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It’s not just the cost of buying a home that’s going up. It’s also the hidden costs — like taxes, maintenance and insurance — that are going through the roof. WSJ’s Nicole Friedman explains why these prices are rising so fast, and what it means for the housing market. Further Listening: -'It's on Fire': Why the Housing Market Is Booming  Further Reading: -The Hidden Costs of Homeownership Are Skyrocketing  -Home Buyers Are Ready to Buy. But Sellers Aren’t Selling.  Learn more about your ad choices. Visit megaphone.fm/adchoices

It’s time for another round of listener questions! 

• (0:47) Mo’s tenant has paid 5 months' rent up front for a 1-year lease. He recently had the first inspection, and the tenant has upgraded the house, and Mo’s wondering if he should see this as a good thing? 
• (3:48) James is looking to sell his residential home as his family is growing, and he’s got some burning questions about the SDLT he needs to pay. 

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• Send us your question by calling us on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply) or click here to leave a recording via your computer instead. 

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Before buying a rental property, real estate investing can seem scary. Only experienced landlords know how to deal with closing delays, overbudget rehabs, and tenant issues. But that doesn’t mean you have to come in blind on your first real estate investment. If you have the proper knowledge, expectations, and systems set up, you can build a real estate portfolio faster than the rest, which is what Ashley Kehr, author of Real Estate Rookie: 90 Days To Your First Investment, did. Ashley hosts the Real Estate Rookie Podcast, where she interviews new investors who have had one or a few successful deals. She’s seen what it takes for someone to go from bystander to investor and wants to make sure you can purchase your first investment property too. On today’s show, Ashley walks through her pre-closing checklist, where she details everything from due diligence to budgeting renovations and rehabs, how to negotiate with sellers, where to find insurance and more. This is just a brief glimpse at everything you can find in Ashley’s new book, and combining these golden nuggets with what is shared in Real Estate Rookie will get you on a faster path to landlord life and passive income. So, if you’ve been waiting to invest or feeling like you don’t know what you don’t know, this may be the perfect episode to start. Tune in, grab the new book, and get ready to make some property purchases in 2023! In This Episode We Cover: The pre-closing checklist and everything a new investor should do before they come to closing Due diligence and how to ensure title work, home insurance, and taxes are ready Renovation and rehab budgeting and how to build a scope of work even when investing out of state Negotiating with a seller on both on and off-market deals and the pros/cons of using an agent How to smoothly communicate with a seller or agent so you can get a deal done quicker (and with less stress) Landlord insurance and how to find a policy that works for you before you close And So Much More! Links from the Show Find an Investor-Friendly Real Estate Agent BiggerPockets Youtube Channel BiggerPockets Forums BiggerPockets Pro Membership BiggerPockets Bookstore BiggerPockets Bootcamps BiggerPockets Podcast BiggerPockets Merch Listen to All Your Favorite BiggerPockets Podcasts in One Place Learn About Real Estate, The Housing Market, and Money Management with The BiggerPockets Podcasts Get More Deals Done with The BiggerPockets Investing Tools Find a BiggerPockets Real Estate Meetup in Your Area David's BiggerPockets Profile David's Instagram David’s YouTube Channel Real Estate Rookie Podcast Books Mentioned in the Show Long Distance Real Estate by David Greene Real Estate Rookie by Ashley Kehr You’re Not Listening by Kate Murphy Hug Your Haters by Jay Baer Connect with Ashley: Ashley's BiggerPockets Profile Ashley's Instagram Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-709 Interested in learning more about today’s sponsors or becoming a BiggerPockets partner yourself? Check out our sponsor page! Learn more about your ad choices. Visit megaphone.fm/adchoices

It's no surprise that we're big believers in the long-term power of property...but we were surprised when the Bank of England's Chief Economist said he'd back property over a pension too.

So in this week's episode we ask if property is really better than a pension. We cover:

• What the BoE's Andy Haldane said
• Whether property really has outperformed equities over the last 30 years
• The advantages of property as a long-term asset
• The advantages of pensions over property
• Why property isn't the right retirement choice for everyone
• Why you definitely shouldn't be relying on your main residence to fund your retirement
• ...and a bit of a rant about the disaster of pension provision (also listen to our pension crisis episode)

It's far from being a whitewash – so take a listen, and see what you think.

See omnystudio.com/listener for privacy information.