ASK346: Should I buy a cheap student property? PLUS: How much should I reinvest?

It’s that time of the week – Rob & Rob are back answering your questions! 

And kicking us off this time is Kevin. 

Kevin is finally ready to purchase his first buy-to-let and he’s keen to get stuck in, but he was a little disheartened when he saw how much tax would be cutting into his profits, so he’s been reconsidering his strategy. 

As a result of his calculations, he’s had to rejig the scope of where he was looking for property and he’s noticed some super cheap student lets in the North West. 

He wants to know if student lets are a good route for a beginner like himself or should the alarm bells be going off? 

Next up, we’ve got a question about profits from Alex down in Somerset. 

Alex has been listening to the podcast for around a year now, and he’s saved up a pot of profits from his buy-to-let. But before he starts dreaming about all the holidays, he wants to know how Rob & Rob would split their profits? 

Is there a recommended way to split profit? Or is there a particular amount he should be putting aside to reinvest, pay off capital and for general maintenance?  

Tune in to find out what advice Rob & Rob have got this week. 

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.  

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