Like almost everything I can think of, the realities of being a property investor are very different from those I imagined, although I had been the accidental owner of an informal HMO in the late Eighties and early Nineties, long since repossessed as a casualty of the last crash. This time around, I collected four buy to let flats between June 2004 and December 2007. And lots of my clients have BTL properties too. Given the strange times, I have called a few of them together for a summit so we can try to work out what’s the best thing […]
The Secret Life of Real Estate & Banking is a weighty, academic tome by Phillip J. Anderson in which he proves that the real estate cycle follows an ever-repeating pattern approximately every 18 years and he documents this back over the last 200+ years. I have persuaded Phillip to run an event for The Money Gym on Friday 12th November in which we will learn the contents of his book without having to read it, although I am also negotiating with his publisher to have supplies on hand at a reduced price for academics who will want to take it […]
A chap on Twitter asked me for my Top 10 Reasons for investing in property. I have knocked out the following very quickly and twittered each one back to him! Because my portfolio is in profit for the first time ever – and quite a big one too which seems to get bigger with each month fortunately. This means I have surplus cash, can soak up prevous tax losses, and cashflow is eased which makes me feel like taking on more of the right investments Because I can buy so cheaply right now and help people in extremis. Because I […]
You'd think I would learn my lesson by now, wouldn't you? I should stop reading the bloody weekend papers... apparently I have been heard to look up from the financial section two weeks running and say, gloomily, "I dont think will ever get a mortgage again". Good job I've got six already then, and an even better job I know a way of buying property without getting a mortgage at all!
Thoughts have been running through my head today about what I would do when I make it. When my financial dreams and aspirations and plans have come to fruition. By my own reckoning, I’m about half way there. But it depends on what your definition is of financial freedom, doesn’t it? Are you someone who wants who wants to be a millionaire on paper, i.e. having assets to that value? Or are you someone who wants to make more passive income than your outgoings, a la Rich Dad? That second one is deceptively easy, although I confess I am about […]
Clients ask me all the time “what makes a good property investment and do you think this one will be OK”? The short answer is usually “I don’t know”…no-one knows in advance whether any investment’s projections will come true or not, only hindsight will tell. You can do your own due diligence, you can meet others who have done it and ask them why, you can quiz them till their brains hurt but in the end you just have to make a decision – are you in or out? All I can tell you is that I was a woman […]