ASK52: Is it a good idea to buy in multiple different areas?

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.8 • 2K Ratings

🗓️ 23 August 2016

⏱️ 8 minutes

🔗️ Recording | iTunes | RSS

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Summary

Rob B starts by reminding you that what may be right for one person, won't necessarily be right for another. There will be pros and cons to each approach and there's no absolutely 'right' answer for everyone. However, whilst there is definitely an advantage in being a 'local expert' it is unlikely that your local area will consistently be a smart place to invest, which is why Rob & Rob invest all over the UK in places they consider to have good fundamentals. Rob allocates a lot of his time to research, and considers it to be lower risk to invest in different locations. Rob D agrees, it's definitely lower risk to invest in different areas IF you do good research to avoid making any mistakes. Rob D also adds a note of caution for this weeks caller, who had stated she had received lots of BMV deals and reminds everyone to check out these deals really thoroughly before going ahead, and be super diligent with your fact-checking. ASK YOUR OWN QUESTION TO ROB & ROB! Don't be shy! All you need to do is leave a message with your name and whatever's on your mind. Just pick up the phone and call 013 808 00035 (normal UK call rates apply). Or if you prefer, 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.
0:02.0	And I'm Rob.
0:03.0	And this is Ask Rob and Rob.
0:05.0	Hello everyone and Rob.
0:08.0	Hello everyone and welcome to another episode of Ask Rob and Rob. Yes we're back of course we are because it's Tuesday and every Tuesday we get a listener to give us a question and we give you an answer.
0:23.3	And if you'd like to become part of the show,
0:24.9	we make it very simple, we give you not one
0:27.7	but two ways of getting in touch.
0:29.5	Yes, we do.
0:30.3	The first one is the good old-fashioned telephone. Just call
0:33.4	Oh 1-3-8-O-3-35. That's 1-3-8-O-3-35. You'll just be paying the
0:41.7	normal rate for that call and you'll leave us a voicemail, or you can do exactly the same thing by going to the Property Hub.net slash podcast and leaving us a message from your laptop.
0:53.2	So whatever your question, just make sure you get it over to us.
0:56.3	That is what Anika did.
0:57.8	Let's hear what Anika had to ask.
0:59.8	Hi Robin Rob, my name is Anika. I recently purchased my first home which was very exciting as you can imagine. I now have enough money saved to buy two buy to let properties within the 100,000 mark. I've signed up to a few
1:18.9	B&B companies and receiving some really great deals.
1:23.0	However, they're from various different places in the UK,
1:27.0	some in Birmingham, some in Hull, others in Northampton.
1:31.0	And I was wondering if buying houses in different places
1:35.2	across the country is a good idea. The reason I asked is because I've had some
1:39.9	advice from some people saying concentrate only in one area and that way you only have to
	...

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