Location, location, location – they say. Well, it's true. The location of your property plays a fundamental role in how successful your investment will be, so it is crucial you conduct an in-depth research into the right locations before you even start looking at buying properties.
In this guide I’ve put together 6 golden rules I use to determine if an area has the right potential to invest in.
THE TECA ACRONYM My first 4 golden rules follow the TECA acronym. T stands for Transportation, E stands for Employment, C stands for city centre and A stands for amenities.
LOCAL RESEARCH One of the most powerful tools you can use to determine if a particular area has the right potential to invest in, is the local authority’s website and this is free.
WALK THE STREETS Doing all the necessary research and considering the metrics I have listed above is crucial to locating great investment areas. But no amount of research will be able to the things you can gather by physically visiting the area and walking the streets.
Andrea is the Founder of itSimple Cap. Andrea started investing in property in her early to mid 20s. By the time she was 27 she left the corporate world and managed to build a portfolio of circa 50 units consisting of a mix of buy-to-lets and HMOs in the UK. She has also co-founded a second property development company, itSimple Art, which focuses on new build development in Cyprus and the UK.
Her experiences inspired her to share her knowledge and journey to financial freedom with others in order to help people achieve similar levels of success whilst building a community of like minded people.
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