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The Property Podcast

ASK325: Should I cash in my crypto to buy another property? PLUS: How much cash should I keep in reserve?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 22 March 2022

⏱️ 11 minutes

🧾️ Download transcript

Summary

It’s Tuesday and you know what that means...  Rob & Rob are back to answer more of your property questions! Except this week, it’s not all about property!  Rob (yes, another one!) has sent in an interesting question about crypto. He’s been listening to the podcast for two years now and he’s just purchased his first BTL property in Worcester (congrats!) and he’s considering buying another.  Alongside kicking-off his property portfolio, he’s also got a decent cryptocurrency portfolio that has gone up a fair bit in value since he first invested.  He’d like to know if he should pull out his crypto profits and buy a second property?   With crypto having the potential to skyrocket even further the general consensus is that he should sit tight, but what he wants to know is what Rob & Rob would do?  Next up John from Ireland wants to get the guys’ opinion on reserve funds.  Having built up a diverse portfolio of seven properties, John’s been wondering what could happen if a rainy day comes.  It’s sod’s law that everything typically seems to go wrong at once, and the best thing an investor can do is put some money aside as a reserve fund for those unforeseen circumstances.  But how much on average should you be putting aside?  Tune in to find out what advice the guys have got to give.  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

Hi, I'm Rob and I'm Rob and this is Ask Rob and Rob.

0:08.6

Welcome to Ask Rob and Rob, this is the ultra smooth show where we know exactly what

0:13.4

we're doing.

0:14.4

Yes, we are answering your questions about property and not only property as we'll find out in

0:19.2

a minute with an excellent question that's come our way, but you've got an excellent question

0:23.1

too, haven't you?

0:24.1

So send it in, here's how.

0:25.4

Well, as it's a smooth show, I better not mess up the telephone number for the 900

0:29.8

time.

0:30.8

It's 013 808, Tribal of 35 or go to property hub.net forward slash ask.

0:38.0

There you go.

0:39.0

I've learned after all these years how to do it.

0:40.6

Go along to either of those, whichever you prefer.

0:43.4

Just get your question in and you'll get it answered and that's exactly what Rob has

0:48.1

done.

0:49.1

There I'll be and Rob D, this is Rob D. Just want to say a factor for the great content

0:54.1

that you've been pushing out and also the shout out to Callum and Jess who actually directed

0:59.7

me to your book.

1:00.7

I've been listening for two years now and I just finally just pulled the trigger off by

1:06.1

in a place in a limited company, my first place in the city of Worcester, where I'm from.

1:10.4

I just wanted to get you up to any and all subject really because I really love the

1:14.2

episode that podcasted on the wealth management tool and you do mention about keeping

...

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