Published on: Monday 01 October 2007 by Tailored Property Management
“Don't rush in where experts fear to tread…"
The typical profile of a buy-to-let investor has changed considerably over the years. Nowadays you're as likely to see a bus driver or plumber bidding at auction alongside seasoned landlords and white collar workers to secure that run-down investment property that's just oozing with potential.
As confidence in pensions and the stock market has been eroded, property has become the new nest egg with more amateur landlords then ever before.
According to the Royal Institute of Chartered Surveyors (RICS) 43pc of property coming on to the market in the last quarter is owned by landlords who are new to the buy-to-let business.
Investing in bricks and mortar has made many landlords rich and tales abound of investors taking early retirement or living comfortably off the profits of their portfolio. But before you go rushing into the buy-to-let bonanza - remember it's not an easy way to get rich quick and you can just as easily lose money.
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