Episode description
Episode description
Explore the world of property investment in this episode featuring Mark Homer. Mark shares his unique experience of owning 20 investment properties while residing with his mother, highlighting the financial benefits of this unconventional living arrangement. Mark talks about the debate between renting and buying a home in the UK and also discusses recent tax changes, including Section 24 and increased stamp duty, impacting the property market. Gain insights into the current property market, including falling prices due to higher interest rates and what this could mean for you as a property investor.
Mark Reveals
- The Government's handling of the COVID-19 pandemic and the impact it had on businesses
- Tax changes have made the cost of living more expensive for tenants and homeowners.
- The increase in rental prices due to landlords leaving the market.
- It is better to invest money in properties rather than buying your own home
- Why the idea of renting your own home instead of buying it is better
BEST MOMENTS
- "There's a severe lack of rental property because the planning system is broken and because of Section 24 and because they've put the stamp duty up to higher rates of 3% on top."
- "Clearly, interest rates going up, yes, but a huge amount of it is landlords leaving because of all this stuff, less rental property."
- "Rents are just going absolutely nuts off the back of this."
- "If you're only going to stay in a year or two, it's definitely better to rent."
- "You just need to sort of adapt, don't you, to adapt your business, you know, an issue comes along, you just set the sail of your sailing boat to take advantage of the new direction of the wind."
VALUABLE RESOURCES
ABOUT THE HOST
Rob Moore is an author of 9 business books, 5 UK bestsellers, holds 3 world records for public speaking, entrepreneur, property investor, and property educator. Author of the global bestseller “Life Leverage” Host of UK’s No.1 business podcast “The Disruptive Entrepreneur”
“If you don't risk anything, you risk everything”
CONTACT METHOD
Rob’s official website: https://robmoore.com/
Facebook: https://www.facebook.com/robmooreprogressive/?ref=br_rs
LinkedIn: https://uk.linkedin.com/in/robmoore1979