The Property Podcast

This week on Ask Rob & Rob we’re talking about buy-to-let mortgages with no income and whether Cardiff is a good investment hotspot.  So, our first question this week is from Michelle.  Michelle and her partner now have the money to invest in property and they think that now or January 2021 is the perfect time to purchase their first buy-to-let property. They’re not currently married and at the moment Michelle is a stay at home mum, but she does have a professional background.  She doesn’t have a mortgage in her name, so therefore thinks it makes sense to put the investment property in her name to avoid stamp duty costs. Her partner is also a 40% tax payer so it also makes sense for the rental income to come through Michelle.  But what Michelle now wants to know is, how can she get a mortgage without an income? Is it even possible? The second question this week has come in from Alex. He currently lives and invests in Cardiff as he believes it has all the fundamentals.  Alex has noticed that Rob & Rob h

What is delayed gratification?  Back in the 1970’s a psychologist named Walter Mischel performed an experiment on children to monitor their behaviour.  He placed a marshmallow in front of them and told them if they didn’t eat that marshmallow by the time he came back in the room, they could have two.  You may have seen something similar doing the rounds on social media with parents trying a temptation test on their children.  The idea behind the experiment was to see if the children could resist having something pretty good right now, to gain something even better in the future.  That’s delayed gratification.  Here’s what to expect on this week’s property podcast episode  Believe it or not, delayed gratification plays a part in investing today. It means having money now, and not spending it so your life can be better in the future.  So in this week’s episode The Robs are going to share some real life examples of why it can be damaging not to delay gratification, and are also sharing their thoughts on

Welcome back to another episode of Ask Rob & Rob. First up this week is Matt from York. He’s a long-term listener and has finally got in touch to ask a question around stamp duty. Matt has a couple of houses that are currently under his personal name. So he’s wondering if now would be the ideal time to move those properties into a limited company?  The reason for this is that stamp duty is currently at its lowest and he’s wondering if it will be beneficial to move his properties into a limited company. Our second caller this week is someone we’ve called Samuel.  Unfortunately Samuel invested a lot of cash into his property education and has found that he’s not getting much more from that than what he’s getting for free from Property Hub.  After looking into the hotspots that we recommend, he’s wanting to know why Rob & Rob have never recommended Huddersfield as a place to invest?  There’s a university, the prices are pretty good and with the current market, he’s wondering if The Robs think now might b

Solicitors. Can’t work with them, can’t work without them Believe it or not, solicitors are incredibly important to the success of your property investment journey.  So this week we thought we’d get a solicitor onto The Property Podcast to discuss what makes a great one.  You’ll also gain an insight into what actually happens during the conveyancing process and what you can do to make it go smoother. The Robs will also be discussing how you can make your investment journey a lot easier.  Here’s what to expect on this week’s property podcast episode The process of making a property purchase isn’t exactly the easiest or most glamorous of processes.  The conveyancing process can be long, frustrating, confusing and sometimes even leave you feeling like you’re going to lose out on your deal.  Solicitors quite often get a bashing in their line of work. And we’re holding our hands up, in the past we’ve said some uncomplementary things.  So this week on The Property Podcast we’ve got solicitor Afsheen Nasr w

It’s Tuesday, so naturally that means The Robs are on hand.  The first question this week comes from James from St Albans.  He’s a new listener and has been bingeing all of the past episodes.  He’s been looking at new developments in key locations and gets the impression that they’re open to offers.  So now he’s looking to find out what Rob & Rob think would be a reasonable starting point for trying to negotiate a discount. And for others wondering the same, we’ve got a handy video on negotiating a discount on a property right here. Also, some of the developments he’s been looking at have fantastic on-site amenities, which in turn means they also come with a higher service charge fee.  James is wondering if he should be concerned about these charges or if they’re generally covered by the rental income?  Our second question this week comes in from Kathy who has a question about regulated tenancies.  She’s wondering why anyone would want to buy one as she seems to think that it means you can’t get rid o

