Are you tired of working for someone else? Do you get frustrated with your career prospects? Are you a budding entrepreneur? The property business is just the thing for you!
Most people agree that property ownership is usually a good thing, but did you know that you can turn property ownership into a business? There are various options for you to consider as you try to turn your property into a revenue stream. In this post, we’ll go over some basic options and point you in the right direction so you can make an informed choice.
1. Buy-to-Let; Residential or Commercial
Probably the most well-known option on the list, buy-to-let is the perfect way to turn your property ownership into a business. Why not purchase a home and let someone else pay the mortgage for you, and make a little bit of extra money on the side? We can help you navigate the waters of buy-to-let mortgages.
You can even purchase a property and let it out to a business. This is often much more stable, dependable rental income, especially if the business is well-known in your area.
2. Become a Property Specialist or open a Pearson Ferrier Franchise
This option allows you to franchise an existing estate agency, and is a great option for entrepreneurs who want low start-up costs and increased work flexibility. You can work directly from home providing services for thousands of homeowners in a particular area, and, you can focus on building relationships with your clients locally.
At Pearson Ferrier, there are 3 different franchise routes you can take to reach your goals. The benefit of franchising with Pearson Ferrier is the excellent reputation you gain automatically when you start your own business. We have all the tools you need to succeed and we’re here to make sure you do well!
3. Start flipping homes
You can purchase homes, remodel or renovate them, and sell them for a tidy profit. You can use the money you make from the flip to put a payment down for your next property, and so-on. It takes some work and some savvy, but we can help you figure it all out.
In the meantime, it’s a good idea to do further research on the potential returns you can make with this method.
4. Collect properties to sell in the future
Did you know it only takes 1 million in paid-for property to produce a retirement income of 75,000 to 80,000 a year? That’s 10 home that you purchase for 100,000. You can purchase these homes to use as rentals for your retirement income, or you can purchase these homes, collect rental income, and then, sell them in 10 to 15 years – potentially providing much higher returns on your investment.
Work alongside Pearson Ferrier
There are many options you can consider for turning your property ownership into a revenue stream. At Pearson Ferrier we can help talk you through all of your options and come up with an action plan that works for you.
Pearson Ferrier work with many property investors, from small to large sized portfolio’s, and have the experience and systems in place to get the best out of your investment.
Our experts have experience, knowledge, and the desire to see you succeed. Give us a call today on 0161 764 4440.
Further info: To learn more about becoming a franchise owner with Pearson Ferrier, visit our franchise website or contact our franchise team on 0333 207 0799.