The Progressive Property Podcast The Energy Price Crisis Will Change Investing Forever
The energy price crisis is going to change the world of investing forever. Listen in to this episode with Kevin as he explores why this is but also why there is likely to be more opportunities than ever. Kevin also talks about his recent issues with mould, what corrections and changes are likely coming in the property market, what he believes Liz Truss’ policies will be in the coming months and more in an Ask Me Anything.
KEY TAKEAWAYS
- The billions printed in the pandemic are why we are in the situation we are now. The money Liz Truss is printing now will have minimal impact, both negative and positive.
- Interest rates are rising but they are still historically low.
- The cost of money is only relevant is you are paying more than you are making.
- If your property is already making a profit, don’t worry about if the government brings in rent freezes particularly if you are on a fixed rate mortgage.
- The coming years are going to create the most wealth-generating opportunities seen in years. You need to focus on growth and investing in your mindset and knowledge.
- You could start off in property and go straight into serviced accommodation but it’s worth remembering this isn’t helping solve any housing issues the country is currently facing.
- Time, knowledge and money are what you need for buy to let, however you don’t need all three to get started. There are lots of creative ways you can raise finance if you have time and knowledge for example.
- When there is a monetary crisis people obviously look to save money, This is why you typically start to see the lower end of the market rise in demand.
- Always be open-minded to opportunities and deals in property.
BEST MOMENTS
“ 180 billion will do nothing to fix this country”
“Interest rates now are now high”
“The government does not have enough housing stock”
“Money is not necessarily the issue for most people, people will still want to buy those properties but will there be a correction in the market?”
“There’s a lot of hatred out there for landlords”
“The most important part of the transaction is the person selling the house”
“When you go out there looking for deals, suddenly you realise they are everywhere”
VALUABLE RESOURCES
MSOPI – Multiple Streams of Income:
https://www.progressiveproperty.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.
CONTACT METHOD
https://www.facebook.com/kevinMcDonnellProperty/
https://kevinmcdonnell.co.uk/