ASK203: How would you spend £500k in the North? PLUS: Should I pursue a serviced accommodation strategy in Manchester?

The Property Podcast

Rob Bence & Rob Dix

News, Investing, Education, Business, Business News

4.8 • 2K Ratings

🗓️ 10 September 2019

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week we’re back to normality and The Robs are answering two fantastic questions that have come in from our Hubbers. First up, we’ve got another Rob. He lives in Dubai and he’s got a whopping £500,000 to invest! He’s looking to invest his cash in the North of England and his strategy is to generate an income. Obviously being in Dubai, viewing properties is a little tricky for Rob, so he has no idea what kind of property he should be investing in or where he should ideally be looking to generate that income. Essentially, he’s asking Rob & Rob, if they had £500,000 to invest in the North of England, where and what would they buy? So how would The Robs invest half a million pounds? Tune in to find out. Next we have Amy from Hastings. She and her partner are looking to invest and are in the process of releasing some equity from their residential property. To begin with they’re looking at buy-to-let properties in either Manchester or Leeds, but just off the bat, she wants to know Rob & Rob’s thoughts on Airbnb or serviced accommodation in general. She’s not run the numbers on it yet and before she wastes her time doing so, she’s wanting to know if it’s a good strategy to go with? Would Rob & Rob approve of a serviced accommodation strategy? Hit the play button to find out. 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 on 013 808 00035 and leaving a message with 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 Forum yet? 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

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0:00.0	Hi, I'm Rob. And I'm Rob. And this is Ask Rub and Rob.
0:08.3	Hello everybody, welcome to Ask Rob and Rob, the show where you deliver your questions and we deliver our answers and that
0:14.7	concept has been a popular one because we're over 200 episodes in.
0:19.1	But luckily your questions keep coming and there are so many of them that this show has no sign of slowing down
0:25.2	But Rob that's because we probably make it so easy for people to get involved. Yes, we do all you have to do is give us a call
0:32.0	Oh one three eight-o-eight-o-35 Yes we do. All you have to do is give us a call. Oh 13 808 triple 035.
0:34.8	Oh 1.3 808 triple 035.
0:37.8	Or you can go to our website at property hub dot net slash ask.
0:41.8	Either way you'll just leave your voicemail there, wait patiently and then you'll get an answer, just like Rob is right now.
0:49.0	Hi Rob and Rob, my name is Rob as well I live in Dubai. I've got half a million quid to invest in property in the north of England with a sole view on generating income and I was wondering if you guys could advise assist along the way.
1:07.0	Being in Dubai is not so easy because of distance and a number of other things naturally,
1:12.0	but I love what you guys do and I think I could
1:15.9	certainly use a bit of a sphere on what you would perhaps do half a million
1:19.3	quid if you'd be so kind as to perhaps the project, maybe you can make it a broader one,
1:24.0	you know, if someone's a half a million pounds, what would they do with the money, what would you do without money?
1:28.1	We're to focus on the north.
1:29.7	Cheers guys, bye.
1:30.7	Well, Rob, of course we had to prioritise you with such a masterful and impressive name like that and you are definitely
1:37.5	Giving us one of these questions that I'll file under the nice problems to have your son in it up in Dubai and you've got half a million to invest.
1:45.2	We feel for you, Rob. We feel for you. Okay, but let's make life even better for you and try and give you some good advice. So you want to focus on income, you've not said specifically how much you need to invest.
1:59.0	Okay, let's assume that you kind of want to get towards a 10% level so you get to about 50k a year.
2:06.4	Now on paper the simplest way of doing this would probably to go down the HMO route, get some
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