The Property Podcast 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
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.
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Cash Purchase vs. Mortgage
- Rhys can buy properties cash, given his savings and inheritance.
- He should explore part-time online work or add his partner to a mortgage application.
Seek Mortgage Broker Advice
- Consult an experienced mortgage broker to explore all available options.
- Mortgage products change frequently, so check back regularly for new opportunities.
Due Diligence on Sourcing Agents
- Research potential sourcing agents thoroughly, including their company history and credentials.
- Ask for case studies and verify information independently.