THE IMPORTANCE OF A POWER TEAM
By now you’ll be aware of the many benefits of investing in property but where do you now start? What are the next steps in your investment journey?
We’ve learned from experience that a number of partners are crucial to effective property investment. Yes, you can do it alone but harnessing the power of these professionals will dramatically accelerate your success.
The ability to trust and rely on your partners is vital to investors at all levels. Whether you’re a first-time investor or someone with a wealth of experience you’ll benefit from their advice throughout your investment journey.
We’ve detailed here the five professional partners that are most important when investing in property.
YOUR PROPERTY POWER TEAM
1. PROPERTY INVESTMENT PARTNER
This is the role that we at Park Gate Investments will perform for you. It’s our job to remove the stress, complexity and guesswork that can often be associated with property investment. With our intimate local knowledge and experience in property investments, we will make sure that we deliver sales that are profitable for your returns. This results in peace of mind and hassle-free investing for our clients.
2. FINANCIAL ADVISOR | TAX EXPERT
An early chat with a financial advisor is key. This will ensure you’re structured correctly (limited company or personal investor?) before making any property sales. It is also of vital importance that you are selling in the most tax-efficient way possible based on your own unique circumstances.
3. MORTGAGE BROKER
If your leveraging your funds via a mortgage (which we will often recommend) then the key to this is speaking with a knowledgeable mortgage broker. Their vast market knowledge will ensure you’re borrowing at the best rate possible and will clarify how much is available to you based on your circumstances.
Our job is to reach verbal agreement on your property investments with your solicitor then taking care of all legal aspects. They’ll take care of the finer details of the conveyancing process until all stages have been completed, resulting in your new property sales.
5. LETTING AGENT
We strongly advise taking on the services of a reliable letting agent to ensure that your investment provides you with a passive income stream. We believe effective investment should be a hands-off process and a good letting agent will provide this for you. Finding suitable tenants, collecting rent, inspecting and maintaining your property are just some of the key tasks they take care of.