The Property Podcast

This week on The Property Podcast we’ve got a great episode for you. We’re talking about exit strategies.  Now you may be thinking, ‘why on earth would I want to think about getting out of property when I’m only just getting started?’.  Well, there’s actually a valid reason for thinking of the end goal and considering your options for when you’re ready to let go. So on today’s episode, Rob & Rob are going to be talking about the following: Flips They’re the most basic, but not the easiest of strategies. You buy it for X amount, spend Y doing the property up and sell it for Z. More often than not, X+Y should be less than Z.  But what if it’s not? And what if you’re doing it on bridging finance or as part of a joint venture? Then what?  Rent-to-Rent/Serviced Accommodation This is quite a popular strategy but more of a hands on one. You tend to rent for X amount, sublet it for Z amount and therefore Z should be more than X. Sometimes you won’t be able to sublet the property, then what happens? What if there’s an issue with the property? Or, now you’ve built up enough cash for a deposit, how do you get out of your current situation?  Buy-to-Let And finally your plain vanilla buy-to-let strategy. By no means is it the most glamorous but it is the simplest. You’ll buy a property for X amount, spend Y amount on things like furnishings and then you’ll rent it out for Z.  Z/X+Y * 100 = Yield. Pretty simple and straightforward.  What happens if the property doesn’t rent, or you have massive unexpected expenses?  These are just some of the examples Rob & Rob cover on today’s podcast.  Make sure you tune in and map out your exit route.   This week’s news story headline reads ‘markets predicting negative base rate as BoE keeps options open’. In previous weeks the Bank of England have voted to keep interest rates to a historic low of 0.1%!  If you thought that was crazy, read om. Because there’s the potential to go lower than that! For some reason it seems like the markets are expecting the base rates to go negative at some point in the next year. However the BoE don’t have any plans on doing it, but never say never.   This week’s Hub Extra is a tool that Rob & Rob both use to pick the right background music for them to work to. If you’re like them and you need a bit of a soundtrack to get you through something tedious you’ve been working on then maybe you should give Flow State a go.  It’s a daily email where they send you a link to a new artist where they’ve handpicked music that’s good for concentration. There's a wide variety of music choices so you may be surprised.    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 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.

It’s Tuesday. And that means another episode of Ask Rob & Rob.  First up we have Ed who wants to ask about joint ventures.  Ed has a few properties he’s worked on using the buy, refurbish refinance strategy. They’ve gone down so well that Ed now has a few contacts looking to do joint ventures with him. They want to put in the cash while he handles the rest of the workload.  He wants advice from Rob & Rob on how to structure this from a legal point of view to protect both himself and the investor.  There are many different ways to structure a joint venture, but there are two common ones. And in this episode, Rob D runs through both of these to help you understand the two most popular ways people run their joint venture agreements. The important thing is to make sure the structure is right for all parties. The second caller this week is Pete. He’s got his first property due to complete this year. He bought it at £250,000 and it’s increased by around £30,000-40,000 already.  Pete wants to know if he can use this increased value as part of his deposit on the buy-to-let mortgage he’s taking out on it. He’s buying his property through a limited company so wants to leverage what he can.  Will Rob B make Pete’s day or is Pete asking the impossible?  Rob B does give a sneaky insight into valuations and dishes some dirt on why valuations are always done on the purchase price, so this is a great episode to help anyone who’s purchased off-plan and is looking to take advantage of any uplift in value.  Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).    Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.See omnystudio.com/listener for privacy information.

