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The Property Podcast

TPP402: 3 property investors tell us about investing during the year of Covid

The Property Podcast

Rob Bence & Rob Dix

Business News, Education, News, Investing, Business

4.82K Ratings

🗓️ 26 November 2020

⏱️ 24 minutes

🧾️ Download transcript

Summary

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.

Transcript

Click on a timestamp to play from that location

0:00.0

Building a portfolio is challenging in whatever market, but to do it in the year of COVID is really challenging.

0:08.0

But if you have progressed this year, then you'll know it's been a challenge.

0:11.0

And we wanted to share some of those challenges with you on this

0:13.4

show so we're bringing you a selection of investor stories to share their ups and downs

0:18.8

investing in the year of COVID.

0:27.0

Welcome to the Property Podcast where every Thursday morning property investors come to be informed

0:30.9

and inspired.

0:31.9

Now you'd been forgiven for going to bed in March, pulling the blankets over your head and

0:35.4

staying there for the rest of 2020.

0:37.8

But despite everything that's been going on, some investors have still been making big progress.

0:42.8

If 2020 has derailed your plans a bit,

0:45.0

there'll be plenty for you to learn

0:46.1

from the attitudes of the investors

0:47.5

we're following today.

0:48.8

And stick around till the end,

0:49.8

because in Hub Extra, we've got a quote for you

0:51.7

that sums it all up perfectly.

0:53.2

So this week's news story is from the BBC and the headline reads, safety checks at ease to help

0:59.6

flat owners in limbo. Not the most exciting of the headlines, but potentially the most exciting of stories, at least to property investors.

1:07.0

Many of you who've been following a long week and week out will know that some property investors, were in fact many property investors

1:13.6

have rarely been hindered by the E. W. 1 S form. So Rob why is this form feared so much

1:20.6

and why is this potentially a big news story?

...

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