It's a little bit dangerous and it's personally cost Rob Bence a lot of money.

What is it? Well, it could be a lot of things, on the podcast today we're going to be playing you in

episode that we first broadcast all the way back in October 2013 where we were

talking about off-planned property. We've mentioned this topic on Ask Rob and Rob a couple of times, but it's still something

that we get loads and loads of questions about.

And with the property market starting to heat up in cities like Manchester and Liverpool, lots

more off-plan deals coming to the table, and lots of

habits like you asking themselves if it's something they should be getting

involved in. So in this episode we talk about the benefits of buying off-plan,

why you don't want to do it in the first place, what the risks are, and how you can mitigate

those risks. You're also going to hear Robby's personal off-plan horror story, but let's start

off-of-plan. To start with, let's talk about what off plan property actually is.

Off plan property is really simple.

All it means is you're buying a property that hasn't been built yet.

You're buying it off the plan.

It's a property where a developer

is building often a housing development or a block of flats and they're selling it to you

before it's actually completed and ready to buy. We're going to talk about the benefits of it and why it's such a hot topic.

We're also going to talk about the risks and what you can do to protect yourself if you invest in off-plan property.

That is something that we really do need to talk about

because Rob like you know a heck of a lot about this kind of thing and you've

personally lost money on this stuff. Yeah I have. I've worked with investors on off-plan

...