EP#32 - Property Investing for Dummies - How it takes Less Money than you Expect to get Started in Property Investing.

In this episode we run through the different ways you can make money investing in property. Some ways require a hell of a lot of work upfront, whereas some ways can pay you straight away with a smaller amount of money than you might expect! We discuss the following points:Dan Pena says any idiot can get rich it’s about staying rich and getting richer! How can you use property to do this?Ways to make money: Buy to let - Students, Long term rental, holiday lets, commercial What sort of houses are good for this?What is yield rate?Isn’t buy to let heavily taxed?What if you don’t manage to rent the property?What about maintenance and duties of a landlord? Is it better to airbnb during holiday times or long term let?Flip - (renovate and sell) hoping property price will go upWhat skills do you need to renovate a property - good to have a few skills to reduce the cost of the project.Good project management is key, time and cost are the most important factors in a renovation project.High stress environmentNew build - Land and pre-fabIdeally an experienced property builder/renovator.Costs can run very high, overrun Lots of complexity