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My question is:

Do you like buying and selling and making a quick profit (like Sarah Beeney?)

Or

Do you like buying and holding out for the long term, making a smaller profit in cash terms but building equity effortlessly?

Now this is a key question.  I am firmly in the latter category and this is what I bang on about in my books. 

The latter category type of person is an investor.  We buy and hold for the long term.  You can definitely call us Landlords as this is what we do.  We buy, we rent and skim a profit every month to create an inflation proof income for life.

The first category however cannot be over looked!  The market is about to turn.  Forget Property snakes and ladders now, it is definitely property ladders only.  So the opportunity to make a consistent £5,000 to £50,000 per property on refurbishment projects is a real possibility.

I am not sure how long your interest in property has been but The Property Ladder programme used to follow the format back in the day:

1. inexperienced couple buy an overpriced property
2. they refurbish the property based on what they like rather than based on potential profit
3. inexperienced couple over spend on budget thus making a loss on paper
4. the project took them longer than expected in which the market has risen
5. inexperienced couple make a small profit after expending a lot of effort and risking lots of cash.  No return on capital equation is done. Inexperienced couple pat themselves on the back as they made a profit and they go on and buy the next property.

I believe this is now possible.  If buying and selling is what really wets your appetitie and you know what you are doing then welcome back!  Say hello to big gains.  The first time buyers are on their way and they want to buy. 

And remember first time buyers do not understand cost per square foot.  If the property looks pretty and you have staged it well then you will get a sale.  Surveyors are under pressure to survey up now so I think the risk of down valuations may start to disappear.

Article Courtesy of Ajay Ahuja