The Property Podcast cover image

The Property Podcast

ASK438: Should I change my "cheap property" strategy? PLUS: Help me challenge my service charge!

Jul 23, 2024
The hosts discuss property investment strategies for accelerated growth, focusing on whether to go for high-yield properties or a different approach. They also provide advice on shifting to high-end properties for quicker growth. Additionally, they tackle a listener's concerns about leaseholder rights in disputing service charge costs.
08:37

Podcast summary created with Snipd AI

Quick takeaways

  • Consider opting for properties with higher capital growth potential for long-term investment objectives.
  • As a leaseholder, you have the right to inspect detailed financial records for service charges under the Landlord and Tenant Act 1985.

Deep dives

Investment Strategy Dilemma

Rick, a property investor, grapples with two paths for his investment strategy. He contemplates whether to continue buying multiple properties like his initial purchase with his available 50,000 or opt for a more expensive property initially for potential higher capital growth. The decision weighs between familiarity and ease versus aiming for more significant growth in his portfolio. The advice leans towards exploring properties with better capital growth potential to align with longer-term objectives.

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