Luxurist asked Shiv Haria, Founder of Lifestyle Property People, about how he got started
Imagine feeling the relentless exhaustion of 12-hour workdays, trapped in the rat race, while dreaming of true freedom. Now, envision taking a much-needed break from your career to travel, only to be called back by life’s unexpected realities—a heart-wrenching phone call about a family emergency. This is the moment Shiv Haria’s life took a dramatic turn.
Faced with the need to provide for his ageing parents while securing his own financial future, Shiv sought a way to build passive income and create a legacy for his future children. The path he chose? Property investment—a strategic decision that helped him move toward financial freedom.
Exploring the North: Where Property Potential Awaits
In a bold move, Shiv decided to leave his job and relocate to Leeds, where property prices were considerably more accessible than those in London. “You can buy three properties in the North for the price of one in London,” Shiv explains. By taking advantage of the lower cost of entry, Shiv saw an opportunity not just to build a portfolio but to create long-term financial stability. “Owning multiple properties reduces your risk and offers the potential for better returns,” he shares.
His goal was to generate enough passive income to cover his living expenses without relying on his job, but he acknowledges the challenges involved. “For example, if your family’s living costs are £5,000 a month, you might need around 10 properties generating £500 each in net rental income,” he says, though the specifics will vary based on individual circumstances and market conditions.
Aiming for £6,000 in Passive Income Per Month
What drew Shiv to property investment? “The appeal of property is that you can potentially get paid in two ways,” Shiv says. “First, you may receive rental income, and second, there’s a chance for property appreciation over time. When you refinance or sell, you could unlock additional profits.”
To offer an example, you might purchase a property for £120,000, and after 10 years, it could appreciate to £240,000, depending on the market. Rather than selling, you might choose to remortgage and release £90,000 in equity, which could then be reinvested into additional properties. Over time, this strategy could help you expand your portfolio and increase your passive income.
With an initial investment of £200,000, some investors might, over 10 years, build a portfolio of around 12 properties, potentially generating £6,000 per month in passive income. However, individual results will vary, and outcomes depend on market conditions, property management, and other factors. This approach may help accelerate your journey toward financial freedom, while also building wealth for future generations.
Compared to more volatile investments like stocks or cryptocurrency, property is often seen as a more stable asset class. “While property can offer returns through both rental income and capital growth, it’s important to recognise that market conditions fluctuate,” Shiv advises. “And while no investment is risk-free, property has a long track record of delivering solid results over time.”
Let Your Money Work for You
“The process of property investment—finding, purchasing, renovating, and renting—can be intricate and time-consuming,” Shiv admits. But once he established a reliable stream of passive income for his family, others began to seek his advice. “Friends, family, even online acquaintances were curious about how they could achieve similar results.”
This led to the creation of Lifestyle Property People, Shiv’s full-service property investment company that specialises in helping busy professionals and business owners invest in Buy-To-Let properties in the Northern property market, completely hands-free.
They handle all aspects of the investment process, from sourcing a property to managing the refurbishment to then ensuring the property is tenanted & managed by their management partners.
Their aim? To help people create financial security and freedom for themselves and their families, without having to sacrifice what’s important to them, their time.
Interested in Learning More?
If you’re curious about how property investment might fit into your financial plans, Shiv Haria and his team at Lifestyle Property People are available to guide you through the process. While success cannot be guaranteed, Shiv’s approach offers a considered, strategic pathway for those seeking long-term financial growth through property.
About the Author:
Shiv Haria is the founder of Lifestyle Property People, where he focuses on helping clients build long-term wealth through property investments in the North of England. *
*outcomes may vary depending on individual situations.
If you would like to speak about starting or diversifying your Property Portfolio, contact Shiv – https://bit.ly/lifestyleluxurist
