PROPERTY: We Just Got Paid to Buy a House - MIMO REALLY WORKS!!
In this episode, Rob shares an example of the fact that the MIMO (Money In, Money Out) principle works. Proof positive that it is possible to make these deals. He explains how this golden goose of property investment works and provides insight into how you can also take advantage of these opportunities.
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
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Show Notes
In this episode, Rob shares an example of the fact that the MIMO (Money In, Money Out) principle works. Proof positive that it is possible to make these deals. He explains how this golden goose of property investment works and provides insight into how you can also take advantage of these opportunities.
KEY TAKEAWAYS
- Rob´s first MIMO experience was as a result of a Buy Refurb Refinance (BRR) project.
- You do not have to necessarily get all of the cash you put in back, for a deal to be worth doing.
- Building strong relationships with agents helps you to be told about the best deals.
BEST MOMENTS
‘MIMO or money in, money out works.’
‘If you are in it for the long run as well, then chances are, over time, inflation is going to increase the asset price.’
‘Know the right people and be ready to strike when you can get the deals.’
ABOUT THE HOST
Rob Smallbone, the host of The Property Nomads Podcast, is on a global mission to guide your success. Success can happen in many ways, shapes, and forms. Think about what success means to you. More properties? More clients? Financial freedom? Time freedom?
Rob wants to make a huge difference to people around the world. He is here to guide your success in property, business, and life and to inspire you to achieve your goals, dreams, and visions. He's travelled, explored, and invested. And he's not planning on stopping these activities anytime soon.
Buckle up, sit tight, and enjoy the ride that is life.
BOOKS
Buy To Let: How to Get Started = https://amzn.to/3genjle
101 Top Property Tips = https://amzn.to/2NxuAQL
Property FAQs = https://amzn.to/3MWfcL4
WEBSITE
www.tpnpodcast.com
SHOP
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PODCAST
The Property Nomads Podcast:
I-Tunes = apple.co/3bHNn5G
Stitcher = bit.ly/3cFQVqe
Spotify = spoti.fi/2XaZliP