After years of successfully building and managing his own property business, Gerry FitzGerald has produced a thorough and comprehensive guide to investing wisely and profitably in residential property. Areas covered in this book include: The right properties to buy, and where to find them; the best tenants to look for, and how to find them; use an agent, or do it yourself; pros and cons of student houses; how to buy well at auction; choosing the right mortgages and bridging loans; tax and how to reduce it; and, the law and how it affects the property investor.Gerry's long and successful experience also leads him to challenge much of the accepted wisdom surrounding the buy-to-let market. He offers genuine inside information for the new investor: how to manage the risks of buying new-build and off-plan; the real meaning of the developer's 'rental guarantees' and instant 'discounts'; the realities behind the slick marketing of investor clubs; how letting agents can damage your wealth; and, avoiding the pitfalls of the bridging loan industry. This book is essential reading for the residential property investor whatever their experience.Contents: Preface; PART ONE: The Concept; 1. Supply and demand; 2. The risks; PART TWO: Finance; 3. The buy-to-let mortgage; 4. The let-to-buy mortgage; 5. 100 per cent finance?; 6. Choosing a lender; 7. Mortgage products; 8. Methods of repayment; 9. The mortgage broker; 10. The mortgage process; 11. Bridging finance; PART THREE: Properties; 12. Your objective; 13. Student houses; 14. Flats and leases; 15. Conversions; 16. Propose Built 17. Auction Properties; 18. New Build or Old; 19. Buying Off Plan; PART FOUR: Tenants; 20. Using Agents; 21. DIY; 22. What Tenants?; 23. The Tenancy Agreement; 24. To Do List; PART FIVE: Legal Matters; 25. Tenants' Deposits; 26. Recovering Possession; 27. Landlord's Obligations; PART SIX: Tax; 28. Capital Gains tax; 29. CGT Manoeuvres; 30. Income Tax; 31. Income Tax Manoeuvres.
Gerry Fitzgerald has built a multi-million pound property portfolio which he manages himself. As a former Independent Financial Adviser he is further qualified to offer insight and guidance on the buy-to-let mortgage market. With long experience, both of using letting agents and of managing properties himself, he can speak with authority on the benefits and pitfalls of both approaches. He also runs a successful holiday letting business.