The Progressive Property Podcast Should I Purchase My House or Investment Property First?
If you’re a first time buyer and interested in property investing this will be a question you will want answered! Listen in to today’s episode where Kevin talks about this decision as well as equity release and his experience in property investing.
Discover how tens of thousands of ordinary brits are quietly getting rich with minimum investment!
bit.ly/Podcast-MSOPI
KEY TAKEAWAYS
- Kevin has been in property investing for 18 years now, he has tried and tested many property investing strategies. Currently he has a large portfolio of single lets and HMOs.
- There are some big opportunities in the property market right now due to the end of furlough and the end of stamp duty holiday: both will change the property market.
- If you are buying a residential house you need to decide what the financial implications are – is this going to be your family home or just a stop gap?
- Equity release should be one of the last options, there are much better alternatives out there. It isn’t something Kevin would recommend.
BEST MOMENTS
“Whichever one you choose to do, just make sure you do something”
“Equity release, never done it, wouldn’t recommend it”
VALUABLE RESOURCES
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/