property_research

We’re back after a long weekend with two more fantastic questions from our listeners. This week we’re answering questions on one of our favourite cities - Manchester -  as well as trying to avoid stamp duty.

First up, we’ve got another Rob! There’s just no escaping them.

Rob is new to property investment and after securing two properties in London where he lives, he’s looking to start his property journey up north. 

After he listened to Boris Johnson’s speech, the growth potential of Manchester and the Greater Manchester area really excites him, but he’s wondering if the market is now saturated or if the long term potential is here to stay? 

He’s also wondering how familiar he needs to be with the area before he considers investing? 

If you’ve listened to The Property Podcast for a while, you’ll know how much The Robs love talking about Manchester and could spend hours giving Rob advice on investing in the area. 

But they won’t keep you all day, they’re just dishing out the top tips on how to go about investing in property in Manchester. 

Next we’ve got Tim. He’s got a couple of properties already, one being serviced accommodation and the other a standard buy-to-let. He’s just retired and is looking to make property his full time income to make himself financially free.

He’s been listening to a number of podcasts and webinars, one of which has said that he can avoid paying stamp duty if his property is being used as serviced accommodation. 

So is it true or not? 

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.

On today’s Property Podcast, Rob D is looking at how you research a buy-to-let property investment in a brand new city.  

Rob & Rob have talked extensively about the joys of investing in cities, but what should you do if you don’t know any of them that well and you don’t live close to them? That’s exactly what Rob D is covering today, and he’s using a real life guinea pig (and by that, we mean Dan), to explain how he approached being in this exact situation.

If you’re an avid Property Podcast listener, you’ll know that The Robs covered their 2019 property investment hotspots earlier this year, and off-air were hit with questions from Dan whilst he was doing his research.

Dan had been looking at a city that’s brand new to him, and today he shares his journey and the process he went through to understand what the city offered and whether it would help him meet his buy-to-let property investment goals.

He’s got Nottingham and Manchester boxed off already, and is happy with the steady cash flow his investments bring in. But now he’s ready to switch strategy and is looking at properties for growth… and he’s decided that Sheffield is on his hit list!

What research did Dan do? What type of properties did he look at? And what made him throw certain properties in the junk pile?

Today you’ll get to know his first impression of Sheffield as a complete outsider, what he thought of the properties he saw and the tactics he used to get to know the area and the local community.

You’ll also hear how he stayed sane, tried to avoid ‘property blur’ and built a great rapport with the agent on the 16 viewings he booked!

To paint the full picture, you can see links to a few of the properties Dan was looking at in Sheffield below:

 

• Property 1 - which has a sitting tenant
• Property 2
• Or there’s this one which is slightly more high-end
• Then there’s this one in Manchester

 

Listen as Dan and Rob D have a chat about Dan’s Manchester vs. Sheffield dilemma, and see what you can take away from Dan’s experience of investigating a brand new city to invest in buy-to-let property.

In the news this week, you’ll have noticed a huge story! No-fault evictions are to be banned in England. This is a big change and effectively an abolition of the Section 21 procedure.  

It’s not an enormous shock but it has come a bit out of the blue in terms of timing. So what should you do? It’s just a proposal right now so there’s a lot of time to adjust and plan. If you fancy a deeper delve into what Rob D thinks of this, you can hear more on this week’s Ask Rob & Rob where they covered what the Section 21 ban would mean for landlords.

And we’re back with another Hub Extra resource. This week we have Workona - a tool if you’re one of those people who have multiple browser tabs open! It’s an extension for Chrome and is completely free - it allows you to arrange your tabs into different workspaces, so you could have one for personal, one for location research and one for official work duties. If you dive into one group, it hides all the others - a seriously great piece of kit to help you stay organised.

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.

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 for another jam-packed Property Podcast with Rob & Rob and more importantly, we’re reviewing listener property investment deals… again!

Before we dive in, we have this week’s news story which is complete with fancy graphs, courtesy of the BBC. This shows the cost of renting in the UK in seven charts.

While most of the charts state the obvious, there are some interesting findings which buy to let property investors will find particularly useful, and of course Rob & Rob delve into these facts on the podcast and share their opinions on the newly unveiled data.

But before we get into our main topic of listener property deals, we’re letting you into a secret happening on the 26th November - mark this in your diary now!

Rob & Rob are going live and will be sharing details on where they’re both personally looking to invest in 2019; not just for buy to let property, but also from a property development perspective too.

The Robs are always inundated with questions on their personal approaches to property investment and this is a chance for you to hear first-hand what they plan on doing in 2019 and where.

It also gives you the opportunity to get ahead of the game and to do some research ahead of next year to see which locations are likely to outperform others.

The webinar is FREE, so click this link to reserve your spot.

The main event this week is a round 2 of listener deals. These 3 deals have been selected for Rob & Rob to review live on the podcast so sit back, hit play and hear their thoughts as they review each deal live on air.

Deal 1 - click here to view

This first property investment deal has come from Neil and is located in Rob B’s hometown of Liverpool.

The purchase has already been agreed at £76,000 and Neil thinks this will rent at around £550 per month. However, he’s concerned about the amount of money it would cost to bring this property up to a rental standard. He’s also questioning the capital growth potential in this area too.

Would this be a deal Rob & Rob would fight over? Or would the interesting choice of carpet send them running for this hills? And would Rob B tip this location for significant capital growth? Listen to find out.

Deal 2 - click here to view

The second deal has come from Darren, is located near Milton Keynes and is a beautiful 5-bedroom detached property with a decent price tag at £700,000.

This isn’t the type of property Rob & Rob usually see buy to let investors looking at, but Darren has a plan. He wants to purchase the property and split the plot (just take a look at the huge garden!). He wants to improve/refurbish the house for around £50,000 and sell it for £650,000.

It might sound like he’s making a loss, however he’ll have gained a nice little plot of 0.2 acres for £100,000 in an area where land is extremely rare. He could also fit another similar 5-bedroom property on the plot which could fetch up to £800,000!

Is this a viable plan or just plain crazy?

Deal 3 - click here to view

Our third listener property deal is from Sam and is in Leeds city centre. The purchase price of this buy to let property is £94,000 and it’s currently tenanted, achieving a rental income of £615 per month - a very decent return on investment.

Rob B knows this area well and has some slight concerns with studio apartments, so tune in to find out why this is this case. Would Rob & Rob invest or are they on the fence with this one?

Tune into this week’s podcast to find out.

Hub Extra: We’re giving you a great resource this week and it’s a perfect match for this podcast episode.

Property Log is an extension for Chrome and is a fantastic tool, (past lovers of Property Bee take note!) giving you all the price changes on the particular property you’re interested in.

Click here to download - you won’t regret it. Listen and find out how Rob D uses this in practice to help with price negotiations.

If you love discovering new resources on everything property related, make sure you’re signed up to Hub Extra; the most valuable email that’ll hit your inbox each week. Get over to The Property Hub website to sign up for FREE!

Get involved:

You can reach us over on Facebook, Twitter or Instagram. Let us know what you think about this week’s property podcast or let us know about any future topics you’d like us to cover.

You can also join our friendly property community on the Property Hub forum. It’s full of like minded people chatting all things property related.

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See omnystudio.com/listener for privacy information.