His interest piqued around five years ago, and he began subscribing to as many property forums and newsletters as he could, as well as researching property investment strategies.
Richard is now a successful residential property investor, with a portfolio of properties spread across the country from Cornwall to Scotland. Property investment is his passion and his long term goal is to continue learning and share his knowledge with others.
In this interview, you'll learn:
- How Richard's involvement in property started with him becoming an accidental landlord
- How Richard's investment strategy came from gleaning knowledge and lessons from tried and tested strategies
- How Richard's investment strategy changed over time
- Why Richard decided not to restrict himself geographically
- His thoughts on income versus capital appreciation
- How Richard finds the best deals
- What criteria he uses when assessing potential investment properties
- His thoughts on the practicalities of investing afar
- How he builds and manages his outsourced relationships
- How he ascertains local property values
- Why Richard values his own time so highly
- The importance of getting second opinions and recommendations
- Richard's predictions for property prices over the next 3-5 years
- Why he believes that capital, long term growth is more important that short term speculative gains
- Why clearly defining your property goals is so important