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The Property Podcast

ASK317: Do I go ahead with this deal? PLUS: Is digital property the future?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 25 January 2022

⏱️ 8 minutes

🧾️ Download transcript

Summary

Welcome back to another episode of Ask Rob & Rob.  This week we’ve got two super interesting questions that the guys couldn’t wait to get into!  Kicking things off this week is Dragos.  Dragos has recently had an offer accepted on a 1-bed flat in a great part of Liverpool, but thanks to a couple of declining lenders, he’s recently discovered something that’s left him questioning if the deal is right for him.  The lenders revealed that the development mainly consists of investment units with a limited demand for owner occupation.  Would Rob & Rob go ahead with this deal? And what would they do or ask as a precaution?  Next up, we’ve got a question from Sal in London.  Sal has built himself a portfolio of property, but he’s looking to expand and diversify.   With the ongoing developments in technology and the recent spike in popularity for things like NFT’s and blockchains, should he be consider trying his hand at digital property?  Sal wants to know what Rob & Rob think about digital assets and whether they see the market developing.  Tune in to find out their thoughts!  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

0:12.3

in and we give you answers, you know what, when pumped up for this episode. We can't wait

0:17.4

to get into those questions but before we do, let's remind you of what makes us so happy,

0:22.8

your questions and how can you make us happy? Well, by leaving us a question and here is

0:27.1

the process. Yes, so simple, just call 013808 AAA35, that's 013808 AAA35 or go over to

0:34.0

propzihub.net slash ask. You can via either of those methods, leave us a voice mail and in the

0:40.0

fullness of time, get your question answered just like we're about to right now, for

0:43.7

very good.

0:44.7

Hi Rob, my name is Ragosh, I've had an offer accepted on a one-bed flat next to the Bondout

0:50.6

Church in Liverpool and later found out from two declining lenders that the building is

0:56.0

predominantly made of investment units with limited demand for owner occupation. I'm

1:02.4

quoting now. This is my first investment and I would really love your thoughts, the property

1:08.1

also comes tented and I want to self-manage. If I could get a second question, what would

1:14.9

you do or ask as a precaution? Thanks for everything you do and keep up the great content.

1:20.0

Thank you for your question and I know that area well, I obviously don't know what

1:23.4

development you're talking about, but I do know the area and it's a great area central

1:28.4

Liverpool, close to Bold Street, great location. So as an investment area, it seems strong.

1:34.4

So that's the good news, but the challenging part, as you've discovered, is that there

1:38.0

are a lot of investors in the particular block that you own and you're struggling to

1:41.7

get lending.

1:42.7

Now, it would be easy just to say, well, move on then if you can't get a lender, but actually,

1:49.0

if you think it's a good investment and it's in a good area, which we've established

...

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