💡Shining a light on property investors in and around the Croydon area💡 – 60 Seconds with…Xuan Meng.

Xuan worked for 10 years in the investment fund industry but is now a full time, successful property investor. Over the last few years she has built up a successful portfolio in South West London which now generates over £500,000 in gross rental income per year.

What is the property investment strategy that you have chosen?

I buy really run down properties, no more than 30 minutes from where i live, then renovate and refurbish them to add value either by extending them or obtaining planning permission. Once this is done i refinance and take out every single penny

What do you love about the world of property?

There are several things:

– I am my own boss
– It’s very creative
– It’s quite profitable
– It has a flexible timeline so i can spend more time with my little girl. My daughter is also the one who will benefit as i can pass over my portfolio to her when she is older

What advice would you give to your younger self, just starting out in the industry?

Start earlier!

What property hack (or website/app) do you know of that you’d recommend to others?

A lot of people pay for expensive training courses. Instead go onto the Amazon website and type into the search bar the subject matter you want to find out about. This is the way i have learned about property as well as from friends and support groups.

What are your property market expectations for 2021?

Prices will go up so I am still looking to buy and add value to properties.

If you would like to find out more about Xuan’s property journey please visit: www.cosyhauz.com