Empty Properties Everywhere (House Price Crash) ⛔️

Empty properties everywhere, and guess who loves you? So I'm live here in my city on these Facebook Live Ray-Ban glasses, and I'm walking you around my city, and there's empty properties everywhere, and I'm seeing the proof of the house price crash. Sometimes people say to me, 'Oh Rob, you're just fearmongering, there's no property price crash.' Well, look, there's empty properties everywhere. Look, boarded up there. Furniture warehouse, empty and boarded up. There's here, look, Savills, under offer, empty. That one's just been replaced, that was empty forever. So empty, empty. I won't even go down there, I might not come back alive. I am in Peterborough. So, um, let me ask you, do you think that a house price crash is coming? Do you think that there's a recession coming? Do you think that house price crash is bad? Or do you think there's opportunity? Because I'm just going to take you down what used to be probably the best boutique arcade in our city, and it's just— there's empty properties everywhere. Then I'm going to show you around some of mine that I own, probably around 215 units, because people don't actually know this about me. But look, this is empty. So as you can see, empty. Is anyone interested in that? Well, clearly not. Oh, and there's another one, Coco More Boutique, Coco No More Boutique. So this is empty. If you're just tuning in, you can see I've got these glasses and I'm live on them. There's another one, Elsie and Me, empty. So empty, empty, empty. Now this used to be 20 years ago the thriving boutiquey place. For all the nice local businesses. Now the council clearly aren't bringing in enough incentive, or maybe people just can't afford anymore, um, to rent out shops. So this has been like— this has been here decades and now it's gone. And it's sad, sad to see all these businesses and units struggling. Here's another one here empty. So you can see there, that is empty, empty. And there's, there's a big unit up there, empty. That's empty. Interested in this? Clearly no one is. This is empty. That's empty. So there are about 6 major factors I'm seeing that are pulling the property prices down. Empty, empty, empty. Everything's just boarded up. And this, do you know, Peterborough had the biggest shopping centre in Europe when it was built, I believe, in the late '70s. And now, that's another one empty, look, you can see there. This used to be Carluccio's. Not even Carluccio's could survive in Peterborough. So we've got this situation right now where The banks are buying up a load of property, interest rates have soared, rents have soared, and people literally cannot afford properties anymore. People need two incomes to support a mortgage, and not just from the affordability, but now this is what the banks want to see. So this is for real, by the way, and I know this because I became a millionaire in the last recession. And I bought dozens of properties in the 2008 crash, which actually ended up being the best time for us. We didn't know it at the time, but I know because I've seen a full cycle. So we own this one here. So you can see it's Pizza Express. Have a guess what we paid for in the comments. If someone can get it spot on, I might give you a silver coin. But let me give you a clue. This— and let me show you how far it goes down. In some places in London, a double garage would cost you more. You can see, look how far it goes down. And you can see it's got the second and third storey above. And you can see Pizza Express is the tenant, so obviously they're a significant— let me try, let me stand on this— they're a significant tenant. And we believe we'll increase the value of that by about a third. With a small technical change. Can't say what it is because obviously it's our business, but yeah, so basically we've got that at one-third off what it probably was worth before this recession or crash. So do you think a recession is going— look, it's Saturday, it is the busiest day of the week, it's Saturday, no one's fucking here. The place is dead. We've got all these chains and nothing else, and it's sad to see what's happening on the high street. Look, that's to let up there, so they're empty. So I'm going to take you around the corner and show you some of the properties that I own. I'm going to take you around about 215 of the units. But, you know, if like me you think a crash is coming Look, there's another 'To Let' sign up there. If you, you know, think that the banks are at it, I mean, imagine all these people on mortgages historically of less than 2%, and now interest rates go up to nearly 6%, and then the banks stick a profit margin of 1% or 2% on top, and now people are having to pay 8%, 8% or more on a mortgage. They can't afford it. They're just going to give the keys back. And the same banks that got them on these cheap mortgages and then whacked them up are going to buy the properties cheap off them. They're going to repo them. This is just— this is how it works. By the way, if you want a sign of when the right time to buy property is, see if the banks are buying them or not. So give me a yes in the comments if you think the banks are buying properties right now. There's another empty one there. So I'm going to take you around. There's the town hall there, by the way. We're doing our absolute best to, you know, work with the council to turn around some of these properties and make them look nice. At the right money, of course I'd buy that. Um, but