The market update is back There’s loads that’s been happening in the past month that affects both property and the economy.  Which is great for us as that means this is going to be a jam packed episode. This month on the market update, Rob & Rob are going to be delving deep into: Inflation Interest rates  Evictions Property prices Here’s what to expect on this week’s podcast episode  The government has announced that there will be no autumn budget. This is because things are constantly changing and it’s impossible to know how much they’re going to be spending.  This is actually a good thing for property investors as a few people were worried about capital gains tax.  Instead of the autumn budget, the Chancellor has announced that there will instead be the winter economy plan. This will revolve around additional support measures from the government.  The VAT cut for the hospitality and tourism sector has been extended until March - which is a positive for businesses that have been hit

Rob & Rob are back again to answer two more property questions from our lovely Hubber community. To kick-start this week we’ve got Dami. She’s a 20-year old student living in Aberdeen and due to graduate this year. She’s hoping to move out of home a year after she graduates and during this year she’s aiming to save around £15,000 - £20,000. This will be the first time she’s left home and is wondering if she should use that money to buy her own place or invest it in something else.  Dami doesn’t want to rush into anything and wants to make the right choice for her situation. But she’s also wondering if she should wait a few years until she’s a little bit older.  Is age really a factor when it comes to buying property? Next we’ve got Luke from South Wales who’s got a question about pets.  He’s about to acquire his second rental property and has already had an interested tenant reach out to him.  She currently lives next door to the property with her parents but has told Luke that she has four dogs at th

From Robert Kiyosaki to Ray Dalio No, unfortunately Ray Dalio hasn’t joined Rob & Rob on this week’s episode of The Property Podcast. That would have been epic though!  Even Rob B confessed he might not have been able to get through that interview without being starstruck and giggling the whole way through.  However, if you follow Ray Dalio on LinkedIn then you’ll have seen he’s been sharing some amazing insights via video this year. But they can be quite hard to understand and digest.  So, Rob & Rob have done the leg work for you and are about to summarise what Ray has been saying.  They’ll be talking about the US a lot, but what happens there affects the whole world. So stay tuned. Dissecting the thoughts of Ray Dalio on The Property Podcast  Economics can be an absolute minefield when you know aspects of it, but don’t completely understand it.  Thankfully it’s a topic that The Robs are incredibly passionate about and have kindly dissected Ray Dalio’s work into a more digestible version.  Here’s wh

It’s Tuesday, and that means Rob & Rob are here to answer two more fantastic property related questions. So hold onto your hats! The first caller to get in touch this week is Matt.  Matt previously bought his residential apartment as a long-term investment opportunity. The apartment is located in central London, near the Olympic Park.  There’s currently tonnes of investment going on in and around the area with two new hotels being built, BBC studios, the new VNA museums and different universities moving into the area as well.  He currently has a lodger that pays £1,000 per month which massively helps towards the bills and is helping him to save money for when he wants to move out of London.  However Matt is now concerned that with the way the future of working is going, he wouldn’t be surprised if businesses moved to smaller office spaces and we end up seeing more remote working.  He’s been doing his research into Zoopla reports and now he’s wondering if he should ride it out or get out whilst he still

Last week’s episode was epic. This week’s is even better It’s Rob & Rob’s reactions to last week’s interview with Mr Robert Kiyosaki, author of Rich Dad Poor Dad. We’ve received so many messages in the past week on what people thought of the interview and there were very much mixed opinions. So it was only right that The Robs discussed exactly what was said last week, and what they really think of some of the topics Robert Kiyosaki had very strong opinions on. If, like most of the comments we’ve had on social, you’re wondering if Rob & Rob are about to sell up and start buying gold, then you’ll want to stick around for this episode. On today’s property podcast episode If you haven’t listened to last week’s episode, we suggest you go and listen to that first. Mostly to understand why Robert Kiyosaki has caused a stir in the Property Hub community.  Before we get started, Rob & Rob still stand by the fact that Rich Dad Poor Dad is very much still relevant today. But in this episode Rob & Rob are going t

