ASK191: Does it make sense to sell up before a crash? PLUS: Should I worry about my tenant staying too long?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 18 June 2019
⏱️ 8 minutes
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Summary
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| 0:00.0 | Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob. |
| 0:08.7 | Welcome to another episode of Ask Rob and Rob. You know how this works. You send in questions. We answer them. |
| 0:14.9 | Everyone goes away a bit more knowledgeable and hopefully a little bit more happy as well. |
| 0:19.2 | Today's questions do not disappoint. We've got a couple of corkers, but I'm sure you can match them so here's how you can send in a question of your own. |
| 0:27.0 | Yeah, super simple the number remains the same. It's |
| 0:30.0 | 013 808 triple 035 that's 013 80808.0035 that's 01 |
| 0:33.4 | 808 30035 or you can go to Property Hub |
| 0:37.8 | dot net forward slash ask |
| 0:40.4 | whichever way you do it we don't mind we just want a nice question and you know what Rob we've got two lovely ones today. Let's listen to the first one. |
| 0:48.0 | Hey Rob and Rob, my name is Pete and my question is about the 18 year property cycle. From what I gather... is then what do we do when the crash is imminent? |
| 1:04.0 | For example, I have two properties that I've bought for about 100,000 pounds each |
| 1:10.0 | and if things went amazingly well, just to keep things simple, in seven years time, let's say these |
| 1:15.6 | properties are now worth double, at $200,000 each. |
| 1:19.4 | Do I sell just before the crash and pocket the capital growth or do I keep hold of them and then |
| 1:26.6 | risk losing all that capital growth of being back to square one. |
| 1:30.7 | Obviously for me it's all about the rental income each month but I don't. I want to |
| 1:35.0 | to miss the opportunity to pocket in all that extra capital growth that I will |
| 1:41.2 | have built up. |
| 1:42.2 | So yeah, what did we do? Because I'm worried that if I sell, which |
| 1:45.6 | sounds great and I've got all that money in the bank, paid off for mortgages, I'm worried |
| 1:49.6 | that we may struggle to buy more after the trash happens because banks and lenders are keeping |
| 1:56.5 | hold of their money and then I'm not going to be able to buy any more properties and |
... |
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