitors and letting agents
- how the UK holiday letting market works
- how to buy to rent abroad.

Buying to Rent explains clearly how to generate cash-flow from your investment so that you can enjoy the peace of mind that comes with an additional regular income. It includes case-studies with real landlords and shows you how we can all buy to rent.

Buying to Rent - Chapter headings

The opportunity.
Why do you want to do this?
Some of the benefits of property rental and letting
Is this right for you?
Can you afford to do this?
Can you afford NOT to do this?
Crushing the rumours.
The short or long-term view. Which is the best approach?
To mortgage or how much to mortgage?
How much will your money get you?
Understanding Buy to Let mortgages
Choosing the area
Finding the right property
Preparing the house
Health and Safety requirements
Finding the tenants
The holiday lettings market
Working with an accountant
Working with your solicitor
Checks and references
Working with the student population
Using a letting agent or management service
Working with an Independent Financial Adviser
Collecting your own money
Working with the Tenants
When the house is empty
Making improvements
Starting again with new tenants
Being tax-efficient

More Personal Development and Life Balance aspects of Buy to Rent
Appendix of Web Sites and Contact Points
Appendix of how this works in USA, Canada, Australia
Further Reading