One thing I get a little annoyed about is when I see an ‘expert’ on social media telling us that such and such a strategy is outdated and doesn’t work anymore.
Let’s be honest, their ‘hidden’ agenda (not so well hidden) is usually to sell us something, most often a course promoting a different strategy.
You’ll often see the “it’s old fashioned and doesn’t work” comment aimed at buy to let, specifically BRR.
Now, it’s true that in hot markets, when sellers can hold out for much higher prices, it’s much harder for investors using BRR to make the figures stack in a way that allows them to get all of their money back out of a deal.
They may way have to leave some or most of their money in the deal.
But that doesn’t make BRR an outdated strategy.
What they don’t say (perhaps because they haven’t been in property long enough to learn it) is that property is cyclical.
And ALL strategies work better or worse in some parts of the cycle than others.
So Buy to Let BRR is great when the market is slow/falling, and flips aren’t (it’s hard to sell a property into a falling market).
But BRR isn’t as good in a rapidly rising market with prices rising fast, but flips are great.
Anyway, I talk about this in the video.
Here’s to Successful Property Investing.
Peter
Peter Jones
(ex) Chartered Surveyor, author and property investor
https://thepropertyteacher.co.uk
PS. By the way, I’ve rewritten and updated my best-selling e-book, The Successful Property Investor’s Strategy Workshop, which is an account of how I put together my multi-property portfolio, starting from scratch and with no money of my own, and how you can do the same.
For more details please go to:
https://thepropertyteacher.co.uk/the-successful-property-investors-strategy-workshop