The Savvy Wallet Podcast (Formerly The Take Off Experience Podcast)
Business:Investing
EP. 114 - PROPERTY EXPERTS CLASH: Flipping Property Is A Nonsense Strategy! ft. Alfred Dzadey & Property By Kazy
Joining us in the booth this week is Kazy, an experienced property developer and property investor with over 10 years experience in the property industry and Alfred Dzadey a property investor with a £4 million + property portfolio.
In this episode we discuss:
Follow Kazy on Instagram here
Follow Alfred here
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TIMESTAMPS
00:00 - Preview
01:18 - Intro
01:53 - Meet Alfred Dzadey
02:37 - Meet Kazy
02:56 - Is deal sourcing the best place to start in property?
05:11 - DEBATE: Rent to rent doesn’t offer financial freedom!
09:48 - Only the top 1% of rent to renters make real money?!
12:21 - Steps to investing property
13:28 - Only the top 1% are successful in raising money?!
15:08 - DEBATE: Property Flipping is a BS Strategy!
21:23 - Since 2017 flat prices in London have gone up 3%
24:17 - Flipping is a more liquid asset than the HMO model
25:00 - Sold a property 10 years ago for £310,000, today it’s worth…
28:40 - You raising money is you working!
31:08 - One property strategy has recurring incomes, the other doesn’t!
35:43 - Is property flipping still viable in 2024?
36:42 - HMO portfolios have overvalued assets!
39:28 - Landlords favour professionals?!
42:54 - Spring Budget Change - Less tax in property
45:06 - Spring Budget Change - Multiple Dwellings
47:56 - Predictions for Property in 2024
52:21 - Final words
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