This too shall pass…

You feel bad? Pissed off? Angry? This too shall pass.

You feel great? This too shall pass.

You feel like you know all the answers? This too shall pass.

"Time is your ally, and if nothing else, just wait."

This is a quote from Tom Hanks

You can watch it below

I am not sure what the setting was (he is chatting with some other famous people)

But, it resonated with me this week.

As it’s been my birthday, another year older, wiser (supposedly), and the past year has

passed regardless of my action or inaction.

This past week I got an email from someone who’s been “waiting for the right time” to buy

an investment property since 2019.

Seven years. Seven years that have passed by regardless of weather you buy or not.

In that time, the average UK property has gone up by roughly £60,000.

If you’d bought a £200,000 property in 2019 with a 25% deposit. Your £50,000 would now

be sitting on a property worth around £260,000.

That’s a £60,000 gain on a £50,000 outlay, a 120% return on your cash invested. And that’s

before you factor in seven years of rental income.

Meanwhile, the emailers £50,000 has been sitting in a savings account earning maybe 3–

4%. After inflation, he’s gone backwards in real terms.

In my opinion now is the perfect time to buy… which is a bit bias as I believe now is always

the best time to buy

I bought a place in 2023 at the peak of high interest rates... almost 7%, but the equity in

that is already close enough to another deposit on a property

I also believe we may be about to enter a growth phase for UK property.... why? The signs

are there!

Record house price highs

Falling interest rates

More low deposit first time buyer mortgages (most in 18 years)

This February saw the most homes listed in 10 years (a sure sign of confidence)

Heaps of pent up demand from the past 4/5 years

Whether your in your 30s as I am, or in your 60s, it's never too late

A good friend of mine is turning 60 next year.... and he's building a property portfolio NOW

The goal is the buy a mix of income producing / high yield properties, alongside high

capital appreciation properties over the next few years

At 70, he will sell or refinance the capital appreciation properties, and clear the mortgages

on the high yield ones

Giving a debt free income producing portfolio

Held via a company structure

That's debt free, tax efficient income, for LIFE!

In this weeks podcast I discuss if you should transfer your personally owed property into a

Ltd, have a listen

Also if your ever travelling to Phuket, and don't want to wait in the queue, watch this