Simon shares simple concepts that guarantee to make listeners more successful property investors, everything from the importance of investing in one's own education and future, to the importance of making short-term sacrifices, scheduling time for learning and taking action, and having an open mind to learning. KEY TAKEAWAYS The formula for massive success in property investing is MA x RS x C, which stands for Massive Action x Right Stuff x Consistency. Taking massive action, doing the right thi...
Oct 09, 2023•13 min•Ep. 210
Simon shares 10 key lessons from Property Magic Live 2023, an annual event held in September. The importance of written goals and having a strong reason why is emphasised, as it helps to overcome challenges and stay motivated. The current state of the UK property market is discussed, highlighting the shift from a seller's market to a buyer's market and the opportunities it presents. KEY TAKEAWAYS Being surrounded by like-minded individuals can lead to valuable connections and potential joint ven...
Oct 02, 2023•16 min•Ep. 209
Simon shares a concept that can help listeners 10X their results in property, business, and personal life. Drawing inspiration from the book "10x is Easier than 2x" by Dr. Benjamin Hardy and Dan Sullivan, Simon focusses upon the importance of focusing on high-value activities and eliminating tasks that don't contribute significantly to success. KEY TAKEAWAYS The concept of "10x is easier than 2x" emphasises the importance of focusing on high-value activities and getting rid of tasks that don't c...
Sep 25, 2023•14 min•Ep. 208
Simon discusses the profitable potential of lease options in property investing. Lease options, also known as purchase lease options or purchase options, are often misunderstood and surrounded by false information. Simon shares various ways to profit from lease options, including using them to get onto the housing ladder, selling properties to tenant buyers, and controlling properties for rental income. KEY TAKEAWAYS Lease options are powerful tools in property investing that can be used in conj...
Sep 18, 2023•16 min•Ep. 207
Simon discusses how to acquire your very first investment property, and begins by acknowledging that the first property is always the hardest, but promises that it gets easier after that. He also offers various suggestions to make the process of acquiring the first property easier, focusing on individuals who already own their own home and want to invest in another property. KEY TAKEAWAYS The first property is always the hardest, but it gets easier after the first one. Acquiring your first inves...
Sep 11, 2023•12 min•Ep. 206
Simon shares valuable insights on how to improve decision-making skills, emphasising that where you are in life is a result of the decisions you have made. Successful people are generally decisive and quick to make up their minds, while unsuccessful individuals tend to be indecisive and easily change their minds. Simon shares personal examples of life-changing decisions and highlights the importance of seizing opportunities as often in life, a single decision can change your life forever KEY TAK...
Sep 04, 2023•18 min•Ep. 205
Simon discusses the popular strategy of rent to rent and compares it to the lesser-known but powerful strategy of purchase lease options. The episode aims to help listeners understand which strategy might be most suitable for their property investing KEY TAKEAWAYS Rent to rent is a popular strategy for both new and experienced property investors, as it allows for quick cash flow without the need for a mortgage. Rent to rent involves finding a tired or retiring landlord who no longer wants to man...
Aug 28, 2023•13 min•Ep. 204
Simon discusses the significance of Property Magic Live, and its relevance in the current property market. The event originated in 2008 as a response to the changing property market during the global financial crisis. Simon shares the strategies taught at the event, including buying properties with no money down and controlling properties through purchase lease options. The episode emphasizes the importance of attending live events to gain knowledge, network with like-minded individuals, and sta...
Aug 21, 2023•17 min•Ep. 203
Simon discusses the age-old question of whether houses or apartments make for better investments. Drawing from his 28 years of experience in the property market, the host presents the pros and cons of both options. KEY TAKEAWAYS Apartments are generally smaller and more affordable than houses, making them a good option for investors with limited funds. Apartments often have desirable locations and amenities, making them attractive to tenants. Apartments require less maintenance for both tenants ...
Aug 14, 2023•18 min•Ep. 202
Simon discusses the recent interest rate rises and their impact on the property market. With interest rates increasing for the 14th consecutive time, Simon explores the potential implications for property prices, which are already falling at the fastest rate since 2009. KEY TAKEAWAYS Interest rates have been rising consecutively to combat inflation, with the latest increase being a quarter of a percent, bringing the Bank of England base rate to 5.25%. Property prices are falling at the fastest r...
