If you listen to some real-estate experts, they will tell you that a good way to getting started is by doing what is known as birddogging – this is where you run around looking for dilapidated properties which you pass onto an experienced developer who buys it and gives you commission, called a referral or a birddog fee.

This option may be a good way to start gaining some experience and gain knowledge, but its ability to make you lots of money is quite limited as the developer is tho one who makes the real money.

The next step most people take is known as wholesaling – similar to birddogging, but taking it a bit further – it involves finding the abandoned or rundown houses but actually negotiating and buying the property at a wholesale’ price and then finding an investor to turn or ‘flip’ the property, making a tidy little profit as part of the deal.

A great many books and courses are available on this process, and many a good investor had their beginnings like this, but there are pitfalls that need to be avoided, especially for the inexperienced punter. The learning curve is often long and slow and money need to be risked – as will all risks, as the term implies there is the possibility of losing money.

short sales are another way for beginners to break into the property ladder game. This involves dealing directly with banks and financial institutions regarding a property that is in or about to be in foreclosure. This process of ’short sales’ can lead to buying properties at a greatly undervalued price but the process of negotiation is quite complicated and the details are long – be prepared to do your homework and play the waiting game.

These above mentioned methods are only 3 of many many ways of getting into the investment property game. we will be looking at some of the other methods in upcoming articles so be sure to look out for these.

When you are buying a new property either to live in or as an investment opportunity it is always a good idea to have a building inspection done. This can show up any defects that the building has along with the amount of money which you need to spend to put them right again. Building inspections shouldn’t be seen as another unwanted expense when it comes to purchasing a property as they can save you 1000’s by bringing to light architectural flaws both minor and major that you might miss with the naked eye.

Home owners also need to regularly take advantage of the businesses that provide building inspection services in their region. Having a building inspection carried out once every five years is the recommended amount of time between inspections. A standard inspection on a residential house covers areas such as foundations and footings, damp proof course, plumbing and electrical wiring, insulation, roof drainage, exterior wall structure and cladding.

Having a building inspection completed once every 5 years or so will help you to determine any issues that there might be with your home and permit you to get them fixed before they become more serious problems. Some of the most typical problems that are identified by building inspections are with the roof and roof spaces in the house because they are areas where problems can go undetected for very long periods.

A regular property inspection will help to lessen your overall level of expenditure on maintenance and will help to ensure that you avoid any nasty surprises in the future.

Hold up a minute and let’s relax a little. Let’s consider this. Here’s three reasons for you to utilize lettings agents Hastings to hire your property as an alternative to trying to do it all oneself.

First and foremost, on the "Pro" side, I might point out that using lettings agents is widely considered as the fastest method to let a house. Ok, I acknowledge your objection, for the "Con" side, and I agree you’ve got a valid point as you say they are going to charge a fee for their services.. However even though you are going to be charged a fee for their expertise it is better than having a house vacant and costing you money.

Secondly, you truly should consider that locating a quality renter for your home will take considerable time and effort from you. Inserting ads in papers etc and interviewing prospective property owners will take up a lot of your precious time. .

If you use an established letting agents regardless if you are a tenant or a landlord you know you are getting a high quality service. And which will mean your premises will be quickly off the market and making you income as opposed to standing vacant and costing you money. Further added to that you will find a weight off your mind knowing all of the effort of locating top quality tenants is being accomplished for you.

Once you consider the reasons and consider them, I expect that you will have to admit that a persuasive case can be made for making use of lettings agents to let your property.

Think about this seriously for a moment. When all the factors are considered using lettings agents makes sense as you will save time, money and effort.

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