ASK255: I’m 20 – am I too young to invest in property? PLUS: Should I rent to a tenant with 5 dogs?

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 the moment and is about to gain a fifth. 

Normally Luke doesn’t allow pets in his properties. However this potential tenant seems like they could be a long term tenant and has even said they’d be happy to pay more rent because of the dogs. 

So, what do Rob & Rob think Luke should do? 

Tune in to find out.

 

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