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Today at the Property Investor Show at Excel in London, we had the pleasure of meeting investment commentator, TV presenter, and author Graham Rowan.Graham has not been shy about expressing his views about BTL on his own youtube channel, so we were keen to talk to him to find out more about his views on this topic and where he thinks there is value for investors outside of standard BTL.This is a very interesting and detailed interview and its really healthy to test your views and opinion against those of someone who does not agree with you, so sit down with a cuppa and enjoy!
To further understand Graham's take on BTL, here is one of his own videos from February 2017:
Do you agree with Graham and what did you take away from the interview?SEE ALSO - Buy to let still viable starting out in 2019?UP NEXT - Is BTL dead or am I just late to the party?DON'T MISS - 9 irrefutable reasons why property is still a viable investment + Landlord SurvivalNOW WATCH:
Vanessa Warwick Landlord and Co-Founder of PropertyTribes.com **If you have got value from Property Tribes, find out how you can support it in remaining a free to use community resource**
I have found Graham very influential and I'm very pleased to see him contributing on PT. As I'm already biased, I agree.
It's an excellent interview and I've already placed it with the 2 other PT interviews that have shaped the way I think.
I have listened to Graham for a long time and I came to the conclusion that’s he is right, but I have not invested in his products
My reason is this
1 I can use mine and my wife’s ISA to invest tax free that’s £40K a year
2 I can use pensions for us both £80K a year
3 I can still invest in 3 bed houses with a £23K deposit and still get 8 % yield in the UK via my company
but if I had used up all of my pension and ISA I would invest in Graham’s strategy
He talks about £60k investment and I think. I could do just as well as he claims with the same cash. And it’s still tax efficient - maybe a little work but I don’t mind a little work ...
Learn Change and Adapt ?????
All comments are for casual information purposes only. If you wish to rely on any advice I have given please ensure you obtain independent specialist advice from a third party. No liability is accepted for comments made.
Just to give a comparison :
LF Milton US Opportunities B
6 mts 4.6%
1 year 15.21%
3 years 58.13%
5 years 112.82 %
Over five years that’s 22% tax free growth
I like mavericks . And Graham Rowan is a bit of one .
And yes he by his own admission he is a bit marmite
I gave up listening to standard IFA`s a long time ago and started listening to entrepreneurs
He did too and attracted an audience along with him who likes his way of thinking
The interview was great . Lots of good insights and pointers
He was much more measured than I`ve seen him before in his early vids
But he talks about BTL as if it is not as passive .
But it can be if you pay people to do the bits you dont want to do
I`m far more passive than him .
Hes always here there and everywhere working working working and he is 61
So whilst diversification can be good i see nothing wrong in sticking with your core business
I can do BTL with my eyes shut . To start investing in other assets requires so much new DD work
Rest man - You are a millionaire . Invest in a dressing gown.
Jonathan Clarke. http://www.buytoletmk.com
JC, you will be disappointed to here I visited my BTL 4 times this week doing work there for about 10 hours in total.
Please can I take next week off?
His examples do not sound very 'passive' to me. Property in Montenegro? That would require some active due diligence I would think, especially for me as I don't speak their language! I'm staying local.................
Newbies watching this - this is the type of person you want to buy from when they sell out their BTL portfolios. They often have good quality assets with high yields. I bought from a 'retiring' investor age 79 in 2016. High yield, low maintenance house in Yorkshire. In the 2 1/2 years of ownership I have had to answer 3 emails- one to renew the EPC, one to confirm plumber appointment to fix a broken drain outside the house and the third to confirm to my agent that I was happy to raise tenant's rent. I consider that passive, sorry if the interviewee thinks that too active for him. LOL [btw, I am a few years older than he is]
He does make a good point about the aging population however and I have posted a few comments here on PT about that meta-trend. We do need downstairs bathrooms and toilets as standard to keep seniors from blocking hospital beds. You believe you will live forever, but as anyone who has ad a fall or accident will know, a downstairs bathroom and toilet allows you to recover at home. Any developer who does that will open up the future growing seniors market imo
This afternoon I am visiting a conversion development that I am a JV investor in. And yes, I did suggest they put in a bathroom on ground floor and they listened to my arguments on that.
Anyway, back to my cup of tea...........
Enjoy your weekend...global or local
I don’t find BTL particularly hard work. In the past 6 months I had 1 leak in a flat which I sorted out with 3 texts.
The care home - cemetery model sounds like a winner although I would never buy a room in a hotel or care home. In these sort of models you are funding someone else’s business with 0 influence on how it’s run, and 8-10% interest on your money is peanuts in return for the risk you are taking. Plus I think it must be almost impossible to exit it...if all else fails you may use it yourself :-)))
He is absolutely correct, the buy to let market is for all intents and purposes over.Montenegro has seen property prices fall after the big buying spree from the Russians in 2016/17.Probably will see good demand for holiday accommodation as tourists return. Also good tax conditions.Can think of worst places in Europe to live. Only 2 1/2 hrs from UK. and now attracting high -profile visitors.
In Budapest in 2006-7 if you wanted to flog a property for 30% more than its value all you had to do was market it to Brits who flew in for 1 day to buy a property and were sold a unicorn.
Those properties never achieved anywhere the rent they were told and afterwards the market tanked for 10 years, it has only now recoved, those people can finally get out of it, but it was a long painful wait.
For this reason Montenegro or anywhere else that I don’t know well enough is a big fat no in my book.
I am not suggesting we all go and buy property in Montenegro, its horses for courses. Some may want a small holiday flat ( not expensive) that could be rented for holiday makers to pay the bills. Its not a bad place to holiday in. Others may prefer Spain. Every where is different Warsaw, Krakow,- Poland has seen massive rise in property over last 5 years. Many with connections to these places ie from there originally, have family there can see opportunities to buy, and get more for your buck than at home. I know many Polish people who have and are buying back home with a view to have a property they may well retire too or just to use for holidays. I have always said if buying abroad its for personal reasons and should never be looked at as an investment - if it goes up great but should be used for your personal enjoyment. The world is full of mavericks and their views are also worth listening too as it just makes us all think outside the box. Property has always been a long term investment and the key is getting through the down side and come out the other end. How ever things do change and in a changing environment you have to adjust and change- you can not just stand still. Property should form part of your over all investment strategy and not to put all your eggs in one basket. Comment on corruption of course it happens just like at home. The only difference is we don't acknowledge it as such. Invest in cemetery- you should do that in London - highest murder rates for 10 years.