Episode 358: TMBA358: Is All Property an Investment Opportunity?
Tropical MBA: Entrepreneurship & Founder Lifestyle
Dan Andrews; Ian Schoen
4.9 • 527 Ratings
🗓️ 13 October 2016
⏱️ 43 minutes
🧾️ Download transcript
Summary
http://www.tropicalmba.com/propertypodcast/ Recently, Dan and Ian have been exploring the subject of investing in properties, and the many reasons and motivations that different investors have. It has been a few months since Ian purchased his home in Austin, Texas, and he is still trying to wrap his head around what it means to be a homeowner.
This week, he decided to reach out to Rob Dix and Rob Bence, who have both been investing in properties in the UK for almost a decade. They also run a business finding and managing properties for others, as well as hosting a podcast about property investments called The Property Podcast.
On this episode, the "Robs" share with Ian why people might want to invest in property, some of the archetypes of people who do invest in property, and their general feelings on the future of housing market.
Transcript
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| 0:00.0 | The house of 1999 will be virtually maintenance-free. |
| 0:05.7 | A central atmospheric system will maintain constant year-round temperatures and control humidity, bacteria, pollen, and dust. |
| 0:17.5 | Hey, podcast, listener. |
| 0:19.1 | Even if you are alone in your entrepreneurial journey, know that today, right now, in your earbuds, |
| 0:23.7 | you are joined by thousands of entrepreneurs from all around the globe seeking to grow better, |
| 0:28.8 | more profitable, location independent businesses. |
| 0:31.8 | If you'd like to learn more about what we do and download our entire back catalog, |
| 0:37.0 | check out tropical MBA.com. |
| 0:45.5 | So, Ian, you promised us updates on the ranch at your new home in Austin, Texas. |
| 0:52.0 | How's things going for you? |
| 0:53.2 | Pretty good. |
| 0:56.0 | Aside from the fact that I feel like I'm just bleeding money getting this thing into the shape that I want it to be in. What do you mean by that? |
| 1:01.4 | You're doing refinishing on the inside? What sort of things are you doing? Yeah, I totally took it down |
| 1:06.8 | to the studs in half of the house, so meaning that there's exposed two by fours and then |
| 1:11.7 | now putting the dry wall back on, kind of reconfiguring, knocked out some walls, put in some |
| 1:16.8 | different lighting, completely redid the kitchen. So all the things I think that would make this house |
| 1:21.7 | more appealing to the next owner, but then also all the things that I want to do to live here. |
| 1:25.6 | You recently wrote an article about whether |
| 1:27.5 | or not property is a good investment. So the question is, are you doing this really as an investment |
| 1:32.2 | or are you doing it because you can't stand the color that the old wall was? I mean, it was an older |
| 1:36.9 | house. So the truth is like I've lived in dirtbag apartments my whole life. So I'm very used to not living in a nice place. And so I just saw an |
| 1:47.3 | opportunity here, I think, to increase the value of the property. And we will get into during this |
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