Property Investor/Developmer
A Newbies Story
There are many people all over the country I am sure that can relate to my story, and I am sure there are many in avery similar position . So I hope this can help someone.
I have been interested in getting into the property business for years. For a long time as far as I knew the only way was to have a very well paid job or get an inheritance to use for a deposit, get a mortgage and start again .
For a long time it was dream for both myself and my dad . We would watch Homes Under the Hammer and Grand Designs wishing for the day we could do this for ourselves . As a working class man and a low income family we believed it was not possible for us unless we won the lottery.
Sadly my dad passed away never to fulfill the dream . So I decided to try to find another way.
I discovered Property Auction News . It had info on property auctions . Most were normal houses. But some the ones I loved the most and wanted for myself were the unusual properties such as windmills, police stations and my absolute favorite old bunkers . I would treasure the newsletters drive my husband crazy going on about my new favorite property that I wanted to buy . The only barrier was there was no way I could buy any of them .
I decided I would get properly educated so I went to college then University to study Business Management. I thought surely I could get a job in the industry. So I could make contacts and earn good money so I could be the investor I dreamed to be. I earned a 2:2 which is not bad considering I only left school with D's in GCSE. Whilst I was studying I was learning to drive , taking care of my 2 young children and my dad was fighting cancer. It was the hardest time of my life. But I was determined to succeed . After Uni I applied for many jobs in Estate agents and Letting Agents but no one would give me a chance as I had no experience. So I gave up for a while . I ended up working in Customer service , which I hated.
I stumbled across these two young guys from Peterborough who were buying all the run down low end houses they could . One of them started £50k in consumer debt! I need to find out how he did it!
Re-inspired I began to read again . The first was Property Magic by Simon Zutshi. Then 2 buy the Peterborough guys, Multiple Streams of Property Income and Property Investment Secrets. There was a way!!!!
I began to educate myself again with podcasts , books and I managed to get on taster courses and Masterclasses . I now know how I can achieve my dream . I learned about joint venture partnerships and lease options and deal packaging and many other strategies.
I am beginning with property sourcing and deal packaging. I have learned as much as I can and feel confident I can do this! I have been working on my business for a month now . No deals as yet , but I have investors and a great community behind me so I know I can achieve my dream.
I have made some really good friends along the way and a business partner who's strategy is investing in HMO's, which is my ideal way to start. But there are so many straegys to lrean about , the basic buy-to -let, which are single houses, HMO, which is rented out room by room, with all the bills included. Serviced Accomodation which is where a house is rented out on a short term basis to holiday makers, builders, or people working away from home for short periods of time for up to 4 months , which is too short to rent a flat but too long for a hotel this is a very high cash flowing strategy but also requires lots of work . Not my idea of fun .
After all these years I have finally found a way ! If you want it bad enough you will find away . Educate yourself you can achieve anything! Never give up . Don't waste your life with procrastination. Take life by the horns do it now! I believe in you.
About the Creator
Mikki Ashton
Hi all ! I am mum of teenage daughters, married for 20+ years and work full-time for Amazon Logistics . Animal lover with 3 dogs and a cat . Have a wide range of interests.
Comments
There are no comments for this story
Be the first to respond and start the conversation.