This week Rob B is taking a look at his first and slightly unexpected property investment of the year.
But first, we start with a quick rundown of the latest property news, which is a report on the private rental sector done by university academics. Whilst many results were what we would have expected, there were some interesting findings, particularly around the arguments property investors and landlords have been making for quite some time.
Were they in favour of banning Section 21? And what do they think should be standardised across the property industry?
Click here to read the report.
Now, this week’s main event is a special one as Rob B shares a personal journey and takes a proper look at his first property investment this year.
In a city that’s the driving force behind the Northern Powerhouse initiative, this is not just any old investment in an ordinary building. You can see this skyscraper from pretty much every point in the city.
Rob B’s move to invest in this deal may surprise some listeners, as you’ll know that property development has been his sole focus so far this year, but listen to what made his head turn in this week’s show.
Was it the location of this property investment or the facilities that changed his mind? Or was it the fact that this is not just going to be the best property development in the city, but in the whole of the UK? At over 200 metres tall, it’s certainly going to be a corker.
He delves into reports of the city’s reported ‘over-development’ and shares his thoughts on whether he’s concerned about the property market or whether now is the right time to be taking stock of these opportunities.
Also, what due diligence did he do for this off-plan investment? How much cash did he put down and what are his expectations on the way this property investment deal will perform in the future?
Hit the play button to listen.
Meetups:
If you’ve not got yourself to one yet, what are you waiting for? There are free events across the country where you can meet like minded property investors and share experiences. There’s no selling, just a friendly group of people all with one interest in common.
Click here to find your closest meetup and book your place.
Hub Extra:
This week the Robs are sharing a top resource:
Work Less, Make More by James Schramko.
Rob D gives us a very quick overview this week on the author’s enviable lifestyle and how he’s built it. If you’d like to see how you could earn more or do less, this is definitely one for your reading list.
And if you haven’t signed up to our mailing list to get Hub Extra - the most valuable email you’ll receive all week, you can do so here.
Get involved: Are you following us on social media? We’re pretty active across all our channels, so if you have any topics you’d like us to cover in future property podcasts, pop us a message on Facebook, Twitter or Instagram. We’d love to hear from you.
You can also get involved with our lovely property community by joining the conversation over in the Property Hub forum. There are new topics started by our Hubbers on a daily basis and a whole wealth of advice shared with both new and experienced property investors. Get yourself over there and introduce yourself.
And if you haven’t done so already, we’d love it if you could head over and leave us a review on Apple Podcasts. Aside from making us smile, your reviews help other podcast listeners find us. We also give each one a shout-out on the property podcast, so yours could be next to feature on an upcoming episode.
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Welcome to this week’s Ask Rob & Rob.
Daniel kicks us off today by asking us about his options for releasing equity on his family home. He’s lucky enough to own it outright and wants to start purchasing buy to let investment properties. He’s contacting mortgage brokers but isn’t sure whether he should be looking at one property in London or a few properties in Manchester.
Luckily Rob & Rob are on-hand to give Daniel some pointers on getting his first investment property wrapped up.
Should Daniel remortgage 95% or 70%? And is it better to walk away with the whole amount or get an offset mortgage and draw down on it as/when required?
Also, what are Daniel’s goals and why should these be determined before considering locations?
If you’re looking at refinancing your home to kick start your property investment journey, this week is a corker for you.
Second up we have Lauren who is frustrated with the solicitors recommended by her lender. Her purchase has nearly fallen through twice and her mortgage offer is due to expire very soon. What can she do when nobody can seem to make contact with them?
The Rob’s have always made their feelings about the conveyancing process crystal clear. Whilst this isn’t an uncommon situation, that doesn’t make it right.
What should Lauren’s first move be? Listen to what Rob & Rob would do to try and push the purchase through. Buying investment property shouldn’t be painful, so it’s important to find a decent mortgage broker and conveyancing solicitor to help move the process on.
Hit the listen button and enjoy Ask Rob & Rob.
Do you have a property related question for Rob & Rob? Whether you’re a first time investor or a seasoned pro, you could feature on our next episode. Simply call 013 808 00035 and leave a message with your name and question (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
The next question on Ask Rob & Rob could be yours.
Do you love property and are keen to connect with likeminded people? Head over and join the conversation over in the Property Hub forum. Our active Hubbers are talking property on a daily basis - from breaking news to sharing hints, tips and some very interesting progress journeys. Pop over an introduce yourself today.
That’s right, Brexit discussions have become the nation's new favourite way to fall out with your friends and family.
