According to Forbes, house prices have declined at the fastest rate since 2009! In this episode, Toni looks through the housing price index (HPI) and identifies ways this may impact a property investor including the threats it poses as well as the many opportunities to be found.
KEY TAKEAWAYS
- What will be a struggle and threat to some property investors or homeowners could present an opportunity for the right property investment strategy.
- Sometimes it can be better to pay a slightly higher interest rate rather than fixed rates as the stress test is lower.
- Lenders still need people to borrow money, you will see this demonstrated in different deals.
- We are at the end of a cycle and moving into another, this is the perfect time to buy. Prices are dropping now but prices will start to increase.
- When you put the right tenants in your properties and have done the right affordability calculations and stress tests, you will always be in a good position as a landlord.
BEST MOMENTS
“This is all indicating that there are opportunities”
“There is a clear north-south divide in prices”
“The stress tests were actually below the mortgage rate”
“While rents are increasing you’re going to get a fabulous cash flow”
VALUABLE RESOURCES
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MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.co.uk
https://kevinmcdonnell.co.uk
ABOUT THE HOST
Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.
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