real estate transactions

Rob & Rob are back with the latest round of listener questions, and strap in because this week we’ve got some good ones! 

• (0:43) Jackie bought an off-plan property with an up-front 50% deposit. She was recently due to complete, but the developer isn’t allowing the surveyor access to the property, so her lender won’t release the mortgage funds. Jackie’s hoping Rob & Rob can shed some light on what she can do to ensure she completes and gains access to her property. 
• (4:42) Tom’s is looking to remortgage and he’s hoping Rob & Rob can explain what ICR (interest cover ratio) actually is? 

Links mentioned 

• Course: Everything you need to win big at off-plan property 

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In 1989, Helen Ackley decided to sell her old Victorian house in Nyack, New York. It didn’t go as planned. The house became the center of a case that’s referred to as “The Ghostbusters ruling.” This episode was originally released in 2020. Say hello on Twitter, Facebook and Instagram. Sign up for our occasional newsletter, The Accomplice. Follow the show and review us on Apple Podcasts: iTunes.com/CriminalShow. Criminal is going back on tour in February! We’ll be telling brand new stories, live on stage. You can even get meet and greet tickets to come and say hi before the show. Tickets are on sale now at thisiscriminal.com/live. We can’t wait to see you there! Sign up for Criminal Plus to get behind-the-scenes bonus episodes of Criminal, ad-free listening of all of our shows, members-only merch, and more. Learn more and sign up here. Listen back through our archives at youtube.com/criminalpodcast. We also make This is Love and Phoebe Reads a Mystery. Artwork by Julienne Alexander. Check out our online shop. Episode transcripts are posted on our website. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Closing off-market deals is one of the best ways to start stacking your real estate portfolio, especially while the housing market is so hot. But, off-market deals often require cold-calling, which is something that makes many investors’ blood run cold. So, how do you talk to a seller in the most confident, comfortable, and competent way? You start by asking the five questions Pace Morby, master of off-market deal-finding and creative financing, has laid out. These five questions were developed over years of cold calling and door knocking. They were specifically designed to walk a seller through a transaction, making them as comfortable as possible, allowing them to bring up their own limitations, and giving you the space to close if the deal fits. This is not your typical “call the seller and give them a cash offer” piece of advice. These questions run far, far deeper than that. If you’ve wanted to try flipping, wholesaling, or even just off-market deal finding, this may be the perfect episode to listen to, as a veteran investor lays out the exact questions he used to close on 500+ off-market deals. In This Episode We Cover: Why every seller has their own “bunnies” and what you can do to find them Asking questions that allow sellers to illuminate silent partners in the deal Why you should NEVER tell sellers what is wrong with their property Helping a seller create a story and allowing your offer to fuel it Pulling out missing information when initially interviewing a seller Going in for the close without becoming a pushy salesperson And So Much More! Links from the Show BiggerPockets Youtube Channel Triple Digit Flip on A&E BiggerPockets Podcast 527: 300 Doors, 100% Creative Financing with Pace Morby Brandon Turner’s Instagram Pace Morby Interviews Jerry Norton On How He'd Get His First Deal Click here to check the full show notes: https://www.biggerpockets.com/show528   Learn more about your ad choices. Visit megaphone.fm/adchoices

Ask Rob & Rob is back for the New Year and they’re kicking 2021 off with a bang!

First up this week we’ve got Claudine. She’s previously bought two buy-to-let properties through Property Hub Invest, however her question today is in relation to her family home. 

Her family is growing and she has a second baby on the way, so she’s looking to purchase a bigger family home. 

They had agreed a price of £975,000, however a mortgage valuation came back at £835,000 which she thinks is a huge drop in price - she certainly wasn’t expecting it to be down-valued by so much. 

Next up we’ve got Stan who’s got a question regarding Radon. 

He’s just had a search back for a property he’s been looking at and it shows that they’re at an intermediate risk level for Radon. 

Stan is planning on purchasing the property with cash and remortgaging further down the line. But he’s wondering if this Radon issue will affect him being able to remortgage? 

Have Rob & Rob ever come across these issues before and can help Stan?

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.

Rob & Rob are back again with another Friday market update for you. 

Although at the beginning of the week Rob & Rob weren’t feeling too positive after Boris’ announcement on Sunday, by Wednesday their moods had certainly lifted as the property market turned up the gas and got going again.

Even better news, surveyors are now starting to be un-furloughed which is a huge boost for the property market and means property processes that had been put on hold can get moving again. 

House viewings are also starting to pick back up! Of course, this doesn’t come without some precautions being put into place and there will be some restrictions. Plus everything won’t go back to ‘normal’ straight away but it’s certainly a step in the right direction.

And that’s not just Rob & Rob being positive about a bad situation, there’s actually data to prove that we’re moving forward so you’ll have to tune in to find out what that data is.

Enjoy - and we’ll be back next week!

 

We’d love to hear what you think of our new market updates over on Facebook, Twitter or Instagram. You might even have a question 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 have got a stamp duty special! We know, we’re just too good to you! 

Our first caller with his stamp duty related question is Medassa. He’s in the process of buying two blocks of flats with a business partner which are blocks of six and five individually let apartments. 

He’s wondering how multiple dwelling relief works. To his understanding, you can split the stamp duty costs amongst each individual apartment which will reduce the stamp duty costs. 

But is he right? 

The second question this week comes from Stan. He’s obviously been busy listening to the podcast which has sparked up his own question. 

Like a previous listener, he wasn’t aware that if you kept hold of a residential property and bought a new one to live in, that further down the line you could claim back the higher amount of stamp duty that you would have paid. 

So now Stan is wondering just what exactly is this time frame and has he missed the boat to make a claim? 

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.

In this episode we're going to speak to our very own Rob D in the capacity of 'guest expert'  and we're going to look in depth at bridging finance...

Rob D has been focusing a lot of his investment around bridging loans rather than purchases recently, and he tells us why this has worked for him. He even started his own bridging finance company LendSwift to formalise his involvement in this sector. 

In this episode Rob & Rob explain the basics of how bridging works, when it is a good idea, and when it's to be avoided.

The Robs also discuss when you can use bridging to buy properties that you can't ordinarily raise a mortgage for, and crucially give you their golden rules of bridging.

Go to lendswift.co.uk/borrow to check out the calculators to see how much you can borrow and what it would cost. Don’t use us without shopping around, but use the tool to increase your knowledge.

Yellow Lettings are looking for a London Rep

We're responding to the demand to expand Yellow in to the London area and we're looking for an amazing candidate to join us, working 25 hours a week as a rep dealing with our landlords and their tenants on a regular basis. Does this sound just what you're looking for? You can find all the details right here.

It's Meetup night tonight!

Have you got your free ticket for your local Meetup? Rob D will be in Stratford (East London) and Rob B will be in Richmond, so if you're heading to either of these locations be sure to say hi.

The north/south house price divide to narrow

We promise not to keep making a habit of saying 'we told you so' but the final figures are in for 2016 and Manchester grew by almost 9% last year, with London coming in at 7.3% growth. You can read all about it here. 

Resource of the week

This week's resource is courtesy of Rob B and it's a book - Zero to One. A fascinating read from one of the Paypal founders, billionaire Peter Thiel.

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We're making big efforts to become more social this year, and we'd love you to join in the fun.

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