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The Property Podcast

TPP365: Don't Get Emotional Over Property

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 12 March 2020

⏱️ 26 minutes

🧾️ Download transcript

Summary

It’s another week of The Property Podcast, and this week Rob & Rob are giving us the practical tips you need to become a better property investor. Have you been emotional during property investing?  We’d place a bet on most of you feeling at least a little glimmer of emotion. It’s all absolutely normal - that’s what happens when you come across potential risks.  Luckily, The Robs have the tips and tricks to help you with this in today’s podcast episode. Property investing isn’t always a glamorous ride. It can come with some poor decisions, risks and a lot of emotions! But Rob & Rob are here to manage your expectations and tell you some of the common risks that can rear their head throughout the property purchasing process.   Which stages can have risks?  Buying your property  Setting up your property  Owning  Selling your property  These are the main stages where risks can be driven by your emotions. By listening to this episode, you’ve got the perfect opportunity to find out where you can have a chat with yourself before sparking an emotional disaster!  Tune in to find out how you can prevent your emotions getting the best of you now!    We have a great news story to top this fantastic episode off…and of course it involves one of Rob's favorite places! In the news this week a huge new £2 billion project is underway in Liverpool called The Knowledge Quarter which will create a new district. But the impact it will have on the city will be amazing. This project has everyone behind it… including us.  Another project is finally on the way in Liverpool too.. Liverpool waters, a multi-million pound scheme which will transform Liverpool’s waterfront. This is nothing but good news for the city and will be great for the future.    And in other good news… Property Hub Live is now SOLD OUT! If you still hope to come, there’s a waiting list you can pop your name on, just in case any tickets become available… Don’t worry if you can’t attend, we’re planning another one for later in the year!    This week’s Hub Extra is a book recommended by Rob B. The boy, the mole, the fox and the horse by Charlie Mackesy. A beautiful book aimed at children, but it could benefit anyone and everyone. This week’s Hub Extra fits in well with the podcast as it's about life lessons and emotions, an unusual recommendation from Rob & Rob, but they were so touched by it that it had to be shared.  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.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi Rob B here with Rob D and you are listening to the Property Podcast

0:06.8

Property Investment is full of ups and downs and it's not always easy, but sometimes you can get really emotional over the wrong things in property.

0:16.3

You can get too attached, you can get too distressed. But this week we're going to help you understand what to look out for

0:22.3

so you can get awareness around it and become a much better property investor. Welcome to the Property Podcast where every Thursday property investors come to be informed and inspired.

0:37.0

It's always tempting with Property to fixate on the numbers behind an investment, but even if the numbers are spot on on you can still end up making so many poor decisions because you're being led astray by your emotions.

0:48.0

Today's episode is full of lots of practical tips to watch out for those dangers and steer clear of them.

0:53.2

And stick around to the inn for Hub Extra where we've got a highly relevant book to recommend to.

0:57.6

I detect the hand of Rob B in our new story this week because it's about Liverpool but it is a really significant

1:04.2

story that makes it in on merit so Rob what's going on up there?

1:07.4

Yeah we've taken this news story from the place Northwest website and the headline isn't that exciting it says upper central master plan

1:14.6

close to sign off not that exciting right well it is if you dig deeper it's like

1:19.2

one of these stories that's a bit back to front unspensational headline but really big news in the detail.

1:24.4

And the big news is information around a huge project in Liverpool called the

1:28.8

Knowledge Quarter.

1:29.8

It's a whole district that's pretty much being created.

1:31.9

The land is there, but it's not well used at the moment.

1:34.3

And this is a 2 billion pound scheme. And what's great about this besides its ambition and the impact that it will have on the city

1:40.9

is that it seems to have full support from the local authority, from the mayor, and from developers.

1:46.0

Everyone's getting behind this project.

1:48.0

Liverpool Water is a multi billion pound scheme, which we've talked about before on the podcast,

1:52.0

is starting to make progress

1:53.7

but because it's just one developer really controlling things there is

...

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