Time to move straight on to tip #2 in our series of buy-to-let investing top ten tips. Tip 1 was about basic research, tip 2 then builds on this by putting all this research into practice……

Tip 2: Choose a promising area

Promising does not mean most expensive or cheapest. Promising means a place where people would like to live and this can be for a variety of reasons.

Buy-to-let investing is not all smoke and mirrors and the preserve of long term serious and experienced investors. Much of it is common sense and about asking some simple questions.

Where in your town has a special appeal? If you are in a commuter belt, where has good transport? Where are the good schools for young families? Where do the students want to live?

You need to match the kind of buy-to-let property you can afford and want to buy with locations that people who would want to live in those homes would choose.

Sounds too simple, right?

Asking yourself these questions might sound over simplistic, but they are probably the most important aspect of a successful buy-to-let investment

In most cases people tend to invest in property close to where they live. On the plus side, they are likely to know this market better than anywhere else and can spot the kind of property and location that will do well. They also have a much better chance of keeping tabs on the property.

Yet it is also worth bearing in mind that if you are a homeowner then you are already exposed to property where you live – and looking for a different type of home in a different area might be a good move.

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