Meet the king of buy-to-let – a former maths teacher
October 28, 2009 at 9:38 AM Zoopla 1 comment
This video is currently doing the rounds and was first brought to our attention via The Rat and Mouse; London’s property blog and was first posted on the Renegade Economist blog.
It’s an unintentionally comedic interview with Fergus Wilson – the straight talking king of buy-to-let. There is a queen, but we don’t know where Judith was on this day but the interviewer certainly has his hands full with the straight-talking Fergus.
Here’s a little introduction – back in the 1990′s Fergus and Judith were busy taking maths lessons and writing school reports in Blackheath. They bought a couple of properties and realised that, helped by falling interest rates and banks very willing to lend, the rent more than covered the mortgage. As a result, over the last 10 years he and his wife have built up a buy-to-let portfolio of over 900 homes – all houses – worth an estimated £180m.
We now believe, according to the The Sunday Times, that the Wilsons are looking to sell the portfolio – maybe they’ve fallen foul of the market like other buy-to-let investors recently?
Here are some of his top insights and learnings…
1. “Flats are a lie…where poor people live”
2. “The smaller the house, the greater the increase in value”
3. “A property investor relies on the property going up in value”
4. “February 2010 house prices will go upwards”
We’d like to state that these are his views and not ours! Let us know what you think below.
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Nick | October 28, 2009 at 10:41 AM
Fergus made sweeping generalisations, safe observations, and was quite boring – but I LOVED the interviewer, and his facial expressions and reactions. Great entertainment!