Each investor has their own unique personal circumstances and objectives when it comes to property investment.
Some will choose to buy in cash whilst others may take the option of a mortgage. Some are focused on targeting a high yield and “beating the banks” whereas others may be happy to play the long game and enjoy the benefits of capital growth.
And, to bring us round to this discussion, some will rely on the services of a property investment partner whereas others prefer to go it alone.
We talk about the benefits of creating your property investment team in another blog but first let’s look in more detail at what a property investment partner may offer you and why you might want to engage with one before making your next property move.
What Will a Property Investment Partner Do For You?
In short a property investment company will allow you a hands off approach to property investment by finding you the right investment at the right price based on your own budgets and objectives.
Through their networks – whether that be on or off market channels – they’ll identify the property (or properties) most suited to your needs based on an initial consultation.
As mentioned above, different companies will operate at different levels of the market so it’s crucial to find one that’s aligned to your own goals. Don’t be afraid to ask for examples of previous successes to help you make that decision.
A further key role they play is in connecting you to other relevant property professionals such as a mortgage broker, tax expert, conveyancing solicitor, and letting agent, who can all play a crucial part in the success of your investment.
What Are The Advantages?
Here are 6 key advantages of working with a property investment partner:
The above are all very positive reasons for engaging with a property investment partner but there are also some other points to be aware of before deciding to proceed with one.
Is Working With a Property Investment Partner Right For you?
Working with a partner isn’t necessarily right for everyone. If you’re an investor with intimate knowledge of the area you’re investing in, have suitable time on your hands, and have the appetite for the various tasks involved then perhaps going solo is the way for you.
However, if you’re lacking in any of the above areas, if some (or all) of the key advantages mentioned above appeal to you, or if you prefer a hands-off approach to property investment then it may be an idea to begin researching the best investment partners in your chosen area.
If you’re among the many investors who are currently being drawn to the Glasgow market and would like to discuss working with us here at Park Gate Investments, then click the link below and a member of our investment team will be in touch to arrange an initial consultation.