The Property Podcast

It’s the property podcast episode you’ve all been waiting for. Rob & Rob’s interview with Mr Robert Kiyosaki, author of Rich Dad Poor Dad. Rich Dad Poor Dad is possibly the most famous personal finance book ever written. We know it’s been a staple educational tool for most property investors getting started on their property journey.  So when Robert Kiyosaki asked if he could come on The Property Podcast, it was a no-brainer.  Whilst Rob D was busy enjoying a day at the zoo, Rob B was busy picking Robert Kiyosaki’s brain. And he’s definitely not a guy who’s short of an opinion.   On today’s property podcast episode In this episode you’ll hear Robert’s thoughts on certain topics - some attention grabbing ones, and others that are pretty controversial.  So in next week’s episode Rob & Rob will be sharing their reactions to what’s said in today’s podcast. You won’t want to miss it! Rich Dad Poor Dad was written over 20 years ago and has proved to be a timeless book that could have been written at any point during that time frame.  One of the questions Rob B wants to know the answer to is…. if Robert now thinks differently about anything he wrote back then, and is there anything he would change now? We’re not going to spoil the whole show for you as it’s truly a fantastic episode and one that you should definitely listen to.  It’s not every week we have property royalty on the show.   This week’s news In the news this week, ‘lenders pile into the ‘Airbnb mortgage’ market as staycation boom continues’. Most people across the country have opted for a staycation this year to avoid quarantine measures for going abroad. This has both been great for the local economy but also property investors who were severely struggling over the lockdown period. Now business is thriving again.  Previously, there have never been that many mortgage products available for holiday lets, as you need a certain specific mortgage which is completely different to a buy-to-let mortgage.  However things seem to be changing. Lenders have noticed an increase in demand for holiday let mortgages and have now jumped on the bandwagon.  So if it seems that if you were planning on going for the holiday let strategy, now is the time to do so.   Hub Extra Now you might not be surprised that this week for Hub Extra we’re recommending the book, Rich Dad Poor Dad.  Because if you haven’t read it already then you definitely need to! Even if you’re not yet ready to start investing, there’s a lot that you can learn from it regarding personal finance.  We’re also recommending that you give this podcast episode a listen where Rob & Rob re-read the book and go over the five things that they still agree with, but also the five things they don’t agree with.  If you want to read the book then maybe do that first before listening to the podcast episode so you can come to your own thoughts on it before listening to The Robs.    The Property Hub Magazine Don’t forget, if you’re wanting to subscribe to the Property Hub Magazine, we’re currently running our special offer!  So if you sign up before midnight on Monday using the code ‘SPECIALOFFER’ you’ll not only be registered in time to receive the last magazine of the year (crazy!) but you’ll also receive the current issue for FREE!  Click here if you’d like to get subscribed now. You won’t regret it.   Let’s get social We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.See omnystudio.com/listener for privacy information.

It’s Tuesday. And that means another episode of Ask Rob & Rob.  Our first question this week comes from Michael. He’s seen that in some city centres like Liverpool for example, there are developments that are advertised as ‘investor only’ developments and he’s a bit concerned.  These are developments that offer guaranteed yields for a certain period of time, so he’s wondering what Rob & Rob think of these schemes.  Rob B tackles this question head on, and not only shares his views on these schemes, but also goes into detail about how they actually work. Our next question is from Jordan who’s got a question about lifetime ISAs.  He’s a first time buyer and he’s set up a lifetime ISA to take advantage of the government's 25% bonus scheme.  At the moment, due to coronavirus, there’s no penalty for withdrawing the money, whereas previously you would lose around 6% of the original deposit.  However he’s wanting to know if buying a property with a lifetime ISA means he loses any profit that he would make on his property in the future?  We’ve had a number of questions come in recently around lifetime ISAs.  So, should you avoid putting your money into a lifetime ISA or go and an open one tomorrow?  Tune in to find out.    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.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.See omnystudio.com/listener for privacy information.

