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Investor Success Stories

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CLIENT PROFILE

Name:

Ages:

Work:

Location:

Family:

Aarti & Simal Raicha

39 & 42

Business owner & mum

London

3 sons

SERVICE RATING
RESULTS

Purchase Price: 

Refurbishment: 

Funds Required: 

Gross Rent: 

Cash Flow: 

Rental Return:

£83,500

£902

£32,927

£6,300

£3,000

9.1%

CLIENT PROFILE

Name:        Aarti & Simal Raicha
Ages:         39 & 42
Work:         Business owner & mum
Location:   London
Family:       3 sons

SERVICE RATING
RESULTS

Purchase Price:        £83,500
Refurbishment:        £902
Funds Required:      £32,927
Gross Rent:               £6,300
Cashflow:                  £3,000
Rental Return:         9.1%

"We are planning for the future and building a legacy for our children.

We are also business owners, so we have to plan for our own retirement. So the investments will help us when we decide to wind things down.

We don’t want to work for the rest of our lives and personally I’d like to retire at 50, so I’m in a hurry to grow our wealth."

Aarti Raicha

OVERVIEW

Seasoned investors Aarti and her husband Simal Raicha had 5 buy-to-let (BTL) properties under their belt when they were referred to us back in 2017. Their BTLs were in Nottingham and across Wales, and they invested with us in Leeds because they wanted to diversify their portfolio while minimising downtime from their business and family life. We chatted to Aarti about the couple’s investment strategy and decision to invest in Leeds.

Untitled design (13)

We’ve been able to live our lives and forget about the investment completely

OVERVIEW

Seasoned investors Aarti and her husband Simal Raicha had 5 buy-to-let (BTL) properties under their belt when they were referred to us back in 2017. Their BTLs were in Nottingham and across Wales, and they invested with us in Leeds because they wanted to diversify their portfolio while minimising downtime from their business and family life. We chatted to Aarti about the couple’s investment strategy and decision to invest in Leeds.

Untitled design (13)

We’ve been able to live our lives and forget about the investment completely

WHAT WERE YOU TRYING TO ACHIEVE WITH THIS INVESTMENT?

We are planning for the future and building a legacy for our children, just like our parents did for us. When my dad died, he left a couple of properties for me and my mum and as a result, we were able to live a comfortable life. When my mum passed away, she left those assets in my name, so I’ve been lucky to benefit from my parents’ legacy. I want to carry this down into the next generation – we’ve got 3 boys and ideally we’d like to be in a position to leave each of them a portfolio of properties.

As business owners, we have to plan for our own retirement, so the investments will help us when we decide to wind things down. We don’t want to work for the rest of our lives and personally I’d like to retire at 50, so I’m in a hurry to grow our wealth.

DID YOU GET WHAT YOU WANTED FROM THE SERVICE?

Yes, I’ve got a lovely house in Leeds. I’ve never seen it, nor been to Leeds, but my name is on the deeds and it’s there if/when any of my children decide to go to work or university in Leeds. Our money is tucked away and the returns are coming in every month. We’ve been able to live our lives and forget about the investment completely.

WHAT WOULD YOU TELL A PROSPECTIVE BUYER ABOUT LIFESTYLE?

Trust them!

WHAT 3 WORDS OR PHRASES WOULD YOU USE TO DESCRIBE LIFESTYLE PROPERTY PEOPLE?

1. Professional

2. Problem solvers

3. Excellent customer service

WHAT WERE YOU TRYING TO ACHIEVE WITH THIS INVESTMENT?

We are planning for the future and building a legacy for our children, just like our parents did for us. When my dad died, he left a couple of properties for me and my mum and as a result, we were able to live a comfortable life. When my mum passed away, she left those assets in my name, so I’ve been lucky to benefit from my parents’ legacy. I want to carry this down into the next generation – we’ve got 3 boys and ideally we’d like to be in a position to leave each of them a portfolio of properties.

As business owners, we have to plan for our own retirement, so the investments will help us when we decide to wind things down. We don’t want to work for the rest of our lives and personally I’d like to retire at 50, so I’m in a hurry to grow our wealth.

DID YOU GET WHAT YOU WANTED FROM THE SERVICE?

Yes, I’ve got a lovely house in Leeds. I’ve never seen it, nor been to Leeds, but my name is on the deeds and it’s there if/when any of my children decide to go to work or university in Leeds. Our money is tucked away and the returns are coming in every month. We’ve been able to live our lives and forget about the investment completely.

WHAT WOULD YOU TELL A PROSPECTIVE BUYER ABOUT LIFESTYLE?

Trust them!

WHAT 3 WORDS OR PHRASES WOULD YOU USE TO DESCRIBE LIFESTYLE PROPERTY PEOPLE?