It’s the episode you’ve been waiting a whole month for. It’s August’s market update!  There’s so much that’s happened in August, it’s been crazy!  Normally you would expect August to be a bit of a quieter month, with people taking time off, going on holiday or just spending time with their children during the school holidays.  However, given the current circumstances, that’s not been the case at all and some certain topics that the guys are going to discuss today have been quite surprising.  Here’s what The Robs are going to be talking about on today’s episode: Property prices Evictions Mortgages Insurance Taxes The economy Plus a whole lot more just in case that wasn’t enough for you.    Not only are Rob & Rob bringing you the market update, but they’ve also been on the phone talking to none other than Robert Kiyosaki, the author of Rich Dad Poor Dad, just in case you didn’t already know. Now we’re going to be keeping all the juicy details from that conversation for next week, but Robert Kiyosaki does actually have a virtual event on this weekend! It’s on Sunday at 8am for the Global Crisis Summit so if that’s something you’d be interested in, you can get your virtual ticket here.   If any of the job roles that Rob & Rob discussed in today’s episode and you’d like to apply, you can go and check out the full job roles right here.    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 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.

We’re back with another episode of Ask Rob & Rob and this week the guys are discussing questions on HMO’s and why they do/don’t love Birmingham. The first question we’ve got for you this week is from Martin, who after listening to the podcasts has gone on to recently purchase his first property.  It’s a 3-bed property that would rent out for around £800pcm and he has the option to renovate it and turn it into a 4-bed HMO that will bring in around £1,600pcm.  He’s now questioning whether he’d be better off appealing to a family where he won’t have to pay the bills for them, or go for the HMO market and tenant turnover, but almost doubling his income? It’s certainly a tough decision to make Next up we’ve got Jordan. Clearly due to his question he’s been a long term listener as he’s got a question based on a podcast The Robs did a few years ago.  The podcast episode was why Rob & Rob don’t show Birmingham much love so now Jordan is wondering if three years on that’s still the case and The Robs still don’t love Birmingham. To him it seems like a good choice as from what he can see the fundamentals are there, but he’s wondering if he’s missing something.  Tune in to find out if Rob & Rob have a new found love for Birmingham or if they’d still keep away.   Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.See omnystudio.com/listener for privacy information.

At some point in your property journey you’re going to get people who are questioning what it is you’re doing.  People that doubt you’ll make any money from investing in property and they’ll try and put you off.  So in this week’s episode of The Property Podcast, Rob & Rob are going to discuss how you should deal with them, but more importantly, why you should encourage them.  Sounds crazy, right?  What if we told you that you should use what the doubters say as momentum to spur you on? Because that’s exactly what Rob B did himself about a decade ago.  Rob B shares a personal experience in today’s episode and it might just give you the push you need to keep going and ignore the haters.   In the news this week, ‘collapse of Airbnb popularity produces glut of long-term stock’. After speaking to Chris Ryder a few weeks ago, you wouldn’t expect to see this headline, especially now it seems the majority of the population are enjoying staycations this summer.  However research from Hamptons International has shown that one in eight properties coming onto the market in inner London have previously been on Airbnb or other short term let websites.  It also shows that the number of homes available to rent in inner London is up by 42% compared to last year which is a huge increase! But there are many factors that can contribute to this.  As a result it’s pushing rental prices down. Which is something that The Robs will discuss on next week’s market update.   This week’s Hub Extra is a new podcast for you to listen to! Our podcast producer Dan has also been working on a new podcast called ‘Naked Money’.  The show has Robbie Burns as the host who’s a multi-millionaire stock trader if you didn’t already know. He’s more famous for his book, The Naked Trader which is a book Rob B loved.  So no doubt the new podcast is going to be just as good.    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 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.

This week on Ask Rob & Rob the guys are still answering coronavirus related questions and helping one caller put his mind at rest on his recent investment To kick start this week, we’ve got Harsh. Along with a friend as part of a joint venture, they’ve bought their first buy-to-let property in Crewe.  However he’s now having worrying thoughts. Harsh has clearly been listening to our weekly podcasts and he knows that Crewe is an area that we’ve mentioned numerous times on the podcast and an area Property Hub Homes even built a development in.  But he’s also listened to the episode on Rob D’s investment in Nottingham and is now worried that because he only paid £75,000 for his property, it’s not going to benefit from capital appreciation. Is this a general rule of thumb? Should Harsh think about selling and investing somewhere else? Our second caller is Pedro. He’s got a question about the effects of coronavirus and the impact it’s had on people working from home. Since more people are now working from home and potentially going to continue to work from home for the foreseeable future, will this change the fundamentals that we look for when investing in property? So what do Rob & Rob think about this?  Tune in to find out   Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.See omnystudio.com/listener for privacy information.

