In this podcast, Rob is interviewed by Nana Piesie who invests in UK property. He is based in Sweden but travels widely and spends most of his time working on the road. Rob and Nana discuss why Rob decided to invest in 3 cities/towns that are located within a geographical area that is shaped like a triangle. 

Rob explains why he uses property sourcers. As well as the questions and checks he employs to vet them and make sure they are not scammers. Including how much he pays them. They discuss the impact that CoVid has had on the property market. Including, how Rob thinks things will pan out for the next few years.

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KEY TAKEAWAYS

• It makes sense to diversify your property investment portfolio and own properties in more than one town or city.
• Always analyze the numbers before each investment.
• Towns and cities that are well-connected transport-wise generally have plenty of demand for rental properties.
• You need to carefully vet property sourcers before you start working with them. Rob shares the questions that he asks them and some of the checks he carries out.
• When you use a sourcer you still need to do your due diligence for each property.
• Know your strengths and focus on doing work that plays to those, outsource or let your business partner do the rest.
• It is still possible to take an investor's cash, park it in a property for a few years, revalue and give the investor their cashback with a profit.
• When seeking finance, overvalue the property slightly to make sure you end up with what you need.
• You want your property to be the best in the street.
• The changes in stamp duty have given the UK property market a boost. That will end soon, at which point the bubble is likely to burst.
• There are opportunities in property regardless of the economic climate.
• If you have sound cash flow you can ride out most economic storms.
• You are never going to be able to time your investments perfectly.
• Looking for and filling gaps in the market is the best approach for any business model.

BEST MOMENTS

‘We didn´t want to put all of our eggs in the same basket and have it (properties) in the same place.’

‘You need to be aware of what you are good at and what you are not…focus on your strengths.’

‘You make your money when you buy, in property.’

EPISODE RESOURCES

Pengaflöde Podcast links: 

iTunes - https://podcasts.apple.com/ca/podcast/pengafl%C3%B6de-podcast/id1486931865

Stitcher - https://www.stitcher.com/podcast/pengaflode-podcast

Spotify - https://open.spotify.com/show/1UFSJKznkHiiVMtxgpRmRV?si=L39JDuK2RtSANZ-aJYf5UQ

RSS - https://feeds.acast.com/public/shows/5dc451dfb008bf0b720928ea

Rob´s podcast about the economic impact of CoVid crisis on the UK property market

VALUABLE RESOURCES

The Property Nomads Website 

Buy to Let: How to Get Started – By Rob Smallbone (Amazon)

ABOUT THE HOST 

Rob Smallbone the host of The Property Nomads Podcast, is 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 wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.

Buckle up, sit tight, and enjoy the ride that is life.

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