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:

• Is deal sourcing the best place to start in property?
• Rent to rent doesn’t offer financial freedom! 
• Only the top 1% of rent to renters make real money?!
• Only the top 1% are successful in raising money?!
• Steps to investing into property
• Property Flipping vs HMO investing
• Spring Budget impact on property
• Predictions for property in 2024 and much more!

Follow Kazy on Instagram here

Follow Alfred here

Follow me on: Instagram and Tiktok

Check out: https://www.youtube.com/savvywallet for the video version

Our partners:

Coursera

Learn AI, Cybersecurity, Project Management, Data Science & more with Coursera here: https://imp.i384100.net/savvywallet

Ato has personally used Coursera to obtain an AI certificate.

NordVPN

Get 3 extra months free with a 2 year plan: https://go.nordvpn.net/aff_c?offer_id=15&aff_id=106735&url_id=902

Some of the links are affiliate links which means that we will receive a small commission if you make a purchase, however there will be no additional charge to you.

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

Learn more about your ad choices. Visit megaphone.fm/adchoices