look, another— just, it was just so run down. So BlackRock are buying up towns and cities, one of the biggest funds in America. Um, Lloyds have said they want to be the biggest private landlord in the UK. If that's not a sign that it's a good time to buy property, I don't know what is. Because the banks have the data, the banks lend all the money for the properties, that's their main security asset. So give me a yes in the comments if you see the opportunity too. Or, um, because, you know, look, a lot of people think the banks are evil. Which way shall I go? I'll go the front way. A lot of people think the banks are evil. A lot of people think that, you know, there's not enough help from the government and central banks. But there's also a great opportunity because in an ideal world, what you want to do— so we own this one here. You want to buy relatively low and rent relatively high. And right now you've got interest rates going up, which is forcing up people's living costs because their main living cost is obviously their mortgage. So it's forcing up repossessions, so it's forcing down prices because repossessions always go cheap. And then as soon as you've got sold prices, you've got proof of lower sold properties, and then other properties have to be priced at that. And you've got all these empty properties, which means you've got an oversupply and therefore a further reduction in prices. So have a guess what we bought this for. I'll give you a clue, it's not a lot. And by the way, I'll give you a clue in the size. We developed it to 120,000 square feet. So have a guess. I'll come back to that in a moment. But if you would like to cash in on the crash, If you would like to learn what I believe are the 6 factors that are causing the crash— we own that, by the way, and we just rent that out, got a good lease on that with Cross Keys Homes. Thank you, Cross Keys Homes. This is entrance into our flats. But yeah, if you'd like to know what main factors are causing the crash, what the opportunities are from this, if you could get into property— I became a millionaire in the last crash— if you'd like to learn this, just type yes in the comments. I'm actually running a one-off Zoom in about 48 hours. So we have a 10-year lease here. We've let this out for a 10-year lease. We developed this from a really ugly, dilapidated building. Poundland had it, and I think that's about how much money they'd spent on it. And now you can see we've got 1, 2, 3, 4, 5 stories. 10-year lease on the ground floor, 40 ish units, cluster flats, mini apartments. It's a bit of a mix of accommodation in there. And this is actually known as the Gateway Building in our city because this and the building opposite it are the ones that you walk towards when you come into the, the town center. So people say, oh, landlords are greedy and evil, they're just all about profit. Well, actually, we've done our city a big favor here and made this part look a lot nicer than that. And look at this one. I'd love to buy this one, just need to get it at the right price. But look how ugly that is. Look at it empty. The mini vine empty, this unit empty, all these floors empty. Look at how far it goes back. It's all empty. And old and dilapidated. It's like a zombie town. This is Saturday, should be 4 times the people here. So this is the reality of what's going on. I'm showing you. So type yes if you'd like to learn how to cash in on the crash and be an investor. Like I said, I became a millionaire in the last crash. That was 16 years ago, the last crash. And, you know, people say cycles are 15 to 17 years, so you could say cycle— the cycle is naturally coming. So I'll tell you what I'll do, actually, I'll give you the link. Um, so the link is tiny.cc/housecrash. That's tiny.cc/housecrash. Crash. If you'd like to jump on a one-off Zoom training with me and one of my guest experts who's a multimillionaire property investor in less than 48 hours, so be quick, no recordings, no replays. You can see on that page, by the way, tiny.cc/housecrash, you can see the 5 or 6 main areas of the property market and investing and if there is an opportunity and what we think is going to happen in the market. Whether you want to buy your first house to own and you want to buy it well, or you want to become an investor or a landlord. So has anyone guessed what we paid for this yet? I'm going to show you the back of it. That might get you to change your answer. So, you know, there's properties all around here that I know are on the market. I'm not going to tell you which ones we're putting offers in on, But Mark and I are looking to buy some of these. Many of these were empty for a long time and have only just been let out. We actually sold 4 feet— that ground floor, so B&M here, you can see B&M Home Store. We sold this. You can see it goes back quite far. Can you see? So we sold that for £3.6 million. £6 million. Yeah, so I'm going to take you around the back now, so stay with me. By the way, give me a yes in the comments if this kind of content you find useful, because people actually often don't know that property investing was my sort of start of being an entrepreneur and a businessman, and it's how I became a millionaire, what, nearly 15 years ago now, deca-millionaire. 