SELL or BUY The Truth About Raising Interest Rates

The Progressive Property Podcast

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Kevin talks openly and factually about whether you should be selling or buying in the wake of the further BOE interest rate rise!

KEY TAKEAWAYS

• The BOE has increased increase rates again, the base rate is now 4%. The majority of people who decide on rises are in agreement that this is close to the highest they should go.
• The 2007 crash was for completely different reasons to the struggles we are seeing now.
• As fewer people are buying, particularly amateur investors, that presents opportunities for experienced investors.
• Property investing should be about the long term, house prices will always increase in the long run.
• You can easily waste time waiting for the ‘right’ or ‘best’ property, meaning you’ll miss out on a lot of great investing opportunities.
• Everybody needs to use creative techniques and other people’s money to build a property portfolio.

BEST MOMENTS

‘They are talking about it being pretty close to the top of the interest rate rises’

‘If it stops people spending money it also stops people buying property’

‘Less buyers, prices start to go down’

‘We know fundamentally that property prices in 2024, 2025, will be significantly higher than they are today’

‘Whilst many people are waiting for the best property, they miss just doing deals that work’

VALUABLE RESOURCES

MSOPI – Multiple Streams of Income:

https://www.progressiveproperty.co.uk

https://kevinmcdonnell.co.uk

ABOUT THE HOST

Kevin McDonnell is a Speaker, Author, Mentor & Professional Property Investor. He is an expert when it comes to creative property investment strategies. His book No Money Down: Property Invest talks about how to control and cash flow other people’s property to create financial freedom.

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