I'm a busy professional, can i invest in property?

This week, I had the pleasure of assisting a busy solicitor in building wealth through property investment. As someone who started with ï¿¡24,000 worth of debt and grew a ï¿¡7 million property portfolio, I'm here to share insights on how busy professionals can invest wisely without compromising their demanding schedules.

Before delving into the details, it's crucial to note that I'm not a financial advisor, mortgage broker, solicitor, or accountant. I am simply someone who has navigated the world of property investment successfully and wishes to share my experiences.

The solicitor I recently worked with loves their career and has a busy family life but is keen on securing financial stability for the future. The dilemma faced is a common one among professionals with hectic schedules: how to build wealth while managing a full-time job and a young family?

Traditional approaches to property investment, such as buying rundown houses or managing local rental properties, often involve time-consuming tasks like property viewings, negotiations, DIY projects, and tenant management. For busy professionals, these methods can be impractical and detract from already limited personal and family time.

So, what are the alternatives? Should one rely solely on a traditional pension for retirement, or is there a smarter, more efficient way to invest in property?

My suggestion for the busy solicitor was to consider off-plan property investment. Before dismissing this idea as risky, let me explain why it's a viable option based on my own success in acquiring six off-plan properties.

Firstly, you need the funds, roughly around ï¿¡75,000, which can be sourced from savings, business cash, or home equity. Then, identify promising inner-city locations with high demand for rentals and substantial equity growth potential. Currently, I'm actively investing in Birmingham, where rental demand has soared by 77%, and supply has decreased by 24% over the last five years (Source: Zoopla).

City centres are attractive due to the significant demand from young professionals. Investing in apartments within blocks that offer shared workspaces, gyms, and other amenities ensures maximum return on investment and consistent high rents.

Choosing the right agent is crucial. A reputable agent can guide you through various developers, ensuring they meet specific criteria like full planning, a solid track record, client money protection, build quality, and return on investment. At Redmayne Smith, we conduct a rigorous evaluation before offering any development opportunity to our clients.

Off-plan investing is remarkably hands-free. You reserve an apartment off-plan, and during the 18 to 24 months of construction, you gain equity. Upon completion at the reserve price, you can secure top rents from professional tenants. This method, coupled with the support of experienced agents, mortgage brokers, and solicitors, makes for one of the most streamlined and stress-free investment strategies.

For busy professionals, off-plan investing offers a path to building wealth without sacrificing valuable family time. With a carefully crafted plan and the right investments, you can create a property portfolio that provides financial security for you and your family in the long run. If you're a busy professional considering property investment, explore the off-plan option and unlock a smarter way to secure your financial future. Redmayne Smith often run free seminars, click the link in my bio to find out more and join one.