Remembrance Day - Property and the Armed Forces with Investor, Developer and Ex-Serviceman Rich Liddle
The Property Nomads Podcast · Rob Smallbone & Aaron Devoy
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Show Notes
Rich Liddle is a veteran folllowing a highly successful career in the military, with eleven years in the Navy before transferring to the RAF. Rich’s military experience saw him deployed to Iraq, Afghanistan, Libya and Syria, counting himself as a part of every military conflict the UK has taken part in since 1998.
All through his military life, Rich was operating his property business, which since 2003, has dealt with everything from Buy-To-Lets to HMOs.
In this very special Armistice Day episode, Rob talks to Rich about his military life, and how he effectively lived through two careers at once; that of an active serviceman, and trailblazing property entrepreneur.
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KEY TAKEAWAYS
- Battlefields 2 Business was founded in order to utilise and train those leaving military service in property development and investment and allow them to use funding in order to facilitate that training.
- The level of discipline required in order to become a part of the military, is certainly useful and effective in shaping subsequent generations.
- Mindset is key with any property investor, but even more so for those who’ve left the military. There are added factors, such as PTSD to consider. But veterans can also come into property with a strength of mind that isn’t possible for those without military experience.
- People who have served in the armed forces require the love and support of their friends and family for many years afterwards. Friendships forged in the fire of battles are some of the longest lasting.
- Rich didn’t get started in property in order to make money. Property seemed a sensible move for him – in order to pay his mortgage whilst away on duty, he rented out his house. From here, he became, in his own words, an “accidental landlord”.
- There are many components that can lead ex-servicemen to emerge from the military, having no assets, and forced to live within the parameters of the “paycheque culture”. Rich’s rare insight into this way of life has led him to want to improve this situation.
- There seems to be a race-to-the-bottom when it comes to HMOs. People seem to be too eager to jump on the high-end-luxury model for HMOs, especially in student accommodation.
- Universal Credit has caused significant problems and has resulted in a huge amount of homelessness. Rich can see the big picture behind it, but it’s failed on a macro level, where local councils are having to pick up the tab when it comes to housing.
- Rich’s experience has been mainly hands-on and has been the result of many tried strategies. This allows him to be more fluid when opportunities present themselves. A strong network has made this even more effective.
BEST MOMENTS
‘I like that we have an armed force that people want to be in’
‘I would 100% do it all again’
‘Our limits only exist in the mind’
‘Consistency, consistency, consistency'
VALUABLE RESOURCES
Buy To Let: How To Get Started – By Rob Smallbone (Amazon)
Rich Liddle Instagram - https://www.instagram.com/rich.liddle/?hl=en
Battlefields 2 Business - https://battlefields2business.co.uk
Battlefields 2 Business Facebook - https://www.facebook.com/battlefields2business
Rich Liddle LinkedIn - https://www.linkedin.com/in/richard-liddle-09649251?originalSubdomain=uk
ABOUT THE HOST
Rob Smallbone, Rachael Taylor and Matt McSherry, the hosts of The Property Nomads Podcast, are 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, Rachael & Matt just want to make a huge difference to people around the world. They are here to guide your success in property, business and life and to inspire you to achieve your goals, dreams and visions. They’ve travelled, explored, and invested. And they’re not planning on stopping these activities anytime soon.
Buckle up, sit tight and enjoy the ride that is life.
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