ASK309: How much equity should I withdraw from my home? PLUS: Is this bungalow a good investment?

The Property Podcast

Rob Bence & Rob Dix

Business News, News, Business, Education, Investing

4.8 • 2K Ratings

🗓️ 2 November 2021

⏱️ 6 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rob & Rob are back with more listener questions! Our first question is from Derek. Derek is a builder who currently buys properties and fixes them up while living in them. He’s built up some equity in his current property and is planning on using this to help him buy a couple of buy-to-lets. His question is what percentage of this equity should he release? Next up, we’ve got a question from Joe in London. Joe is considering buying a bungalow that already has a tenant in-situ and a really good yield of 8.4%. But he’s concerned about this niche market and how this is going to affect the capital growth potential. Tune in to find out what the guys have got to say. 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

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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, it's that time again, we've got more questions and more
0:13.1	answers coming up.
0:14.1	We've got a couple of really interesting ones this week, so we're not going to leave you
0:17.3	waiting long till you can hear those, but it is worth, first of all, giving you a quick
0:20.6	reminder of how to send in your own wonderful question.
0:23.2	Yes, you can go to our lovely Shiny website, property hub.net, forward slash, ask, and
0:29.9	leave a message there.
0:31.8	All you can call this very special number, which will then mean that the in the office
0:37.1	a big red phone will light up, and no one will answer, and it'll get sent to a voicemail.
0:42.1	But that's all you need to do, you call 0 and 3, 808, triple 035, and you will get to
0:48.3	that very special voicemail.
0:50.5	First up, we have Derek.
0:51.9	Hello, I'm Rob, my name's Derek, thanks for the content as always, it's always really
0:56.4	good to be keeping up with all the stuff you're talking about, and it definitely inspired
1:00.4	me to invest in property more, so then I had thoughts about doing before.
1:04.8	My question is, I'm a builder, and I've always bought properties, done them up, live
1:08.8	well for living them, then sell them on, and I start to build up some equity within my
1:12.6	existing property.
1:13.6	So now I'm looking to get my first buy to let, and the plan would be to release the equity
1:18.4	from my house and buy a couple of other houses as buy to let the questions is, how much should
1:25.2	I take out of my existing property that I live in?
	...

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