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The Property Podcast

ASK276: I've got £2.5m to spend! PLUS: Which areas have the most rent arrears?

The Property Podcast

Rob Bence & Rob Dix

Business, Education, News, Business News, Investing

4.82K Ratings

🗓️ 16 March 2021

⏱️ 8 minutes

🧾️ Download transcript

Summary

Welcome back to another week and another episode of Ask Rob & Rob. The guys are here to splash the case and dish out some advice.  First up this week we’ve got Andrew and he’s got £2.5m to spend! Throughout the pandemic he’s been running a business that’s been racking up cash reserves and he needs to do something with it.  He thinks property seems the best way to get a return on his money and with financing, could have around £10 million to invest!  That’s crazy money!  However he seems to think that with funds of that size, buying a two bedroom apartment up north isn’t really going to be the best use of his time and money.  So he wants to know how Rob & Rob would invest that amount of money into property.  Our second caller this week is Ed from Southampton.  He’s wanting to invest further afield from home and naturally doesn’t want to invest in the wrong location.  So, he’s asking The Robs which areas in the UK have the biggest void periods and rent arrears so he can avoid looking into these areas.  Do Rob & Rob hold the answers to Ed’s question? 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.

0:03.6

And I'm Rob.

0:04.6

And this is AskRobinRobin.

0:08.6

Hello everyone and welcome to AskRobinRob, the show where you give us your questions and

0:14.1

we give you some answers.

0:16.2

And this show has been running for a long time now because you've had lots of questions.

0:19.7

And that's probably because we try to be helpful and answer as many as possible, but also

0:24.0

we make it an easy process for you to get involved.

0:26.2

Yeah, but if you have a phone or a internet connected device of any kind, you can get your

0:30.6

question into us.

0:31.6

0138083035 is the number, or you can head on over to propzihub.net slash ask and leave us

0:39.0

a little voice message.

0:40.0

We love getting your questions in, especially when they give us some money to spend, like

0:43.5

this one from Andrew.

0:44.5

Hey, RobinRob, it's Andrew here from the same list to share.

0:48.4

I hope you're both well.

0:49.4

I've got a question for you, maybe quite relevant to you in your situation as well.

0:52.6

But let's say you're busy running your own business, but you've got going cash reserves

0:56.4

that you need to do something with.

0:58.4

And let's say, for example, the cash reserves are two and a half million.

1:01.1

It doesn't make sense to have that money sent and doing nothing, so you need to invest

1:05.9

it.

...

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