ASK469: How do I start when I have cash but no job? PLUS: How can I know if this company is legit?
Mar 25, 2025
auto_awesome
A listener seeks advice on flipping properties with a £150K investment while facing employment barriers due to a disability. The hosts offer strategies on navigating cash purchases and emphasize the need for experienced mortgage guidance. Another inquiry revolves around investing in HMOs remotely, raising concerns about the legitimacy of sourcing agents. The discussion highlights essential due diligence practices for ensuring safe investments, balancing comfort against potential risks.
08:50
AI Summary
AI Chapters
Episode notes
auto_awesome
Podcast summary created with Snipd AI
Quick takeaways
Investing cash in real estate without traditional mortgages can be effective, but exploring market locations is essential for success.
Conducting thorough due diligence on sourcing agents for remote HMO investments is crucial to ensure their legitimacy and expertise.
Deep dives
Strategies for Property Investment with Limited Resources
Investing in real estate with limited resources can be challenging, especially for those unable to leverage traditional mortgage options. A viable strategy includes purchasing properties outright with cash, which can be possible depending on the market location. For individuals in difficult financial situations, considering part-time online work or including a partner's income on a mortgage application can help improve their financial standing. Engaging with a knowledgeable mortgage broker is recommended, as they can provide updated information on available mortgage products and market opportunities, which may change over time.
Evaluating HMO Sourcing Agents for Remote Investment
When investing in Houses in Multiple Occupation (HMOs) from a distance, it is crucial to thoroughly evaluate sourcing agents to ensure legitimacy and expertise. Potential investors should conduct extensive due diligence by checking the agents' registration with property regulatory bodies and reviewing their company history through public records. Additionally, examining past deals and financial outcomes, along with meeting the agents in person, can provide deeper insights into their credibility and capabilities. Considering a hybrid approach by partnering with a local representative can also be beneficial for managing remote investments effectively.
It’s that time again! Let’s get into this week’s Ask Rob & Rob with two new great listener queries…
(0:40) With a background in construction and £150K to invest, Rhys and his girlfriend are diving into flipping properties with the goal to build a rental portfolio. But with Rhys unable to work due to a disability, securing mortgages is a challenge, so he turns to Rob & Rob for advice on their strategy.
(4:00) Alex wants to invest in HMOs in the North while living in the South, but with so many sourcing agents out there and wary of working with one remotely, he asks the guys what due diligence he should do to ensure they’re legitimate.
Enjoy the show?
Leave us a review on Apple Podcasts - it really helps others find us!