Investor Mindset vs Homeowner Thinking

from Property Magic Podcast · host Simon Zutshi

This week, Simon explores the investor mindset vs homeowner thinking, and why it is so crucial to differentiate between the two if you are planning to build a successful property investing journey. KEY TAKEAWAYS Financial education is something we have to gain for ourselves, when in reality, it should be a part of the education system. Homeowners often believe that we can only have one mortgage at a time. They also believe that mortgages are based on income. Investment mortgages are based on different data. Not all mortgages need to be repayment mortgages. Investors should aim for interest-only mortgages. Also, age is not a barrier as the payments are being met by your tenants. Inheritance tax must always be considered when building a portfolio of unencumbered properties. Your estate will be forced to pay a huge amount to the tax man if they wish to assume ownership. BEST MOMENTS 'I want to give you the opportunity to challenge your own thinking' 'It's a tragedy that our schools don't prepare our kids for modern life' 'We need to think about why we're investing and also how we're investing' 'You've got to start thinking like an investor and not a homeowner' VALUABLE RESOURCES Property Magic: How to Buy Property Using Other People's Time, Money and Experience by Simon Zutshi To find your local pin meeting visit: www.PinMeeting.co.uk and use voucher code PODCAST to attend you first meeting as Simon's guest (instead of paying the normal £20). iphone: http://bit.ly/pinAPP1 Android https://bit.ly/pinAPP2 Register at Mindset For Property at - www.mindsetforproperty.co.uk ABOUT THE HOST Simon Zutshi, experienced investor, successful entrepreneur and best-selling author, is widely recognised as one of the top wealth creation strategists in the UK. Having started to invest in property in 1995 and went on to become financially independent by the age of 32. Passionate about sharing his experience, Simon founded the property investor’s network (pin) in 2003 www.pinmeeting.co.uk. pin has since grown to become the largest property networking organisation in the UK, with monthly meetings in 50 cities, designed specifically to provide a supportive, educational and inspirational environment for people like you to network with and learn from other successful investors. Since 2003, Simon has taught thousands of entrepreneurs and business owners how to successfully invest in a tax-efficient way. How to create additional streams of income, give them more time to do the things they want to do and build their long-term wealth. Simon’s book “Property Magic” which is now in its sixth edition, became an instant hit when first released in 2008 and remains an Amazon No 1 best-selling property book. Simon launched his latest business, www.CrowdProperty.com, in 2014, which is an FCA Regulated peer to peer lending platform to facilitate loans between private individuals and property professionals. CONTACT METHOD Contact and follow Simon here: Facebook: http://www.facebook.com/OfficialSimonZutshi LinkedIn: https://www.linkedin.com/in/simonzutshi/ YouTube: https://www.youtube.com/SimonZutshiOfficial Twitter: https://twitter.com/simonzutshi Instagram: https://www.instagram.com/simonzutshi/

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