It’s not just a hot topic around dinner tables, it’s got the conversation flowing across our Hub members and on our social channels. Let’s take a look at what Brexit has done to the UK property market and what’s going to happen in the event of a deal, no deal, some other deal or another referendum.
But first, we kick this week’s podcast off with some news stories. The main headline was that house prices were likely to fall by 35%. Did Mark Carney actually predict this, or was this the media attempting to stir us into a frenzy? There’s likely to be many property investors interested in this prediction, so it’s important to know where these facts came from and if they’re actually true.
The main topic today is Brexit and its impact on the UK property market. And whilst the Rob’s don’t have a crystal ball, they share their thoughts this week on how Brexit is likely to affect UK property. If you’re a property investor, should you sit it out and hold off buying your next investment property or should you look for the opportunities that Brexit could present? Based on history and some fundamental principles, the Rob’s delve deep this week. So brace yourselves for a great podcast!
This week Rob & Rob attempt to strip away the emotion and focus on the core facts that could lead to Brexit severely impacting the UK property market - or not. Should we be nervous? Should we take stock of the negativity surrounding the market? Or should we be embracing the buying opportunities that this could present to property investors?
Hit the play button to find out.
Hub Extra: Don’t forget Hub Extra which hits your inbox on a Friday if you’re a Hub member. It’s a good one! Make sure you subscribe if you’ve not already. It’s the most valuable email you’ll receive all week.
Get involved: Are you following us on our social channels? Let us know if you have any topics you’d like us to cover. You can find us on Facebook, Twitter or Instagram. We’d love to hear from you.
Also, have you joined our lovely property community yet? Join the conversation over in the Property Hub forum. We’re happy to keep the Brexit chat going over in the community but you’ll also be able to chip in on a number of property related topics to help you on your property investment journey. Our Hubbers are a great bunch of people and very helpful, so get over there and introduce yourself today.
Whilst we’ve got you, we’d love it if you could head over and leave us a review on Apple Podcasts. Reviews help other podcast listeners find us. We also read out every single one of them on air, so head on over and we could be reading yours out on the next episode.
Leave us a review on Apple Podcasts here.
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Pete Matthew from the Meaningful Money Podcast joins Rob & Rob again this week as we delve into some personal finance questions relating to property investment.
Penny from Orpington wants to know how she can use her pension to buy property. It’s a question that crops up many times and this week, Pete shares his wisdom on whether this is possible or not.
Can she invest in residential property or should Penny consider putting her money into commercial property? Also, Pete shares some advice on SIPPs, PAIFs and REITs - and if you don’t know what these are, make sure you tune into this weeks Ask Rob & Rob with Pete to find out more.
Our second question this week comes from Rich in Romford. Rich owns seven properties and has dreams of leaving his job and live comfortably off the rental income from them. He wants to know how much he should be earning for him to quit his job when he’s currently bringing in around £2,000 per month before tax.
As Pete has told us previously, cashflow underpins everything - money in versus money out. There’s some great advice for Rich this week as Pete talks him through short term debt, contingency plans and the importance of having a ‘cushion’ for those unexpected things that crop up. We recommend tuning in to hear more.
And if you’d like to hear more from Pete, you can head on over to his podcast or purchase his book by clicking here. This book contains everything you need to know about personal finance with no confusing fluff - just honest and super-practical advice to help you take control of your money.
Hit the listen button to hear this weeks invaluable advice from Rob & Rob… and Pete.
Do you have a property investment related question for Rob & Rob? You could feature on our next episode. All you need to do is call 013 808 00035 and leave a message with your name and question (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
Have you joined our community of like-minded people discussing all things property? Head over and join the conversation over in the Property Hub forum. Whether you’re new to property investment or have decades of experience under your belt, the forum is loaded with helpful insights on all things property related. Head on over and introduce yourself.
Podcasts, forum, magazine, meetups, free courses, books, multiple businesses, managing a team of 50+ - are Rob & Rob superhuman?!
NO! They’ve mastered the art of productivity and in this week’s property podcast they spill their secrets to maximising time.
Rob & Rob reveal the best techniques on how to organise your week, from to-do lists to calendar events. Why regularly setting and reviewing goals and setting your tasks in relation to achieving your goals, is so important (we have a great free course on goal setting, click here to view!). Plus why you should resist doing tasks you don’t enjoy (yes that’s right!).
Most importantly don’t forget to download our resource of the week, Rob’s Reflection Template to help you effectively evaluate yourself and your week.
