X

Sign Up

or

By signing up I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Sign Up

Sign Up With Facebook, Twitter, or Google

or


By signing up, I agree to Property Tribes Terms and Conditions


Already a PT member? Log In

Log In

or


Don't have an account? Sign Up

Forgot Password

To reset your password just enter the email address you registered with and we'll send you a link to access a new password.


Already a PT member? Log In

Don't have an account? Sign Up

  • Property-a-holics

    State of BTL - No more "Rich Dad, Poor Dad"



    Welcome to the third and final interview with Elaine Power, known as Dislexic Landlord on Property Tribes, one of our most prolific and popular contributors.

    DL has been a landlord in the Newcastle area since 1982 and has been through several property cycles.  She has a wealth of knowledge and experience and is very generous in sharing that.  She is also very active in the landlord community off-line and attends many meetings in her area.

    We have recorded three interviews with DL,  one about her property journey and some of the lessons she has learned along the way, one on her tried and tested "recipe" for selecting and referencing tenants, and this one - her views on the state of the private rented sector:


    We hope you have enjoyed this series of interviews with DL and thank you to everyone who has given such positive feedback.  We will be filming more with DL in the not too distant future!

    SEE ALSO  -          PRS panel debate - Olympia de-brief

    UP NEXT -              Graham Rowan - "BTL in 2019? I'm out!"

    DON'T MISS -         Dislexic Landlord's greatest hits and tips

    NOW WATCH:

    8
    0
    Fantastic interview Vanessa and DL. I enjoyed it and I have been inspired by DL’s achievements. Fantastic.
    2
    0
    Forgot to say thank you. Thank you to both of you.
    1
    0

    Great set of interviews... and I can now read DL's posts in the correct accent!

    4
    0

    Dyslexic and a Geordie LOL  what a combination

    0
    0

    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.

    Another great interview/discussion!  Thank you Vanessa and Elaine :-)

    This is the kind of level-headed thinking that newbie investors in particular need to be hearing, to drown out some of the 'gurus' and marketing hype that the property investment sector is blighted by.

    * I say some of the gurus, not all ;-)

    All the best

    Helen

    The Property Investor's PA


    0
    0

    Helen Godbold-Eade

    Freelance Administrator for Property Investors / Entrepreneurs

    http://www.like-clockwork.co.uk

    Find me on LinkedIn: http://www.linkedin.com/in/heleneade/


    I agree 100%

    "Rich Dad, Poor Dad" has a place ?? It's a good theory but it doesn't mention Taxation

    Thats what has changed - Taxation and Regulation

    Some would say it will still work via a Company Strategy.  I would say it's great to grow the wealth but it's not so good when you want to withdraw profits

    We have had a good run - now it's time to move with the times ...

    1
    0

    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.

    BTL has certainly come a long way since the mid-90s when I started working in this sector.  I'd agree that taxation and regulation have changed hugely since then, but also, the leveraging of property investments has become the norm.  BTL mortgages weren't readily available or accessible until what, 2004/2005?  What was a cash investment in the past became an investment funded by borrowed money, with additional need for strategy and planning, and the risks that this brings.

    The only constant in life, is change.  If we're not able to adapt to change, it's going to be a bumpy ride!

    Happy weekend!

    All the best

    Helen

    The Property Investor's PA

    1
    0

    Helen Godbold-Eade

    Freelance Administrator for Property Investors / Entrepreneurs

    http://www.like-clockwork.co.uk

    Find me on LinkedIn: http://www.linkedin.com/in/heleneade/


    I had several 85% LTV BTL mortgages in the late 90s.  I think that was the norm then.

    0
    0

    Thanks JamesB.  I know a lot of my clients had mortgages for their investments in Eastern Europe starting from 1996/1997, but they weren't specifically BTL products.   Interesting, looking back, to see how the expectations and the products have changed though!

    All the best

    Helen

    The Property Investor's PA

    0
    0

    Helen Godbold-Eade

    Freelance Administrator for Property Investors / Entrepreneurs

    http://www.like-clockwork.co.uk

    Find me on LinkedIn: http://www.linkedin.com/in/heleneade/


    This is a brilliant set of interviews with DL, thank you for sharing your knowledge and experience with newbies like myself. I intend to grow my portfolio and this is priceless information. 

    Thank you


    0
    1

    ManInTheMoon