Get ready… because Rob & Rob are about to change your life! Seriously. Now is the prime time to be making improvements to better yourself. We’re living in strange times right now, but we can see this time as an opportunity to make dramatic differences to your life.  You can come out of the coronavirus pandemic far stronger than you went into it. Here’s what we cover in today’s episode:   Goal setting - we genuinely believe it can transform your life. Listen as Rob & Rob talk about how they use goals, both in person, and in their business. If there’s one action you take from today’s episode, let it be this one. There might be goals you’d set now, that would have been completely different to what you may have set at the start of the year because so much change has been forced on us. Here’s the episode Rob D refers to when talking about property megatrends. You can take the goal setting course right here for free too.    Creating habits - habits are the things you can do every day to get you that one step closer to your goals. Now is the ideal to review your habits, see which ones you’d rather not have and see which new ones you want to create to support what you want to achieve. Listen as Rob D talks through forming new habits and how to make them stick. For inspiration and more details on how you can learn to habit stack, you can go and listen to Rob & Rob’s brain hacks episode right here.    Fitness - it’s become a huge thing right now. It’s massively helped Rob & Rob during lockdown. Many people have now transformed their old fitness habits and created new ways to work out, because they’ve had to during lockdown. And actually, it’s becoming apparent that people are preferring their new routines.    Mental health - there’s been a huge focus on mental health throughout lockdown. The media hasn’t helped the downward spiral in those struggling mentally, but we can all try our best to be more aware of how our mental health is being affected during these times. Rob B talks us through how he’s using meditation now more than ever, and how it’s helping him massively.    Education - We know a lot of you have been focusing on your education, because our website stats for our educational resources are breaking records. But could you be doing more?    Finances - A renewed focus on finances is never a bad thing. We’ve had a pandemic which has affected people negatively through job losses, but there’ll be others who have used this time to conserve cash through not commuting or spending unnecessarily. Rob & Rob have done a previous episode about personal finance which you can find here. You can’t be a property investor and have poor finances, so if you haven’t focused on this yet, you need to.   Taking action - doing deals, or getting ready to do them. The market is incredibly strong right now. People are coming out of lockdown ready to invest. And if you’re not yet ready, at least start preparing yourself. Rob B delves into everything you should be doing NOW, so you can strike as soon as you’re ready. Find out why now isn’t the time to be sitting on the fence and why you shouldn't let the media be your investment guide. Find out how others are taking action now, like Chris and his serviced accommodation in this episode. Or Natalie who’s refurbed multiple projects during the pandemic! If you work on all of these things, you’ll become a more successful property investor.    In the news this week, we’re talking about this article from The Express: Chancellor's stamp duty holiday gives 'surprising spike' to home values. Prices are up 3.8% year-on-year according to the Halifax, which is a huge jump. It’s surprising because we still have the coronavirus, but also not surprising for reasons Rob & Rob will delve into on this month’s market update - which is only a few weeks away, so make sure you tune in.   This week’s Hub Extra is a quote from Dennis E. Adonis which is quite fitting with this episode.  “Never restart a journey and use the same road that failed you before.” Listen to find out why this quote resonates so well with Rob & Rob this week.   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 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.

