Safety Net: “a safeguard against possible hardship or adversity”
In a departure from Mark’s usual focus on structural issues, in line with this month’s theme of taking time out, he shares his experience of when life has intervened and forced him to step back for a while. Life has a tendency to throw curve balls and property can provide a very good cash flow safety net. We’ve been involved in property investing since 1991. Our focus for many years was initially our careers and a variety of businesses, some of which we even made a little money in. However, year after year we accidentally did well in property. There was no grand design or plan, we simply took advantage of whatever property came along that we thought we could make work for us.
Our first few years were spent doing flips, then we built a BRR portfolio of BTL properties and latterly we’ve moved onto commercial conversions, blocks of flats and larger projects. We never realised how important in future these decisions would be.
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