The Property Podcast
ASK214: How can I overcome a lack of comparables? PLUS: Are developments that have lost value a good buying opportunity?
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:08:50
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Sinopsis
This week on Ask Rob & Rob, the guys are back again with two different questions that they’ve not covered previously. They’ll be talking about what to do in the event of there being a lack of comparables discussing if properties that have lost value are worth investing in now. Our first caller today is Paul from Burnley. At the beginning of the year Paul purchased his first buy-to-let property and now he’s hoping to soon complete on property number six! That’s pretty good going for less than 12 month’s work! Paul’s strategy is buy-refurbish-refinance with a difference - he focuses on bungalows. So not your usual property choice, but clearly it’s working for him. However he’s now ran into a bit of an issue. Because it’s such a niche strategy, he’s having difficulties when it comes to searching for comparables in order to remortgage the properties. Obviously Paul’s end game is to have made as much profit as possible on the properties, so he’s wondering what he can do to prepare that information when th