ASK250: To HMO or not to HMO? PLUS: What's wrong with Birmingham?

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 love Birmingham.

To him it seems like a good choice as from what he can see the fundamentals are there, but he’s wondering if he’s missing something. 

Tune in to find out if Rob & Rob have a new found love for Birmingham or if they’d still keep away.

 

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The next question on Ask Rob & Rob could be yours. 

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