Join an in-depth property discussion with your host Mark Homer and founder of property management software Go Tenant!, multiple business owner and self-made millionaire, Rick Gannon. Hear expert property advice for both beginners and pros and get insights on the best property strategies, the future of the UK property market post-BREXIT and discover what you can do to become a successful property investor as Mark and Rick answer questions from the community.
KEY TAKEAWAYS
Advice From Mark
Clause 24 and difficulties with clause 21 are making property investment more challenging. The Holiday let market along with serviced accommodation units sidestep a lot of recent rules and regulations affecting more established property investment strategies. Although It’s always a good idea to diversify your portfolio to adapt to changes to the current economic climate.
BEST MOMENTS
“The last cycle started in Mayfair in 2010 and then price rises spread throughout the country as people moved”
“It’s always a good time to buy at certain price levels, it depends on potential capital gains and potential yield”
“The next month might actually propose an opportunity to buy at lower prices”
“The bank of England has made an assumption on XY&Z and either way it’s only one outcome”
“There’s always going to be something that stops people from investing, there’s never going to be a right time.”
“You’ve got to adapt to survive”
“Don’t focus on the things that you can’t control”
“We’ve moved the majority out into limited companies”
“The direction of property moving forward politically. Is it better to progress with a commercial strategy that drives cashflow?”
VALUABLE RESOURCES
ABOUT THE HOST
Mark Homer is an entrepreneur investor. He has worked with investment since he was 15 years old using the laws of wealth! He is a spreadsheet analyst with an impressive following from major publications including BBC Radio, The Wall Street Journal, The Independent, and co-authoring the UK’s best-selling property books. Mark has always looked for the best investment vehicle, and at the end of 2007 with Rob Moore the co-founder of Progressive Property his joint portfolio produced more profit than any of the other investments he’d tried in the last ten years, combined.
CONTACT METHOD
ABOUT THE GUEST
Rick Gannon is a serial entrepreneur, multi-business owner and self-made millionaire. Rick's main focus is helping others achieve their financial goals through investing in high cash flowing property. Rick is the Founder of "Go Tenant!" Property management software and tenant recruitment software. Rick is the best selling Author of Number 1 best seller property book "House Arrest" and columnist for 2 national UK property magazines. Rick has featured on Sky Television and is seen as the industry expert for multi-let / HMO property in the UK.