Want to know how you can join our thriving property community? Join the conversation over in the Property Hub forum. From property newbies to experienced buy-to-let investors, this is a place where you can connect with others and get some really helpful advice.
Whilst we’ve got you, we’d love it if you could head over and leave us a review on Apple Podcasts. Reviews help other podcast listeners find us. We also read out every single one of them on air, so head on over and we could be reading yours out on the next episode.
Leave us a review on Apple Podcasts here.
Not sure how to leave a review? This video shows you how to review and subscribe on Apple Podcasts.
We have a treat for you today. It’s not just Ask Rob & Rob. It’s Ask Rob & Rob and Pete.
Pete Matthew from the Meaningful Money Podcast joins us today and answers your personal finance questions relating to property investment.
First up we have Lynsey from Brighton who is getting confused with the finances relating to her investment property. Should she use spreadsheets, apps or something else to make the whole process less overwhelming?
Pete is right on the money with the advice he gives. Mastering the art of budgeting, particularly with investment property, can often be a challenge. Hopefully his advice today will send Lynsey on her way to having her property income streamlined and her feeling more in control.
In another property related question, Tim from Cardiff has two investment properties - one in his name and the other he purchased via a limited company. We all know insurance can be a minefield, but what insurance do landlords actually need?
Pete talks us through the three main events: early death, critical illness and being unable to work. With some sound advice from Pete and our very own Rob & Rob, this podcast covers the need-to-know information for both new and experienced property investors. Protection is key.
Hit the listen button to hear this weeks invaluable advice from Rob & Rob… and Pete.
And if you’d like to hear more from Pete, head on over to the Meaningful Money Podcast or go to petesbook.com
If you have your own question about investment property you’d like answering, you just need to call 013 808 00035 and leave a message with your name and question (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
In the meantime, if you’re interested in learning more about investing in buy to let property from like-minded people, join the conversation over in the Property Hub forum. It’s full of people just like you, hungry for more property investment information, so head on over and introduce yourself.
We’re lucky enough to have thousands of members in our property community, so when we wanted to gain some valuable insight on the current state and future of the buy-to-let property investment market, who better to ask than our own Hubbers?
This week’s podcast is packed to the brim with interesting information as we unveil feedback from our community, but first we start with a news story picked up by Rob & Rob. The research looks back over a 50-year period and identifies where you would have made or lost money. It’s an interesting piece of buy-to-let research which gives a helpful insight regardless of where you’re at in your property investment journey.
Listen to find out just when is the right time to avoid investing in property and when to storm ahead with your buy-to-let plans.
Because we’re super helpful too, we’re also letting you know about what other podcast we’ve been listening to this week. If you love business and are interested in some of the world’s greatest business battles, tune in and find out where to go.
Want to know how you can join our thriving property community? Join the conversation over in the Property Hub forum. From property newbies to experienced buy-to-let investors, this is a place where you can connect with others and get some really helpful advice.
Whilst we’ve got you, we’d love it if you could head over and leave us a review on Apple Podcasts. Reviews help other podcast listeners find us. We also read out every single one of them on air, so head on over and we could be reading yours out on the next episode.
Leave us a review on Apple Podcasts here.
Not sure how to leave a review? This video shows you how to review and subscribe on Apple Podcasts.
We have a great few property questions on this week’s ask Rob & Rob.
Karmjit is keen to find out more about rent increases across his buy to let properties. This is his first year as a buy to let investor so naturally he wants to know if there’s an industry standard on annual rental rises.
How do landlords usually handle rental increases? Do they follow RPI or do they increase by a set percentage each year? The answer is in-depth and there are a few options, so make sure you listen to this week’s podcast to find out just how Rob & Rob would handle this situation, or even if they’d look to increase rent at all.
This week’s second question came from John who has a healthy portfolio of 16 buy to let properties. He’s interested in possibly one of the biggest property secrets - how to access off-market investment property outside of the usual routes like Rightmove and Zoopla.
John also wants to know what Rob & Rob think of property courses which attract a sizeable fee. There are many of them around, but can you get this property education for free elsewhere?
Find out this week and get some valuable property investment hints and tips from Rob & Rob.
Do you have a question about investing in buy to let property you’d like answering? Don’t be shy, the process is simple. You just need to call 013 808 00035 and leave a message with your name and question (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
In the meantime, if you’re interested in learning more about investing in buy to let property from like-minded people, join the conversation over in the Property Hub forum. It’s full of people just like you, hungry for more property investment information, so head on over and introduce yourself.