Rob & Rob are back again this week to answer two more Hubber questions. First up this week is Brad. He’s been listening to The Property Podcast for the past couple of years and has just finished university where he’s studied real estate. He’s been giving his parents a helping hand in getting started on their property investment journey, with their first purchase being in Norfolk at the beginning of the year.  They’re now at the stage where they’re looking to invest in something else, potentially a holiday let. They know there’s more work involved with a holiday let, but with more people taking staycations, they’re wondering if now is the perfect time for it.  We’ve been getting a lot of questions lately around holiday lets, so do Rob & Rob think now is the time to look at it more seriously? Our second caller this week is Michael from South Wales.  He’s been doing a lot of viewings recently as he’s on the hunt to purchase his first buy-to-let property in a limited company.  Currently he’s got six proper

It’s the property podcast episode you’ve all been waiting for. Rob & Rob’s interview with Mr Robert Kiyosaki, author of Rich Dad Poor Dad. Rich Dad Poor Dad is possibly the most famous personal finance book ever written. We know it’s been a staple educational tool for most property investors getting started on their property journey.  So when Robert Kiyosaki asked if he could come on The Property Podcast, it was a no-brainer.  Whilst Rob D was busy enjoying a day at the zoo, Rob B was busy picking Robert Kiyosaki’s brain. And he’s definitely not a guy who’s short of an opinion.   On today’s property podcast episode In this episode you’ll hear Robert’s thoughts on certain topics - some attention grabbing ones, and others that are pretty controversial.  So in next week’s episode Rob & Rob will be sharing their reactions to what’s said in today’s podcast. You won’t want to miss it! Rich Dad Poor Dad was written over 20 years ago and has proved to be a timeless book that could have been written at any po

It’s Tuesday. And that means another episode of Ask Rob & Rob.  Our first question this week comes from Michael. He’s seen that in some city centres like Liverpool for example, there are developments that are advertised as ‘investor only’ developments and he’s a bit concerned.  These are developments that offer guaranteed yields for a certain period of time, so he’s wondering what Rob & Rob think of these schemes.  Rob B tackles this question head on, and not only shares his views on these schemes, but also goes into detail about how they actually work. Our next question is from Jordan who’s got a question about lifetime ISAs.  He’s a first time buyer and he’s set up a lifetime ISA to take advantage of the government's 25% bonus scheme.  At the moment, due to coronavirus, there’s no penalty for withdrawing the money, whereas previously you would lose around 6% of the original deposit.  However he’s wanting to know if buying a property with a lifetime ISA means he loses any profit that he would make on

This week on The Property Podcast we’ve got a great episode for you. We’re talking about exit strategies.  Now you may be thinking, ‘why on earth would I want to think about getting out of property when I’m only just getting started?’.  Well, there’s actually a valid reason for thinking of the end goal and considering your options for when you’re ready to let go. So on today’s episode, Rob & Rob are going to be talking about the following: Flips They’re the most basic, but not the easiest of strategies. You buy it for X amount, spend Y doing the property up and sell it for Z. More often than not, X+Y should be less than Z.  But what if it’s not? And what if you’re doing it on bridging finance or as part of a joint venture? Then what?  Rent-to-Rent/Serviced Accommodation This is quite a popular strategy but more of a hands on one. You tend to rent for X amount, sublet it for Z amount and therefore Z should be more than X. Sometimes you won’t be able to sublet the property, then what happens? What if t

It’s Tuesday. And that means another episode of Ask Rob & Rob.  First up we have Ed who wants to ask about joint ventures.  Ed has a few properties he’s worked on using the buy, refurbish refinance strategy. They’ve gone down so well that Ed now has a few contacts looking to do joint ventures with him. They want to put in the cash while he handles the rest of the workload.  He wants advice from Rob & Rob on how to structure this from a legal point of view to protect both himself and the investor.  There are many different ways to structure a joint venture, but there are two common ones. And in this episode, Rob D runs through both of these to help you understand the two most popular ways people run their joint venture agreements. The important thing is to make sure the structure is right for all parties. The second caller this week is Pete. He’s got his first property due to complete this year. He bought it at £250,000 and it’s increased by around £30,000-40,000 already.  Pete wants to know if he can us

