Looking for more? Download our Buy-to-let FREE GUIDE → https://bit.ly/b2lreport-yt
Our very own Emerald Fisk answers a thought-provoking question from Progressive Property viewer @JungleHarry19, who is considering whether to sell a buy-to-let property in order to kickstart a rent-to-rent business.
Here’s a breakdown of Emerald’s advice:
💡 Keep the Asset: We advise against selling a cash flow-generating asset. Explore other options to maintain both your property and your rent-to-rent business.
🤝 Joint Ventures: Consider partnering with someone who can provide financial backing while you contribute your time and expertise to the rent-to-rent venture. Building a strong partnership is a vast topic, but these initial steps are essential to a fruitful collaboration.
💳 Using Credit: Learn how you can use credit, like 0% credit cards or personal loans, to kickstart your rent-to-rent business. Manage your debt wisely and learn to leverage “good debt” to ensure profitability.
📈 Scaling Your Business: Discover how profits from your rent-to-rent business can be reinvested to buy more properties and expand your venture.
🔀 Explore Your Options: Learn how you can retain your property and simultaneously start a rent-to-rent business.
🕒 Time Management: If you’re time-poor due to a full-time job, explore the possibility of collaborating with someone who can handle the day-to-day operations of the business.
🤝 Finding a Joint Venture Partner: Networking is key! Attend property events and business networking gatherings to meet potential partners who share your values and goals.
❤️ Building Relationships: Take your time to get to know potential partners before entering into a business relationship. Compatibility and alignment of skills are crucial.
📅 Date Before Committing: Just like dating, take the time to understand your potential partner’s strengths and weaknesses before entering into a joint venture. It’s vital getting to know potential partners before entering into a business relationship.
Looking for more? Download our Buy-to-let FREE GUIDE → https://bit.ly/b2lreport-yt
#buytolet #renttorent #housereposession #financialfreedom #inflation #mortagerates #gooddebt #wealthbuilding #jointventure #landlords #privatelandlords #UKPropertyInvestment #ProgressiveProperty
At Progressive Property, our expert guidance arms you with the essential tools and expert guidance to conquer the world of property investment. Our method is comprehensive, taking you through every step, with personalised mentoring and a thriving community to ensure your success.
But our mission doesn’t end with education. We spark your love for property investment, guiding you through market intricacies and fueling your drive to excel. With unwavering commitment, unwavering dedication, and boundless potential, your investments and income can reach unprecedented heights.
Meet the incredible Emerald Fisk, a Property Investor and Mortgage Broker who brings a unique perspective to the table, just for you.
Emerald not only understands her clients’ goals, but she faced similar challenges herself, making her the ultimate ally in the property game.
Her expertise lies in Commercial finance, Development finance, and Bridging loans, but she’s no stranger to brokering hundreds of Buy-to-Let (BTL) and House in Multiple Occupation (HMO) mortgages!
0:00 Selling BTL for Rent-to-Rent?
0:28 NEVER Sell a Cashflowing Asset!
1:03 What If You Need MONEY?
2:55 What If You Don’t Have TIME?
4:07 ESSENTIAL Steps to Joint Ventures
4:29 3 Ways to Start a Business
4:55 Stay Tuned!
There’s a government storm brewing… tune in with Kevin McDonnell, the king of ‘No Money Down and his future predictions on mortgage charters’. ▶️ https://www.youtube.com/watch?v=BvHEx8F24P0
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