{"id":228,"date":"2019-02-01T07:14:00","date_gmt":"2019-02-01T07:14:00","guid":{"rendered":"https:\/\/sidehustletofreedom.co.uk\/?p=228"},"modified":"2019-02-01T07:14:00","modified_gmt":"2019-02-01T07:14:00","slug":"can-we-make-buy-to-let-pay","status":"publish","type":"post","link":"https:\/\/sidehustletofreedom.co.uk\/?p=228","title":{"rendered":"Can we make buy to let pay"},"content":{"rendered":"\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" src=\"https:\/\/sidehustletofreedom.co.uk\/wp-content\/uploads\/2020\/05\/toa-heftiba-nrSzRUWqmoI-unsplash-1024x683.jpg\" alt=\"\" class=\"wp-image-547\"\/><figcaption>Photo by&nbsp;<a href=\"https:\/\/unsplash.com\/@heftiba?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Toa Heftiba<\/a>&nbsp;on&nbsp;<a href=\"https:\/\/unsplash.com\/s\/photos\/houses?utm_source=unsplash&amp;utm_medium=referral&amp;utm_content=creditCopyText\">Unsplash<\/a><\/figcaption><\/figure>\n\n\n<h2 class=\"wp-block-heading\">Can we make buy to let pay<\/h2>\n\n\n<p class=\"wp-block-paragraph\">We agreed to focus on one thing at a time since they are side hustles. We still need time to do the day jobs and keep our hobbies. This month we&#8217;re focussing on buy-to-let property.<\/p>\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n<blockquote class=\"wp-block-quote has-text-align-right is-layout-flow wp-block-quote-is-layout-flow\"><p><em>Buy-to-let is a British phrase referring to the purchase of a property specifically to let out, that is to rent it out. A buy-to-let mortgage is a mortgage loan specifically designed for this purpose. Buy-to-let properties are usually residential but the term also encompasses student property investments and hotel room investments.<\/em><\/p><cite>Buy-to-let, Wikipedia, 1 February 2019.<\/cite><\/blockquote>\n\n\n<hr class=\"wp-block-separator\"\/>\n\n\n<p class=\"wp-block-paragraph\">We&#8217;ve brainstormed a list of things we need to think about<\/p>\n\n\n<ul class=\"wp-block-list\"><li>can it make a profit?<\/li><li>what kinds of properties could we buy?<\/li><li>does tax eat into profits too far?<\/li><li>tenants &#8211; it&#8217;s been 25 years since we last rented, how do they find properties and what are they looking for?<\/li><li>is it as easy as Homes under the hammer makes it look?<\/li><li>where should they be? close to home? England? Scotland?<\/li><li>what does a letting agent do?<\/li><li>rules and minimum standards?<\/li><li>What even is an HMO anyway?<\/li><li>who can help us figure this out?<\/li><li>what does our accountant think about buy to let?<\/li><li>flats or houses or commercial property?<\/li><\/ul>\n\n\n<h4 class=\"wp-block-heading\">How&#8217;s it going to work?<\/h4>\n\n\n<p class=\"wp-block-paragraph\">We&#8217;ve also decided how we&#8217;re going to think about them. This doesn&#8217;t mean going off into a quiet room and closing our eyes. It means dividing the list up so we have specific things to &#8220;own&#8221;. Doing research, making notes and suggesting conclusions. Finally we sit down to share what we&#8217;ve learned and talk it all through. Hopefully this is enough to take some decisions but if not, we can make a new list of things to think about.<\/p>\n\n\n<p class=\"wp-block-paragraph\">This is quite a big topic to start off with. It feels like this could be a whole job by itself instead of a side hustle but we still think it&#8217;s worth exploring. You never know what&#8217;s going to be interesting and profitable. We&#8217;d always joked about buying another property on the other side of the border. Maybe buy-to-let is how we&#8217;ll make it happen!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Can we make buy to let pay We agreed to focus on one thing at a time since they are side hustles. We still need time to do the day jobs and keep our hobbies. This month we&#8217;re focussing on<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[16,20,49],"class_list":["post-228","post","type-post","status-publish","format-standard","hentry","category-buy-to-let","tag-buy-to-let","tag-definitions","tag-property"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Can we make buy to let pay - Side Hustle to Freedom<\/title>\n<meta name=\"description\" content=\"This month we&#039;re focussing on buy-to-let property. This is the list of things we need to think about and how we&#039;re going to think about them.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sidehustletofreedom.co.uk\/?p=228\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Can we make buy to let pay - Side Hustle to Freedom\" \/>\n<meta property=\"og:description\" content=\"This month we&#039;re focussing on buy-to-let property. 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