NICKNAMED “God” by his fans, Robbie Fowler scored 183 goals for Liverpool Football Club. But his career as a property magnate may have been even more successful. As he banged in the goals, fans chanted, to the tune of “Yellow Submarine”, “We all live in a Robbie Fowler house.” Mr Fowler has since hung up his boots and is now the face of the Robbie Fowler Property Academy, which offers seminars on how to make it big in the housing business. With what is believed to be a portfolio of over 50 houses, his fortune may run into the tens of millions of pounds.
Plenty of Britons want to emulate Mr Fowler. In the past two decades they have piled into the “buy-to-let” market, acquiring homes in order to rent them out. These days around one in every 30 adult Britons—and one in four members of Parliament—is a landlord. Roughly a third of them are retired, many having turned to the property market as the returns on their savings dwindled. The rent from buy-to-let…Continue reading