A Wealthy Life

If you're looking for a low-maintenance investment, HMOs may not be for you.

In this week's podcast, I'll argue that HMOs (Houses of Multiple Occupancy) can be a waste of time for landlords. I'll explain how they require more work than the traditional buy-to-let and why they are often not as profitable as they seem. I'll offer simple strategies to manage multiple tenants living under one roof.

I'll also map out the course I recommend my clients take when aiming to invest in an HMO. It is important to do your research beforehand. I'll encourage you to understand your local regulations, market demand, and the potential risks involved. And I'll conclude by advising you to carefully consider the risks and rewards of investing in HMOs before making a decision.

Successful HMOs are all about your level of personal insight into your clientele. Client knowledge is power. Knowing who wants what–and how you can offer it to them–makes the difference between a strategy worth pursuing and a strategy that ultimately leads to stepping out of the game.

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THE WEALTHY RESOURCES

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Highlights from this episode:

[00:01:50] – How Renting Out Room-By-Room Changes the Game

[00:04:41] – Why Do You Want a Cash Flow Strategy?

[00:10:04] – HMOs Necessitate More Refurbishment

[00:17:15] – Mitigating the Problems of HMOs

[00:25:29] – The Importance of Strategy

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Connect with Vicki:

Visit my website to learn more

Subscribe on YouTube

Follow on Twitter

Connect on LinkedIn

Add on Facebook

Follow on Instagram

Booking calendar - https://calendly.com/vickiwusche

Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them

Leave us a review and subscribe! We love having you here.

Links & Resources:

THE WEALTHY RESOURCES

JOIN THE PODCAST FAN CLUB NOW

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Connect with Vicki:

Visit my website to learn more

Subscribe on YouTube

Follow on Twitter

Connect on LinkedIn

Add on Facebook

Follow on Instagram

Booking calendar - https://calendly.com/vickiwusche

Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them

Episode 65: Why You Should Invest

Ok, so you've figured out the timing of your property journey. You've chosen to take the plunge with me, so to speak, into the next steps on your path to a wealthy life.

Now, it's time to dig down to the heart of the adventure– the why of it all.

Where last week focused on timing, this week we'll look at time. It's your most valuable resource, after all–I can lend you a pound, but I can't lend you a minute. I'll teach you how to hone in on your priorities and make strategic shifts to align your income with what matters most.

What if you could create a second income that would take the pressure off of your physical health, your mental health, and your family's emotional well being? What if you could get more out of life than two day weekends and occasional vacations? What if you could experience more of what life has to offer, more often? It is possible to free up your time by releasing money and investing in property.

Leave us a review and subscribe! We love having you here.

Links & Resources:

THE WEALTHY RESOURCES

JOIN THE PODCAST FAN CLUB NOW

Highlights from this episode:

[00:01:53] – What's Important To You?

[00:03:47] – Wealthy Mindset Questions

[00:15:27] – Getting Creative

[00:18:55] – Who Are My Clients?

[00:21:12] – Why You Should Invest in Property

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Connect with Vicki:

Visit my website to learn more

Subscribe on YouTube

Follow on Twitter

Connect on LinkedIn

Add on Facebook

Follow on Instagram

Booking calendar - https://calendly.com/vickiwusche

Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them

Episode 64: When is the Right Time to Invest?

"Should I be investing now or should I wait till next year?" Uncertain if you're ready to take the next step on your property journey? Last week, we established that now is always the right time to invest, because housing prices will always rise.

This week is all about a deep dive into understanding cash flow. I'll define ROI, or return on investment. I'll explain how property is a long term investment technique that relies on cash flow over capital gain. I'll show you how to calculate whether a particular opportunity is a good use of your money and provide examples comparing different investment options. I'll use the Crossrail project in London to illustrate the enduring importance of factoring in location when determining whether to invest–tying together the balance between time and place. Finally, I'll leave you with this food for thought: now is the best time to buy and the only better time to have bought would have been last year.

Leave us a review and subscribe! We love having you here.

Links & Resources:

THE WEALTHY RESOURCES

JOIN THE PODCAST FAN CLUB NOW

Highlights from this episode:

[00:01:45] – Cash flow over capital gain

[00:03:52] – ROI

[00:11:00] – Using ROI to compare investment options

[00:14:12] – Location

[00:22:45] – Why there will always be a need for private landlords

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Connect with Vicki:

Visit my website to learn more

Subscribe on YouTube

Follow on Twitter

Connect on LinkedIn

Add on Facebook

Follow on Instagram

Booking calendar - https://calendly.com/vickiwusche

Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them

Episode 63: When is the Wrong Time to Invest in Property?