It’s another Tuesday, so it’s another Ask Rob & Rob. And we’ve got two cracking property questions for you. The first question is from Dom who’s just completed on a 2-bedroom flat in South London. He agreed the price back in January before the dreaded coronavirus, and went back to negotiate on the advice of Rob & Rob and managed to snap up an absolute bargain! So he’s ended up with a new house at a massively discounted price.  Today he’s asking whether Rob & Rob reckon he should flip it, take the cash and wait for another dip.  Rob B has some solid advice today and a bit of warning about that ‘paper-profit’. Dom needs to be careful about allocating overall transaction costs and also about potentially investing on the expectation of a dip in the market.  Why should Dom be careful? Why should nobody ever invest based on assumptions? Tune in to find out. Next up is Sabrina from Newcastle. She got hooked on the podcast after reading Rob D’s book and hasn’t looked back ever since - that’s what we like to hear!  Sabrina is a first time buyer and wants to know if investing in property via a limited company would preserve her first time buyer status for when she eventually buys her own residential property to live in - therefore avoiding that 3% stamp duty surcharge on second properties.   Listen as Rob D takes the lead on this question and explains how we’re all judged as individuals when it comes to property transactions.  Try as we might, there’s no getting around stamp duty unfortunately.  If only we could wave that magic wand! Tune in to today’s Ask Rob & Rob, it’s one not to be missed! Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.See omnystudio.com/listener for privacy information.

When we refer to a property super-geek you may think that we’re referring to the number one Property Geek, Rob D.  But it seems that there’s someone else who is just as excited by tech and property, and that’s Chris Ryder.  You may remember Chris from a few weeks ago when The Robs interviewed him about his serviced accommodation business and how it was coping during lockdown. Well, he’s joining Rob & Rob again this week to talk about all things tech in property.  Before getting involved in property Chris was in a good corporate career that centered around software development. Chris has since gone on to deploy different apps and systems into the day-to-day management of his business. So, naturally Rob & Rob couldn’t resist doubling down and getting unashamedly geeky about property and tech. Tune in to find out how these apps have changed the way in which Chris manages his portfolio. You may pick up a few tips for yourself if you self-manage your properties or you’re thinking about doing it.    Over the past few months we've shared a number of news stories around mortgage products and how much they’ve changed, particularly during lockdown. The long term trend with mortgages and rates was downward, and even with interest rates going up, mortgage rates were still low because everyone was competing for business.  Now, it seems that’s been flipped on its head. There’s plenty of people now seeking a mortgage but the rates aren’t particularly attractive. One broker Rob D spoke to recently even said that some lenders are currently putting their rates up because they wanted to become less competitive!  Lenders are actually struggling with their workload so much that they want to put people off from applying for a new mortgage with them. Absolute madness!    We’ve got another two resources for you for this week’s Hub Extra. Naturally they’re related to what Chris has talked about on this week’s episode, and they’re both helpful with connecting different pieces of technology together to do cool automated stuff for you. The first is called ‘if this, then that’ which allows you to connect different tools together and it’s pretty cool in the way that it works, just have a look at the website. The second tool is called ‘Zapier’ which is basically the same thing but a little bit more techy and more for connecting ‘small business’ kind of software.   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 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.

This week on Ask Rob & Rob we’ve got two great questions around location and using the bounceback loan scheme to fund your deposit. Is it a good idea? It seems a number of people are turning their head towards Liverpool for investing in property right now, and this week we’ve got another question regarding properties in the area. So let’s get to it. The first question is from Mohammad. He’s recently acquired £50,000 from the bounceback loan scheme through his limited company and he’s now wanting to know if he can use this money as a deposit for a buy-to-let property?  There’s been a bit of confusion and uncertainty around this topic as it’s not really been clear as to whether you can use the bounceback loan as a deposit.  So, do The Robs think it’s alright to use the loan as a deposit or do they think Mohammad should reconsider? Our second caller of the week is Harry from Bristol. He’s asking if £70,000 is too cheap to purchase a decent property in Liverpool?  If Rob & Rob think it’s too low, Harry wants to know what they think would be the minimum they’d pay for a property in this location. Naturally, there was only one Rob to take on this question, so it’s over to Rob B to answer this one. Does Rob B think that Harry should be looking at paying more than £70,000 to get himself a good investment property?  Tune in to find out.   Do you have a buy to let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  Or if you prefer, click here to leave a recording via your computer instead. The next question on Ask Rob & Rob could be yours.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.See omnystudio.com/listener for privacy information.