1. Professional

2. Problem solvers

3. Excellent customer service

WHY WERE YOU INTERESTED IN INVESTING IN LEEDS?

Properties outside of London are cheaper and come with lower risk, because you’re crystallising your returns on a monthly basis rather than having to cross your fingers and hope that the property price will increase over a decade or more. We’ve found that the yields are much higher in the North – you invest small money but get big returns.

SO YOU'RE AS OPTIMISTIC ABOUT THE NORTH AS WE ARE?

When we started investing, we didn’t have enough money to buy in London as it was too expensive. Our strategy at the time was to build up our cashflow rather than focus on capital gains, so we could save up enough money to buy our next property. We took the risk of investing in Wales first – even though it’s a 3-hour drive away – and we haven’t looked back: almost all our properties are outside of London. I’m not losing any sleep over them because we’ve distributed our risk.

WHAT DO YOU VALUE ABOUT LIFESTYLE’S SERVICE?

With 3 kids and a business, I’m quite time-poor, so the fact that Lifestyle took care of everything without me having to do much was a big deal for us.

WHAT WAS IT ABOUT OUR SERVICE THAT IMPRESSED YOU THE MOST?

The personal service was brilliant. We loved that we had the chance to meet the team in the flesh and that the founder took the time to chat with us and didn’t just pass us straight on to a sales person – that instilled a lot of confidence in us. Any problems were dealt with quickly and easily, and there was always someone available to answer all my silly questions, patiently.

HOW WERE WE DIFFERENT TO OTHER COMPANIES YOU’D MET?

Prior to meeting Lifestyle, we had already had dealings with other people in the property industry. We had trusted them and got burnt, so I was very sceptical about the whole thing. Our money is hard earned and with 3 kids to worry about, we need to make sure we’re investing it correctly – especially because 13 years ago we only had about £1,000 to our name! I was sceptical and did give the Lifestyle team a hard time – mostly for my own sanity – but I’m so glad that things worked out well and everything went smoothly. There are cowboys in every industry – it was my bad luck that I met the cowboys before meeting Lifestyle.

TELL US ABOUT YOUR PREVIOUS INVESTMENT EXPERIENCE

We already had a few properties in the North of England – 2 in Wales and 3 in Nottingham – some of which we invested in ourselves and some we inherited when my father passed away. My family, especially my father and grandfather, have always encouraged me to invest in property; they think it’s the safest investment you can have. My grandfather owned a whole street in his hometown of Kenya – in an area that was equivalent to Kensington in London – and he taught his children to do the same. My dad passed on this wisdom to me and would always say, “before you buy a car you must buy a house!”

HOW DID THIS INVESTMENT COME ABOUT?

At the time that we met Lifestyle Property People, our business was doing well and we had some cash that we had extracted from our business. We wanted to put that money into bricks and mortar, to build our ‘rainy day fund’. I consider property to be a good, stable investment, particularly because it’s tangible – that is, I can drive past and touch it – whereas stocks and shares make me feel a little insecure because they are just numbers on a computer somewhere!

AS WELL AS LEAVING BEHIND A LEGACY, WHAT ELSE WERE YOU TRYING TO ACHIEVE?

We moved to the UK from Kenya about 13 years ago and we barely had anything. We’ve worked so hard to create what we have now. We don’t want our kids to have to struggle for money or work as hard as we’ve had to. As well as giving them a good education and a variety of travelling experiences, we’re in a fortunate position to be able to pass something down to them, so why shouldn’t we?

Our eldest son has a rare medical syndrome so the chances of him going out to work are slim – we’re trying to build something that will give him financial security for the rest of his life. This is another key reason we have been investing – his therapies are costly and in the future he’ll need this income to sustain his lifestyle; he may even need a full-time carer so we need to make sure he has what he needs. We want to ensure everything is set up for him in case something happens to us.

HOW ELSE DOES THIS BENEFIT YOUR BOYS?

We’ve always had open conversations with our sons about money. We even talk to them about property prices and how much we’re investing. The education system doesn’t teach kids enough about real life finances and I want my kids to learn to grow their money, just as we have. We were brought up with an entrepreneurial spirit – always taught to be our own bosses and to build something of our own.  I want my kids to also be passionate about building their own lives and making their dreams come true.

TELL US MORE ABOUT HOW YOU’RE TEACHING YOUR KIDS ABOUT INVESTING

To help them learn about taking risks and get that investment mentality instilled in them, we’ve played a lot of Monopoly and Cashflow (the Rich Dad investing board game by Robert Kiyosaki). We’ve got the knowledge so if we can pass it to them at the right time, they can use it to enhance their skills. I watched my father and grandfather invest in property in Kenya, but here in the UK it’s another ball game. I will continue to encourage my sons to do everything they can to be the best that they can be.

