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The Property Podcast

ASK87: How do I build these flats? PLUS: What's the impact of a falling lease term?

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 2 May 2017

⏱️ 8 minutes

🧾️ Download transcript

Summary

How do I build these flats?

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

Hello and welcome to Ask Rob and Rob we've got two fine guests on this week we don't Mike and Joe asking this questions

0:18.2

this is the show that people get in such ask us questions and a good chap named Rob, I'm myself also named Rob, answer them.

0:27.0

A simple show, a simple format, you could say simple hosts, but that's what we do every week and we make it very easy for you to get involved.

0:36.0

Yes we do all you need to do wander over to your laptop and go to the

0:49.2

Property Hub. Net slash Ask and record a question that way way both work equally well for getting your questions in and

0:55.9

that is exactly what Mike did so let's have a listen to what Mike has to ask.

1:00.5

Hi Rob, hi Rob, name is Mike, been an avid listener of your podcast for a while now.

1:07.0

Just had a few questions. I'm coming up on a deal that I need some help on.

1:14.0

We've had planning permission to construct six flats,

1:18.0

but I have no experience in the construction sector of the property on the property

1:26.0

side basically I was wondering is there any recommendations you can make like

1:29.3

in terms of construction company ins, or is it better to leave it in the hands of someone else?

1:36.4

I just don't know where to start, but I know that I've got the permission and I could always set it for a profit,

1:41.4

but I'd be interested in taking the next step in my

1:44.4

property portfolio. Cheers guys, thanks, bye.

1:47.0

Okay, Mike, so first you need to mix a cement.

1:50.0

That's two parts, no, I'm not going to go there. You will not have a house or any flats I can assure you if you listen to me.

1:58.0

But hopefully we can give you some advice that not only will make sure you don't cost yourself money but hopefully make some.

2:05.3

So congratulations, it obviously sounds like you got yourself a great deal and an opportunity

2:10.1

and obviously some decisions to make. Now a lot of this will depend on your

2:14.9

tolerance to risk and what your future plans are. Is this going to be a start of

...

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