Money Tips Daily By Charles Kelly, Former Ifa And Author Of Yes, Money Can Buy You Happiness.

Many people tell me that they want to get into property, but don’t know where to start or which strategy to choose. “Should I try residential or commercial”, they ask me, “single let buy-to-let or HMO’s?”. How will I find the money for deposits, which area should I invest in, should I use a limited company? These are all questions I get asked by people wanting to become a professional property investor. Firstly, let’s get rid of a few myths that may be holding you back from taking the first step. Myth No.1 You need your own money to get into property. Not true. There are a number of strategies you can use to get into property investment with either no money or by using other people’s money. Myth No.2 It takes years of experience and special skills to become a professional property investor. Nonsense. I’ve seen people become investors within a few weeks of taking a course and go on to build a portfolio much larger than “experienced” investors. Myth No.3 You need special connections and have to be “in the know”