real estate strategies

Assisted living investments may be the most underrated, unknown, but ridiculously profitable real estate investment out there. For many investors, turning their single-family home into assisted or senior living seems like an impossible task. Don’t you need to have a medical background? Do you need a license? Can anyone do it? Instead of getting caught in analysis paralysis, Antoinette Munroe looked at the numbers, decided to take the jump, and hasn’t looked back. And after hearing her story, you might do the same! Antoinette found financial freedom in just a few years with vacation rental investing. She used the game-changing strategy of house hacking combined with short-term rentals to profit over a thousand dollars a month, all while living in her own house. She slowly started building her empire, buying one property a year while working towards financial independence. She reached her ultimate goal, retiring early after only a few years of investing. Then, things started to change. With new regulations rolling in, Antoinette had a large slice of her business about to be shut down or restricted at best. She needed to pivot to something that would make her the same money while still being passive enough to live the newly-retired lifestyle. When she heard about assisted living, she knew she had to run the numbers to see if the hype matched reality. The income was astonishing, and now she’s dedicated her time, money, and resources to building an assisted living empire that'll pay her much more than the vacation rentals before. In This Episode We Cover: The “game-changing” house hacking strategy that will help you reach financial freedom faster Why you DON’T need to build a large real estate portfolio to retire early Short-term rental regulations and how they’re delivering a blow to new investors Pivoting your strategy to make even more money when everything is going wrong Assisted living investing explained and how you can get in on the high-income action The funding/financing mistake that Antoinette made and why you MUST avoid it The bright side of short-term rental investors and improving your community while making passive income 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 Rob BiggerPockets Profile Rob's YouTube Rob's Instagram Rob's TikTok Rob's Twitter Hear Antoinette’s Story on the “BiggerPockets Money” Podcast Here’s Why You Should Consider Investing in Senior Living Do New Short-Term Rental Regulations Make Investing Risky? Click here to check the full show notes: https://www.biggerpockets.com/blog/real-estate-710 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

Have you been investing during Covid?

Well, if you haven’t been investing during Covid, these three property investors certainly have. 

Trying to build a portfolio is hard enough, nevermind trying to do it in the middle of a worldwide pandemic. 

Naturally, it’s brought challenges for everyone. But it’s how you work through those challenges that will set you apart from others who have been investing during Covid.

If you’re at a bit of a sticking point and you’re not sure if investing during Covid is the right thing for you, then today’s episode should certainly help.

Here’s what to expect on this week’s property podcast episode

On today’s episode Rob & Rob are talking to three investors who have certainly come across challenges whilst investing during Covid.

You may recognise these three investors as Iain, Sarah and Steve. A panel of investors that we’ve spoken to a number of times before. 

We like to check in with Iain, Sarah and Steve every now and again to see how they’re getting on with their investment journeys. 

So we thought now would be a better time than ever to see how they’re getting on with investing during Covid.

 

In the news

In the news this week we have a positive news story, hooray! 

Safety checks eased to help flat owners ‘in limbo’.

A lot of investors have been having issues trying to sell or refinance their property due to needing an EWS1 form. This came into place after the Grenfell Tower disaster, and is designed to show that there are no safety issues with the building.

The good news is that it came out recently that the form won’t be needed for properties that don’t have cladding – and although there’s still confusion in the industry about exactly when it’s needed, this latest announcement certainly seems like good news for a lot of property owners and investors.

 

Hub extra

This week’s Hub Extra is a quote for you. It’s the perfect quote to sum up the qualities needed to be successful in this current climate.

‘Success is no accident. It is hard work, perseverance, learning, studying, sacrifice and most of all, love of what you are doing or learning to do’ - Pele.

Which we think is pretty spot on for right now.

 

Let’s get social

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

 

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! 

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

See omnystudio.com/listener for privacy information.

This week on Ask Rob & Rob, the guys are answering two caller questions about strategy and the potential changes to Universal Credit.

Our first caller this week is Matt. He’s a fairly new listener who joined us earlier this year, however he’s already got a couple of buy-to-let properties under his belt. 

He’s currently in the process of purchasing his next buy-to-let which will be his first property in Liverpool. His strategy is to buy properties with good yields to help build his deposits up. His main aim in the next 10 years is to quit his day job. 

So, do Rob & Rob think this is a good strategy? What yield figure should Matt be looking at and how much should he be paying for his properties to achieve it? 

The second caller is also called Matt! He’s seen an article on Landlord Today about changes to Universal Credit and the possibility of landlords having rent paid directly to them instead of the money going to tenants who then pay their landlord. 

