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The Property Podcast

ASK239: Should my first purchase be my own home? PLUS: What's wrong with Leicester?

The Property Podcast

Rob Bence & Rob Dix

Education, Business News, Business, News, Investing

4.82K Ratings

🗓️ 9 June 2020

⏱️ 7 minutes

🧾️ Download transcript

Summary

We’ve got two great questions for you on Ask Rob & Rob this week.  Our first caller is a first time buyer. He wants to know whether he should buy his first home to live in or invest in a buy-to-let property. He also wants to know if there would be any ramifications if he purchased a buy-to-let property before his own residential home.  Rob D takes the lead on this one as the answer will purely depend on personal situation. The Robs always tell investors to take the emotion out of property when investing, but is Rob D going against his own advice here? Our second question is from Jess who wants to know what’s wrong with Leicester. She thinks prices don’t do very well here and wants to know why there’s never any growth.  Rob B has a look and finds that Leicester prices are actually up 47% over the last decade - it’s outperformed the likes of Leeds, Liverpool and Birmingham. Yes it’s average performance - but he delves into why in today’s Ask Rob & Rob.  Does this highlight the need for us to understand market performance rather than just analyse house prices? We think so! Have a listen and let us know what you thought of today’s 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

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.

0:05.2

Hello everyone and welcome back to Ask Rob and Rob, the show where you get your questions in

0:11.6

and we get those answers right

0:12.8

to you at least every Tuesday morning anyway we got some great questions in this

0:16.6

week but before we tackle them let's just give you a quick reminder of how you can get

0:20.8

involved with the show yeah just give us a call on 013, 808,00035,

0:24.8

that's 013, 808,00035.

0:27.7

Or you can go to Property Hub.net.

0:29.7

Ask on your computer.

0:31.9

Either way, you'll have the option to leave us a voicemail.

0:34.4

So all you've got to do is read out your question and ideally leave us your name,

0:38.4

unlike our first questioner today.

0:40.0

Hi Rob and Rob, I'm just looking for a bit of advice I'm a first time buyer and I'm looking to either buy my first property or make my first property a buy to let I'm just wondering which would be the best way to go to either buy a property to let

0:56.3

before buying my own property and if so what sort of ramifications will I have when I come to buy my own property afterwards.

1:05.0

Thanks.

1:06.0

Thank you for the question and it is a very common one.

1:09.0

It's the kind of question that comes up a lot.

1:10.0

So you're not the only person wrestling with this issue.

1:12.0

A lot of it of course will depend on your personal situation.

1:15.9

So this is where I don't think you can or should strip emotion or practicalities

1:21.0

completely out of the equation.

1:23.2

So if having the emotional and real stability

...

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