Should I Stop Buying Property?
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Considering how to change and tailor your portfolio to the ever-changing circumstances is something we should always keep on top of. but should we ever stop buying property altogether? In this episode, Shaz talks about the way you should be thinking about this question.
\\nKEY TAKEAWAYS
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- Property is a liquid asset and it takes time in order to sell it and convert it into cash. Selling property can be difficult and time consuming. \\n
- There are many fees when it comes to buying and selling a property, above and beyond what you\'ll pay for the actual property. Transaction costs are very high. \\n
- A buy to let is a safe place to keep your money, but the returns won\'t always be the best in the world. As the market advances, a downturn becomes more likely. \\n
BEST MOMENTS
\\n\'In downtimes, selling is even more difficult\'
\\n\'Some buyers who will be stuck with a property even if it turns out to be a mistake\'
\\n\'Most investors turn out to be asset rich and cash poor\'
\\nVALUABLE RESOURCES
\\n\\nABOUT THE HOST
\\nShaz Nawaz is a serial entrepreneur; he owns five thriving businesses in diverse sectors.
\\nShaz is committed to helping business owners build successful businesses. Having conducted over 3,000 business growth consultations he has helped his clients generate millions in additional profits. His purpose is to inspire business owners to build businesses that are hugely profitable and sustainable.
\\nHe is a huge advocate of having multiple streams of income. He has written a number of business books and regularly contributes articles to mainstream media outlets.
\\nYou can find Shaz on:
\\nThis show was brought to you by Progressive Media
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