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The Property Podcast

ASK286: How do you find good deals in a booming market? PLUS: What's the deal with freeports?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 25 May 2021

⏱️ 7 minutes

🧾️ Download transcript

Summary

It’s girl power on Ask Rob & Rob this week.  Our first question comes from Amelia.  Amelia would like some advice on how to find a decent deal in the property boom we’re now in.   Her current strategy is buy, refurbish, refinance (BRR) so she can try and recycle some of her cash.   To be successful with this strategy, Amelia would need to buy below market value, but she’s finding that most properties are selling for the value of them refurbished, so there’s no money in it.   So, Ameila wants to know if there’s a useful way to secure properties off-market by leafleting or sending out postcards.   Next up is Nancy.   She lives in Merseyside and has a question on freeports.   Now that Chancellor Rishi has outlined the areas that’ll benefit from freeports, Nancy wants to know if there’s any tax breaks or benefits for investing in these areas.   So, do Rob & Rob think there are any tax relief benefits to investing in freeport areas?  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

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

0:12.4

in and we get you answers back.

0:15.0

And this has proved a very popular concept.

0:17.1

We've done it for years, and this is the 286th episode we've done, so it clearly works.

0:22.8

So let's make sure we continue that momentum and remind you how you can get involved.

0:27.1

Yeah, we really all quit if we now stop on episode 286, we have no questions.

0:31.0

I don't think there's any danger of that, but just in case, and just in case you've got your own

0:34.2

burning question, then it's really easy to send it away.

0:37.4

You've just got to call 0138083035, that's 0138083035, or you can head to propertyhelp.net slash ask.

0:46.3

Either way, you can just leave us a voice mail with your question and we will get an answer

0:50.2

back to you in good time. That's what we're about to do now for media.

0:54.2

So let's have a listen to her question.

0:56.8

Hi, Rob and Rob, my question is about how to find good deals in a booming market like now.

1:02.0

My strategy is buying refurbing and refinancing to try and recycle some of my money,

1:06.9

but I'm finding that properties that need work are selling for how much they're worst done up

1:11.1

and selling so quick right now.

1:13.4

Can't even get an offer in.

1:15.2

Is it a case of finding properties off market through leafleting and postcards and things like that?

1:20.4

Or buying at the market rate in the hope that I can refine that tire?

1:24.6

Or just wait out till things come down a bit?

1:28.2

I'm finding it quite frustrating as I really want to press on with my investing,

1:31.5

but I'm struggling to find suitable properties.

...

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