Supported living property investing is being talked about more and more, and lots of property investors want to know how to get started and how to avoid the pitfalls.
If you want to learn and understand more about the sector, it is really important that you look for people who have first-hand experience. You want someone with a clear and proven track record. A good mentor should be able to protect you from making mistakes as they will have trodden the path before you. They will have had experience in dealing with and negotiating leases, planning changes etc. They should have a black book of specialist contacts that they can share with you, their “Power Team”.
If someone is a full-time coach or educator in a specialist sector like supported living, you should ask why they are not actively investing themselves. Ideally, the answer is that they will be still sourcing and building their portfolios to keep up with current trends, updated legislation, and market conditions. They may have years of experience behind them and an established portfolio that does not need to grow any further. You should always ask.
There is a lot of so called “knowledge” out there about supported living property investment and development, but knowledge without hands on experience is nothing more than theory. Would you employ a brick layer who knows how to lay bricks from a book, or someone who’s actually laid thousands? You want to be working with someone who has experience as well as knowledge.
Using someone with extensive knowledge AND experience can help short cut complex arrangements and help solve problems you may face.
The team behind Supported Living Gateway has a huge amount of shared experience. Across the team we have 70 year’s experience investing in, and developing property and are also SSAS pension trustees.
Our team have a combined property portfolio of over £8 million+ and they are varied, between us we have BTLs, HMOs, SAs, blocks of apartments, commercial units and 56 supported living units with more in the pipeline.
Please do drop us a line at hello@supportedlivinggateway.com
When Andy and Julie approached retirement age, they never imagined their property investment journey would lead them to make such a profound impact on the lives of vulnerable children. Their story is a testament to the power of education, persistence, and partnership in the world of supported living investments.
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Securing finance for supported living properties can present unique challenges, but with the right approach and lender, it's not only possible but can be a rewarding investment.
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When investing in supported living properties, one crucial aspect that investors often misunderstand is the type of agreement needed between the property owner and the registered provider, or direct with the supported living provider. Many assume that an Assured Shorthold Tenancy (AST) is appropriate, but this is not the case.
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We are often asked about the difference between supported and social housing, so we thought this article might help clarify a few things. In the UK, both supported living and social housing play crucial roles in providing accommodation for those in need. However, these two types of housing serve different purposes and cater to different groups of people.
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