Retiree Fred Lawson, joins host Gillian Semmler for episode 61 to talk about his property portfolio that he began building in his 70’s. From investment banking in the Bahamas to stockbroking in Australia, Fred has a wealth of financial experience and offers helpful advice to existing landlords and those considering investing in property in these current, challenging times.
With short and long term let properties in Edinburgh and East Lothian, Fred talks about the advantages and disadvantages to both, as well as his reasons for mainly purchasing new builds, including three in one stairwell.
“If you’re in the property market, inflation is your friend”
Gillian and Fred discuss challenges that can be encountered when arranging mortgages later in life and he offers advice for managing a property portfolio at his age. They also chat about market conditions and Fred explains why “if you’re in property, inflation is your friend.”
With the introduction of the licencing scheme, Fred gives his views on its potential impact on the private residential lettings market and whether he would consider transitioning his short term lets to long term in the future.
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