Aug 07, 2023•11 min•Ep. 201
In this very special 200th anniversary edition of the Property Magic podcast, Simon talks you through the question on every potential investor's lips - is now a good time to invest in property? Simon also talks about the main lessons he's learned across his vast investing journey, his biggest investing regret, and his top five tips. KEY TAKEAWAYS The market is bound to correct, and a further crash is likely in the next two decades. But we should remain hopeful, and study the trends that have gon...
Jul 31, 2023•21 min•Ep. 200
The Apart/Hotel strategy is something of an advanced way of working, but no matter where you're at in your property journey, it'll be useful. Simon explains the strategy itself, as well as how you can maximise the returns from this fascinating way of investing. KEY TAKEAWAYS Property investing strategies should meet three criteria: It has to represent good value for your tenants - There has to be a high demand - It has to be profitable In order to make accommodation more valuable for your tenant...
Jul 24, 2023•13 min•Ep. 199
Simon has a special announcement: he'll be giving away a fully paid scholarship on his upcoming, life-changing Property Mastermind, and it could be yours! Listen in to find out how you can win, and what it could mean for you and your life. KEY TAKEAWAYS As this is a virtual event, entrants can join and partake from all corners of the globe - there are no geographical restrictions. The cost of the course is usually over £25,000, meaning that for this special time, the barrier of cost has been rem...
Jul 17, 2023•17 min•Ep. 198
Starting a property investing business is very different to scaling it, and in this week's episode, Simon talks you through how to take the business from where it is now, to where you want and need it to be in the shortest possible time. KEY TAKEAWAYS Scaling your property business has more to do with mindset than you may think. Belief and attitude plays a huge part. Think about the goal you want to achieve. When you're very clear about your long term aims, you'll have more chance of reaching it...
Jul 10, 2023•14 min•Ep. 197
Simon discusses your Financial Independence Day - the day you no longer have to work for a living - which might be a lot closer than you may realise... KEY TAKEAWAYS We often believe that the figure we want to earn is the figure we need to work towards. The reality is that we only need to replace the money we have to spend each month - our expenses. The biggest benefit of investing in property is the time you gain - the time freedom - that allows you to set your own rules. When you reach indepen...
Jul 03, 2023•11 min•Ep. 196
With the unprecedented rise in interest rates, many are seeing the Bank Of England's attempts to curb inflation as a new financial crisis. In this episode, Simon tells you everything you need to know, and what to expect. KEY TAKEAWAYS The Bank Of England have voted by 7-2 to increase the base rate by half a percent, from 4.5% to 5%, the thirteenth consecutive increase since September 2021. Wage increases are not following suit, meaning that many will be worse off over the course of the next year...
Jun 26, 2023•12 min•Ep. 195
Simon talks about his all-new initiative designed to raise financial awareness amongst young adults, and why this is one of the most important legacies we can create in the world of today. KEY TAKEAWAYS The education system has always been centred around teaching young people to get jobs in the traditional way, and has encouraged generations to simply become workers. In less than ten years, it's estimated that fifty percent of the jobs currently being done will no longer be performed by human be...
Jun 19, 2023•13 min•Ep. 194
Simon answers the question - why are so many landlords selling up in 2023, and with the current disruption in the market, is it really still a good time to be investing? KEY TAKEAWAYS In any industry, you always have people entering and retiring. The number of landlords entering the market has been on the increase, but this ratio has begun to decrease now. In 2015, the Conservative government announced plans to change the way landlords and investors are taxed through Section 24. It was phased in...
Jun 12, 2023•10 min•Ep. 193
Simon examines the Renter Reform Bill, and talks about what it could mean in the world of property investing, for you as investors, and for your tenants. KEY TAKEAWAYS The bill, if it comes in, will be so disruptive that many landlords are expected to sell up and leave the market altogether. If the tenant is two months late on three consecutive occasions, then an automatic eviction ban will be granted. If a landlord wants to sell a property, then a tenant can be evicted. An eviction can also tak...
Jun 05, 2023•13 min•Ep. 192
Simon continues his crusade to bust through the many myths surrounding HMOs, including pre-existing HMO portfolios, and how energy costs have affected HMO profit margins. KEY TAKEAWAYS There is so much more profit from an HMO that you can get people to manage them for you, meaning that you have more time and more income. Many think you need lots of money to create an HMO. This might be the case in certain cases, but if you're adding value to property, you can refinance and take that money out. P...
