R
RobandAlex
New Member
Hi All,
We just wanted to introduce ourselves and a bit of background as we are keen to begin our property investment, networking, and achieve financial freedom through a passive income stream.
To cut a long story short our names are Rob and Alex and we have known each other since we were 10 years old (now 23 and 22). We also went to the same University in Birmingham together (Alex studying Business Management and Rob studying History). We then undertook a Master’s degree in Real Estate Management as we have always been interested in property both doing work experience at numerous well known firms.
Having both achieved a distinction we then managed to get on a graduate scheme to become chartered surveyors – which we are both currently working towards, approximately 18 months away from taking the APC.
However, being surveyors is not our ambition. We both see it as a stepping stone to learning more about property and enhancing our knowledge to give us a better chance of succeeding in our own business ventures of property investment – which we eventually aim to make our main source of income.
We both live in North London (Totteridge and Barnet),and living at home as we are trying to save as much as possible in order to invest. Together we have probably saved around £20k (£10k each),we also reckon that we could get our parents to also invest, maybe another £20-50k per family so £60-£100k to invest – allowing us to get property in the range of £240-480k with a 75% LTV, or several properties that are less expensive).
What strategies would you recommend for the sums above – we thought perhaps the best route would be to purchase and refurbish cheaper properties and sell on in order to raise our capital. Then once we had enough capital we continue along that strategy whilst adding BTL properties to the portfolio in the aim of substituting our wage with the BTL properties eventually, allowing us to do this full time.
Any views, advice and general comments are greatly appreciated. We are keen to meet with a talk with like-minded people and people that have been there and done that, as our main aim is to learn and we are always open to new ideas.
Apologies for the long introduction!
Rob and Alex.
We just wanted to introduce ourselves and a bit of background as we are keen to begin our property investment, networking, and achieve financial freedom through a passive income stream.
To cut a long story short our names are Rob and Alex and we have known each other since we were 10 years old (now 23 and 22). We also went to the same University in Birmingham together (Alex studying Business Management and Rob studying History). We then undertook a Master’s degree in Real Estate Management as we have always been interested in property both doing work experience at numerous well known firms.
Having both achieved a distinction we then managed to get on a graduate scheme to become chartered surveyors – which we are both currently working towards, approximately 18 months away from taking the APC.
However, being surveyors is not our ambition. We both see it as a stepping stone to learning more about property and enhancing our knowledge to give us a better chance of succeeding in our own business ventures of property investment – which we eventually aim to make our main source of income.
We both live in North London (Totteridge and Barnet),and living at home as we are trying to save as much as possible in order to invest. Together we have probably saved around £20k (£10k each),we also reckon that we could get our parents to also invest, maybe another £20-50k per family so £60-£100k to invest – allowing us to get property in the range of £240-480k with a 75% LTV, or several properties that are less expensive).
What strategies would you recommend for the sums above – we thought perhaps the best route would be to purchase and refurbish cheaper properties and sell on in order to raise our capital. Then once we had enough capital we continue along that strategy whilst adding BTL properties to the portfolio in the aim of substituting our wage with the BTL properties eventually, allowing us to do this full time.
Any views, advice and general comments are greatly appreciated. We are keen to meet with a talk with like-minded people and people that have been there and done that, as our main aim is to learn and we are always open to new ideas.
Apologies for the long introduction!
Rob and Alex.