No matter what stage you’re in, investing in property works as a great investment choice. The thing about Property is that you can make it work within your current lifestyle. There are so many strategies that can be set up to create just passive income if that’s all you want, or if you actually want more active involvement to fit around your schedule. I’ve managed to work building a portfolio around my schedule and basically can fit in client meetings, viewings and conference calls in between school runs, hospital appointments and extra curricular activities.
Now, I understand running an active property business will not be for everyone, but even for the more passive investor, getting savvy and building a simple portfolio of buy to let properties can help you build up long term wealth over time. For even less involvement, you can easily outsource your property investment through crowdfunding or joint ventures. You can outsource other activities such as property management, accounting, tenant finding, certifications etc and get a property manager that sorts out anything related to the property, so you only play an oversight role…There are some properties I haven’t seen or been to in the 7 years I’ve owned them because they’ve been completely outsourced.
Some people also invest in properties in the short-term, trading them by buying and selling within a year, or by refurbishing distressed properties to force up the value and sell on. Others, might prefer to refinance and hold onto the property for longer, either renting the propriety on a normal long term tenancy to professionals, corporate students or corporates. Alternatively you can choose to rent each room out as HMOs or short term rentals such as holiday rentals for greater returns. You could also decide to invest in commercial real estate as well.
For those looking for a side hustle to go along with their lives, investing in property can provide the creativity and outlet to build a viable side income that can greatly benefit you. Eventually, a lot of women have left their day job once they realise the great potential and freedom their property portfolio enables them to have. While investing in property can require understanding a few key principles, it is something you can get into without much initial capital (you can check out my podcast and blog on How to start a 6 figure business in Property with almost no capital.
However, if you do have the initial capital, then it’s possible fo build a portfolio from that initial investment which can be self managed, outsourced or managed remotely.
If you find you’re having difficulties getting started, or just don’t know how source, select and secure the right property, then do take the questionnaire to help us identify exactly what is holding you back. Click here to take the “Whats holding you back” QUIZ
And the final reason is that property investment can often be an excellent source of building long term wealth for your family and children. Whilst you can gain from the income you get from the rental, it can also work as your most valuable asset over time which you can deploy to different uses. You can eventually sell on the properties or hold them to pass on to your children. You can also even raise funds from your portfolio to contribute to buy your children’s own property. Property investment is quite an ideal way for mums to build income and long term wealth and should definitely be a strong consideration as part of your asset classes you choose to invest in. It can work around your schedule, passive or active investment or suited to working, busy or single mums looking to build long term wealth.
As always, I aim to keep property as simple to grasp but with good useful information, so do feel free to message me for any questions or if you want to find out more information about this post. Always seek out specialist advise for any investments you make that takes your personal circumstances into consideration.
Disclosure: This information is provided to you as a resource for informational purposes only. It is being presented without special consideration of your investment objectives, financial circumstances or risk tolerance of any specific investor and might not be suitable for your investment. Investing involves risk including the potential loss of the principal capital. This information is not intended to, and should not, form a primary or single basis for any investment decision you make. It is good practice to always consult your own legal, tax or investment advisor before making any investment, financial planning and tax considerations or decisions.
