03.01.2017 - By Rob Dix
Buying in an area you're unfamiliar with is scary enough – but David Barker bought his first without seeing it, and his next was a complicated five-unit site in a town he'd never been to.
Both had happy endings, but were very different experiences along the way. I spoke to David to learn how he got the courage and confidence to take calculated risks, and learn the often-glossed-over truth of how complicated an investment can be...
Listen to the episode and learn:
- What attracted David into property
- What led him to buy a flat in Salford without seeing it first
- How it's performed since
- How David decided to buy a far more complicated property in Stoke
- The challenges he had with funding the purchase
- What he's done to increase his rental return and its market value
- The management challenges that's seen him get more familiar with Stoke than he'd expected!
- What he would have done differently, looking back
- The advice he'd give to anyone wanting to follow his footsteps and buy remotely