The Progressive Property Podcast Why You Shouldn't Worry About Raising Interest Rates
FREE DOWNLOAD How YOU Can Make A FORTUNE From Buy-To-Let
Kev answers your questions again on another Q&A episode of The Progressive Property Podcast. Kev focuses on the state of the market, the fundamentals of property investing and why there is still plenty of money and deals out there to be had.
KEY TAKEAWAYS
- A lender will lend as long as the rental income is 130% more than the mortgage payment, as a minimum. This is the lender stress test.
- Although the market is difficult at the moment, there are more motivated sellers in the property market right now allowing you to use creative investment techniques.
- Using your own money isn’t the way to build your property portfolio, there are multiple ways to borrow and use other people’s money.
- Landlords are leaving property, but mostly due to retirement, nothing to do with the market.
- Don’t confuse below market value with below asking price. You can create value in a variety of ways, particularly if you are willing to do the work.
BEST MOMENTS
‘You need to add value and force the value up’
‘You can buy property cheaper than you could 3 years ago’
‘The banks are not at risk today, the banks have plenty of money’
‘You aren’t buying a house for today, you’re buying a house for life’
‘Please don’t confuse below market value with below asking price’
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
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