The Property Nomads#010: Your Investment Area Part 1 - The Magic F Word
Welcome to the first of this two-part episode where the Property Nomads are going to be covering your investment area and discussing the magic F word: Fundamentals.
The purpose of this episode is to help you narrow your investment from 5 locations to 1 by looking into the Fundamentals. Discover whether you'd like to benefit from cash flow or capital growth through your property empire. Learn how to create and utilise the checklist to optimise your strategy in your own investment area.
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KEY TAKEAWAYS
How to choose your new investment area.
- The magic F-word. Fundamentals.
- Cash flow vs. capital growth. North vs. South. Find out which suits your investment needs.
- Desktop research. You may be able to find most of your answers on Google.
- 5-to-1 model. Once you have chosen either cash flow or capital growth, choose 5 locations of interest before working your way down the following list:
- Is the place well connected with motorways and/or major roads?
- Does the place have railway stations? How well are the towns linked for commuting purposes?
- Are they near airports which might be useful for tourism or business purposes?
- Does the area have any docks or ports?
- Does the area have hospitals and universities?
- Look into the local industry.
- Look at what’s going on nationally i.e. HS2, the fast train link between major UK cities.
- Research the city plan. Are there any upcoming projects that could benefit your investment?
BEST MOMENTS
- “Cash flow or capital growth is what people invest for.”
- “Any rise in equity is called capital growth.”
VALUABLE RESOURCES
- Website (https://wikitravel.org)
ABOUT THE HOST
Rob Smallbone and Matt McSherry, the hosts of The Property Nomads Podcast, are on a global mission to guide your success. Success can happen in many ways, shapes and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob & Matt are just two guys who want to make a huge difference to people around the world. They are here to guide your success in property, business and life and to inspire you to achieve your goals, dreams and visions. They’ve travelled, explored, and invested. And they’re not planning on stopping these activities anytime soon. Buckle up, sit tight and enjoy the ride that is life.
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