manchester real estate

It’s Tuesday and that means one thing... The Robs are back to answer your property questions. 

Kicking us off this week is Tom. 

Tom has two HMO student lets in Cornwall that he invested in personally. They both earn around £1,800pcm.  

He bought the properties five and 10 years ago and while capital appreciation has been pretty decent, he’s never released any equity from them. 

He’s saved around £80,000 and is looking to invest in another student HMO in the same location, but this time using a limited company, rather than in his personal name.  

Tom can get a 4-5 bed property for around £280,000 and his rental income would be around £2,000pcm, with mortgage costs of around £600 per month. 

He likes the hands-on side to his strategy and wants to keep at it but he’s wanting to know if it’s a risky option, tying up all his money in one location when properties further north are more affordable.  

Our next caller this week is Rachel. 

Rachel is looking to invest in South Manchester, around the Wythenshawe area, which is close to the hospital and airport, in an ex-council property and use the serviced accommodation strategy. 

She’s wanting to know if The Robs think this is a good idea and if they’d recommend investing in an ex-council property. 

Tune in to find out what they 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.

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This week on The Property Podcast, Rob & Rob are giving you lessons to determine whether you should be sticking with a deal or walking away from it.

So, how are they going to do that? Well, they’re going to give you insight to five deals they’ve turned down already this year. 

Most property investment deals Rob & Rob look at always look great on the surface (and are potentially ones we’d put forward to our Property Hub Invest clients). But after doing thorough due diligence, they discover issues. Issues that completely block the deal and they end up walking away.

The Robs have touched on the many reasons why they’d walk away from a deal in the past, which you can listen to here. But today they’re giving you real examples of why they’ve turned down these deals so far in 2020.  

We’ve also got a super positive news story for you this week. ‘Virgin Money relaunches BTL deals up to 80% LTV’ which is amazing to see right now, because not only are Virgin Money confident in bringing their products back to the market, they’re now allowing 80% mortgage products for investors, which is usually unheard of.

It just goes to show that Virgin Money is positive about the property market and the way it’s moving forward. 

And this week’s Hub Extra is a resource that can help you and your business no matter whether you work from home or in an office. It’s an app called Krisp and it’s a piece of software that detects and silences any background noise. 

It’s great if you work in a noisy office or if you work remotely and are working from a busy cafe. Or even if you work from home and you’ve got a builder in, all that noise will be cancelled out and no one will know otherwise.

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.

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It's time for another couple of questions in this week’s edition of ‘Ask Rob & Rob’, Ash from Yorkshire…

...asks Rob & Rob... Should I invest in a house or flat? PLUS Where to invest in Manchester?

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 8 places available at each!

Interested? Click here to find out more.

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