Podcast Summary
Exploring the 'How' of Property Investment in 2017: Rob and Rob discuss expanding horizons, focusing on projects, and delivering valuable insights for property investors in 2017.
Rob and Rob are sharing their insights on how to invest in property in 2017. They've covered the why and the where, and now they're discussing the how. Rob D has been expanding his horizons, appearing on local radio and scouting for a new office in Warrington, while Rob H has been focusing on projects and writing his next book about lettings and management. The podcast offers comprehensive coverage of the property market and provides valuable information for investors looking to navigate the major issues in 2017. Rob D is leaving the podcast to pursue new opportunities, but the duo remains committed to delivering informative and entertaining content for their listeners.
Audience Feedback Strengthens Upcoming Book and Magazine: Audience contributions have enhanced two upcoming projects: a book and a magazine, making them more valuable for readers.
The audience's contributions have significantly strengthened an upcoming book and the Property Hub Magazine, making both projects even more valuable for readers. The book, which is now well underway, will benefit from a wealth of suggestions received through a form on the podcast. The Property Hub Magazine, with its attractive design and focus on goals and planning, is another highly anticipated publication. Additionally, the Property Hub meetups continue to be popular and useful, with upcoming events scheduled for Stratford and Richmond. Despite negative media reports about property investment, particularly in London, the hosts remain confident that 2017 will bring tangible results from previous announcements and that investors should stay informed and prepared for the year ahead.
Mid-cycle wobble in property market: A good time for long-term investors: Long-term investors can benefit from mid-cycle wobbles, but upcoming tax changes may increase costs for landlords, especially those with long-term holdings. New investors can plan for these changes and mitigate their impact.
We are currently experiencing a mid-cycle wobble in the 18-year property cycle, which is causing negativity in the media. This cycle has historically been a good time for long-term investors, as it signifies the transition from a buyer's market to a seller's market. However, the upcoming tax changes, commonly referred to as clause 24 or the tenant tax, are causing significant concern for landlords, particularly those who have been in the game for a long time. These tax changes will increase costs for landlords and make it more difficult for them to offset expenses against income. While this is bad news for experienced landlords, new investors have the opportunity to plan for these changes from the beginning and mitigate their impact. Overall, while the media may focus on the negative aspects of these changes, it's important for investors to remember the long-term prospects of the property market and plan accordingly.
Tax changes and regulatory announcements in property investment: Stay informed and agile in property investment as tax changes and regulatory announcements may lead to increased fees or require efficient structures to mitigate negative impacts.
The tax changes and regulatory announcements in the property investment market, such as the upcoming abolition of lettings fees and the recent implementation of the IR35 reform, are significant developments that require careful planning and adaptation. For those who have been in the game for a while, these changes may have already prompted tax planning and more efficient structures. For new investors, proper planning is essential to mitigate potential negative impacts. The lettings fee ban, for instance, may lead to increased fees for landlords from more traditional letting agents as they try to make up for lost revenue. Overall, these changes underscore the importance of staying informed and agile in the property investment market.
Reviewing agent terms, PRA changes crucial for investors: Investors must carefully review agent fees and understand PRA changes to avoid unexpected costs and potential financial surprises
When making a new investment this year and working with a real estate agent, it's crucial to read their terms of business carefully. Some agents may be implementing new fees for landlords to compensate for fees to tenants, which could result in unexpected costs. Additionally, mortgage companies are increasing their stress tests, specifically the rental income cover test, which may limit the amount you can borrow on low-yielding properties. This change, known as the Prudential Regulation Authority (PRA) changes, primarily affects investors in the southeast, as they may have to put in more cash upfront due to reduced borrowing capacity. For portfolio landlords, with four or more mortgaged properties, there will be more underwriting checks, which could slow down the application process. In summary, carefully reviewing terms of business and understanding the impact of PRA changes are essential for investors to avoid potential financial surprises.
Navigating a complex mortgage lending landscape: Focus on high yield properties, allow extra time, consider using a broker, avoid London due to tax changes and reforms, stay informed and patient.
Investors should prepare for a more complex and uncertain mortgage lending landscape in 2017, with longer processing times and increased scrutiny from lenders. To navigate this, it's recommended to focus on properties with high yields, allow extra time for the mortgage application process, and consider using a mortgage broker. Additionally, while Brexit and its potential impact on the economy will be a hot topic, it's not expected to significantly affect the property market in the short term. Instead, investors should consider avoiding London due to the challenges of achieving a good rental return in the face of tax changes and regulatory reforms. Overall, the key to prospering in this environment is to stay informed, be patient, and focus on properties with strong rental yields and growth potential outside of London.
Stay focused on long-term investment goals despite economic uncertainties: Ignore media noise, assess financial situation, and make strategic investments for income and capital growth opportunities outside London
Despite the current economic uncertainties and changes in the property market, particularly outside London, it's crucial to stay focused on your long-term investment goals. With factors such as tax changes and mortgage restrictions, it may be more beneficial to look for income and capital growth opportunities outside the capital. It's essential to ignore the noise from the media and most friends, who may be parroting what they've heard, and instead, assess your current financial situation and potential improvements. This is an excellent time to take advantage of market uncertainty and make strategic investments. Additionally, don't forget to practice your smug face for the future. By ignoring the media, being brave, and making informed decisions, you'll be in a better position in a few years. Remember, while Rob and Rob may not be the sole basis for your financial decisions, their insights have proven successful for them.
The rewards of being a contrarian in property investment: Equip yourself with knowledge, make informed decisions, and take advantage of opportunities by being a contrarian in property investment. Long-term perspective and reviews from others can provide valuable insights.
Being a contrarian in the property market, going against the herd, can be difficult but rewarding. It's important to equip yourself with knowledge to make informed decisions and take advantage of opportunities. The hosts of The Property Podcast, Rob and Rob, have been bullish about property investment lately, but they have a history of caution and encourage a long-term perspective. They also appreciate and encourage reviews from their listeners, with a record number of 5-star reviews. This week's resource of the week is called "Photo Splash." Additionally, the hosts acknowledged a positive review from a listener named Mondis, expressing gratitude for the support and knowledge gained from the podcast.
Exploring the Photo Splash app for unique photo enhancements: Discover how the Photo Splash app can transform your photos with its color highlighting feature for social media or property investing purposes. Prepare for next week's episode on bridging finance.
The Photo Splash app is a free and fun tool for enhancing photos, especially for social media use. The app allows users to change images to black and white while highlighting certain areas in color, resulting in unique and eye-catching images. The hosts, Rob and Rob, have also found this app useful as they've started using social media for their property investing podcast, The Property Hub. Next week, they will discuss bridging finance, a topic Rob has become knowledgeable about, to help listeners overcome their fear of this financing option. Bridging finance can be a valuable tool in certain situations, and the hosts plan to explain its benefits and uses. They encourage listeners to prepare for the detailed episode by gathering notepads and visiting the show notes for multiple links to relevant resources.
