2 minute read
2023 IS A NEW AGE OF PROPERTY INVESTING
I’ve created 5 simple steps that you can read below now, and these 5 steps have helped me survive the last 3 recessions.
#1 Do Your Numbers On The Worst-Case Scenario
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A lot of people out there, especially developers base their numbers on the best-case scenario. They work out the numbers according to if everything went swimmingly, but as you know, like anything, there are variable factors out of our control, so always crunch the numbers before you buy on the worst possible scenario. By doing this, you are de-risking, and if everything goes swimmingly, which it does too, you’ll be in for a nice surprise.
#2 Power Team
Being a landlord can be a lonely journey, so it’s time to build a power team and support network. Create connections and relationships with people who are ahead of you, who have systems and processes that you can use. I mean, that’s what landlords do with us, they follow the information we share, they listen to us on what’s about to happen next, and they come and meet us and network. It’s a smart way to get peace of mind, and in the current climate we are in right now, you can’t put a price on peace of mind
#3 Minimise Your Property Tax
Learn the proven ways to keep the money you make. Taxation can be simple, but people choose to overcomplicate things. Your taxation strategy needs to be personal, it needs to be clear cut, and it also needs to be LEGAL. One of our sister companies at Premier Property is Premier Tax Planning, and we have a tonne of free resources that you can tap in to. One of them is an online masterclass about how you can minimise your property tax. To join us, email hello@premierproperty. co.uk with the subject – Landlord Show Tax Gift
#4 The Finance Market is changing, are you ready?
Property finance products are changing, loan to values are changing, rates are changing, which is having a wider impact on the economy. Now is the time to get an excellent mortgage broker if you haven’t already, one who is ‘wholeof-market’. If you have rates that are about to expire, it’s time to move quickly and act proactively to get the best finance deals in the market.
#5 Don’t miss this huge window of opportunity
During this recession, more millionaires and billionaires will be created than at any other time in the economic cycle, and people will look back at this moment we have right now as a missed opportunity.
They will kick themselves, because they would have Lost 10 years, £100,000s if not millions of pounds, and all that time to enjoy their life with the people they care about.
That's a fact.
At the same time, during the coming months, more people will lose their jobs, income and properties than at any other time in the economic cycle.
That’s also a fact.
The window of opportunity you have right now to create and secure everlasting wealth is closing in, so get informed, get upskilled and let’s make it happen.
Ofcourse, many landlords choose us to help them with the information they need to become successful property investors and developers. As a thank you, we have resources that you can access by emailing hello@ premierproperty.co.uk now and we will send them across.