ASK204: Will these areas benefit from the ripple effect? PLUS: How much should I keep aside for a rainy day?

The Property Podcast

Rob Bence & Rob Dix

News, Investing, Education, Business, Business News

4.8 • 2K Ratings

🗓️ 17 September 2019

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week we’re talking about the ripple effect and also seeing if there’s a certain amount of cash you should be putting to one side for a rainy day. Kicking us off on Ask Rob & Rob this week is Kevin. He’s listened to the podcast for over a year now and is interested in investing in the north. He’s obviously heard us bang on about our top city locations such and Manchester and Leeds, but he’s curious about the surrounding areas. He’s particularly interested in Barnsley and Chesterfield. He’s done some searching and thinks that both locations have all the right fundamentals - but will they benefit from the ripple effect of Sheffield and Leeds? Listen as Rob B gives his two pennies and lets Kevin know what he thinks about the potential investment options a bit further up north. The next question is from Graham who has a question about backup funds. He started his buy-to-let journey two years ago and currently has three properties, with the aim of buying another two in the next six months. So Graham is wondering if there’s a general rule of thumb for putting a certain amount of money aside in the event of an emergency? He’s also wondering if this should change in-line with the more properties you purchase. Is there a specific formula Graham should be considering? Listen as Rob D offers his advice on what Graham could do to save for the inevitable. And don’t forget to tune in next week for another two questions on Ask Rob & Rob. 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 Rob and Rob.
0:07.0	So if you're expecting two people to ask questions and then us to give them answers,
0:12.0	then you're in the right place.
0:13.0	We've got a couple of excellent questions this week so we'll hear those in just a
0:16.9	sec after a reminder of how to get your own question in.
0:19.5	So it remains simple you can call in on 013, 808,000.35 or you can get in touch via our website
0:28.0	and of course you can do this on a desktop or a mobile and that is Property Hub.
0:31.7	dot net forward slash.net and Kevin has followed that process to a tee and asked us a great question.
0:38.0	Hello Robin Rob, my name's Kevin.
0:41.0	I've been listening to your podcast for about a year now. I'm very interested
0:46.3	investing up in the north of England. You mention areas like Leeds and Sheffield and
0:51.4	Nottingham and the like. But I'm wondering about secondary areas such
0:55.8	as Barnsley for example or Chesterfield, they seem to have good fundamentals, links,
1:03.0	employment prospects and the like.
1:06.0	I was just wondering whether they were influenced by the ripple effect
1:10.0	from Sheffin and Leeds.
1:11.0	Thanks for all your help, and I look forward to hearing back from you.
1:14.0	Kevin, somebody options.
1:16.0	I feel your pain.
1:17.0	It should be easy because we've talked about the North and the great opportunities it brings,
1:22.0	but then the North's a pretty big place. I think
1:25.0	where you pick will be down to you as an investor. I think one of the mistakes
	...

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