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The Property Podcast

ASK255: I’m 20 – am I too young to invest in property? PLUS: Should I rent to a tenant with 5 dogs?

The Property Podcast

Rob Bence & Rob Dix

Education, News, Business News, Investing, Business

4.82K Ratings

🗓️ 29 September 2020

⏱️ 8 minutes

🧾️ Download transcript

Summary

Rob & Rob are back again to answer two more property questions from our lovely Hubber community. To kick-start this week we’ve got Dami. She’s a 20-year old student living in Aberdeen and due to graduate this year. She’s hoping to move out of home a year after she graduates and during this year she’s aiming to save around £15,000 - £20,000. This will be the first time she’s left home and is wondering if she should use that money to buy her own place or invest it in something else.  Dami doesn’t want to rush into anything and wants to make the right choice for her situation. But she’s also wondering if she should wait a few years until she’s a little bit older.  Is age really a factor when it comes to buying property? Next we’ve got Luke from South Wales who’s got a question about pets.  He’s about to acquire his second rental property and has already had an interested tenant reach out to him.  She currently lives next door to the property with her parents but has told Luke that she has four dogs at the moment and is about to gain a fifth.  Normally Luke doesn’t allow pets in his properties. However this potential tenant seems like they could be a long term tenant and has even said they’d be happy to pay more rent because of the dogs.  So, what do Rob & Rob think Luke should do?  Tune in 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

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.

0:07.0

Welcome to Ask Rob and Rob, where we are champing at the bit to answer more of your property questions.

0:14.0

Dammy and Luke have done the honours this week and you can join them by asking a question of your own.

0:19.1

You certainly can.

0:20.3

It's really easy to get involved.

0:21.6

You can call us up and leave us a voicemail on 013-008,000-35,

0:27.0

or you can go via our lovely sparkly website, Property Hub.net.

0:32.0

forward slash Ask. Again, you can leave us a voice message there, super simple to do.

0:36.8

And it is simple because we've done hundreds of these episodes now and this week we've got two

0:41.1

more great questions in. The first of which is from

0:43.9

Dami. Hey Robin Rob I just want to say a big thank you for the opportunity to ask a

0:49.0

question firstly and also for being so consistent and putting up content that really really does

0:54.2

help a lot of people I would say. I'm Dammy I'm 20 I'm a student currently and I live

0:59.7

in Aberdeen funny enough but I was wondering I'm graduating this year currently but I live at home

1:05.9

actually and I was hoping to move out a year after I graduate because I have a training year which I work

1:11.9

and I want to use that year to save as much as I can.

1:15.0

Right now I'm looking at between about 15 to 20k I feel like if I'm disciplined with that I can save that much

1:22.0

but I was just wondering because I want to

1:23.7

move out I've never moved out before if I should put that into a property if I should

1:28.0

not as a deposit or if I should invest in something else because right now I'm

1:32.1

trying to decide what to do

1:33.8

without much money if I save it initially it was a property but I wasn't sure if it was

...

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