This week on The Property Podcast we’ve got a great episode for you. We’re talking about exit strategies.  Now you may be thinking, ‘why on earth would I want to think about getting out of property when I’m only just getting started?’.  Well, there’s actually a valid reason for thinking of the end goal and considering your options for when you’re ready to let go. So on today’s episode, Rob & Rob are going to be talking about the following: Flips They’re the most basic, but not the easiest of strategies. You buy it for X amount, spend Y doing the property up and sell it for Z. More often than not, X+Y should be less than Z.  But what if it’s not? And what if you’re doing it on bridging finance or as part of a joint venture? Then what?  Rent-to-Rent/Serviced Accommodation This is quite a popular strategy but more of a hands on one. You tend to rent for X amount, sublet it for Z amount and therefore Z should be more than X. Sometimes you won’t be able to sublet the property, then what happens? What if there’s an issue with the property? Or, now you’ve built up enough cash for a deposit, how do you get out of your current situation?  Buy-to-Let And finally your plain vanilla buy-to-let strategy. By no means is it the most glamorous but it is the simplest. You’ll buy a property for X amount, spend Y amount on things like furnishings and then you’ll rent it out for Z.  Z/X+Y * 100 = Yield. Pretty simple and straightforward.  What happens if the property doesn’t rent, or you have massive unexpected expenses?  These are just some of the examples Rob & Rob cover on today’s podcast.  Make sure you tune in and map out your exit route.   This week’s news story headline reads ‘markets predicting negative base rate as BoE keeps options open’. In previous weeks the Bank of England have voted to keep interest rates to a historic low of 0.1%!  If you thought that was crazy, read om. Because there’s the potential to go lower than that! For some reason it seems like the markets are expecting the base rates to go negative at some point in the next year. However the BoE don’t have any plans on doing it, but never say never.   This week’s Hub Extra is a tool that Rob & Rob both use to pick the right background music for them to work to. If you’re like them and you need a bit of a soundtrack to get you through something tedious you’ve been working on then maybe you should give Flow State a go.  It’s a daily email where they send you a link to a new artist where they’ve handpicked music that’s good for concentration. There's a wide variety of music choices so you may be surprised.    We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.See omnystudio.com/listener for privacy information.

It’s Tuesday. And that means another episode of Ask Rob & Rob.  First up we have Ed who wants to ask about joint ventures.  Ed has a few properties he’s worked on using the buy, refurbish refinance strategy. They’ve gone down so well that Ed now has a few contacts looking to do joint ventures with him. They want to put in the cash while he handles the rest of the workload.  He wants advice from Rob & Rob on how to structure this from a legal point of view to protect both himself and the investor.  There are many different ways to structure a joint venture, but there are two common ones. And in this episode, Rob D runs through both of these to help you understand the two most popular ways people run their joint venture agreements. The important thing is to make sure the structure is right for all parties. The second caller this week is Pete. He’s got his first property due to complete this year. He bought it at £250,000 and it’s increased by around £30,000-40,000 already.  Pete wants to know if he can use this increased value as part of his deposit on the buy-to-let mortgage he’s taking out on it. He’s buying his property through a limited company so wants to leverage what he can.  Will Rob B make Pete’s day or is Pete asking the impossible?  Rob B does give a sneaky insight into valuations and dishes some dirt on why valuations are always done on the purchase price, so this is a great episode to help anyone who’s purchased off-plan and is looking to take advantage of any uplift in value.  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.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.See omnystudio.com/listener for privacy information.