May 29, 2023•14 min•Ep. 191
With the sudden public interest in 100% mortgages, Simon talks about whether they are good or bad as a product, as well as for whom they may prove most beneficial. KEY TAKEAWAYS Lenders like buyers to have some skin in the game, and this is why they ask for a deposit, but coming up with such a large sum can prove problematic for many people. Because interest rates are so high, even if people can get a 100% mortgage, the monthly repayments are working out to be more expensive. You haven't lost mo...
May 22, 2023•14 min•Ep. 190
Some investors prefer to use the HMO (House Of Multiple Occupation) strategy, whereas others choose to go down the SA (Serviced Accommodation) route. But which is the more effective? In this episode, Simon lays out the pros and cons of each in search of a clear answer to this often-asked question. KEY TAKEAWAYS Both the SA strategy and the HMO strategy give very high cash flow, making at least £1000 per unit, per month, meaning that you don't need many units in order to start earning serious mon...
May 15, 2023•13 min•Ep. 189
In this episode, Simon talks about the future of serviced accommodation as an investing strategy now that new regulations and guidelines are being considered by the UK government. KEY TAKEAWAYS We will not be given full clarity upon the changes being proposed by the government until the 7th June, 2023, but we can ascertain the conditions being examined. There is a huge demand for serviced accommodation in the UK, meaning that large profits can be made. However, many investors are not doing it co...
May 08, 2023•13 min•Ep. 188
Simon discusses freehold to leasehold title splits, including his all-new 'Freehold To Leasehold check list", created specially in the Property Magic workshops, and designed to help you work out if a deal will be good or not. KEY TAKEAWAYS Freehold to leasehold title splitting is where you find a freehold building where someone has already created individual units within that have not yet been changed to leases. This strategy is brilliant if you don't have much time. It's also remarkably effecti...
May 01, 2023•10 min•Ep. 187
Simon talks you through the pros and cons of both self managing your property portfolio and using a letting agent to do so, and whether you might be falling into the "landlord trap"? KEY TAKEAWAYS The more you grow, the more it becomes advisable to use letting agents, who can take care of the stress for you, and allow you to expand. The smaller issues that tenants can come up with are often not worth your valuable time. These minor disputes are far better handled by someone else, leaving you mor...
Apr 24, 2023•17 min•Ep. 186
With the property market in an ever-changing state of flux, Simon shares the best ways in which you can make sure that your knowledge remains up to date, thereby making you a far better property investor when it counts. KEY TAKEAWAYS It's vital to keep up to date with changes in legislation, taxation and finance. By doing this we can make sure we're able to take advantage of the opportunities available when they arise. Talk to brokers, talk to investors and ignore the sensationalist headlines in...
Apr 17, 2023•13 min•Ep. 185
Simon talks about why, and how, you should set up your own financial fortress - a protection for you and your family that could protect you for life. KEY TAKEAWAYS The school system doesn't do a great job in preparing new generations to deal with the financial concerns of their future. It's always worth discussing this with our children whenever possible. Learn how to make money. Whether that's through a job, business, or investing venture. You have to be able to generate money in some way. Lear...
Apr 10, 2023•11 min•Ep. 184
The world of property investment is exceptionally varied, and there's nothing to stop you from being involved in another, very lucrative way. In this episode, Simon breaks down the art of deal sourcing, and tells you why it might be a viable career path inside the dynamic world of property. KEY TAKEAWAYS When you find deals, and can't move on them yourself, then you can still earn money by selling the deal on as a packaged commodity to another investor who might be able to make the most of it. T...
Apr 03, 2023•13 min•Ep. 183
Simon talks about the value of passion when it comes to investing, and whether or not you need to love property itself, or the results that it can bring? KEY TAKEAWAYS Many believe that in order to be successful. in property, you need to have a passion for property itself. But it is not essential in and of itself. It's more important to be passionate about what property can do for people. You can achieve everything you want to in property, but it's always better to see it as a tool - a vehicle -...
Mar 27, 2023•13 min•Ep. 182
Many are questioning the security of interest-only mortgages, asking whether or not they're a safe bet, or right in their circumstances. In this episode, Simon explains the best use of this important purchase method, and whether it carries a risk or not. KEY TAKEAWAYS In the future, properties will be worth far more than what you paid for it, so an option is to sell up and keep the capital growth. Once your property portfolio doubles in value, you can sell half of it and clear off the entire por...
Mar 21, 2023•11 min•Ep. 181
