Hi
@diyhelp Team BG here! Thank you so much for your question. Belinda started her property journey about 20 years ago and started using the 'buy to let' and 'buy to sell' models. She saved for 2 years and bought her first property, added value and remortgaged to get the money back out and did it again and again and again to build a portfolio.
However, there was a demand in the area she often developed in for 1 bed flats and HMO's. Because of this she started developing HMO's and sold them to investors creating very healthy profits. Since then Belinda uses many strategies including no cash down deals, commercial to residential etc. We are definitely seeing more commercial properties on the market due to business working in a smarter way, outsourcing work etc. so we are making use of these! Especially as the Permitted Development Rights are still in place.
Through the training programmes Belinda offers we work with clients to understand their area and what their market needs. Due Diligence is an absolute must before committing to a strategy. We can then support their property journey.
Belinda admits that this isn't how she would start now though in the current market... plus who wants to save up a deposit?
The difference is that properties are a lot more expensive now, so she wouldn't recommend that strategy anymore. There are quicker ways in this market that we teach as part her training programmes.
I hope this helps,
Team BG xx