Want to make the most of your hard-earned money by exploring profitable property investment and creating a passive income stream?
When it comes to building a property portfolio and meeting your responsibilities as a landlord, it pays to listen to the experts.
Fortunately, the team of investment professionals at The Mistoria Group has years of invaluable experience identifying the most lucrative property investment opportunities in the UK.
To help you transform your property portfolio from a one-page wonder into a million-pound empire, we explain how to build a property portfoliothat will increase your income.
How to start a property portfolio
You might be aware of the practicalities of investing in property, but there’s a lot more though that goes into building a property portfolio that’s truly successful.
Keen to learn more? Simply follow our essential steps to starting and building a property portfolio in the UK that experienced and amateur investors alike will envy.
Conduct your research
Before you opt for the first property investment opportunity that crosses your path, it’s crucial you do your market research. This involves identifying key locations, figuring out how much you’ll need to spend (as well as your budget), and estimating how much value you hope to gain from the investment.
From here, you can decide between a wide range of property investment types and strategies, such as Houses of Multiple Occupation (HMOs), Buy-to-Let properties (BTLs), student accommodation, and commercial properties. A variety of factors including the purchase price, ongoing costs, rental demand, target tenant, and location hotspots, will affect which property investment is right for you.
It’s therefore worth discussing your options with a property investment expert to discover which opportunities are low-risk with high Return on Investment (ROI) potential.
Here at The Mistoria Group, we can help you to future-proof your property investment portfolio through diversification and professional advice that suits your investment needs.
Start off small
Your first investment property is often your most important. Instead of spreading your time and resources across several properties, it’s generally a good idea to start your property investmentportfolio with just one, low-risk investment. From here, you can quickly grow your portfolio once you start to see some success.
Begin to scale your property investment portfolio
With the first property under your belt, you can start to expand, either until you’re making a steady, passive income or until you’re turning a more significant profit. Diversifying your portfolio with a variety of investment types or taking advantage of a lucrative niche can both be profitable avenues to explore.
To figure out which property investment route is best, we always recommend discussing your options with a property investment professional. At The Mistoria Group, we can help you to scale your property investment portfolio by providing you with funding solutions, like joint venture, merchant, or armchair investments – whichever works best for your specific needs.
Consider property management services
If you’re concerned about having enough time to manage your tenants as your property investment portfolio grows, we recommend hiring a property manager.
A property manager’s role can involve a variety of tasks relating to managing tenants and the property, like marketing vacant properties, hiring contractors for repairs, and collecting rent on your behalf.
Naturally, this dedicated service comes at a cost, but it gives you more time to research other property investment opportunities and expand your property investment portfolio.
Start building your property portfolio today
Need a helping hand building a property portfolioin theUK?
Contact the experienced group of property investment professionals at The Mistoria Group today. Our property investment services have helped a long list of customers create an impressive and lucrative property investment portfolio.
Regardless of whether you’re interested in HMO investment opportunities, BTL properties, or student accommodation, our extensive team of expert estate agents and property investment professionals can provide crucial guidance and advice.
Operating across the North West of the UK, we specialise in finding high-yielding property investments in locations like Bolton, Liverpool, Salford, and Greater Manchester. We welcome visits to our offices, so feel free to discuss your property investment requirements with a member of our team by visiting your local branch.
Upon receiving your enquiry, you can rest assured we’ll be in contact soon to learn more about your property investment preferences.