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The Property Podcast

TPP334: Rob & Rob critique your deals

The Property Podcast

Rob Bence & Rob Dix

News, Investing, Education, Business, Business News

4.82K Ratings

🗓️ 8 August 2019

⏱️ 24 minutes

🧾️ Download transcript

Summary

This week on The Property Podcast, Rob & Rob are back by popular demand, evaluating your listener deals live on the show.  These episodes are ones that The Robs absolutely love doing, and this week we’ve got three cracking deals to get through.  So grab a brew and settle down as we listen to how Rob & Rob scour Rightmove and offer advice to our three lovely listeners Tim, Sarah and Ahmed.  First up we have Tim who has been looking at three bedroom terrace house in Worthing. The property was on the market for £325,000 but Tim managed to get a cracking deal and had an offer of £285,000 accepted. Kudos to you! He reckons that realistically the rent is likely to be £1,150 pcm, however this valuation won’t pass the stress test criteria and Tim will have no choice but to go for a 5 year fixed term mortgage to be able to get the full 75% loan to value rate.  After running some quick numbers, it looks like Tim will potentially end up with a net yield of 1.5% and about £400 in his back pocket each month. Would The Robs choose this deal to add to their property portfolio?  Rob & Rob also take a look into Sarah’s two bedroom apartment in Didsbury that she bagged for £205,000 and Ahmed’s three bedroom terraced house in Birmingham that he got for £13,000 below asking price, but needs a lot of work doing to it!  So which of these three deals would Rob & Rob be most likely to invest in themselves?  Tune in to find out and listen to what advice they guys have to dish out. In the news this week, Boris Johnson is in our good books again as he’s now announced a new railway link between Manchester and Leeds.  Transport for the North proposed this a while ago, but Boris has blown this right out of the water and is moving for a bigger and better plan! Not only will there be new connections from Manchester to Leeds, but also Manchester to Liverpool and Sheffield.  Hopefully this isn’t just a pipedream and Boris will actually follow through with it - we’ll just have to wait and see. This week’s Hub Extra comes in from one of our Hubbers, David. It’s a website called Get The Data and it’s a site where you enter the postcode and it pulls loads of information about that location from a number of different sources.  It will give you everything from the nearest public transport stop to the food hygiene ratings of local restaurants and takeaways. So this is a great resource to use if you’re looking to invest in a new area and are wanting to get clued up on any particular location.  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

Property investment. It's all about the deals and that's what we're looking at this week.

0:06.4

We're looking at your deals. We're going to be analyzing them live on the show and giving you

0:10.9

our opinions on your deals. It's going to be fun.

0:14.0

Welcome to the Property Podcast where every Thursday morning

0:23.2

property investors come together to be informed and inspired.

0:26.2

I'm Rob D with Rob B this is episode number 334 and what a great day this is

0:31.2

because we get to spend half an hour on right move looking at your deals and passing judgment what's not to like.

0:37.0

So we're going to have a great time. Hopefully you will too and make sure you stick around to the end because we've got a fantastic tool to share that will help you with your

0:43.7

research. Let's get into our new story this week and Rob we get to talk about your favorite topic.

0:49.2

No not Boris Johnson, Trains! Yay! Boris has announced plans for a new railway link between Manchester and Leeds, which is funny because

0:58.4

we were in Leeds just the other day Rob and complaining about how long it takes to get between those cities.

1:02.4

So is he onto something?

1:03.7

He is, it's not an original idea.

1:05.3

Transport for the North have had proposals out for a long time.

1:09.6

And what Boris has announced is just a snippet of a far bigger plan and yes this is

1:14.3

absolutely needed in a positive step in the right direction but the plans that have

1:18.9

been proposed are so much bigger so it is a positive with a tinge of disappointment that he hasn't gone

1:25.5

further it's not just leads to Manchester it's Liverpool to Manchester Sheffield to

1:29.8

Manchester if you look at Manchester place where it is geographically, the importance it has now economically in the north, its airport, all the rest of it,

1:38.0

you could create a real powerhouse of an economy or Northern Power House by connecting

1:43.7

Liverpool, Leeds and Sheffield all directly into Manchester and then allowing you

1:47.9

to get out and into those other cities as well. There's been talk of Hall and

...

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