I’ve just launched my Property Investing Foundation Programme for people who want to know how to start in property investing.
My first module, within the programme of ten, is how to choose the right investing area and strategy – pretty fundamental to making progress and recognising the great returns that can be made.
We are so lucky these days with the information we have at our fingertips – at the click of a ‘Google’ button. So I thought I’d share with you a recent article that provides a good summary of the cities recommended for property investment. Manchester features with average house prices there at £152,000, then Liverpool, Sunderland and Luton.
Just beware if you’re tempted to buy outside your local area – that you probably need to find out as much as you can about the area and get to know it well.
You do need to go and visit it and network in that area before you can feel confident about the market and specific regions.
Who do you know that lives in and knows the area?
Just like in your local area – you know the good areas and bad areas, you know the transport links to and from the city centres, universities, hospitals etc.
Walk the streets, get a feel for the area, how does it feel?
Have fun doing it too – feel how it is on a weekend and a weekday, try out the local pubs – great places to find out more about the local area.