Updated: Sep 1
When I first got into buy to let property, I quickly realised seeing returns on my investments wasn't going to be a cakewalk. I've built my company Flyt with this in mind, to spare investors the same kind of troubles I first encountered when I entered Glasgow's market.
The challenges and hurdles I faced along the way were eye-opening. Initially, my property portfolio wasn't good enough, and I was paying extortionate purchase prices for properties that required a lot of further investment to renovate and decorate. Not only this but once I had finally had a property set up, I had no idea where to look to find tenants to occupy it.
I knew there had to be a better way for investors to navigate this complex landscape. That's why I decided to establish Flyt. At Flyt, we believe that property investment should be accessible, transparent, and rewarding for all. Our mission is to simplify the process, streamline operations, and provide comprehensive support to investors at every step of their journey.
It took time, but eventually, I got savvy and gained a lot of connections that helped me get through it all. I've got great partnerships with lots of local experts now, from mortgage brokers to solicitors. I've also got a great in-house development team who assist with renovating the properties I work with to turn them into amazing spaces I'm proud to let. Thanks to all this, I've been able to see great returns on investments not only in Glasgow but across the whole of Scotland.
I've learned that success in property investment goes beyond simply acquiring properties. Effective property management is a vital aspect of maximising returns and minimising risks. From finding reliable tenants to ensuring efficient maintenance and compliance with regulations, I knew I had to build a dedicated team to take care of the day-to-day operations so that our investors could focus on their long-term goals instead of needing to worry all the time about their properties.
As I reflect on my journey, I'm constantly reminded of the importance of personalised support. Since I was once one myself, I understand that every investor has unique goals and budgets, so I make sure Flyt can provide tailored assistance to meet their specific needs. Whether it's offering guidance on investment strategies, connecting them with trusted partners in finance or legal services, or providing ongoing support throughout the investment journey, we're committed to being a reliable and trusted partner for you so that you don't need to struggle as I did.
If you want to save yourself the headache of navigating the complexities of property investment, the answer is simple: don't do it alone. Book a call with us and let's talk about your goals.
If you're new to the property investment scene, you might be wondering what kind of money you should be expecting to invest to see great returns.
Of course, this can all wildly vary, but I typically prepare people to be willing to invest at least £30,000 for a standard buy-to-let property in the Glasgow area. However, if you're looking for a good investment with higher cash flow, you should be ready to invest upwards of £50,000, because it's in this area that your returns will be great.
I work with a lot of serviced accommodation in the Glasgow area, and to give you an idea of what sort of money you're getting back from all of this, while Flyt guarantees minimum yields of 10%, projects with an initial cash outlay between £30,000 and £50,000 stand to profit around £700-1000 per month. Naturally, that can vary depending on things such as the property's location, but it's a reasonable expectation to set out with.
If you want to know more about what kind of returns you'll see from your property once it's ready for letting, seeing some of Flyt's past projects should give you a good idea of what to expect.