The Way to Financial Freedom?

Thee are few people who would disagree that property investment is a way to financial freedom in retirement. But several factors can harms day to day cash flow. Your really need:

1. Contingency funds
2. Good scrutiny of each deal before you commit, to make sure that cash flow will be positive.

Think about the following:

• High bank charges - make sure you are not charged for every single action.
• Voids - they do happen.
• Charges by letting agents 10 -15% though you can get a good deal by having several properties with the same agency.
• Repair bills - rented accommodations tends to rot quicker that owned property - tenants don't feel a sense of ownership, are often sharing or are inexperienced householders, and usually finishes in rented property, although sturdy, are usually less robust than those used bu the home-maker.
• Rising interest rates.

Try to get positive cash flow -after all, that will also help you on the way to your next property