EP 129 Why you might think property is a bad idea

In today's episode, we're looking into the reasons why some people think investing in property is a bad idea, and how you can overcome those objections to build long-term wealth.
We'll look at how government interference and legislation have impacted buy-to-let investors in recent years.
But I'll also share why, despite these challenges, property remains one of the most powerful vehicles for generating a passive income and achieving financial freedom.
I discuss practical strategies like purchasing multiple properties with smaller deposits to increase your rental income over time.
I'll also explain the tax benefits of investing through a limited company.
You'll also hear real-life examples from my own 20+ years of investing experience, including how insurance helped a client recover from £70-90,000 pounds of water damage. And we'll talk about mitigating risks through tenant screening and other safeguards.
My goal is to get you to think differently about building wealth outside of traditional savings accounts and pensions.
By the end of this episode, you'll be inspired to leverage property as your own personal brick bank that can weather any financial storm. So stay tuned!
-------- EPISODE HIGHLIGHTS --------
(0:00:11) - Property Investment
Property investment's evolution, economic benefits, and current challenges in the UK provide a balanced understanding for informed decisions.
(0:16:31) - Taxation Impact on Property Investing
Government interference in property investments, tax changes like MIRAS abolition and Section 24, and their impact on buy-to-let investors and tenants.
(0:37:36) - Property Investment Risk Management and Benefits
Managing rental properties requires thorough tenant checks, safeguards, insurance coverage, and strategic mortgage planning for long-term business success.
(0:49:54) - Building Wealth Through Property Investment
Property investment offers control, flexibility, tax efficiencies, and long-term financial stability, with minimal government intervention.
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• EP 129 Why you might t...
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Has this podcast started you thinking about what A Wealthy Life might look and feel like for you?
Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast?
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Browse Books by Vicki:
Using Other People’s Money: How to invest in property 4th edition
Make More Money from Property: From investor thinking to a business mindset 2nd Edition
Property for the Next Generation: Securing your future in uncertain times 2nd Edition
The New Estate: Insights from the 22nd century
The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style
Or read the following Ebooks on VickiWusche.com:
9 Critical Property Principles
The De-Job Yourself Manual: Break your reliance on a monthly wage
The Values Manual: Understand what your values are and how they can be key to a successful business
The Goal Setting Manual: Create meaningful and practical goals then achieve them