The Savvy Wallet Podcast

EP. 114 - Property Experts CLASH: Flipping Property Is A Nonsense Strategy! ft. Alfred Dzadey & Property By Kazy


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Joining us in the booth this week is Kazy, an experienced property developer and property investor with over 10 years experience in the property industry and Alfred Dzadey a property investor with a £4 million + property portfolio.


In this episode we discuss:

  • Is deal sourcing the best place to start in property?
  • Rent to rent doesn’t offer financial freedom! 
  • Only the top 1% of rent to renters make real money?!
  • Only the top 1% are successful in raising money?!
  • Steps to investing into property
  • Property Flipping vs HMO investing
  • Spring Budget impact on property
  • Predictions for property in 2024 and much more!

  • Follow Kazy on Instagram here


    Follow Alfred here


    Follow me on: Instagram and Tiktok

    Check out: https://www.youtube.com/savvywallet for the video version


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    TIMESTAMPS

    00:00 - Preview

    01:18 - Intro

    01:53 - Meet Alfred Dzadey

    02:37 - Meet Kazy

    02:56 - Is deal sourcing the best place to start in property?

    05:11 - DEBATE: Rent to rent doesn’t offer financial freedom!

    09:48 - Only the top 1% of rent to renters make real money?!

    12:21 - Steps to investing property

    13:28 - Only the top 1% are successful in raising money?!

    15:08 - DEBATE: Property Flipping is a BS Strategy!

    21:23 - Since 2017 flat prices in London have gone up 3%

    24:17 - Flipping is a more liquid asset than the HMO model

    25:00 - Sold a property 10 years ago for £310,000, today it’s worth…

    28:40 - You raising money is you working!

    31:08 - One property strategy has recurring incomes, the other doesn’t!

    35:43 - Is property flipping still viable in 2024?

    36:42 - HMO portfolios have overvalued assets!

    39:28 - Landlords favour professionals?!

    42:54 - Spring Budget Change - Less tax in property

    45:06 - Spring Budget Change - Multiple Dwellings

    47:56 - Predictions for Property in 2024

    52:21 - Final words

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