ASK381: What's your exit strategy? PLUS: Do you rate these areas?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 23 May 2023
⏱️ 7 minutes
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Summary
Transcript
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| 0:00.0 | Hi, I'm Rob and I'm Rob and this is Ask Rob and Rob. |
| 0:07.0 | Hello everyone and welcome to Ask Rob and Rob, the show where you get your property |
| 0:11.5 | questions in and we give you some answers. |
| 0:14.5 | The format is very simple, each week we answer two of your wonderful questions and if you |
| 0:19.5 | would like to take part in the show it is super simple, let's give you a quick reminder |
| 0:23.9 | of how you can get your question on the part. |
| 0:26.6 | Yes, give us a call, 0138083035 or go to propertyharb.net slash ask, leave us a voicemail and follow |
| 0:34.3 | in the fine foot steps of Mike. |
| 0:36.3 | Hi Rob and Rob, it's Mike here, amazing podcast, thanks very much, you totally inspired me to |
| 0:42.1 | get into property investing, I set my goals and my team in my yields and my question to you |
| 0:47.2 | now is about exit strategies, so my original strategy was to sell one or two properties |
| 0:53.7 | paying off their mortgagees of the good ones and that have an income into retirement. |
| 0:58.8 | With the economic situation changing, I'm just really looking at that and trying to decide |
| 1:04.6 | do I sell everything, do I aggressively buy more properties into my 80s. |
| 1:10.5 | My question is what was your original exit strategies and now that the economic situation |
| 1:16.2 | is changing, how do your exit strategies change and what are you guys going to do? |
| 1:21.0 | Thank you. |
| 1:22.0 | Mike, really good question. |
| 1:23.1 | You're right, that the economy has changed in a big way. |
| 1:26.8 | The end of the zero interest rate era is enormous, I'm not sure the world has fully come to terms |
| 1:32.4 | with that yet. |
| 1:33.4 | A lot of things that made sense when money is free, no longer makes sense when interest |
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