TPP463: Why Property is a terrible way to make money

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 27 January 2022

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Property is a terrible way to make money Could this be the last ever episode of The Property Podcast? After all these years in the game have Rob & Rob done a 180 and realised that property just isn’t the best way to make money? This week on The Property Podcast Rob & Rob are revealing why property is a terrible way to make money. They’ll be taking a closer look at different strategies and revealing why each one isn’t a good way to achieve the goal of generating £2,000 each month. But it’s not all bad news, because they’ll be pointing you in the direction of how you CAN make money, phew, maybe The Property Podcast will continue after all... In the news It seems that we didn’t just experience double digit growth in house prices last year, as LandlordZone have revealed a 50% increase in landlords using ltd companies to take out a mortgage last year. This figure is the highest number since the changes George Osbourne made to the tax system! What do Rob & Rob think about this? Hub Extra Do you know someone who would benefit from The Property Podcast, but you’ve failed to win them over so far? Maybe they’re just not a podcast person and find it all very complicated. We’ve got the perfect Hub Extra for them. Listening to podcasts couldn’t be any simpler than with Spotify. Just search the name of a specific podcast or topic, and within seconds you can be listening! They’ve also recently introduced a star rating system, so you can quickly decide if a podcast is worth your time! And if you haven’t done so already, you can rate The Property Podcast right here. 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

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0:00.0	Hey everyone, Robby here with RobD, and judging by this title, could this be the last
0:08.9	ever property podcast? Have we completely changed and flipped our ideas on property and
0:14.1	now no longer believe in it? Let's find out.
0:23.0	Welcome to the Property Podcast where every Thursday morning property investors come to
0:26.3	Sweet and informed and inspired. Doesn't sound inspiring, does it? Property being a terrible
0:30.6	way to make money? But there's a lot of value in this week's episode. We're going to give you
0:33.6	a new way of thinking about the power of property. And stick around to the end because we're going
0:37.9	to give you a load of other money making ideas as well. Time now for this week's new story.
0:43.4	And I've actually got a really good one that came across this week, but I'm going to save it.
0:47.1	I'm saving it for next week's market updates. We could have a good chat about that one.
0:50.7	But an interesting one for now as well comes from Landlord Zone and it's the report that
0:55.4	last year 50% of buy-to-let mortgages went to limited companies. 50%. So that is such a shift when
1:04.3	you think about it. We've been used to seeing the number creeping up and up. And it's been getting
1:09.6	more every year. And if you'd asked me what a figure was, I would have come up with a high number,
1:13.2	but I don't think I would have said half. That is such a shift over the space of like five years
1:17.6	or so. Because before all the tax changes of 2016-17, whenever it was, it just wasn't even a thing
1:24.8	that people thought about. Everyone just bought in their own name. And obviously there are good
1:28.5	reasons why that has shifted. And that's often the right decision for people to make. But the fact that
1:34.5	it's got to 50% is just absolutely huge. This report does say that this is probably the high
1:41.2	watermark for various reasons. One reason that it hasn't listed, but I think maybe effect is that
1:45.7	because last year was a weird year, perhaps you had more of the amateur buyers sitting on the
1:50.5	sidelines, not sure what was going on, where more serious buyers to generalise were getting
	...

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