It’s the episode you’ve been waiting a whole month for. It’s August’s market update!  There’s so much that’s happened in August, it’s been crazy!  Normally you would expect August to be a bit of a quieter month, with people taking time off, going on holiday or just spending time with their children during the school holidays.  However, given the current circumstances, that’s not been the case at all and some certain topics that the guys are going to discuss today have been quite surprising.  Here’s what The Robs are going to be talking about on today’s episode: Property prices Evictions Mortgages Insurance Taxes The economy Plus a whole lot more just in case that wasn’t enough for you.    Not only are Rob & Rob bringing you the market update, but they’ve also been on the phone talking to none other than Robert Kiyosaki, the author of Rich Dad Poor Dad, just in case you didn’t already know. Now we’re going to be keeping all the juicy details from that conversation for next week, but Robert Kiyo

We’re back with another episode of Ask Rob & Rob and this week the guys are discussing questions on HMO’s and why they do/don’t love Birmingham. The first question we’ve got for you this week is from Martin, who after listening to the podcasts has gone on to recently purchase his first property.  It’s a 3-bed property that would rent out for around £800pcm and he has the option to renovate it and turn it into a 4-bed HMO that will bring in around £1,600pcm.  He’s now questioning whether he’d be better off appealing to a family where he won’t have to pay the bills for them, or go for the HMO market and tenant turnover, but almost doubling his income? It’s certainly a tough decision to make Next up we’ve got Jordan. Clearly due to his question he’s been a long term listener as he’s got a question based on a podcast The Robs did a few years ago.  The podcast episode was why Rob & Rob don’t show Birmingham much love so now Jordan is wondering if three years on that’s still the case and The Robs still don’t

At some point in your property journey you’re going to get people who are questioning what it is you’re doing.  People that doubt you’ll make any money from investing in property and they’ll try and put you off.  So in this week’s episode of The Property Podcast, Rob & Rob are going to discuss how you should deal with them, but more importantly, why you should encourage them.  Sounds crazy, right?  What if we told you that you should use what the doubters say as momentum to spur you on? Because that’s exactly what Rob B did himself about a decade ago.  Rob B shares a personal experience in today’s episode and it might just give you the push you need to keep going and ignore the haters.   In the news this week, ‘collapse of Airbnb popularity produces glut of long-term stock’. After speaking to Chris Ryder a few weeks ago, you wouldn’t expect to see this headline, especially now it seems the majority of the population are enjoying staycations this summer.  However research from Hamptons International ha

This week on Ask Rob & Rob the guys are still answering coronavirus related questions and helping one caller put his mind at rest on his recent investment To kick start this week, we’ve got Harsh. Along with a friend as part of a joint venture, they’ve bought their first buy-to-let property in Crewe.  However he’s now having worrying thoughts. Harsh has clearly been listening to our weekly podcasts and he knows that Crewe is an area that we’ve mentioned numerous times on the podcast and an area Property Hub Homes even built a development in.  But he’s also listened to the episode on Rob D’s investment in Nottingham and is now worried that because he only paid £75,000 for his property, it’s not going to benefit from capital appreciation. Is this a general rule of thumb? Should Harsh think about selling and investing somewhere else? Our second caller is Pedro. He’s got a question about the effects of coronavirus and the impact it’s had on people working from home. Since more people are now working from h

Get ready… because Rob & Rob are about to change your life! Seriously. Now is the prime time to be making improvements to better yourself. We’re living in strange times right now, but we can see this time as an opportunity to make dramatic differences to your life.  You can come out of the coronavirus pandemic far stronger than you went into it. Here’s what we cover in today’s episode:   Goal setting - we genuinely believe it can transform your life. Listen as Rob & Rob talk about how they use goals, both in person, and in their business. If there’s one action you take from today’s episode, let it be this one. There might be goals you’d set now, that would have been completely different to what you may have set at the start of the year because so much change has been forced on us. Here’s the episode Rob D refers to when talking about property megatrends. You can take the goal setting course right here for free too.    Creating habits - habits are the things you can do every day to get you that one