EP. 125 - PROPERTY EXPERT: London Property Market is Broken! First-Time Buyers Can’t Buy Property Unless..! ft. TJ Atkinson
Description
Joining us in the booth this week is TJ Atkinson a Property Investor and Property/Finance Coach.
In this episode we discuss:
- The importance of understanding why you're pursuing wealth
- How his drive to become a millionaire started from school
- How he started his rent to rent business & why it shut down
- How he and his friends bought 30+ properties
- The London Property market being broken
- Why Landlords aren't the villains
- The power of leverage to build wealth
- Why buy to let isn't a great property strategy for Gen-Z and Millennials
- Why you shouldn't sacrifice your youth for a small profit
- A good property strategy for Gen-Z and Millennials and much more!
Connect with TJ on Instagram - https://www.instagram.com/tjalife
Follow me on:
- Instagram - https://www.instagram.com/savvywallet
- Tiktok - https://www.tiktok.com/@savvywallet
Check out: https://www.youtube.com/savvywallet for the video version
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TIMESTAMPS
00:00 - Preview
01:19 - Intro
01:54 - Meet Property Investor, Property & Finance Coach Tj Atkinson
04:21 - I went to 6/7 different schools…!
07:31 - Going to school in West London and leaving the UK
09:04 - Making a pact at school helped me to achieve financial success!
12:07 - My drive to become a millionaire came from…!
15:11 - Lessons learnt from my parents
21:19 - My first business was a recruitment company and this happened…!
25:34 - I got into property by accident…!
27:35 - The bank is holding £400,000 of my money!
31:08 - My biggest regret & starting my own rent to rent business…!
35:05 - This is why my rent to rent business failed..!
40:17 - How my friends and I bought 35 properties between us!
44:20 - The Buy to let property strategy isn’t for building wealth!
49:47 - Mistakes I’ve made buying property
50:56 - Wealth is created through debt
53:23 - The current property market hasn’t impacted me…!
57:31 - The London property market is broken..!
01:02:17 - A way to help first time buyers
01:04:24 - Private landlords support 50% of rental market
01:07:51 - Buy to let isn’t a good strategy for Gen Z & Millennials
01:14:47 - This is the property strategy Gen Z & Millennials should go for
01:18:08 - You’re not motivating anyone making £200 per month
01:18:59 - TJ’s upcoming book: “What the rich teach their kids about money”
01:24:19 - Final words
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