Anyone had anything to do with these guys?

https://www.progressiveproperty.co.uk/

I know Rob Moore is an acquired taste and I would probably take all this with a pinch of salt if I didn't personally know of someone who is very successful doing this now from his training.

I lived in Peterborough for a couple of years as well fairly recently (on the same development as their offices) and used to see him cutting about in his various supercars, but never knew who it was!

 

No experience with them specifically however I have been a BTL landlord before and concluded it was not worth the hassle for me personally - although I appreciate it depends hugely on one's circumstances. The venture for me was only really profitable owing to significant (20%+) capital appreciation in the 3 year period I owned the property (a flat in a desirable area of Edinburgh). North of the border we have the additional dwelling supplement to consider too which also eats into profits.

Whether you use an agent or not will affect your profit significantly, not to mention the phasing out of tax relief on mortgage interest. If you're a cash buyer this obviously wouldn't apply though.

You then have to consider whether house prices are going to continue to perform as well as they have in recent decades - I suspect not but it's anyone's guess! There are also numerous potential headaches such as difficult tenants, empty periods, unforeseen maintenance costs and the illiquid nature of property investments etc.

Apologies if I am teaching you to suck eggs but I concluded that simply pound-cost-averaging into financial markets makes for an easier life with plenty potential for solid long term returns.

 

Thanks for your response.

There are so many models when it comes to investing these days. As I said in original post, I know someone who is now very successful so I'll be starting out essentially copying his method and take it from there.

 

I was a BTL for nearly 20 years.. For me, it was little more than constant aggravation and an investment that requires continuous attention. When i came to sell, the sale dragged on for 16 weeks plus i had to pay £'s in tax. There are much easier, more efficient ways of making money than messing about with property.