10 years ago. I stopped counting after that. That was a long time ago. So we own this, which is part— it's the back end of B&M. So there's 100 apartments in this block. You can see we extended up, it goes up 5 stories. You can see it goes all the way down. It's an entire block, 100 apartments, uh, 120,000 square foot give or take. My business partner will know the exact numbers because he's the sort of main manager and genius brains behind the operation. So how much do you reckon I paid for— well, how much do you reckon this big lump is worth? 100 apartments. Let me see if I can— I've got to be careful here because I'll end up getting myself knocked over. So you can see there, it goes all the way down. 100 apartments. So what have we got? I might give a, um, might give a silver coin if anyone can get it right. So by the way, this generates a 7-figure rental income, 7 figures in rent for us, and the margin on that is very high compared to most other properties I've seen. So you can see there's a lot of— look at all this ugliness, this deadness. This emptiness, this dilapidatedness, and there's great opportunities. Look, I wouldn't start on a 100-apartment block. It's probably a bit of a big risk to you. Don't forget, we've been doing this nearly 2 decades. But there's another couple I own down here. I'll just take you around these before we finish. So yeah, if you, if you want to know the 6 main elements, like what the banks are doing and the soaring interest rates, and all the people coming off their fixed rates to their variable rates and needing two incomes, not one income, the cost of living crisis, all these factors which I think are going to cause the next crash and the next opportunity. If you'd like to learn all of this in a one-off Zoom that I'm running with a business partner of mine, you can go to tiny.cc/housecrash. I actually shared the link. tiny.cc/housecrash /housecrash. So I own this one. We paid under 400, spent not much over 600, and that's worth 3 times that plus a bit. That's 40-ish units. We bought this one a bit later. That's 23 or 24 units, I think. 20-odd units. All the numbers are rough estimates based on what my business partner last told me. By the way, you'd think with us owning 215 rental units, 215 tenants we have just in this tiny little area, it might be quite hard to rent them. It's not hard at all. I also own one of the UK, one of the city's largest lettings companies, Progressive Lets there with my business partners, Wayne and Mark. We have, I think, 1,350 tenants, something like that. Okay, so you can see it goes back quite a long way. I'm going to take you around this building here that I own, but it looks better from the front. So yeah, right now you've got a dropping in price but high rents. So the best way to make cash flow is to buy something relatively cheap, by the way, We were looking at buying this, but just got to get it for the right money. It's always about getting it for the right money at the right time. So in an ideal investing environment, you've got soft prices and strong rents. So rents are your gross income, and the lower the price, the lower the mortgage, the higher the margin. And right now we have got dropping prices and rents are really strong. So yeah, this is another one that I own. I think I showed you this, but if you've just tuned in, so hopefully we can develop above, but we'll have to talk to the council. And we believe we've bought it well. We believe probably, I would say maybe, um, maybe we'll uplift that by a third of its value. So, you know, essentially we paid a third less than what we're able to make it worth. So give me a yes in the comments if you're interested in starting in property, whether it's just for your pension or retirement, or whether you might like to actually be a more full-time investor. Type yes in the comments because now's the time. It's never too late to start, it's always too late to wait. There's opportunities everywhere, stuff boarded up Although that was for a different reason. Empty properties everywhere. So I'm running a special Zoom where I'll teach you with— well, I'm going to bring in a special guest expert who actually was £140,000 in debt, and he's an expert in doing property investing with other people's money and none of your own money down. So Actually, if you go to the link, you can see what we're going to cover in a bit more detail. I haven't got it in front of me, obviously, because I'm walking around. There's another one, another empty unit. So the link is tiny.cc/housecrash. I'm going to show you another empty unit. tiny.cc/housecrash. By the way, this is a one-off Zoom. There's just quite a lot going on in the background in the world that I think is going to force the prices down. I've seen nearly 20% in my area since last November. Now there's another empty one. Inquiries. That could be really nice. Look, another empty property. Um, but yeah, we've seen nearly 20% drop in our area. And people who say to me, 'Oh, but Rob, it's not dropping in my area,' that's just because they haven't seen the sold prices yet and they're just looking at asking prices. But in a dropping market, sold prices are always much lower than asking prices. And of course, a few years ago that was the opposite, things went over asking. Not anymore. If you're just tuning in as well, I'm going live on these glasses so you can maybe just see there. So if you go to tiny.cc/housecrash, you can get more information, education, inspiration. You can see another one empty there. Look, Crown Bespoke Jewellers. Oh, town's getting busy. This used to be booming. There's like a quarter of the people here now. So yeah, I'll see you at tiny.cc/housecrash. And let's see if you can see opportunity in the crashing market.