Is it better to buy-to-let or buy, do up and sell?
THE ANSWER
Neither is better, they're just different strategies.
Buying to sell (BTS) gives you a significant cash lump sum (if you do it right) within months.
Buy-to-Let (BTL) gives you a much smaller monthly profit (if you do it right) for years to come, with the bonus of potential capital growth (depending on where you buy).
- Some people focus on BTS because their current circumstances mean they are not mortgageable. That prevents them using the BTL strategy, up to the point where their profits establish a sufficient credit record and they become mortgageable
- Some people choose to BTS properties that need no work doing to them, but can be sold at a profit on the purchase price paid.
- Some people choose BTL on properties they do up because they can increase the value, get a mortgage against the higher value and have relatively little of their own cash left in the deal.
- Some people choose to use a combination of strategies.
Usually people focus on what they are able to do and choose strategies which meet their objectives and priorities.
You can learn more here:
- Contact Kevin Wright over on his Facebook page.
- Browse the Recycle Your Cash online training library by clicking here.
- Attend an upcoming 1-Day Property Finance Masterclass event - Book in here.
