ASK403: What should I do with £350k? PLUS: Is this transaction risky?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 24 October 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Your latest edition of Ask Rob & Rob has landed! (0:43) Nick and his brother have £350,000 in capital and Nick’s wondering how Rob & Rob would invest this cash in today’s market? (4:08) Dalia is looking at purchasing a property and she’s been advised it’ll be around 10 weeks between exchange and completion. She wants to know if this is common practice and if there are any risks she should be aware of? Links mentioned Property strategies that don’t work [and some that are struggling] Should you buy property off-plan? Enjoy the show? Leave us a review on Apple Podcasts - it really helps others find us! Sign up for our free weekly newsletter, Property Pulse Send us your question by calling us on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply) or click here to leave a recording via your computer instead. 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.
0:07.0	Welcome to Ask Rob with Rob. Thank you for joining us for two more listener questions and two more answers.
0:13.6	Those questions coming up in just a sec,
0:15.6	but it's so easy Rob to send your question our way.
0:18.3	It certainly is.
0:19.1	We've collected it in all one lovely place for you.
0:22.0	If you go to Property Hub.
0:23.0	dot net slash ask you can find our number you can leave a message directly there
0:27.8	and you can also leave questions for our weekly column in the Sunday Times.
0:32.2	What a lovely collection.
0:34.2	And you could do it all at Property Hub.net.
0:36.8	forward slash ask.
0:38.1	So if you have a question, make sure you get it in there.
0:40.8	This week our first question comes in from Nick.
0:44.0	Hi Rob and Rob, great work with a podcast listen to every Thursday.
0:48.0	Quick question. I've been a landlord for about 10 years I own one by to let endorse it which is profitable and is really good
0:54.4	with passive income. I understand a bit about a market. My brother and I have come across
0:58.3	about 350K in capital and we're just like your thoughts if you were I where would you put that 350 right now based on what you know about the market and the future market
1:06.3	Would you look at long-term passive income or would you look at property refurb with a view of flipping to maximize quick gains.
1:16.5	I know it depends on what my strategy is and what my future outlook would be, but if I were to say to maximize capital growth in the short term I
1:26.3	hopefully that would give you enough information to give me a steer on what you do if
1:30.7	you're I do good work thanks of good work. Thanks for your help.
	...

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