Generally we’d all like more time to spend with our family and friends, or pursuing our own interests – but for most of us, it isn’t possible given our current financial circumstances. So, we vow to work harder, believing the next raise or bonus will provide us with more money, and a ‘better’ life.
But now, we have even less time – the resource we wanted most!
When our ambitious financial desires clash with our time-poor woes, ‘passive income’ is often touted as the panacea – “experience an abundance of money, for very little work!” so the rhetoric goes.
Specifically, property investment is often cited as the ‘easiest and fastest’ way of achieving our middle-class aspirations, something that can be done ‘on the side’ while holding down our full-time jobs, children (if you have them) and other responsibilities.
After 17 years in the property business, I’ve learned that the ‘passivity’ of property investment is only applicable within specific parameters. For example, if you purchased a new build apartment, rented it out on a long-term, unfurnished basis and employed a property manager, that would qualify as a pretty passive form of income generation – but you’d experience relatively meagre returns. By contrast, to maximise returns, you’d need to let out individual rooms (otherwise known as a HMO – House of Multiple Occupation), manage everything yourself and ensure that your purchase price stacked up against your rental income. Definitely not an endeavour for the time-poor!
So, what’s the solution? What does a ‘good’ property investment even look like? How can you build wealth without compromising on your already limited time?
You solicit the help of an expert. It took me 17 years to develop the methodology I now use and it’s the sole means by which I generate income and grow my clients’ wealth.
‘Going it alone’ is absolutely possible but you’ll eat into your most valuable resource (time) and likely make some costly mistakes along the way (been there, done that!). Besides, how many of us would forgo a trip to the dentist in favour of watching YouTube tutorials if we needed a hole in our tooth fixing?
For an obligation, absolutely pressure-free chat, please get in touch with Adrian on 07725 440611 or adrian@buytolethunter.com
