In this week's episode we're going to look at how to invest in 2017, which is a great follow up to last week's 'where to invest in 2017' podcast.
We're also bowing down to a new radio star in our midst - Rob B has been appearing on local radio in Liverpool. He's also been 'up north' looking in and around Warrington for the second RMP office - exciting stuff!
Rob D has had a great week too though and has been making some serious headway into writing his new book which is going to be all about lettings and management. A HUGE thank you to everyone who took up the challenge and sent over their tips, the book will be all the stronger for your input!
There's a cat on the front cover, what's not to like? Subscribers will be receiving their copies very soon, and we can promise you it's a great one.
The media just love a good dose of doom and gloom, particularly if it is property investment based. It hasn’t happened yet, but we are giving you some advanced notice. It will happen this year and if you’re not careful could suck you in. When the media gets negative we get excited, this is when the best opportunities arise.
We have covered this in some depth in the following episodes -
The upshot is bad news for landlords who have been in the game for a long time, not so bad for new investors because they can plan.
Lettings Fee Ban
The government has just confirmed consultation will begin in a few months time, with the outcome to be announced later this year. You might not notice changes immediately after implementation, but we expect see a trend of letting agents increasing their fees to landlords.
PRA - Prudential Regulation Authority
Sounds complex, but basically all this is means is mortgage companies increasing their stress test levels. Will impact investors in the southeast, investors in the north won't notice the changes.
Uncertainty and fear are most likely to be on the menu (again). This will spook some amateur investors, but actually the effect of brexit hard or soft will be felt years down the line.
What should you do and how should you prosper?
Photo Splash is this weeks ROTW and is a great fun free app which is perfect for creating some fun images.
We're making big efforts to become more social this year, and we'd love you to join in the fun.
What does 2017 hold for you and how are you planning for the year? Head to the forum to discuss all the topics discussed in today's episode.
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