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The Property Podcast

TPP290: Beginners Guide to Commercial Property: Part 1

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 4 October 2018

⏱️ 21 minutes

🧾️ Download transcript

Summary

Welcome to this week’s property podcast which is a beginners guide to commercial property. But before we dive in, we’re discussing the new stamp duty tax announcement which the government announced at this week’s Conservative party conference. The Tories now want to tax overseas property investors between one and three percent on top of the existing stamp duty charges. And in a potential political-winning move, they want the additional funds to go to the homeless.   Now, details are pretty limited in terms of how they intend on defining a ‘foreign investor’, and we’re not yet sure how this move will affect expats investing through a limited company. The Robs have some thoughts, so make sure you tune in this week to listen and send us a message on social to let us know what you think. You can read more about the story here. This week’s property podcast is the beginners guide to commercial property. It’s a hot topic, and we get many questions over on the forum asking what it is and what’s the best way to invest. The Robs cover everything this week; from defining what commercial property is, to looking at how they’re ‘classed’. They also look at why many confuse commercial property with buying a residential property using a commercial mortgage. There are also some surprising stats on the ownership of commercial property which Rob & Rob are sharing this week, and they delve into which is far more vulnerable to the economy - residential or commercial? Lease lengths, void periods, valuations and future cash flows - it’s all covered on this episode. The podcast is jam packed full of all the commercial property basics that you need to know. And once you’ve soaked up all this valuable information, Rob & Rob share the best places to get started with your purchase. It’s a good one, so make sure you tune in. Meetups: Have you been to one yet? These are our free property events held across the country where you can literally chat property all evening long. There’s no hidden agenda, just a friendly group of people discussing all things relating to investing in property.   Click here to find your closest meetup and book your place. Hub Extra: This week’s top resource is a great read called Planet Property Written by Peter Bill who was the long-time Editor of the Estates Gazette, this book delves into commercial property in interesting detail and comes highly recommended. And if you haven’t signed up to our mailing list to get Hub Extra - the most valuable email you’ll receive all week, you can do so here. Get involved: Are you on social media? We love to chat, so get following and pop us a message. And if you have any topics you’d like us to cover on future property podcasts, let us know on Facebook, Twitter or Instagram. We’d love to hear from you. You can also get involved with our property community by joining the conversation over in the Property Hub forum. Advice is shared by both new and experienced investors on a daily basis, so get yourself over there and introduce yourself. And if you haven’t done so already, we’d love it if you could head over and leave us a review on Apple Podcasts. Aside from making us smile, your reviews help other podcast listeners find us. We also give each one a shout-out on the property podcast, so yours could be next to feature on an upcoming episode. Leave us a review on Apple Podcasts here. Not sure how to leave a review? This video shows you how to review and subscribe on Apple Podcasts. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hey everyone Rob B here with Rob D and you are listening to the property

0:06.2

podcast right it's episode 290 and finally we're getting into commercial

0:10.8

property now this is a beginner's guide but don't worry if you're a novice because by the end of this episode,

0:16.2

we're going to teach you everything from what is Commercial Property to how to get started. Yes, thank you for joining us once again for the property podcast where every Thursday morning

0:31.5

property investors just like you come together to get informed and inspired.

0:35.2

Today we're taking you into brand new territory that you might not be familiar with.

0:38.1

It's going to be interesting and if you know nothing about commercial property you're going to learn a lot and you'll be wanting to make sure that you stick

0:43.0

around to the end for Habextric where we give you that little bit more.

0:46.7

So it's our news story of the week and there's plenty to talk about this week because

0:50.9

our good old friend the government have started

0:54.1

thrown around more policies and Theresa May in particular has an idea she wants to

0:59.1

tax overseas property investors a little bit more and she wants to do that via stamp duty.

1:04.0

She wants to charge overseas investors between 1 and 3% extra on top of the already

1:10.6

quite aggressive stamp duty to maybe put people off or at least make them think twice and

1:15.9

bless her Rob she's going to give all the money to the homeless.

1:19.5

Yeah very kind of a interesting one this because we were talking about this just a few weeks ago when we're talking about

1:24.7

how New Zealand has restricted foreign property ownership and I think we were saying as part of that it's funny how

1:30.4

nothing's really been done here because it seems like quite easy political

1:33.6

point to score. We know that in London in particular lots of properties are bought

1:36.9

by overseas buyers so if you're trying to damp down demand for housing if you can

1:41.2

restrict that market it's probably politically quite an easy way of doing

1:44.8

it because the domestic population isn't particularly going to object.

...

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