What kind of a property investor do you want to be?
According to Jussi Pajala, most people buy their own home first and move on to buy-to-let properties after that. Sometimes, people keep their first home and rent it out when they move to their next home. Property investing often requires a long-term approach.
Suvi Kinnunen’s investment strategy has varied over the years, and she doesn’t believe in having just one strategy.
Originally, she was interested in flipping, which means buying a property that needs to be renovated, renovating it and selling it for a profit. “When I was renovating my first property, I realised that I wasn’t excited about the renovation and didn’t even want to sell the apartment. So eventually I furnished it and rented it out on a short-term basis,” says Suvi Kinnunen.
She explains that she has gradually bought more properties and ended up using multiple strategies. According to Suvi, it’s essential to understand the different strategies and choose one that allows you to build on your strengths and benefit from the market situation.
Currently, she owns six properties: five of them are located in Helsinki and one in Kuopio.