The Property Podcast ASK447: My portfolio is growing...what next? PLUS: Should I hold or sell?
Sep 24, 2024
In this episode, the hosts dive into Luke's property journey with his fourth buy-to-let and the pros and cons of branching into industrial lettings. They also tackle Tommy's tricky decision about whether to sell his leasehold maisonette in Essex as he relocates to Newcastle. The conversation is filled with insights on aligning investment strategies with financial goals and exploring the potential of diversifying property investments. Listeners gain valuable advice on navigating the complexities of property ownership and investment.
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Exploring New Locations
- Don't be afraid to explore new investment locations, even beyond your current area.
- Research areas with strong fundamentals, like Cardiff, or consider established markets such as Birmingham or Manchester.
Goal-Oriented Investing
- Reflect on your overall goals before changing your investment strategy.
- Consider whether you prioritize rental income or long-term capital growth.
Long-Distance Management
- Consider the practical aspects of managing a rental property far from your new residence.
- Evaluate your local network and resources in your former area.