As a first time buyer you’re either purely looking to buy your first place to live in yourself, or your first property is an investment property where you’re renting it out in order to generate more income for yourself.
Whatever the reason, with a little investment, when you buy a property you CAN then add value to it. For example, you buy it at a certain level, you spend a little bit of money refurbishing it, but then what do you do?
Get it re-valued. You could then re-mortgage, take the money out, still own the property and go and buy your next one.
However, finding the right location or, more importantly, an affordable location can be extremely challenging, Jonathan Pfahl shares his tips to get around this …
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