It’s the episode you’ve been waiting a whole month for. It’s August’s market update!  There’s so much that’s happened in August, it’s been crazy!  Normally you would expect August to be a bit of a quieter month, with people taking time off, going on holiday or just spending time with their children during the school holidays.  However, given the current circumstances, that’s not been the case at all and some certain topics that the guys are going to discuss today have been quite surprising.  Here’s what The Robs are going to be talking about on today’s episode: Property prices Evictions Mortgages Insurance Taxes The economy Plus a whole lot more just in case that wasn’t enough for you.    Not only are Rob & Rob bringing you the market update, but they’ve also been on the phone talking to none other than Robert Kiyosaki, the author of Rich Dad Poor Dad, just in case you didn’t already know. Now we’re going to be keeping all the juicy details from that conversation for next week, but Robert Kiyosaki does actually have a virtual event on this weekend! It’s on Sunday at 8am for the Global Crisis Summit so if that’s something you’d be interested in, you can get your virtual ticket here.   If any of the job roles that Rob & Rob discussed in today’s episode and you’d like to apply, you can go and check out the full job roles right here.    We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.See omnystudio.com/listener for privacy information.

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.   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.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.See omnystudio.com/listener for privacy information.

At some point in your property journey you’re going to get people who are questioning what it is you’re doing.  People that doubt you’ll make any money from investing in property and they’ll try and put you off.  So in this week’s episode of The Property Podcast, Rob & Rob are going to discuss how you should deal with them, but more importantly, why you should encourage them.  Sounds crazy, right?  What if we told you that you should use what the doubters say as momentum to spur you on? Because that’s exactly what Rob B did himself about a decade ago.  Rob B shares a personal experience in today’s episode and it might just give you the push you need to keep going and ignore the haters.   In the news this week, ‘collapse of Airbnb popularity produces glut of long-term stock’. After speaking to Chris Ryder a few weeks ago, you wouldn’t expect to see this headline, especially now it seems the majority of the population are enjoying staycations this summer.  However research from Hamptons International has shown that one in eight properties coming onto the market in inner London have previously been on Airbnb or other short term let websites.  It also shows that the number of homes available to rent in inner London is up by 42% compared to last year which is a huge increase! But there are many factors that can contribute to this.  As a result it’s pushing rental prices down. Which is something that The Robs will discuss on next week’s market update.   This week’s Hub Extra is a new podcast for you to listen to! Our podcast producer Dan has also been working on a new podcast called ‘Naked Money’.  The show has Robbie Burns as the host who’s a multi-millionaire stock trader if you didn’t already know. He’s more famous for his book, The Naked Trader which is a book Rob B loved.  So no doubt the new podcast is going to be just as good.    We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.See omnystudio.com/listener for privacy information.

This week on Ask Rob & Rob the guys are still answering coronavirus related questions and helping one caller put his mind at rest on his recent investment To kick start this week, we’ve got Harsh. Along with a friend as part of a joint venture, they’ve bought their first buy-to-let property in Crewe.  However he’s now having worrying thoughts. Harsh has clearly been listening to our weekly podcasts and he knows that Crewe is an area that we’ve mentioned numerous times on the podcast and an area Property Hub Homes even built a development in.  But he’s also listened to the episode on Rob D’s investment in Nottingham and is now worried that because he only paid £75,000 for his property, it’s not going to benefit from capital appreciation. Is this a general rule of thumb? Should Harsh think about selling and investing somewhere else? Our second caller is Pedro. He’s got a question about the effects of coronavirus and the impact it’s had on people working from home. Since more people are now working from home and potentially going to continue to work from home for the foreseeable future, will this change the fundamentals that we look for when investing in property? So what do Rob & Rob think about this?  Tune in to find out   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.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.See omnystudio.com/listener for privacy information.

