So I'm quite interested in investing in property and am also keen on having some form of passive income which I can build up over time.
For those of you working full-time in finance (IB / PE etc.), has anyone managed to start / build a portfolio of buy-to-let properties alongside their full-time job? I can imagine it being difficult given time constraints but would appreciate people's thoughts on this. I'm trying to figure out if I'm being naive and underestimating the time I'd have to dedicate to such a venture whilst working in IB (London).
Also, I wanted to get some insight on how I should approach my first investment and any advice for the long-run, especially from those who are buy-to-let investors themselves.
I'd appreciate everyone's thoughts.
Bump.
Hi there,
I really liked your post, did you receive any interesting feedback?
Tax changes now make buy to let far less favourable than it once was. It can of course still be done but if you are buying anywhere near London the ROI will be pretty horrendous and probably not worth the stress.
My advice would be to:
1) invest through a company to avoid section 24 restrictions and have more control about how and when you are taxed.
2) invest in properties up north for two reasons:
A) cheaper properties so less exposure to Annual Tax on Enveloped Dwellings (ATED)
B) Generally better rental returns as a % of property value
I hope this helps.
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