The Importance Of Understanding Your Strategy

The fundamental factor in deciphering your strategy is understanding your long-term personal vision. Where do you want to be 1, 5 & 10 years from now? What do you want from your life? Is it passive income that you seek that will enable you to live a more flexible lifestyle or would you like to create a business that will last multiple generations? Spend time jotting down your thoughts on a blank piece of paper of what you want from your relationships, your career, children, religion and helping those in need. 

Sharing the Strategies

Once you have decided what you want from life, selecting your strategy will become more clear. There are multiple strategies, a few of which are outlined below:

• Vanilla’ Buy to Lets 

• Flips

• HMOs

• Serviced Accommodation

• Commercial to Residential Conversions 

• New Build Schemes 

• Rent to Rent 

• Deal Sourcing 

  
  

The strategies outlined above all require different levels of time commitment & possess an array of risk & return, however, if carried out with the right framework for execution, can all be lucrative. The key to a successful execution is education, theatrically & practically. If it is an HMO portfolio that you are looking to build, read up on the strategy! Listen to podcasts, follow the Instagram accounts of leaders of that strategy.

Thankfully, we live in an age where the information that we seek is at our fingertips. There is so much free content out there that will enable you to build a solid platform prior to starting your property journey. 

If you have any questions on how to get started or deciding on your strategy, book a free consultation with the team using the enquiry form on our website!