refurbishment

If you’ve listened to episodes one and two, you’ve hopefully figured out where you are now and you’ve got your goals all figured out – but what next?  

Join us for the third part of this series, as Rob & Rob help you set your winning strategy for 2024… 

• (1:07) Which property strategy is right for you?  
• (1:51) Property flips 
• (3:50) HMO’S (house in multiple occupation) 
• (5:22) Student lets 
• (6:44) Buy-to-let 
• (8:39) Short-term lets 

Links mentioned: 

• Property Hub Invest 
• Which property strategy is right for you? 
• How to create a property strategy, Part 1 
• How to create a property strategy, part 2 
• How to create a property strategy, part 3 

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• Leave us a review on Apple Podcasts - it really helps others find us! 
• Sign up for our free weekly newsletter, Property Pulse 

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Ask Rob & Rob is back for another week to answer all your burning property investment related questions. 

First up this week we have Charlie. Charlie is based in Manchester and wants to know how important parking is. He almost invested in a 2-bed apartment with his sister but pulled out due to the owner selling the parking separately. 

Did they do the right thing by walking away? 

Is this a yes or no answer, or are Rob & Rob right down the middle with this one? One thing is for sure… Rob B dishes out some really valuable advice today, and gives listeners some tips on how they can make a yes or no decision on a property like this. 

The second question today comes someone who didn’t leave their name, but they’re wanting to know about adding procurement costs after refurbishing a property. 

Today’s listener is using the example of purchasing a property for £80,000, and spending £10,000 on refurbishment. Can he add another £5,000 towards procurement? In other words, can he remortgage for £95,000 to allow funds for  stamp duty and conveyancing? 

Is this possible or will he hit a roadblock?

Rob D is looking at this example from a different perspective rather than what’s actually been spent on what. Have a listen and find out exactly how much our listener will be able to remortgage for - and the answer might just surprise you. 

Don’t forget to tune in next week for another two questions on Ask Rob & Rob.

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 is the end! Well… it’s the end of Strategy September at least. And we have a great one to finish off on, because today we’re covering the refurb property strategy.

And to help us, we’re welcoming Ian back to the Property Podcast. 

Ian’s no stranger to our shows; he’s been on the podcast twice before and he has years of experience with building and construction, not to mention the fact that he’s a property developer and investor himself - so what better episode to have him share his practical knowledge and experience...

Today you’ll learn:

• What a refurb actually is
• The varying types of refurbs
• The advantages of a refurb strategy
• How you can add value to a refurb
• The disadvantages of a refurb 
• How to keep your budget in check

So there you have it - everything you need to know about the refurb strategy; made even better by Ian sharing some words of wisdom with us.

Have a listen and let us know if the refurb strategy is for you.  

Now, if you've followed Strategy September, hopefully you’ve found the right property strategy for you. We’ve covered:

• Buy-to-let
• HMO
• Flips

But if you haven't found the right one, don’t fear. We’ve got you!

You can book a free goals call with one of our team by clicking here. Our team can help you get clear on your goals, identify what property strategy is likely to be right for you and more importantly, help you discover how you can get started and hit the ground running. And we’ll say it again…. It’s completely free. 

Hit this link and pick your date and time.

And in the news this week, we’ve got another political story. Now don’t all shut down your computers at once, because it’s actually a pretty positive one. It’s a press release from the government: PM renews drive to give more power to Northern regions. 

Typically for the government, there’s not a lot of detail here, but there are a few pleasing aspects of the release - particularly for Scotland. There’s a fair few things in here that have made Rob B smile, so listen to hear what he thinks of this latest update. 

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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Welcome to this week’s Ask Rob & Rob.

First up with a property question is Mark. He has a HMO in Southampton which is mortgage free and has been self managed for over 20 years.

Mark has now moved north but finds the travelling and cost of upkeep is just too much. He wants to sell the property and reinvest the funds somewhere closer to home, however he’s hit a few snags.

He’s failed at getting planning permission to alter the property in the hope it would add value, and he’s also considered selling the HMO to both investors and property developers which hasn’t been plain sailing.

The developers say the rental income wouldn’t make the money back if they were to rebuild. And unfortunately Mark doesn’t have enough capital to see through a void period whilst he refurbishes the property himself. Remortgaging isn’t an option either. So, what should he do?

The Robs have some advice for Mark which covers everything from pricing, refurbishing and also the possibility of an assisted sale. If you’re not aware of how an assisted sale works, tap the play button to find out.

Callum has also called on the Robs this week.

Callum is 21, from Nottingham and has been avidly saving for his first investment property. He’s been reading, watching and listening to every resource he can find and wants to know whether it would be better for him to learn the trades or go in to project management.

Again, from people who have been there, done it and bought the t-shirt, the Robs talk Callum through ways he can get the most value from learning and how they’d approach things if they were in his position.

Would the Robs grab a paintbrush or plastering trowel? Or would they leave it to the professionals?

There’s also a good few resources shared this week on how Callum can get started - so make sure you tune into this week’s Ask Rob & Rob.

Would you like to feature on the next Ask Rob & Rob? If you have a property related question, simply call 013 808 00035 and leave 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.

Do you love property and are keen to connect with likeminded people? Head over and join the conversation over in the Property Hub forum. Our active Hubbers are talking property on a daily basis - from breaking news to sharing hints, tips and some very interesting progress journeys. Pop over and introduce yourself today.

See omnystudio.com/listener for privacy information.