Working as a yacht crew member can provide brilliant opportunities to invest in property. Many crew find they don’t know what to do after retiring from the industry. Without enough savings to stop working, or no clue of what the next steps could be, it can be a challenging time. Being smart with your money and taking the time to learn about property investment can lead to passive income and early retirement! At Crewfo, we strongly advise this for anyone in the industry, so continue reading to hear how we can help you do this.
Five tips for getting started investing in property
- Start early. By the end of your 2nd year of yachting, you should be looking to buy your first investment property.
- Consider seeking advice. Getting professional advice will save you lots of time and money in the long run. We are here to help.
- Be realistic. Nobody spends £400,000 on a rental property as it will make less money. £130,000 to £165,000 is plenty.
- Try to stay objective. Remember, this is an investment. You are never going to live there, so you don’t need to “love it”.
- Don’t delay. It’s easy to make excuses for not doing things. Don’t do this with property investment. The longer you wait, the less money you make.
Crewfo can help!
Although you can get financial advice from many places, Crewfo is solely dedicated to aiding yacht crew. We know what it’s like to work in the industry and feel we have the understanding to offer advice.
Our property investment specialists will guide you through the entire process:
- Advising on the best regions to buy property in
- Looking at the budget, return on investment and rental income
- Creating a property shortlist for you
- Viewing properties and negotiating on your behalf
- Market and manage it once you have bought it
So you see, we really do provide a completely hassle-free solution. More and more yacht crew are using our service as they find it the simplest way to begin investing in property.
We also have our team of mortgage brokers who have an unbroken record of getting crew mortgages. And guess what, unlike other companies, they don’t charge for advice or an agreement in principle!
So, no more excuses. If you are ready to get the ball rolling, why not get in touch by clicking here.