In the latest podcast episode, Mark shares valuable insights on how to fund your first property deal.
To begin with, it's crucial to have enough cash available as the deposit is typically 25%. However, additional costs, such as stamp duties, can increase this figure to around 30%.
Mark recommends seeking out independent mortgage brokers for better deals than those offered by high street banks. You can find them by attending Pin's 50+ meetings held across the UK, where you can meet many savvy investors.
A smart strategy is to take your property's equity out and invest it in more properties. Essentially, this allows one property to pay for the first, which is what most investors do to build up big portfolios.
It's also a good idea to approach family members who have savings sitting idle and ask them to invest in property. This can not only help you build an income but also add value to the investment.
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CONNECT WITH US:
Facebook: https://www.facebook.com/propertyinvestorsnetworkuk
LinkedIn: https://www.linkedin.com/company/property-investors-network
YouTube: https://www.youtube.com/c/propertyinvestorsnetwork
Twitter: https://twitter.com/pin_uk/
Instagram: https://www.instagram.com/propertyinvestorsnetworkuk/
TikTok: https://www.tiktok.com/@propertyinvestorsnetwork
In the latest podcast episode, Mark shares valuable insights on how to fund your first property deal.
To begin with, it's crucial to have enough cash available as the deposit is typically 25%. However, additional costs, such as stamp duties, can increase this figure to around 30%.
Mark recommends seeking out independent mortgage brokers for better deals than those offered by high street banks. You can find them by attending Pin's 50+ meetings held across the UK, where you can meet many savvy investors.
A smart strategy is to take your property's equity out and invest it in more properties. Essentially, this allows one property to pay for the first, which is what most investors do to build up big portfolios.
It's also a good idea to approach family members who have savings sitting idle and ask them to invest in property. This can not only help you build an income but also add value to the investment.
VALUABLE RESOURCES:
CONNECT WITH US:
Facebook: https://www.facebook.com/propertyinvestorsnetworkuk
LinkedIn: https://www.linkedin.com/company/property-investors-network
YouTube: https://www.youtube.com/c/propertyinvestorsnetwork
Twitter: https://twitter.com/pin_uk/
Instagram: https://www.instagram.com/propertyinvestorsnetworkuk/
TikTok: https://www.tiktok.com/@propertyinvestorsnetwork