It was reported that Fergus and Judith Wilson are selling their property empire. These 2 ex-school teachers made a fantastic amount of money by investing in the property market. It seems to me, that their only minor financial mistake was that they never had an exit strategy, as it would have been better for them to have sold about 3 years ago when property prices were much higher.
The Wilsons are 2 colourful characters who pursued their big dream, and came from being mere maths teachers to a place on the Sunday Times UK Rich List. Their example shows that nobody is constrained by their beginnings, or by their current job. With a portfolio of over 900 properties, Judith Wilson is Britain's most successful private landlady.
Judith Wilson's website has good practical advice on pursuing your financial dreams, and she tells of how she did it. It's good to have a read through it to see just how she became so financially successful. I like the part where she tells of buying her first investment property but had to pay part of the mortgage out of her own wages. Instead of feeling bad that she had negative cash flow, and would have to meet the mortgage payments with part of her own income, she realised that she had secured a second house for just £40 a month. She also talks of why its better to buy houses than flats, as flats do not realise the same capital increase as houses.
The Wilsons are ordinary people who have achieved something extraordinary. They have had good press and bad press about their activities, but I like to look at the whole story and seek out the best bits, in order to learn more about UK property.
The Wilsons are 2 colourful characters who pursued their big dream, and came from being mere maths teachers to a place on the Sunday Times UK Rich List. Their example shows that nobody is constrained by their beginnings, or by their current job. With a portfolio of over 900 properties, Judith Wilson is Britain's most successful private landlady.
Judith Wilson's website has good practical advice on pursuing your financial dreams, and she tells of how she did it. It's good to have a read through it to see just how she became so financially successful. I like the part where she tells of buying her first investment property but had to pay part of the mortgage out of her own wages. Instead of feeling bad that she had negative cash flow, and would have to meet the mortgage payments with part of her own income, she realised that she had secured a second house for just £40 a month. She also talks of why its better to buy houses than flats, as flats do not realise the same capital increase as houses.
The Wilsons are ordinary people who have achieved something extraordinary. They have had good press and bad press about their activities, but I like to look at the whole story and seek out the best bits, in order to learn more about UK property.
No comments:
Post a Comment