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The Property Podcast

ASK208: Can you invest in too many places? PLUS: How much do I need to spend on furniture?

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 15 October 2019

⏱️ 6 minutes

🧾️ Download transcript

Summary

The Robs are back again this week for another round of Ask Rob & Rob, and this week they’ve got two cracking questions that they’re about to answer.  Our first caller is a very enthusiastic property investor who unfortunately didn’t leave her name.  She’s fortunate enough to have three property investments in three different locations, which at the moment is working pretty well for her and she’s happy enough being a remote investor.  However, she’s wondering if there’s such a thing as investing in too many cities?  So what do Rob & Rob think of this? Are there both pros and cons to investing in a number of locations?  Next to get in touch is Lindsey who’s just completed on an apartment in Manchester.  Her letting agent has told her that she should let out this apartment on a fully furnished basis.  So what Lindsey is wanting to know is, should she be spending a lot more money on brand new furniture or would second hand be okay? Also, she’s questioning if the furniture will need safety checks before she can move any tenants in? Rob D offers some different options for Lindsey, depending on what her budget is.  Tune in to hear the answers to this week’s two questions.    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

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob.

0:03.3

And I'm Rob.

0:04.1

And this is Ask Rob and Rob.

0:05.7

Hello everyone and welcome to Ask Rob and Rob.

0:10.9

The show where you get your property questions in and we get excited and give

0:15.5

you some property answers back. The format works wonderfully well and this week we've got some great questions

0:20.6

lined up, but before we get into it, let's remind you how you can be the

0:24.5

start of the show yes here is what you do you give us a call on oh 1.3808

0:29.4

00035.

0:34.0

Or if you prefer, you can go to Property Hub.

0:36.0

dot net slash ask.

0:38.0

Both of those methods are a sure-fire way to following in the fine footsteps of our first questioner today. So let's have a listen.

0:44.3

Hey Rob and Rob, love the podcast, love all the content that you give me every week.

0:50.1

I found it really valuable and it's actually really helped me a lot.

0:53.4

So I'm in a position lucky enough to have properties now across my portfolio in three different cities

1:00.0

and I'm really comfortable with that I'm really happy being a remote investor but my question is is it possible to invest in too many cities

1:07.7

Just wondering if you had any thoughts of advice on that. I would really appreciate it. Thank you. Bye

1:14.3

This is a great question and well done some great cities you've chosen there I think you'll do very well.

1:18.8

There probably is a point when you can invest in too many towns and cities.

1:24.0

There's going to be that point when you're going into your 20th place and suddenly you're

1:28.1

now in Vaness and so it's got a bit too much because the systems that you need in place will be slightly different

1:34.5

for every town and city. However, there are benefits to spreading your portfolio. Different areas

...

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