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The Property Podcast

ASK185: How should I invest £200k? PLUS: What are your thoughts on mentoring?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 7 May 2019

⏱️ 9 minutes

🧾️ Download transcript

Summary

This week the dynamic duo are back together after Rob B left Rob D to fly solo last week. On this week’s Ask Rob & Rob, we’ve got two listeners who are asking The Robs their advice on how best to invest their lump sum of cash and what they think about mentors. First up we’ve got Tom. Tom has joined his family business and they have £200,000 sat in their current account and he’s wanting to know how best to invest the money. He wants to find out where he should invest, how much he should invest in each property and how many properties he should stretch his money across. Rob B confesses that Tom shouldn’t be looking at investments right now. A bizarre move considering that’s what the Property Hub is about, but he has a pretty good reason for it. Hit the play button to find out why Rob B is advising this. Next we’ve got Danny who is wanting to know what Rob & Rob think about mentoring. How much should it cost, what should it include and what are the key aspects to look out for? Rob D advises there are two types of mentoring to look out for. One being somebody who has followed a specific strategy and succeeded, the other is the kind of mentor that you want to just check things along the way. The Robs aren’t the biggest fans of mentors who charge extortionate prices, because why would you want to pay for something you can get for free right here at the Property Hub? But nevertheless, Rob D explains what to look out for when choosing a mentor. Take a listen and let us know what you think. 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. And I'm Rob. And this is Ask Rob and Rob.

0:05.8

Welcome back to another episode of Ask Rob and Rob. The show where you ask questions and we give you answers.

0:15.2

Today, no surprises in store.

0:17.2

We're going to be doing exactly the same as we always do and leaving you walking away

0:20.7

in about five to ten minutes time that little bit wiser when it comes to

0:24.3

property.

0:25.3

Got questions in today from Tom and Danny. We'll hear those just after a quick recap of how

0:29.5

you can get your own question into us.

0:31.2

You have two options to get involved. First of all you can call in on 013. your own

0:34.0

on three,

0:35.0

1-3 808 triple-O-35, that's 01-8-O-3-3-8-O-35

0:40.0

or you can go via our website on your mobile or on your desktop. The choice is yours via

0:46.2

Property Hub.net.

0:49.2

That's exactly what Tom has done.

0:50.8

Hey Robin Robert, it's Tom from Edinburgh and I've got a quick question for you.

0:56.0

I'm joining the family of business and we have 200 grand sat in a current account and we're looking for investments and things to do with it. I'm just wondering if you

1:07.0

are in this position what properties would you invest in, how many, whereabouts and if you've got any advice I'd be much appreciated thanks

1:16.0

fine Tom this is an easy one send it over to me and I look no I'm joking

1:20.4

Tom you're in a fantastic position but that fantastic position can

1:24.9

paralyze some people because you've got this sum of money and you don't want to

1:29.8

mess things up. So I'm really pleased that you've got in touch with the show so we can

1:34.1

start to craft your thinking so you can make good decisions. Now the worst thing you

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