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alternative financing
Explore "alternative financing" with insightful episodes like "A new way to pay for college (Update)", "ASK195: How can I cut down the amount of time I have to save up for? PLUS: Is there a limit to how many mortgages you can have?", "ASK187: How do I get the funds to develop my properties? PLUS: How much income should I show to maximise my mortgage choices?", "ASK80: Can a Shared Ownership property be a buy-to-let? PLUS: My buyer pulled out!" and "ASK ROB & ROB EPISODE 60" from podcasts like ""Planet Money", "The Property Podcast", "The Property Podcast", "The Property Podcast" and "The Property Podcast"" and more!
Episodes (6)
ASK195: How can I cut down the amount of time I have to save up for? PLUS: Is there a limit to how many mortgages you can have?
This week on Ask Rob & Rob we’ve got two great questions that we’re pretty sure most investors will want to know the answers to. Especially if you’re just starting out or trying to grow your portfolio.
Our first question this week comes in from Ian who’s been a Hubber for well over a year and an avid podcast listener.
He feels like he is clued up on the educational side of investing and is ready to take the plunge, but the financial side of things are holding him back.
His goal is to be able to replace his income with property through buying and refurbishing below market value properties.
At present he could realistically afford to save £1,000 per month, which is a decent amount to be putting away each month, but still means he’s roughly two years away from starting his investment journey.
So Ian is wanting to know what strategy would The Robs suggest for someone who has a low amount of capital to start off with, and are there any ways of raising the finances other than a traditional mortgage lender?
What advice can The Robs offer Ian to bring that start date that little bit further? Have a listen to find out.
The second question comes in from Justin who has just exchanged on his fourth buy to let property - congrats!
Two of his properties are in his personal name and the others through a limited company.
Justin has ambitious plans for the next few years in growing his portfolio and now he’s wondering if there are a limited number of mortgages that an individual can get?
Are there issues and more hoops to jump through for accessing mortgages with the more mortgaged properties you have and the bigger your portfolio gets?
It’s good news for Justin, there are no limits to how many mortgages you can have. Hooray!
But there are some certain criteria that any investor should have a look into before applying for another mortgage.
Tune in as Rob D explains all.
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.
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ASK187: How do I get the funds to develop my properties? PLUS: How much income should I show to maximise my mortgage choices?
On this week’s Ask Rob & Rob, Dave Cookson is back to answer more mortgage related questions.
Mortgage broker Dave has appeared on The Property Podcast numerous times and most recently busted some of the most common mortgage myths in conjunction with the launch of Property Hub Mortgages.
And today he’s back to answer your mortgage related questions.
The first question is from Rob (yes, another Rob!), who has two properties in his portfolio - both are based in London and have development potential. He’s pretty confident that if he does these improvements, both the rental and resale value will increase.
But how does he raise the initial funds to crack on with his plans?
Both of his properties are on a standard 75% LTV mortgage and the lenders are not allowing any further advance. Does Dave know of anything Rob can do?
The next question comes in from Hannah.
Hannah runs her own business and has the choice of how much income to take in the form of dividends, whilst leaving the rest in the business to avoid paying more tax.
She owns her home outright so doesn’t have many outgoings. But she’s heard somewhere that lenders want to see a minimum amount of personal income.
With this in mind, Hannah wants to know how much she needs to start paying herself from her business to maximise her mortgage options? She’s also been told that lenders don’t count rental income as personal income.
Is this True? Tune in to find out what Dave has to say...
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.
ASK80: Can a Shared Ownership property be a buy-to-let? PLUS: My buyer pulled out!
It's time for another couple of questions in this week's edition of 'Ask Rob & Rob'. This week's questions come from Trevor & Andy who...
...ask Rob & Rob...Can a Shared Ownership property be a buy-to-let? PLUS: My buyer pulled out!
The Robs give their take on these topics. What do you think? Head over to the forum to discuss.
ASK YOUR OWN QUESTION TO ROB & ROB!
Don't be shy! All you need to do is leave a message with your name and whatever's on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
NEED MORE ANSWERS?
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we'll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don't hang around - there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.A
See omnystudio.com/listener for privacy information.
ASK ROB & ROB EPISODE 60
Ahmed & Drew - My tenant has left me, what should I do? PLUS: Using crowdfunding to buy property...
Hear what Rob & Rob have to say in this weeks episode.
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TPP175: Alternative ways to finance a property investment
This week it's all about the money, as we explore alternative ways to raise funds for your property investments.
We explore the pros and cons of using:
- Credit cards (!)
- Bridging finance
- Private finance
- Joint ventures
- Second charge loans
Each funding source we discuss could be (and most will be) a separate episode in itself – but in this value-packed episode we give you a quick run-through of the different strategies you might want to have in your kit, and how to decide which is the right tool for the job.
Resource of the week
You've probably rhetorically asked yourself, "where did today go?" – but with Toggl, you can actually look back and check.
It's a time-tracking tool (that integrates nicely with Chrome) that makes it easy to monitor the amount of time you spend on different tasks and projects. It involves some manual work and discipline, but the act of being mindful of your time can be beneficial in itself – and Toggl gives you reports that you can dig into to review your biggest time-sucks.
Certainly this won't be for everyone – but if you feel like you'd benefit from the insight of knowing how you spend your days, Toggl is a great (and free) way of doing it.
News this week
As reported in The Telegraph, six commercial property funds have suspended trading – basically meaning that investors aren't allowed to take their money out.
We discuss the nature of different types of funds, and what (if anything) this news tells us about the future of commercial property.
Join the conversation
Which of the financing methods we mentioned have you made use of?
Are there any others that we didn't think of?
We’d love to know, so join the discussion in The Property Hub!
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