ASK317: Do I go ahead with this deal? PLUS: Is digital property the future?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2K Ratings
🗓️ 25 January 2022
⏱️ 8 minutes
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Summary
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| 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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