He’s wanting to know what The Robs thoughts are on this topic and how they think it will affect the market. 

If it affects the market at all.

Tune in to find out. 

 

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). 

 

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours. 

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.

James Sinclair's Business Broadcast is the weekly podcast from the award-winning entrepreneurial CEO of the Partyman Group; home of 7 much-loved family-based brands which welcome one million customers through the doors of their attractions every year. 

In today’s episode James is joined by property expert Frank Flegg who is the founder of Ethical Property Partners which is a specialised property business franchise with 50 active franchisees.

Frank explains how they are building clever strategies which enable their franchise partners to do more investment deals than with traditional property models. 

He shares:

* Examples of 6 days offer to completion

* Finding deals via motivated sellers

* Looking at themselves as a service provider rather than an investor

* 57 ways to control property

* How coronavirus has changed property business models overnight

* Completely changing marketing to make it impactful during Covid-19

* Desktop Research now being accepted for lending 

* Power of using daily webinars 

Check out Ethical Property Partners brand new podcast 'Sophisticated Property Investing' which launches tomorrow via

For more information about James Sinclair’s Entrepreneurs Network visit http://bit.ly/joinentrepreneursnetwork

This week The Robs are answering two fantastic questions on investing in Birkenhead, and talking about whether you should be overpaying on your mortgage. These are two questions that will definitely benefit a lot of listeners.

Joe from Leeds got in touch recently, he’s currently living in London and has a budget of £80,000 - £100,000 and he’s looking for a buy-to-let deal up north. 

He’s considering our hotspot areas of Leeds, Manchester and Liverpool but has noticed significant growth in the Liverpool area. 

However, he’s wondering if Rob & Rob have any insider tips on investing just across the water from Liverpool, in Birkenhead. Could this be a good contender for capital growth when the ripple effect kicks in?

Now we know this is an area that holds a special place in Rob B’s heart, so does he automatically think that Joe should be investing here? 

Next up we’ve got Adam from Surrey. Before listening to The Property Podcast, he bought his first buy-to-let property on a capital repayment mortgage and has since remortgaged to an interest only mortgage. 

The property makes a good income each month, so now Adam is wondering, now that he’s on an interest only mortgage, should he utilise the 10% interest free payments and chip away at his mortgage? 

So, should Adam risk potentially losing out on £200 per month in his back pocket to reduce his mortgage over time? Or should he wait and allow capital growth to do it’s thing? 

Tune in to find out what Rob D advises. 

 

Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply). 

 

Or if you prefer, click here to leave a recording via your computer instead.

The next question on Ask Rob & Rob could be yours. 

Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.

See omnystudio.com/listener for privacy information.

It’s the last episode of ‘Fundamentals February!’

In this week’s Fundamentals February podcast episode, it’s all about YOU.

The Robs are giving you the tools to help you discover what type of investor you are, and what you can do with that knowledge.

When trying to figure out where you want to be going, you need to know who you are, what your situation is and what you want to achieve. You need to have goals!

The Robs reiterate how important goals are and why they’re a necessity in becoming a successful property investor.

Discovering what type of property investor you are will help you determine your strategy - how you’re going to achieve your goals and stay on the right track.

All of this (and much more) is covered in today’s Property Podcast and it’s a really vital episode. So give it a listen and let us know what you think.

We have some great news to give you too - Property Hub Meetups are back in 2 weeks time! To find out where your nearest one is, head over to our events page.

And in the news this week, Phil Spencer is clearly a listener of the Property Podcast. He’s been discussing the dreaded topic that is Brexit and been echoing what The Robs have been saying for months… that the main impact of Brexit has already happened. Maybe he’s after a slot on the podcast… who knows.

For our Hub Extra this week Rob D has discovered a little tool that’s going to up your Netflix watching level. Netflix classic is a chrome extension that gets rid of everything that Netflix wants you to watch by suggesting it at the top of the screen. So you can get back to watching what you want and get suggestions based on what you’ve already watched. Happy binge watching.

 

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

See omnystudio.com/listener for privacy information.

This week we’re exploding 5 of the most common myths you’ll hear if you spend any amount of time listening to the media (or “gurus”) when it comes to property. It’s not just an opportunity for us to get on our high horse and have a rant, fun though that is: your beliefs affect the […]

The post TPP131: 5 (more) property investment myths uncovered appeared first on The Property Hub.

See omnystudio.com/listener for privacy information.