ASK195: How can I cut down the amount of time I have to save up for? PLUS: Is there a limit to how many mortgages you can have?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 16 July 2019
⏱️ 7 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. |
| 0:06.0 | Hello everyone and welcome to Ask Rob and Rob. We love it because you get involved. You give us your questions, |
| 0:14.8 | we give you some answers and we all go away feeling better for the experience. But let's keep |
| 0:19.7 | the show on the road. You need to keep those questions coming in. So Rob, how can they do it? |
| 0:23.2 | Dead easy, just give us a call. Oh, 1,3808,00035. That's 1,8, 808,00035. |
| 0:30.0 | Leave us a message there. Or leave us a message by going to Property Hub. |
| 0:34.4 | net slash ask and using the wonders of modern technology. |
| 0:37.4 | Either way make sure you get your question in just like Ian. |
| 0:40.6 | I'm Robin Rob. First of all massive thanks to both of you. Ian. a year now and I feel like I've led so much. By clow to the silver lining of course is that although I feel like I have the education |
| 0:56.7 | to get started from property investing, it's my financial situation that's held me back. |
| 1:01.5 | My goal is to be able to replace my income for property through buying and refurbishing below market properties and renting needs to create a positive cash flow. |
| 1:09.0 | My current income and living expenses, I can afford to save around about 1000 pounds pounds a month which I know is a lot of money to some people |
| 1:15.7 | this will still get me at least two years away from starting my investment journey. |
| 1:20.0 | So my question really comes in two parts. |
| 1:22.4 | First what type of strategy would you recommend for someone with such a low level of |
| 1:26.8 | capital starting off? |
| 1:28.0 | And second, are there any ways of raising finance beyond the traditional mortgage lenders that would lend to 75% |
| 1:34.8 | learn to value that they would consider to our first-time investor. |
| 1:38.0 | I'm conscious of avoiding get-rich quick schemes. |
| 1:41.0 | Any help you be able to offer will be greatly appreciated. Keep up with the |
| 1:44.4 | podcast. Ian. Great question because there's going to be so many people in a similar situation |
| 1:50.1 | to you. And it's frustrating, right? You know, two years away. you can almost see it taste it feel it you know you're going to be a property investor but two years feels like the longest time right now |
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