The Complete Guide to Property Investment: How to survive & thrive in the new world of buy-to-let

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You think it would be nice and it would be for a little bit. But what would happen? Our prices would immediately have to increase. The price of everything would go up because otherwise . . . You need an emergency fund. If you’re saving for something like a house, you don’t want to have that exposed to the markets where anything could happen over a short period of time. So I’m not saying don’t save, but I’m just saying be aware that it might feel now like your savings are doing something for you, but because inflation is higher as well, it’s kind of not. That’s OK: you don’t have to beat the market. You can do perfectly well by just performing in line with the market. And that’s spectacularly easy to do: just own a bit of everything. I loved some things I read, and really challenged other parts. But either way, I found that this engagement with the titles was stimulating a level of critical thinking which hadn't experienced since I began investing a decade ago.

Read the biography of any successful CEO. You’ll find the majority of them wake up before 5am, and almost all have a daily exercise regime – again, often well into typical “retirement” years. Once you internalise this principle, you can be rightly suspicious when times have been either good or bad for too long. If you’d sold everything you owned on 22 March 2006 when Gordon Brown said in his Budget speech there would be “no return to boom and bust”, you would have avoided the enormous financial blow-up a couple of years later. Principle #8: Timing the market well is better than not timing it at all. But timing it badly is even worse. Unhelpfully, some of these strategies directly conflict with others. It's not possible for everyone to be correct. Correct. Yeah. So if your earnings go up in line with inflation but your debt stays the same, then it becomes easier for you to pay that debt off in the future. So it’s great if you’ve got debt. And who’s got more debt than anyone else? The government.

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The synopsis says: “[it] explains why the pound has lost 99% of its value, and how to use future declines to your advantage; how the government produced billions out of thin air in response to Covid, and which investments will benefit the most as a result; and, most importantly, what’s coming next – and how to position yourself to gain rather than suffer. It takes an average of 15 - 25 weeks to invest in a property. This measures the time from a property being publicly listed on the market, to keys being handed to the buyer. It’s also worth considering that while there is not a single book that will answer every question and deliver success, part of the research all investors should undertake is to read several books on the subject to ensure they are well-versed in terminology and how they can deliver profits. Are property investment books worth reading? Yeah, well, first of all, I choose to rent because I like the flexibility, so I fully do so in London, where rents have gone up a lot. So I fully see that side of things as well. But that’s, also kind of shows why I like property as an investment, because the rents do tend to rise in line with earnings and inflation. So you’ve got an income stream that sort of rises over time. In terms of actually getting into property, though, it’s not something to be taken lightly. His own property portfolio has given him the flexibility to travel the world with his family, and the freedom to do what he loves: learn, simplify, then pass that knowledge on.

Real Assets, like property, are great because you can’t create them out of thin air. They have real-world utility and intrinsic value regardless of what’s happening in the financial markets. Each month, up to 100,000 residential properties change hands, making this a high volume market in spite of the recent economic issues. In fact, the year-ended August 2020 recorded house price increases of 2.5%. Doing something else. (laughter) So that’s one. And the other is favouring boring companies. So it’s like, when money is free and everything’s going great, then all your kind of Teslas and Netflix and all those exciting companies that are maybe possibly gonna make money one day, are very attractive. When that’s not the case and we’re now in a more high-interest-rate environment and gonna stay there, but your kind of boring, kind of consumer staples, again, things people actually need, and they’re probably been trading a bit cheaper over recent years, again, going to be more appealing. So we’ve, that’s obviously a correction we’ve already seen. But what I’m saying is it, I think, is gonna stay that way because the conditions are going to remain in place. So keeping it boring both in terms of what you invest in and how you invest in it is probably a better way to go. Well, Rob, I’m glad that you’re not worried. It’s been wonderful gathering through all of the ideas that you’ve got in your book, The Price of Money: How to Prosper in a Financial World that’s Rigged Against You. Hopefully we’ll all have a bit more time to prosper from it. Your ideas are really, really interesting. Thanks for coming on the show.We need to decide on the relative importance of each, then select assets that strike that balance. Principle #3: Your future earning power is your biggest asset This is a radical oversimplification, of course, and I own plenty of financial assets. But if you read most personal finance advice you’d think they’re the only type – which cuts you off from some of the most valuable assets you can own. Principle #10: Your finances are a reflection of your personal habits Property development’ is often used as a term to describe people buying run-down buildings, improving them, then selling them at a profit. This is usually a short-term strategy that is also referred to as ‘flipping’.

Somewhere between 90% and 100% of professional fund managers fail to beat the market consistently over time. This ranked guide of property titles is a resource to help your find the best property investment books for beginners in the UK. Make use of your scepticism when you come across a brand new property books. Be curious! Wonder : "Is this book trying to teach, or convert?"

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So how do you choose the best property investment books to guide you through? My best advice is to: Money is created when loans are made. The amount of debt has gone way up, which means there is now loads of money, loads of debt. And it’s kind of got to a point where it’s not sustainable. My list of the best property investment books above is as good as any place to start, as I have consciously included a mix of different writing and investing styles to ensure that it caters to a wide audience.