When is the wrong time to invest in property? Is there a wrong time? I'll answer these questions boldly in this week's episode of A Wealthy Life.

While I cover the history of investing, I'll illuminate some of the realities of the UK housing market. In investment terms, I'll define scarcity for you and how it gets checked by affordability. I'll detail the dynamics behind the housing shortage in the UK. I'll tell you all about the "rise of the private landlord" that happened during the 90's to early 2000's and how it led to the buy-to-let market becoming a major player in property. I'll tell you why prices are going to rise and why there will always be a strong rental market.

I'll impress upon you that you need to understand your own affordability–How long can you afford to tie your money up in a property? Are you content with the revenue that property will generate? You'll see that the timing of your property investment journey depends upon your own, individual circumstances. I'll finish by reminding you that property is a long term investment.

Leave us a review and subscribe! We love having you here.

Links & Resources:

THE WEALTHY RESOURCES

JOIN THE PODCAST FAN CLUB NOW

Highlights from this episode:

[00:02:39] – The Concept of Scarcity

[00:09:06] – Statista Graph

[00:10:20] – Cultural & Societal Impact

[00:11:36] – A History Lesson

[00:16:25] – The Rise of the Private Landlord

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Connect with Vicki:

Visit my website to learn more

Subscribe on YouTube

Follow on Twitter

Connect on LinkedIn

Add on Facebook

Follow on Instagram

Booking calendar - https://calendly.com/vickiwusche

Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them

Chances are, you've lived in a flat at some point in your life–but have you ever considered owning one? There's a lot more to it than you might imagine, even if you have experience with house ownership. So much more, in fact, that I most often recommend against investing in them.

In this week's episode, I'll tell you why, in the battle of house vs. flat, less is more. I'll explain what a freehold is, what a leasehold is, and how they compare to one another. I'll detail the dynamics behind service charges for owning flats and why they complicate the prospect of flat ownership. I'll explain what lease terms are and illustrate the difference between house-owning and flat-owning via side-by-side comparison. I'll touch on how Covid-19 impacted the value of flats. And I'll tell you why I especially avoid new-built flats.

Then, I'll end with a series of summary questions to get you thinking on a more strategic track if/when you are ever considering investing in a flat. Ultimately, I will encourage you to buy with your eyes open!

Finally, I'll get to say to you all at last– May the 4th be with you!

Leave us a review and subscribe! We love having you here.

Links & Resources:

THE WEALTHY RESOURCES

JOIN THE PODCAST FAN CLUB NOW

Highlights from this episode:

[00:01:30] – Freehold vs. Leasehold

[00:08:22] – What is a Service Charge?

[00:15:03] – Lease Terms

[00:17:46] – A House vs. A House of Flats

[00:21:25] – The Impact of Covid-19

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Connect with Vicki:

Visit my website to learn more

Subscribe on YouTube

Follow on Twitter

Connect on LinkedIn

Add on Facebook

Follow on Instagram

Booking calendar - https://calendly.com/vickiwusche

Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them

Episode 61: Getting Started– How I Did It

Thinking about investing in property, but not sure how to begin? It's exciting to take your first steps into the unknown, but it can also be quite daunting. In this week's podcast, I orient you at the start of your journey by telling the story of my own, realistic beginning.

Because we're going all the way back to the start, I'll make reference to my first book, Using Other People's Money, How to Invest in Property. I'll talk about the advantages of forming family partnerships when getting started in property investing and which questions to ask yourself to get the most out of your strategy. I'll remind you to get to know your market ahead of time and to carefully consider what you're getting yourself into. I'll cover the ins and outs of HMOs, focusing on student and young professional housing. I'll explain how to check in with your financial strategy down the line to ensure your path to success. And I'll provide a window into my property investment business, built on the knowledge and lessons I've learned during my own journey.

And, as always, I'll encourage you to sit down with your trusted spreadsheet and map out your strategy before taking action.

Leave us a review and subscribe! We love having you here.

Links & Resources:

THE WEALTHY RESOURCES

JOIN THE PODCAST FAN CLUB NOW

Highlights from this episode:

[00:01:04] – Forming a Family Partnership

[00:12:20] – Getting Started

[00:21:02] – A Look at HMOs

[00:27:57] – Revisiting your Financial Strategy

[00:31:42] – Working with Clients, My Own Property Investment Business

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Connect with Vicki:

Visit my website to learn more

Subscribe on YouTube

Follow on Twitter

Connect on LinkedIn

Add on Facebook

Follow on Instagram

Booking calendar - https://calendly.com/vickiwusche

Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them

Episode 60: What's best - buy to hold, buy to sell, remortgage or develop?

