Nick Millican Talks About London Property: How Anyone Can Invest
Did you know you can invest in property all over London, even if you are not a landlord or homeowner? You sure can. This is a fact backed up by Nick Millican, a seasoned investment, asset management and development expert. Here’s how to become a property investor in London:
- Real Estate Investment Trusts
Income-generating commercial and residential properties are bought by a Real Estate Investment Trust, Nick Millican explains. The REIT allows people to buy shares, and the rent collected from these places is distributed to the investors as dividends.
The great news is that there is no minimum investment, making it one of the most affordable and common ways to become a property investor. Nick Millican advises people interested in purchasing REITs to get a stockbroker. This, because they are traded on the London Stock Exchange.
- Allbricks
With this system, you purchase a percentage of a property and bring in other interested parties to take up the rest. You are required to pay stamp duty because of the share you own in the property. You need not concern yourself with the maintenance of the property as you are not a landlord.
Experts like Nick Millican view this as a welcomed way to invest in property because
- You can sell your percentage anytime you feel like
- You can invest in as many properties as you wish
- With £2000, you can be a property owner
Nick Millican finally states how the two are great ways to become a property investor and reap amazing benefits without being a landlord.