ASK300: Is it silly to get a buy-to-let while still living with my parents? PLUS: Should I invest in property or a private pension?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 31 August 2021
⏱️ 6 minutes
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| 0:00.0 | Hello everyone, welcome back happy Tuesday to you if you're listening on the day downloads |
| 0:12.2 | and well done if you are for your hard luck and well done to these lovely people who've |
| 0:15.4 | got some questions in. But before we get to them, let's give you a quick reminder of how |
| 0:19.3 | you can get your question into us and hopefully answered on the show. |
| 0:22.1 | Yeah, well done to you as well if you have this number saved or memorized but if not I'll |
| 0:25.6 | read it out for you. It's 0138083035 or you can go to property hub dot net slash ask and |
| 0:32.1 | leave us a voicemail there. Dead easy, only takes a few seconds and you get your question |
| 0:36.4 | answered. What more do you want? Well that was good enough for Reese. So let's have a listen |
| 0:40.0 | to this question. Hello Robin Robb, it's Reese from Plymouth. Thanks so much for the content |
| 0:45.8 | you guys provide. It's really helped me gain the confidence to start investing in property. |
| 0:50.7 | My question is actually about getting started. I'm working but I'm still living at home |
| 0:55.1 | with my parents. Would it be silly to start buying rental property while I'm at living |
| 0:59.4 | at home? I'll be really interested to hear your thoughts. Thanks Reese. If you are in that |
| 1:04.8 | position and look at you, why not is the response? If you can invest in property while living |
| 1:11.9 | at home and therefore I mention your expenses are very low, then it puts you in a great |
| 1:17.5 | position. If you've got no intention to move out right now, whether that be buying or renting |
| 1:22.1 | and your parents are still quite happy to have you, but you've got the funds to invest them, |
| 1:26.4 | crack on. Now that's the good news. Something to make you aware of is not bad news but just |
| 1:30.9 | an awareness point is your first mortgage is definitely going to be more challenging because |
| 1:36.0 | you'll be a first time buyer, a first time investor and when you go for a mortgage, there's |
| 1:41.8 | lots of different things that will kind of strike out different lenders. So sometimes at your age, |
| 1:47.4 | if you're more mature, or without you are, sometimes it's the value of the property there's |
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