The property market has changed for good.
Interest rates have soared but what does that mean for you? How do you navigate the mortgage crisis? What will happen to house prices? Will interest rates go down again? Is it worth getting into property investing now? How should you do it?
To help us read the crystal ball we’re speaking to Rob Dix, a property investor and host of The Property Podcast.
--
Sponsors
Get 10% off Sensate to help your anxiety with code MM10 via https://bit.ly/3tpM9ug.
Get 55% off Manual to fix your hair loss with code MM55 via https://bit.ly/48QBBo6.
--
Newsletter
If you want a bullet point summary from this episode, please subscribe to our newsletter: https://makingmoney.email/ep17.
You can find all our previous newsletters on our website: www.makingmoneypodcast.co.uk/episodes.
--
What's your financial health?
Take our quiz: https://makingmoneypod.scoreapp.com/
--
Investment platforms
Here are some of the biggest investment platforms in the UK - and Damo uses all of them too.
Some of these are affiliate links. If you purchase a product or service using one of these links, we will receive a small commission from the seller. There will be no additional charge for you.
Remember investments can fall and rise - and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.
InvestEngine
Get a £25 bonus when you invest at least £100.
https://investengine.pxf.io/daOD2Q
Vanguard
https://www.vanguardinvestor.co.uk/
This is not an affiliate link.
Trading 212
Get a free share worth up to £100 when you sign up for a new Invest or ISA account and deposit at least £1.
https://www.trading212.com/promocodes/MM
If you do not get your free share after depositing at least £1, use the promo code ‘MM’ (for Making Money). You can use this code for up to 10 days after opening the account.
…
This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
--
Chapters:
00:00-00:49 - Intro
00:49-05:15 - Why Rob rents the home he lives in
05:15-09:04 - What is going to happen to interest rates?
09:04-16:03 - Should you extend your mortgage right now?
16:03-17:36 - Sensate Ad
17:36-22:00 - Is the property market crashing?
22:00-25:59 - Is now a good time to buy?
25:59-30:29 - Property vs Shares
30:29-31:02 - Manual ad
31:02-33:53 - Rob’s portfolio
33:53-37:29 - Is property investment worth it in today’s market?
37:29-41:35 - Advice for first-time investors
41:35-45:06 - What to look for in an investment property
45:06-49:47 - The best type of tenant
49:47-53:16 - How Rob only spends an hour a week managing his properties
53:16-55:37 - Why property is not a get rich quick scheme
55:37-58:58 - Lessons from 17 years of property investing