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Buy to Let: The Key Steps [Paperback]

Stuart Powers
3.3 out of 5 stars  See all reviews (6 customer reviews)

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Buy To Let: The Keysteps Series Buy To Let: The Keysteps Series 4.3 out of 5 stars (6)
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Product details

  • Paperback: 64 pages
  • Publisher: Stewart Ross Publishers Ltd (1 Feb 2000)
  • Language: English
  • ISBN-10: 0953756300
  • ISBN-13: 978-0953756308
  • Product Dimensions: 14.7 x 10.4 x 0.5 cm
  • Average Customer Review: 3.3 out of 5 stars  See all reviews (6 customer reviews)
  • Amazon Bestsellers Rank: 2,220,016 in Books (See Top 100 in Books)
  • See Complete Table of Contents

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Product Description

From the Publisher

The idea of "Buy to Let" may have attracted your interest because of concern about your pension or as a way of investing.

Whatever the reasons, "Buy to Let" by Stuart Powers will help you to decide if it is for you.

Stuart starts by clearly explaining the key steps you would need to take in order to be successful in buying and letting residential property.

He then focuses on five key issues that really matter, ranging from estimating likely profits through to selecting an agent and taxation of profits.

Finally he looks at how to avoid the most common pitfalls, such as disputes with tenants about the deposit and minimising gaps between tenants.

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Customer Reviews

3.3 out of 5 stars
3.3 out of 5 stars
Most Helpful Customer Reviews
94 of 94 people found the following review helpful
5.0 out of 5 stars Crammed full of common sense advice 5 Feb 2002
By A Customer
This book reminds me of the "Primers" in note form that got me through my exams in my youth.
I read it in just over an hour and was very impressed by the amount of common sense it crammed in - without having to wade through War and Peace to find it.
It starts by showing why, in general, it makes for better business sense to buy flats to rent rather than houses (25% better returns and less hassle) unless you go into furnished bedsits.
It then goes on to pick out a wide range of equally important aspects in the areas of : how much involvement you want personally, what types of tenant you should concentrate on and what location to buy in.
The book then dwells on the things that an experienced landlord might well find obvious - but for a beginner are absolutely essential if they are to make a success of it - including buying your first property, estimating the likely profit, minimising the risk, selecting an agent, taxation of profit, raising a loan.
The section on "Choosing a property - points to be aware of" and "What you should be aware of in regard to location" contained some crucial points that could save a fortune.
I also like the emphasis on "Cutting down gaps between tenants" - another crucial area that is so important in long term profitability and the use of Case Studies as examples.
As a book obviously targeted to help people with no knowledge of the topic who quickly wish to get at the essentials - it has succeeded brilliantly though a bit more information on finances would be useful.
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57 of 58 people found the following review helpful
This booklet gives the essential facts necessary to start in the buy to let business. It covers most topics including choosing and buying a property, working out the financial aspects,letting agents and the most common problems encountered. The first section is good on returns for various property types, amount of personal involvement you are prepared for and the way various types effect income and expenditure. Each section of the book is followed by a case history chosen to reinforce the guidelines given in the previous notes.
Location, a vital factor in being able to rent out easily is covered well but perhaps more emphasis could be placed on this important subject.The relevant facts are given but may be a little more priority could be attached to them.
The section on likely income and out goings is neat and to the point.Next comes risk reduction which is well explained in an easy to understand form. Possible mortgage systems follow. The middle section of the book covers letting agents and taxation succinctly. The book ends with common pitfalls and a miscellany of tips which are very helpful,if a little random. All in all an excellent little book for the price but a weightier tome would be advisable if actually going into this business.
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22 of 22 people found the following review helpful
By A Customer
If this book was written to illustrate the main advantages and pit falls of buy to let then it has suceeded.
The concept of buying a property in order to let it for profit is one many of us have entertained. Most reasonably financially aware people would be able to write much of this short work without any experience.
However the book does clearly list some of the more obvious problems in this business. Unfortunately buying property is so dependant on the location of that property, no book can give a s good advice as an estate or letting agent based near the property.
Basically this publication is a good start for you if you havn't decided if the business is for you. If you decide to proceed either get prfessional advice or read The Which Guide to Renting and Letting.
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