Answering some of these questions will help narrow down your property search:
Do you what cash flow or capital appreciation or a bit of both?
Do you want to buy with cash, with a mortgage?
Do you want to self-manage or use an agent?
Do you want to invest close to you or perhaps further away in an area with a higher yield / higher capital appreciation area?
Are you investing alone or with others?
What is your attitude to risk?
Do you want to refurbish property or buy a low-maintenance property?
How much money do you have?
What is your target income from property?
What type of tenants do you want?
- Families, Couples, Students, young professionals, Housing Benefit tenants?
Considering these questions will help give you some clarity and narrow the focus of what type of property you may want to buy.
