The Property NomadsMoney In Money Out Successes with Chris Evans
In this podcast Rob kicks off his Getting Started with Property Investment. He talks to Chris Evans who is still working as a solicitor, while building a buy to let business with his partner Anya who also works full-time. They are doing this primarily as a pension pot and manage all of their properties themselves.
Chris explains why they take out 2-year mortgages, instead of using angel investors and refinancing after six months. He also shares why he targets commercial or bank sales.
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KEY TAKEAWAYS
- Putting together a proper property pack really helps when you are seeking finance.
- Buying bank sale properties means no chain and no risk of being gazumped.
- There is a great need for social housing and counsels need more properties too, which are both potential opportunities.
- If you are happy investing in just one or only a few properties that is OK.
- There is no right or wrong way to run a property business.
BEST MOMENTS
‘We've found that we've actually got more money out by leaving it two years, because the property values have increased.’
‘If you abide by the law, you're not doing shady stuff, etc, there's no right or wrong way to do property.’
‘Make sure you do all the right things, in terms of when you set the tenancy up e.g., use all the NRA documents.’
VALUABLE RESOURCES
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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