I’m a tech entrepreneur and that has not changed, but after six or seven years of trying to have at least moderate success, I’m starting to hedge my bets.
On the side, I want to have some passive income and it looks to me like buy and hold properties, that is, buying them and renting them out, also known as buy to let, is the way to move forward. I identified some very profitable areas and they are in the least expected places. For example, in London you can expect a return on investment of around 3% while I’m getting something around 16%.
If you want to listen to my journey, I’m documenting it as I go with Clayton Morris on his podcast about investing in property. He just published the second episode in which I talk about getting the money for my first two deals. I just pulled the trigger on starting the business. I’m super excited and I can’t wait to share more good news in the next episode.