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The Property Podcast

ASK421: Is Kent a good place to invest? PLUS: How do we split profits fairly?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 26 March 2024

⏱️ 9 minutes

🧾️ Download transcript

Summary

Rob & Rob are back with two more listener questions!  (0:42) Sylvia’s thinking about investing in Kent’s district, rumoured to be an up-and-coming area undergoing regeneration. But she's wary about the truth behind these whispers and the time it may take for the investment to pay off. Today she’s turning to Rob & Rob for their expertise on regeneration projects.  (4:15) Becca aims to kick off her property journey by flipping properties with her partner and potentially other investors in the future. She wants to know the best way to structure the company so profits are fairly distributed, as she'll be putting in the cash while her partner does most of the labour.  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.  Find out more about Property Hub Invest  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.

0:07.0

Welcome to Ask Rob and Rob. It's another week of answering your property questions.

0:11.0

It works pretty well as long as you send your questions in. So if you do have something

0:15.3

on your mind and you'd love to know an answer, the way to get it across to us and to get on the show is so easy.

0:20.1

It certainly is, it's all in one safe place and that is the Property Hub website.

0:25.2

Go to Property Hub.net forward slash ask and you can get your question in there.

0:30.0

There's a few ways you can do it and you can even get your question to appear in the Sunday times as well.

0:34.7

Now that's very exciting, but what is more exciting is that we have a question to answer right here right now,

0:39.6

and that first question is in from Sylvia.

0:42.4

Hi guys, can you shoot? That first question is in from Sylvia.

0:48.4

Hi guys, can you shed some light on the Tannett District of Kent? I'm thinking here of Rumsgate, Broadstairs and Margate.

0:56.2

Are they really that up and coming as you get to hear in news and social media or do you think that it's going to take generations to actually

1:01.9

regenerate? I'm thinking of picking up a two-bed terraced

1:06.0

house around 250K, to use for myself for holidays, but I also would need it to pay for itself from rental income.

1:15.0

So is this area a good investment or could this be a big struggle?

1:20.0

The houses I'm looking at are in Ramsgate specifically. Thank you.

1:25.7

Sylvia, thank you for your question. Now I'm going to just say straight away.

1:32.0

I am not an expert on Ramsgate, Broadstairs or Margate.

1:37.2

But in the interests of this podcast and everybody listening to at some value I will give you a general answer and the general

1:46.3

answer is this my experience over the years has told me that regeneration projects unless

1:52.4

they are huge off-the-scale projects take a long time to make a

1:58.4

a difference longer than anybody normally would expect.

...

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