Get ready… because Rob & Rob are about to change your life! Seriously. Now is the prime time to be making improvements to better yourself. We’re living in strange times right now, but we can see this time as an opportunity to make dramatic differences to your life.  You can come out of the coronavirus pandemic far stronger than you went into it. Here’s what we cover in today’s episode:   Goal setting - we genuinely believe it can transform your life. Listen as Rob & Rob talk about how they use goals, both in person, and in their business. If there’s one action you take from today’s episode, let it be this one. There might be goals you’d set now, that would have been completely different to what you may have set at the start of the year because so much change has been forced on us. Here’s the episode Rob D refers to when talking about property megatrends. You can take the goal setting course right here for free too.    Creating habits - habits are the things you can do every day to get you that one step closer to your goals. Now is the ideal to review your habits, see which ones you’d rather not have and see which new ones you want to create to support what you want to achieve. Listen as Rob D talks through forming new habits and how to make them stick. For inspiration and more details on how you can learn to habit stack, you can go and listen to Rob & Rob’s brain hacks episode right here.    Fitness - it’s become a huge thing right now. It’s massively helped Rob & Rob during lockdown. Many people have now transformed their old fitness habits and created new ways to work out, because they’ve had to during lockdown. And actually, it’s becoming apparent that people are preferring their new routines.    Mental health - there’s been a huge focus on mental health throughout lockdown. The media hasn’t helped the downward spiral in those struggling mentally, but we can all try our best to be more aware of how our mental health is being affected during these times. Rob B talks us through how he’s using meditation now more than ever, and how it’s helping him massively.    Education - We know a lot of you have been focusing on your education, because our website stats for our educational resources are breaking records. But could you be doing more?    Finances - A renewed focus on finances is never a bad thing. We’ve had a pandemic which has affected people negatively through job losses, but there’ll be others who have used this time to conserve cash through not commuting or spending unnecessarily. Rob & Rob have done a previous episode about personal finance which you can find here. You can’t be a property investor and have poor finances, so if you haven’t focused on this yet, you need to.   Taking action - doing deals, or getting ready to do them. The market is incredibly strong right now. People are coming out of lockdown ready to invest. And if you’re not yet ready, at least start preparing yourself. Rob B delves into everything you should be doing NOW, so you can strike as soon as you’re ready. Find out why now isn’t the time to be sitting on the fence and why you shouldn't let the media be your investment guide. Find out how others are taking action now, like Chris and his serviced accommodation in this episode. Or Natalie who’s refurbed multiple projects during the pandemic! If you work on all of these things, you’ll become a more successful property investor.    In the news this week, we’re talking about this article from The Express: Chancellor's stamp duty holiday gives 'surprising spike' to home values. Prices are up 3.8% year-on-year according to the Halifax, which is a huge jump. It’s surprising because we still have the coronavirus, but also not surprising for reasons Rob & Rob will delve into on this month’s market update - which is only a few weeks away, so make sure you tune in.   This week’s Hub Extra is a quote from Dennis E. Adonis which is quite fitting with this episode.  “Never restart a journey and use the same road that failed you before.” Listen to find out why this quote resonates so well with Rob & Rob this week.   We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do. Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week!  If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.See omnystudio.com/listener for privacy information.

It’s another Tuesday, so it’s another Ask Rob & Rob. And we’ve got two cracking property questions for you. The first question is from Dom who’s just completed on a 2-bedroom flat in South London. He agreed the price back in January before the dreaded coronavirus, and went back to negotiate on the advice of Rob & Rob and managed to snap up an absolute bargain! So he’s ended up with a new house at a massively discounted price.  Today he’s asking whether Rob & Rob reckon he should flip it, take the cash and wait for another dip.  Rob B has some solid advice today and a bit of warning about that ‘paper-profit’. Dom needs to be careful about allocating overall transaction costs and also about potentially investing on the expectation of a dip in the market.  Why should Dom be careful? Why should nobody ever invest based on assumptions? Tune in to find out. Next up is Sabrina from Newcastle. She got hooked on the podcast after reading Rob D’s book and hasn’t looked back ever since - that’s what we like to hear!  Sabrina is a first time buyer and wants to know if investing in property via a limited company would preserve her first time buyer status for when she eventually buys her own residential property to live in - therefore avoiding that 3% stamp duty surcharge on second properties.   Listen as Rob D takes the lead on this question and explains how we’re all judged as individuals when it comes to property transactions.  Try as we might, there’s no getting around stamp duty unfortunately.  If only we could wave that magic wand! Tune in to today’s Ask Rob & Rob, it’s one not to be missed! 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.  Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So get yourself over and introduce yourself.See omnystudio.com/listener for privacy information.