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The Property Podcast

TPP323: Rob B mentors two investors - live

The Property Podcast

Rob Bence & Rob Dix

News, Education, Business, Investing, Business News

4.82K Ratings

🗓️ 23 May 2019

⏱️ 29 minutes

🧾️ Download transcript

Summary

This week on The Property Podcast we’ve got a special episode for you - and it’s one that The Robs have been wanting to do for a while. [Drum roll!] Today, you get to listen to Rob B mentoring two lucky podcast listeners - LIVE! Avid listeners will know that strategy is key, and today we’re revealing just how important we think this is by putting Rob on the spot to offer his advice. Now don’t worry, this isn’t just specific to Ruth and Christian’s investment plans,(who are the two lucky listeners by the way) there’s so much information given out in today’s podcast that you can apply it to your own property investment strategy. So it’s well worth the listen. The Robs (and the team at Property Hub Invest) have spent years helping people with their property journey. Many they speak to don’t even have a strategy. But that’s OK, because that’s where we excel. And we’re all for sharing knowledge. The first lucky listener is Ruth from Dorset. Ruth and her husband Dennis have already started investing in property in South Wales and have a couple of buy-to-let properties. Alongside their two buy-to-let properties they also have a holiday let. Running alongside their investments, Ruth and Dennis have an interest only mortgage on their residential home. Their goal is to have £3,000 net income each month from their buy-to-let properties so that when their mortgage expires in 2023, they can service a new mortgage. There’s a lot of numbers flying around in this one, but with their combined investments, the profit they’re currently making is around a quarter of the way to their £3,000 goal. So what should they do now? Rob B steps in with a strategy that will help them reach their goal by the time they’re due to remortgage. Next up we have Christian. Christian is already in a nice position with his property investment portfolio. His goal is to increase his cash flow so he can continue to invest and build a pension pot, and have something to hand down to his kids. Christian already has a standard buy-to-let property in London which produces a decent £16,000 per annum, along with 2 HMO’s. He’s now on the lookout for his next investment in the north. At the moment Christian is weighing up his options as to when the right time might be to purchase another property, and what kind of property he should be looking at. On the plus side, he was worried about the effects of Brexit, but after religiously listening to The Property Podcast, he’s confident he can still purchase in the next few months. So what type of property does Rob B think Christian should be looking for ‘up north’, and what should he be focusing on to achieve his goals? Tune in to find out. Then head over to our social channels to let us know what you thought of today’s episode. For this week’s Hub Extra we’re giving you the gift of time. No, we’ve not got a new invention, we’re simply giving you advice on your goals - for free! You’ve just spent the last 20 minutes listening to how Rob B helped Ruth and Christian with their property goals, and now it’s your turn. You can register for your free goals call with one of our Invest team. On the call you’ll go through your goals to determine whether they’re realistic [very important!] and look at ways to help you achieve them. It’s probably the best call you’ll have all year! Slots are limited, so book an appointment sharpish. In the news this week, Letting Agent Today has reported that landlords selling up made an average gain of £80,000 in 2018. This isn’t what surprised The Robs though, it was the fact that this is an average figure which means a huge 15% of landlords have made a loss! This news story certainly ruffles a few feathers. If you’re in this situation and thinking of selling, this episode is well worth a listen as it could change your mind and offer you a helping hand. We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our brand new YouTube channel where we upload new content every week! If that wasn’t enough, you can also join our friendly property community on the Property Hub forum. See omnystudio.com/listener for privacy information.

Transcript

Click on a timestamp to play from that location

0:00.0

Hi, it's Rob B here with Rob D and it's the Property Podcast. Now this week's

0:07.0

episode's a bit different because I jumped on the phone but not with Rob. I got

0:12.0

on the line with two listeners who want property investors who needed some help

0:16.7

And in this week's episode you're going to hear me mentor them live live.

0:27.0

Welcome to the Property Podcast where every Thursday morning,

0:30.0

property investors come together to be informed and inspired.

0:33.2

Thank you for joining us for what's going to be a great episode because you're going to hear

0:37.2

the process that Rob goes through when helping someone with their goals.

0:41.5

Yes, he's solving problems and bringing clarity to the people

0:44.5

he got on the phone with but there'll be so much you can learn from the approach that

0:48.1

he takes that you can apply to your own situation. So make sure you stick around and stick

0:52.4

around all the way to the end because you'll hear about another great way that you can get help with your own situation for free.

0:59.0

So Rob this week's news story has a catchy headline and it's Landlords selling up have made an average

1:04.8

gain of 80,000 pounds in 2018. So there's data been released from Hamptons International

1:11.4

and through their research that landlords made a profit of nearly

1:15.3

80,000 pounds before tax last year. Now that's a nice number but the point of this new story

1:21.2

we're bringing you isn't to tell you that landlords are making money.

1:24.1

No, it's actually really interesting that in that data and in that report that there are landlords not making money

1:30.9

because this is an average figure and the new story went to say that 85% on landlords made a game

1:36.8

with the remaining 15% making a loss which Rob I found staggering that 15% made a loss.

1:45.0

Okay, you can accept that, you know, one to maybe 5% for people who were just in desperate circumstances,

1:52.0

but 15% that says to me that people have panicked

...

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