Hello,
I am proud to say at 19 years old i have managed to complete my first buy to let investment!
It is a split investment with a likeminded friend and we are both 19
In the UK it can be a pain to get a normal mortgage for your average person let alone two young persons.
A few banks shunned us at the first opportunity but it has been completed and the tenant is moving in very soon.
Things i learnt:
Be prepared to answer a lot of questions - i was asked many things even down to the cost of my commute each month.
No bonuses and overtime were allowed into calculation.
The bankers will look down on you a lot if you are in a similar position to me.
A financial adviser was not needed ultimately but came in very handy at some points.
I am proud to say at 19 years old i have managed to complete my first buy to let investment!
It is a split investment with a likeminded friend and we are both 19
In the UK it can be a pain to get a normal mortgage for your average person let alone two young persons.
A few banks shunned us at the first opportunity but it has been completed and the tenant is moving in very soon.
Things i learnt:
Be prepared to answer a lot of questions - i was asked many things even down to the cost of my commute each month.
No bonuses and overtime were allowed into calculation.
The bankers will look down on you a lot if you are in a similar position to me.
A financial adviser was not needed ultimately but came in very handy at some points.
Dislike ads? Become a Fastlane member:
Subscribe today and surround yourself with winners and millionaire mentors, not those broke friends who only want to drink beer and play video games. :-)
Membership Required: Upgrade to Expose Nearly 1,000,000 Posts
Ready to Unleash the Millionaire Entrepreneur in You?
Become a member of the Fastlane Forum, the private community founded by best-selling author and multi-millionaire entrepreneur MJ DeMarco. Since 2007, MJ DeMarco has poured his heart and soul into the Fastlane Forum, helping entrepreneurs reclaim their time, win their financial freedom, and live their best life.
With more than 39,000 posts packed with insights, strategies, and advice, you’re not just a member—you’re stepping into MJ’s inner-circle, a place where you’ll never be left alone.
Become a member and gain immediate access to...
- Active Community: Ever join a community only to find it DEAD? Not at Fastlane! As you can see from our home page, life-changing content is posted dozens of times daily.
- Exclusive Insights: Direct access to MJ DeMarco’s daily contributions and wisdom.
- Powerful Networking Opportunities: Connect with a diverse group of successful entrepreneurs who can offer mentorship, collaboration, and opportunities.
- Proven Strategies: Learn from the best in the business, with actionable advice and strategies that can accelerate your success.
"You are the average of the five people you surround yourself with the most..."
Who are you surrounding yourself with? Surround yourself with millionaire success. Join Fastlane today!
Join Today
