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The Property Podcast

TPP297: Things That Have Gone Wrong For Us In 2018

The Property Podcast

Rob Bence & Rob Dix

News, Investing, Education, Business, Business News

4.82K Ratings

🗓️ 22 November 2018

⏱️ 23 minutes

🧾️ Download transcript

Summary

We’re a very positive bunch here at The Property Hub, however we know that  not everything always goes to plan - particularly when investing in property. So on this week’s Property Podcast, Rob & Rob are giving us an insight into what’s gone wrong for them in the world of property investment and development this year. Before we delve into the podcast, check out the news story of the week - click here. There’s some quite shocking numbers here, one being that a whopping 35% of deals fall through within just three weeks of the seller receiving an offer. And if you thought that was bad, just listen to what happens within four weeks! But it’s not all negative news, as this could spin into an incredibly positive outcome for property investors. Tune in and listen to how Rob D would use this to his advantage! You can also find out more about Rob & Robs tactics for next year at our webinar on the 26th November. They’ll both be sharing details on where they’re both personally looking to invest in 2019. So if you’re looking to find out where the next property hotspots are, this is your chance. The webinar is FREE so click here to reserve your spot. As The Robs turn their attention to 2019, we thought we’d dedicate this week’s Property Podcast to reflecting on 2018 - and specifically on what has particularly gone wrong this year. Has the world of property development been plain sailing for Rob B? What have been the main challenges for the team whilst trying to get his development out of the ground at Crewe? Rob B talks us through how he’s navigated certain problems with his property development journey and what’s he’s learned from the process. And it’s not just Rob B who’s had issues at site, Rob D has had his fair share of problems and talks through his frustrations with the council, their slowness and needing to meet planning conditions - which ultimately put them behind schedule. Aside from the bureaucracy and endless paperwork which comes as part of being a property developer, The Robs share and discuss other property investment issues they’ve ran into this year: Non-paying tenants Damaged property Disappearing tenants Maintenance problems How do Rob & Rob manage to keep their cool (and stay positive) when faced with all these hurdles which are out of their control? If you’re unsure whether you’re cut out for the world of property investment and property development, tune into this week’s Property Podcast to find out. Hub Extra: We’re giving you a fantastic quote this week from the legend that  is Elvis Presley: “When things go wrong, don’t go with them.” Listen to see why Rob & Rob have fallen in love with this particular quote and also look out for it in this week’s Hub Extra email which will hit your inbox on Friday. If you’re not signed up yet, head on over to The Property Hub website to register for FREE! Get involved: You can reach us over on Facebook, Twitter or Instagram. Let us know what you think about this week’s property podcast or let us know about any future topics you’d like us to cover. You can also join our friendly property community on the Property Hub forum. It’s full of like minded people chatting all things property related. We’d also love it if you could head over and leave us a review on Apple Podcasts. Reviews help other listeners find us and we always read a selection out on our podcast too - so you could get a mention. Leave us a review on Apple Podcasts here. Not sure how to leave a review? This video shows you how to review and subscribe on Apple Podcasts. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, I'm Rob B, and we're Rob Dee, and you are listening to episode 297 of the Property

0:07.0

Podcast.

0:08.0

Now this is a positive podcast, but this week we wanted to get really open and honest with you

0:12.4

and talk about all the things that have gone wrong for us this year.

0:15.6

And we've got quite a list.

0:17.6

Yes, welcome to the property podcast where every Thursday morning property investors

0:27.8

just like you come together to be informed and inspired.

0:31.5

You might think it's not that inspirational to focus on the negatives

0:34.4

on the things that haven't worked out. But actually I think you'll find that today's

0:37.6

episode will leave you feeling a lot more positive about your own property investing

0:41.6

and if that's not quite enough,

0:43.2

stick around to the inn for Hub Extra.

0:44.7

Will we've roped in someone very unexpected

0:46.8

for a little bit more advice.

0:49.1

So a new story this week, Rob,

0:50.7

with some quite shocking numbers.

0:53.4

The headline is, Sales Slump has fall-throughs and consumbing sore.

0:57.4

And the article goes on to say that new research shows that 35% of deals fall through within three weeks of the seller receiving an offer.

1:05.0

And a total of 44% fall through within four weeks.

1:09.0

Those numbers are huge.

1:10.0

Those are huge numbers.

1:12.0

I've always had in my head. I think I've read this a couple of places before that the rough proportion that fall through is about one in three and that's still a lot but 44% knocking on for half of transactions fall through after a sale is

...

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