ASK315: Am I wrong to get emotionally involved? PLUS: What's your minimum yield target?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 11 January 2022

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

We’re back and we’re starting 2022 with four questions! Our first three questions come from Phil from Liverpool. Phil is an avid listener of the podcast and bought his first investment property back in August – a two bed flat in Liverpool. As he was buying in an area he was familiar with, he found himself getting emotionally invested and was ruling out any areas he wouldn’t live in himself. What he wants to know is, should he avoid doing this in the future? He’s also recently started to see the power of leverage, and with this in mind as he considers buying his next property, he’s started to think about interest-only mortgages. So, Phil’s asking Rob & Rob if he should stick to an interest-only mortgage, and if so, should he only pay interest for the full term? His final question was a special one and required Rob B to dust off his crystal ball, as he quizzed Rob on how Liverpool is going to perform in the premier league. Tune in to hear what the guys have got to say. But the questions don’t end there, and our final question is a big one, and it’s all about yield. This listener wants to know what’s the minimum yield you should consider on a single buy-to-let? Thankfully, Rob & Rob have covered this before, so if you’re searching for the Total Return Formula podcast episode, you can find that here. 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	Hello everyone and welcome to the show that is Ask Rob and Rob, we're back happening
0:12.2	a year, it's so good to be back and it's so good that we've got loads and loads of questions
0:16.6	in from you, so let's not mess around, let's get into it because Phil, our first listener
0:22.0	to call in, is actually got more than one question, so Rob, before we dive in, let's remind
0:27.5	everybody else how they can get involved and get their question answered on the show.
0:32.1	Right, can I remember the number after the break, let's have a go.
0:34.7	013 808 triple O35, there we go, I knew it was there, 013 808 triple O35 is the number
0:40.7	or go to property hub dot net slash ask, either way you can leave us a voicemail with a question
0:45.5	or maybe two questions, maybe three questions if you cheeky like Phil.
0:48.5	Hi Rob and Rob, my name's Phil from Liverpool, I really love your podcast and I started listening
0:56.3	to it after hearing about it on the Meaningful Money podcast a couple of years ago, once I've
1:02.4	gotten my finance assorted, I then started looking into buying property, so I bought my
1:08.0	first property, my first investment property in August, which is a two bed flat in Gattaker
1:14.6	in Liverpool, it's talented and it was talented like when I bought it, when I was looking
1:20.8	to buy, I wouldn't look at a place in an area that I wouldn't live in myself, obviously
1:26.4	being from Liverpool, I knew all the areas, some better than others, what's going through
1:32.5	the process, I'm now starting to see the power of leverage and I'm considering buying another
1:38.7	property once I've built up a deposit again, my question is would you advise with investment
1:44.8	properties to not be too emotionally attached to them and to not worry whether you yourself
1:52.3	as the owner would live in it and the second part of that is would you advise to always go for
1:57.3	an interest only in mortgage and stay paying interest only for the full duration of the mortgage
2:02.8	term, so the full 25 years or whatever the term is, because by doing that you're increasing
	...

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