So, you've got some money and you've learned about some property investing options. Which one is best?! Well, you've come to the right place. I have a method for determining which approach will serve you best based on: a) how much money is needed, b) how much time is needed, and c) how much experience is needed.

I will explain the resources and experience necessary to successfully leverage the strongest property investment strategies, as well as how some strategies can naturally flow into each other as you gain capital and know-how. I have used every one of these strategies and so I come to you from a place of deep understanding of the ins and outs of property investing from beginner to advanced. If there is one lesson out of all that I want you to take home this week it's this: build a solid cash-flowing foundation first and then see the magic that can unfold!

Leave us a review and subscribe! We love having you here.

Links & Resources:

THE WEALTHY RESOURCES

JOIN THE PODCAST FAN CLUB NOW

Highlights from this episode:

[00:02:20] – Why would you buy to hold?

[00:12:30] – Next level: buy to sell

[00:17:41] – Remortgaging can be complicated

[00:28:49] – Development means wearing many hats

[00:35:45] – Start with a solid foundation

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthybased on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Connect with Vicki:

Visit my website to learn more

Subscribe on YouTube

Follow on Twitter

Connect on LinkedIn

Add on Facebook

Follow on Instagram

Booking calendar - https://calendly.com/vickiwusche

Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them

Episode 59: The Jargon – A History of Investment Techniques

Why is understanding jargon important? I've got three words for you: Cash. Flowing. Asset. This is the foundation of wealth building, and it is particularly relevant to property investment. Jargon will give you literacy about the techniques and strategies that I've mentioned before, as well as a whole diverse range of additional investing options. Knowledge is power and knowledge is money, so grab a pen and paper and take notes!

This week I explain in depth some important technique jargon for property investors. It is important that you understand the options available to you, as well as the pros and cons of each choice you can make. While I can teach you the terms, it is up to you or your professional advisor to choose what works for your situation.

Links & Resources:

THE WEALTHY RESOURCES

JOIN THE PODCAST FAN CLUB NOW

Highlights from this episode:

[00:04:13] – Why not just borrow the money?

[00:10:03] – Let's talk 2007-2008

[00:20:06] – Lease options and rent to rent

[00:32:09] – Cashflow with better returns than the bank

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Connect with Vicki:

Visit my website to learn more

Subscribe on YouTube

Follow on Twitter

Connect on LinkedIn

Add on Facebook

Follow on Instagram

Booking calendar - https://calendly.com/vickiwusche

Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them

I don't know about you, but I usually learn best by hearing other people's stories. Something about it lets me connect my own experience to the storyteller's and work out in my mind how to apply lessons to my own life.

Today is property story time, where I will break down my first property purchases, and how I worked out a strategy and chose techniques to generate wealth from property. I am hoping this will be clear and accessible to those looking to invest in property. I also hope you'll find my personal story interesting and be able to connect my lessons learned to your future plans.

Always feel free to send me a message - I love a chat about anything property, personal finance or wealth-related.

Links & Resources:

THE WEALTHY RESOURCES

JOIN THE PODCAST FAN CLUB NOW

Has this podcast started you thinking about what A Wealthy Life might look and feel like for you? Why not spend another 3 minutes and take my online audit called Readiness to Retire Wealthy based on the five principles discussed in The Wealthy Retirement Plan book and episodes of this podcast? The assessment provides you with a personal score and report to help you take back control of your financial future – something business owners and employees both forget – but for different reasons.

Connect with Vicki:

Visit my website to learn more

Subscribe on YouTube

Follow on Twitter

Connect on LinkedIn

Add on Facebook

Follow on Instagram

Booking calendar - https://calendly.com/vickiwusche

Browse Books by Vicki:

Using Other People's Money: How to invest in property 4th edition

Make More Money from Property: From investor thinking to a business mindset 2nd Edition

Property for the Next Generation: Securing your future in uncertain times 2nd Edition

The New Estate: Insights from the 22nd century

The Wealthy Retirement Plan: A revolutionary guide to living the rest of your in style

Or read the following Ebooks on VickiWusche.com:

9 Critical Property Principles

The De-Job Yourself Manual: Break your reliance on a monthly wage

The Values Manual: Understand what your values are and how they can be key to a successful business

The Goal Setting Manual: Create meaningful and practical goals then achieve them