ASK196: Should I sell now or wait for the boom? PLUS: Could new tax bands change my strategy?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 23 July 2019
⏱️ 8 minutes
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| 0:00.0 | Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob. |
| 0:05.6 | Welcome to Ask Rob and Rob, where every Tuesday we eliminate a little bit of uncertainty |
| 0:12.4 | from the world and share property |
| 0:14.3 | knowledge prompted by two wonderful questions from wonderful listeners just |
| 0:18.1 | like you. Today's questions are coming up in just a sec but how do you join these |
| 0:22.4 | fine people and ask your own question? |
| 0:24.3 | So yes, it's very simple to get involved. |
| 0:27.5 | You can call in on 013, 808,000.35, or you can go to Property Hub.net |
| 0:33.4 | forward slash ask. |
| 0:35.0 | That's exactly what Lee has done. |
| 0:37.0 | Hi Rob and Rob, my name is Lee. I'm from London. |
| 0:41.0 | I have a bit of a dilemma. |
| 0:42.0 | The strategy that we are using is |
| 0:44.2 | quite clear. We are looking to increase the cash flow so that we become |
| 0:49.2 | financially free. We're probably 60% through, but I think potentially this option that we're going to choose may allow that to happen a lot faster. |
| 1:00.0 | So we have a property, a three bedroom flat in South London in Croydon which is constantly growing |
| 1:07.4 | The property prices grew 50% since 2010 when we bought it so it's gone from say 250 to about 385 I would say |
| 1:16.7 | we've probably got about 120,000 in the property because we have leveraged of it previously. |
| 1:24.0 | I think if we were to pull the money out now and sell it, we could probably buy two more |
| 1:29.2 | properties, more than double our income however do we wait for a boom and |
| 1:37.0 | tell it a higher price or do we sell it now and buy properties that maybe we also look in places like |
| 1:45.2 | Birmingham and Manchester where we've got property already do we invest in |
... |
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