meta_pixel
Tapesearch Logo
Log in
The Property Podcast

ASK284: Which of my cash-building strategies is best? PLUS: How can I take money out of my property?

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.82K Ratings

🗓️ 11 May 2021

⏱️ 8 minutes

🧾️ Download transcript

Summary

It’s Tuesday and Rob & Rob are on hand to answer two more property related questions. Kicking things off this week is Mike from Southampton, who’s relocated to Merseyside. Over the past year during lockdown, Mike has been taking advantage of the extra time he’s had and devoured all of Property Hub’s resources. He’s now 100% sure that wants to get into investing in property. He knows that he needs to build up a pot of cash before he can get started and he wants to know what The Robs think he should do. Mike is currently overpaying his mortgage payments, he’s got a savings account which he keeps topped up, and he’s started investing in stocks. So, should he focus on one more than the others or should he keep doing what he’s doing? Our second caller this week is Elisa. Elisa and her boyfriend bought a property in Nottingham a few years ago in cash, and it’s now increased in value over the years. They’re looking to release equity from the house to be able to buy a second property. Now, the most obvious solution is to re-mortgage the property. However, there’s a slight issue. Both Elisa and her boyfriend have low credit scores and will need to find a specialist lender or provider, which could be a bit more expensive. Are there any other options that Rob & Rob could suggest Elisa tries instead in her situation? 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.

0:08.1

Welcome to Ask Rob and Rob, that staple of your Tuesday, where we turn up and answer

0:12.8

two questions from listeners like you, normally relating to property, which is better with

0:17.6

those.

0:18.6

We've got two great listener questions coming up today, we'll get on to those in

0:21.6

just a sec, but first we always like to give you a quick reminder of how to send in your

0:25.2

own question.

0:26.2

Yes, it remains very easy, you can go to propertyhub.net, forward slash Ask and leave us a voicemail

0:32.7

that way or recording, it's very simple, you just do it for your computer.

0:36.6

Or if you're a bit old school and you want to get on the blower and leave a voicemail,

0:41.2

you can do that too.

0:42.2

You can call 013 808 triple O, 3, 5, and leave a voicemail if you mess it up, don't worry

0:49.2

just leave another one.

0:50.2

It's very easy, and Mike has followed that exact process.

0:53.2

Hi Rob and Rob, it's Mike from Stampton Living in Murthyside, obviously, great big thank

1:01.0

you for all the stuff you do with propertyhub, great source of information, so like I've learned

1:08.5

quite a lot over the lockdown period, I'm 100% convinced that I want to get involved

1:14.4

investing in property, so I'm new to the game.

1:19.1

And step one is building a nice pot of money, so what would you do in my position?

1:26.4

I've torn between free directions, I'm paying over payments off of my mortgage because

1:31.4

I'm convinced that when I re-mortgage, I'll probably take some money out of the house

1:36.6

that I've paid off.

...

Please login to see the full transcript.

Disclaimer: The podcast and artwork embedded on this page are from Rob Bence & Rob Dix, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Rob Bence & Rob Dix and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.

Copyright © Tapesearch 2026.