£25K to Invest? Here’s How to Start your Buy to Let Portfolio24 Jun 2021
We achieved a great result for this client with a low cash input – around £25,000. That’s a great investment – paying of your asset, creating value by improving the property and achieving positive cash flow at the same time.
Check out the before and afters here – This is a great transformation resulting in great figures for this client.
Positive cash flow with repayment mortgage (after factor fees and management fees) approx. £225
This 1-bed ex-local authority works perfectly as a buy to let – we have created value in the property by upgrading carefully – and as expected, we have found a tenant in super quick time. We had some unfortunate boiler spend required on this one- but that’s the downside of buy to let. We did new flooring throughout, décor, blinds, new appliances, furnished and staged.
Here are the figures:
Purchase Price £65,000 (Home Report Value)
Spend to get rental ready £5,000
Fees and ADT £4,000
Total Spend £74,000
Rent Achieved £550 pm within 3 days of marketing
Win, win, win…