Diary of a UK Property Investor – www.hbfinvestments.co.uk
The second great way I found to finding investment properties came from building relationships with one particular estate agent that I clicked with. I bought my next fantastic deal in Loughborough in this way – a student house with 5 lettable rooms making me an £800pcm profit!
Better still; the estate agent that sold it to me also rents it out for me through their letting agency, so I have no hassle collecting rents on a room by room basis. This perceived hassle is the greatest deterrent to property investors buying HMO’s and managing room rentals – so also I had a bit of luck!
It took a few months [not a long time] and a bit persistent endeavour with the estate agency to eventually get the nod from the agent to buy this investment property deal. It was simple perseverance but also having the mortgage and funds in place ready to buy quickly that eventually got me this deal.
Building relationships with agents is not easy and it takes time but if you are in a position to buy and you are determined and they come to like you – trust me it will pay off and it does not take long for the estate agent to try and find you the deal you are looking for. After all, they want their commission!
