Have you been Googling passive income ideas for 2022 and landed on this page. Sick of all the broad info but hungry for in depth info with stats? Well no more
We get asked how much do I need to invest in property in 2022 very often! so we thought we would break this down for all property novices
Now we will keep this really simple for property novices. Apologies if you are a more seasoned investor (but hopefully you won’t mind a refresher)
Average investment property in South Yorkshire = £100k (usually 2/3 beds)
Deposit needed for this = £25k
Fees (conveyancing, mortgage broker, surveyor etc) = £5k
Refurbishment (cosmetic changes) = £5-8k
Now this whole process is pretty time-consuming, and many people get frustrated with the many parts of the process. Especially if you are new to this. Like, where do I look for properties, which areas, which lender is best, what do I look for in a property? This is where My Landlord Cares comes in. We provide a hand-holding service to help you understand how this entire system works. Our fee covers finding a property, getting you mortgage-ready, securing the property, and refurbishment. We provide an all-round service by managing your property (this means finding you the right tenant for your home and managing them). So you deal with one person only; you are not being handed over to someone else.
If you would like to know more about this, book a free 45-minute chat with us.