In this episode, Rob explains why inflation can be a good thing for property investors. He explains what inflation is and why the current situation means it is highly likely to happen. As well as covering the impact it has on the economy in both the short and long-term, including on house prices.
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KEY TAKEAWAYS
Inflation should be viewed as a positive thing for property investors.
Houses tend to go up in value when there is inflation.
In the episode, Rob shares an example of how inflation impacts house values and mortgage costs.
Provided you don´t re-mortgage your debt levels remain the same, while the value of your portfolio increases.
Think about locking in a long-term fixed rate for your mortgage. Speak to your broker asap and let them advise you about whether this is viable and wise for you.
Speak to your financial advisor about hedging too. Rob suggests a way you might want to do this, in the podcast.
Right now, look at property investing over the long term.
BEST MOMENTS
‘Inflation is the ultimate stealth tax.’
‘Let inflation do the work for you.’
EPISODE RESOURCES
Dominic Frisby´s books on Amazon - https://www.amazon.co.uk/s?k=dominic+frisby&crid=DJVRBXMHASRP&sprefix=dominic+fris%2Caps%2C324&ref=nb_sb_ss_ts-doa-p_1_12
VALUABLE RESOURCESDaylight Robbery https://amzn.to/3Bd2TV7
The Property Nomads Website
Buy to Let: How to Get Started – By Rob Smallbone (Amazon)
ABOUT THE HOST
Rob Smallbone the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
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