Apr 15 2024 11 mins 8
Simon discusses the pitfalls of investing in property hotspots, using Dubai as an example. He emphasises the risks associated with buying in areas experiencing rapid price increases, such as oversupply and lack of positive cash flow. He also shares personal experiences with off-plan property investments and highlights the importance of researching areas with growing populations for better capital growth potential.
KEY TAKEAWAYS
- Think twice about investing in property hotspots due to the potential risks associated with inflated prices and lack of positive cash flow.
- Off-plan property investments, especially in international locations, can pose challenges such as oversupply and currency fluctuations.
- To achieve better than average capital growth, investors should target areas experiencing faster population growth, driven by factors like new infrastructure, incentives, and economic stimulation.
- In any market condition, there are always motivated sellers willing to negotiate on price and terms, providing opportunities for investors to secure properties at favourable terms.
BEST MOMENTS
"I believe if you're holding property long term, don't worry about short term blips up and blips down because we're holding long term."
"I have done it in the past. I have made some money from it. I know a lot of people lose money from it, so you need to be very careful."
"So what I want to do is teach you how you can get better than average capital growth."
"Find areas before they become a hotspot by looking for the areas where you're going to get faster population growth and other areas."
VALUABLE RESOURCES
To attend your first pin meeting as Simon's guest visit http://www.pinmeeting.co.uk/, find your local meeting, and at the bottom of the page where you normally pay £20, click on where is says "pay with a voucher code" and use this code: PODCAST. This will by pass the payment page and you can attend your first pin meeting for free.
Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi
Find out about the Global PIN Meetings at www.globalpinmeeting.com
To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20).
Register at Mindset For Property at - www.mindsetforproperty.co.uk
Contact and follow Simon here:
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Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32.
Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk. pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors.
Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth.
Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book.
Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals.
