ASK177: Should I be worried about my off-plan purchase? PLUS: Is it crazy to buy a HMO as my first investment?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 12 March 2019

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

On this week’s ask Rob & Rob we’ve got two very good questions that will definitely apply to you no matter where you are in your buy-to-let property investment journey. Our first question comes from Spencer in Bath. Spencer is wanting to know if he should keep his off-plan purchase or get rid of it. Due to the build being severely delayed and his 30% deposit not being protected, a few concerns have been raised. Rob B gives some insight on the potential reasons why a build might be delayed and offers some lessons to be learned for all investors, not just ones in similar situations. He also demonstrates how off-plan property has the potential to be the most profitable type of investment. You can learn more about off-plan property on our course over at Property Hub University. The second question comes from Adam who’s a new investor and has decided that yield is the most important factor to him. He’s wanting to know if a HMO for a first time investment purchase is a good idea. So is a HMO as a first investment a good choice? Or should Adam stick to a single investment option and play it safe, sticking to the normal strategy? Tune in to find out what advice Rob D has to offer... Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on013 808 00035 and leaving a messagewith 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. Have you joined us over on the Property Hub Forumyet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0	Hi, I'm Rob.
0:03.4	And I'm Rob. And this is Ask Rub and Rob.
0:05.6	Hello everyone and welcome to Ask Rob and Rob, the show where you come up with wonderful questions and we do our very best to give you
0:14.7	wonderful answers at least good answers anyway. So with that challenge accepted and your
0:19.3	questions already in we better move on but before do, if you have a wonderful question burning
0:24.8	inside you, you need to get in touch with us because we love answering your questions and
0:29.7	the process to do so is very easy. So easy all you got to do is call
0:33.6	013 80800035 that's 013 80800035 or go to property hub
0:39.9	net slash ask whichever you choose you've just got to leave us a voicemail. We will
0:44.4	then receive your question, we will ponder it and then in due course we will answer it.
0:48.1	And that's what we're about to do right now for Spencer.
0:52.0	Hi Rob and Rob, my name is Spencer and live in Bath.
0:55.0	Before I ask my question, I have to say that your podcast is wonderfully done.
0:59.0	So a big thank you for all your great advice guiding us property investors as we move forward.
1:05.0	My question is regarding some townhouses in Manchester I bought in a complex known as
1:10.7	Oxygen Tower although the development looked beautiful before I invested, I worry that I didn't ensure my 30% of it and it seems to be at least over a year delay in the build.
1:23.2	It would mean the world to me if you could look at this development and see
1:27.3	if you think it's a keeper and what you would do if you were me.
1:30.8	Thanks so much.
1:31.6	Cheers.
1:32.1	Hey Spencer, thank you for your question. if you were me. Thanks so much. Cheers.
1:32.6	Hey Spencer, thank you for your question.
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Rob Bence & Rob Dix, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rob Bence & Rob Dix and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.