ASK243: Should I go for quantity over quality? PLUS: Is renting to councils a good idea?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 7 July 2020
⏱️ 7 minutes
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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 | Welcome to Ask Rob and Rob. It wouldn't be a Tuesday if we weren't here, answering your property questions. |
| 0:13.0 | So that is exactly what we're going to do in a second for Lauren and Tom. |
| 0:16.3 | But first, we have to give you that quick recap of how you send your question in. |
| 0:20.1 | It remains very easy, and that's why we'll keep turning up each week because you lovely people keep giving us your questions |
| 0:26.4 | You can call in and leave us a voicemail via 013 808 triple 035 or you can go to our website property hub. net |
| 0:36.0 | forward slash ask and again just leave us a message and hopefully you'll hear |
| 0:42.0 | yourself on the podcast just like Lauren's about to. |
| 0:45.0 | Hi Robin Rob, my name's Lauren and I'm a 23 year old graduate who's looking to invest in property for the first time. |
| 0:52.0 | I just want to say thank you for all of the |
| 0:53.8 | podcasts they're super informative and I've also I'm currently reading the |
| 0:59.1 | Complete Guide to Property Investment by Rob D which is so instructive and has been amazing so thank you. So as I said |
| 1:06.4 | I'm looking to invest in property for the first time and my aim is to achieve |
| 1:09.6 | capital growth as the market recovers from the current coronavirus hit with the aim that my |
| 1:15.0 | brother and I can afford a deposit for our first houses hopefully in seven years time. |
| 1:19.9 | I have 126,000 pounds and I'm currently looking at Birmingham as I know it has good capital growth for my research. |
| 1:27.0 | My first question is, should I invest in two more expensive properties for this money, say with a 50,000-pound deposit for each, or should I prioritize |
| 1:35.6 | quantity over quality and buy maybe three or four less expensive properties? |
| 1:41.1 | My second question is, should I be looking to spread these purchase across various |
| 1:45.2 | areas other than just Birmingham and if so where would you recommend for capital growth? |
| 1:49.7 | Thanks. |
| 1:50.7 | Lauren thank you for the question. Sounds like you're in a really good position. So what should Thanks. thousand pound deposit for each. And on a podcast without knowing you can only give a very general steer. But I would say if you're investing in capital growth in Birmingham, then probably yes. Because very roughly speaking, a 50,000 pound deposit will get you to a purchase of 200,000 if you're using a 75% mortgage |
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