WHY WERE YOU INTERESTED IN INVESTING IN LEEDS?

Properties outside of London are cheaper and come with lower risk, because you’re crystallising your returns on a monthly basis rather than having to cross your fingers and hope that the property price will increase over a decade or more. We’ve found that the yields are much higher in the North – you invest small money but get big returns.

SO YOU'RE AS OPTIMISTIC ABOUT THE NORTH AS WE ARE?

When we started investing, we didn’t have enough money to buy in London as it was too expensive. Our strategy at the time was to build up our cashflow rather than focus on capital gains, so we could save up enough money to buy our next property. We took the risk of investing in Wales first – even though it’s a 3-hour drive away – and we haven’t looked back: almost all our properties are outside of London. I’m not losing any sleep over them because we’ve distributed our risk.

WHAT DO YOU VALUE ABOUT LIFESTYLE’S SERVICE?

With 3 kids and a business, I’m quite time-poor, so the fact that Lifestyle took care of everything without me having to do much was a big deal for us.

WHAT WAS IT ABOUT OUR SERVICE THAT IMPRESSED YOU THE MOST?

The personal service was brilliant. We loved that we had the chance to meet the team in the flesh and that the founder took the time to chat with us and didn’t just pass us straight on to a sales person – that instilled a lot of confidence in us. Any problems were dealt with quickly and easily, and there was always someone available to answer all my silly questions, patiently.

HOW WERE WE DIFFERENT TO OTHER COMPANIES YOU’D MET?

Prior to meeting Lifestyle, we had already had dealings with other people in the property industry. We had trusted them and got burnt, so I was very sceptical about the whole thing. Our money is hard earned and with 3 kids to worry about, we need to make sure we’re investing it correctly – especially because 13 years ago we only had about £1,000 to our name! I was sceptical and did give the Lifestyle team a hard time – mostly for my own sanity – but I’m so glad that things worked out well and everything went smoothly. There are cowboys in every industry – it was my bad luck that I met the cowboys before meeting Lifestyle.

TELL US ABOUT YOUR PREVIOUS INVESTMENT EXPERIENCE

We already had a few properties in the North of England – 2 in Wales and 3 in Nottingham – some of which we invested in ourselves and some we inherited when my father passed away. My family, especially my father and grandfather, have always encouraged me to invest in property; they think it’s the safest investment you can have. My grandfather owned a whole street in his hometown of Kenya – in an area that was equivalent to Kensington in London – and he taught his children to do the same. My dad passed on this wisdom to me and would always say, “before you buy a car you must buy a house!”

HOW DID THIS INVESTMENT COME ABOUT?

At the time that we met Lifestyle Property People, our business was doing well and we had some cash that we had extracted from our business. We wanted to put that money into bricks and mortar, to build our ‘rainy day fund’. I consider property to be a good, stable investment, particularly because it’s tangible – that is, I can drive past and touch it – whereas stocks and shares make me feel a little insecure because they are just numbers on a computer somewhere!

AS WELL AS LEAVING BEHIND A LEGACY, WHAT ELSE WERE YOU TRYING TO ACHIEVE?

We moved to the UK from Kenya about 13 years ago and we barely had anything. We’ve worked so hard to create what we have now. We don’t want our kids to have to struggle for money or work as hard as we’ve had to. As well as giving them a good education and a variety of travelling experiences, we’re in a fortunate position to be able to pass something down to them, so why shouldn’t we?

Our eldest son has a rare medical syndrome so the chances of him going out to work are slim – we’re trying to build something that will give him financial security for the rest of his life. This is another key reason we have been investing – his therapies are costly and in the future he’ll need this income to sustain his lifestyle; he may even need a full-time carer so we need to make sure he has what he needs. We want to ensure everything is set up for him in case something happens to us.

HOW ELSE DOES THIS BENEFIT YOUR BOYS?

We’ve always had open conversations with our sons about money. We even talk to them about property prices and how much we’re investing. The education system doesn’t teach kids enough about real life finances and I want my kids to learn to grow their money, just as we have. We were brought up with an entrepreneurial spirit – always taught to be our own bosses and to build something of our own.  I want my kids to also be passionate about building their own lives and making their dreams come true.

TELL US MORE ABOUT HOW YOU’RE TEACHING YOUR KIDS ABOUT INVESTING

To help them learn about taking risks and get that investment mentality instilled in them, we’ve played a lot of Monopoly and Cashflow (the Rich Dad investing board game by Robert Kiyosaki). We’ve got the knowledge so if we can pass it to them at the right time, they can use it to enhance their skills. I watched my father and grandfather invest in property in Kenya, but here in the UK it’s another ball game. I will continue to encourage my sons to do everything they can to be the best that they can be.

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