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Buy to Let Newbie

Hi everyone. I am looking to get into the buy to let game. I don't have any experience or know anyone that already owns any buy to let property so I was hoping to get some tips and advice before I jump in. Please only post a reply if you have or previously owned buy to let property. Thanks.
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Comments

  • Pixie5740
    Pixie5740 Posts: 14,515 Forumite
    10,000 Posts Eighth Anniversary Name Dropper Photogenic
    Words fail me.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    New Landlords (information for new or prospective landlords)
  • kinger101
    kinger101 Posts: 6,672 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    !!!!!! on a bicycle! Is Google broken again?
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • PasturesNew
    PasturesNew Posts: 70,698 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    G_M wrote: »
    New Landlords (information for new or prospective landlords)

    Tom1219 - read anything the above poster posts. He knows everything.
  • kinger101
    kinger101 Posts: 6,672 Forumite
    Part of the Furniture 1,000 Posts Name Dropper
    I don't let properties, but I'd like to ask a genuine and open question (or two). Why? And what alternatives have you considered?
    "Real knowledge is to know the extent of one's ignorance" - Confucius
  • ognum
    ognum Posts: 4,879 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Tom1219 wrote: »
    Hi everyone. I am looking to get into the buy to let game. I don't have any experience or know anyone that already owns any buy to let property so I was hoping to get some tips and advice before I jump in. Please only post a reply if you have or previously owned buy to let property. Thanks.

    It would be useful if you give some information on your circumstances so that useful help can be given.

    I know you have just used a colloquial expression but you first 'tip' would be that it is not a 'game' it's a business, start with a buisness plan.
  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Tom1219 - read anything the above poster posts. He knows everything.
    Hmmmm.

    I'm pretty ignorant about theoretical physics......
  • tealady
    tealady Posts: 3,851 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Mortgage-free Glee!
    G_M wrote: »
    Hmmmm.

    I'm pretty ignorant about theoretical physics......


    :rotfl::T
    Love it!
    Find out who you are and do that on purpose (thanks to Owain Wyn Jones quoting Dolly Parton)
  • Tom1219 wrote: »
    Hi everyone. I am looking to get into the buy to let game. I don't have any experience or know anyone that already owns any buy to let property so I was hoping to get some tips and advice before I jump in. Please only post a reply if you have or previously owned buy to let property. Thanks.

    It's not a game. It really isn't. It's a serious business where you can lose a substantial amount of money.
  • kingstreet
    kingstreet Posts: 39,349 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Photogenic
    tealady wrote: »
    :rotfl::T
    Love it!
    He's just being modest.

    He's the MSE Sheldon Cooper really. ;)
    I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.
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