The Property Podcast

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.   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.

From Robert Kiyosaki to Ray Dalio No, unfortunately Ray Dalio hasn’t joined Rob & Rob on this week’s episode of The Property Podcast. That would have been epic though!  Even Rob B confessed he might not have been able to get through that interview without being starstruck and giggling the whole way through.  However, if you follow Ray Dalio on LinkedIn then you’ll have seen he’s been sharing some amazing insights via video this year. But they can be quite hard to understand and digest.  So, Rob & Rob have done the leg work for you and are about to summarise what Ray has been saying.  They’ll be talking about the US a lot, but what happens there affects the whole world. So stay tuned. Dissecting the thoughts of Ray Dalio on The Property Podcast  Economics can be an absolute minefield when you know aspects of it, but don’t completely understand it.  Thankfully it’s a topic that The Robs are incredibly passionate about and have kindly dissected Ray Dalio’s work into a more digestible version.  Here’s what The Robs are discussing on today’s podcast, thanks to Ray Dalio:  Debt cycles  The first topic is the short-term debt cycle. This is also known as ‘the business cycle’ and it repeats every eight years. This consists of: Debt-driven expansion... Over-optimism… Contraction/recession.   Because these happen so often people tend to understand them pretty well. And it’s something that Ray Dalio covers in his popular video, ‘How the Economic Machine Works’. The bigger deal is the long-term debt cycle.  Now this cycle is considered more important but it’s more poorly understood and that’s because it lasts roughly 75 years.  This is the lengthy one that you’re going to want to wrap your head around so you’ll want to grab a pen and paper for this part.  The current debt cycle Yes, it’s happening right now. So once Rob & Rob have walked you through the different stages of the long-term debt cycle, they’re going to put it into real terms.  They’re going to take a look at how it’s currently playing out, particularly in America, and what stage of the cycle we’re at.  What does it mean for us? As well as the long-term debt cycle, Ray describes how global power shifts between different countries over time.  But what does this all mean for us here in the UK?  To find that out, you’re going to have to tune into this episode to find out. You may even end up listening to it more than once! Enjoy!   This week’s news  This is where we would usually give you a link to a news article and Rob & Rob would discuss (or tear it apart) on the podcast. But this week we’re not giving you one.  That’s because this week is usually when we have our Market Update episode and The Robs delve into everything that’s been going on in the world over the past month.  They’ve decided to push that back to next week. So, to give you a teaser, you can expect to hear all about the potential of negative interest rates, and why up to 6% of homes in England could be unmortgageable right now.  It’s going to be a good one so make sure you tune in next week.   Hub Extra  If today’s episode hasn’t completely exhausted every brain cell you have, then we’ve got just the resource tool for you.  Of course, it’s Ray Dalio’s articles that we’ve discussed in today’s episode.  If you’re ready to take your economic knowledge to the next level then these will certainly get you there.   The Property Hub Magazine  As Rob B mentioned in today’s episode, if you subscribe to the magazine now you’ll be on the list in time to receive the November/December issue.  And yes, he was right, this issue is all about the lessons learnt in 2020 and let’s face it, there’s been a few!  Naturally it’ll tie in with when Rob & Rob review their predictions from the beginning of the year.  There might even be an insight as to what to expect next year. So, if you want to get ahead of the game, make sure you subscribe now!   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 Rob & Rob are here to answer two more fantastic property related questions. So hold onto your hats! The first caller to get in touch this week is Matt.  Matt previously bought his residential apartment as a long-term investment opportunity. The apartment is located in central London, near the Olympic Park.  There’s currently tonnes of investment going on in and around the area with two new hotels being built, BBC studios, the new VNA museums and different universities moving into the area as well.  He currently has a lodger that pays £1,000 per month which massively helps towards the bills and is helping him to save money for when he wants to move out of London.  However Matt is now concerned that with the way the future of working is going, he wouldn’t be surprised if businesses moved to smaller office spaces and we end up seeing more remote working.  He’s been doing his research into Zoopla reports and now he’s wondering if he should ride it out or get out whilst he still can.  Next up we’ve got Clara who’s wanting to know what Rob & Rob would advise when looking to prepare for a market crash. Would they suggest remortgaging and pulling any money out and keeping that money in cash, or keeping it somewhere else?  Ultimately, how do you make sure you’re protected for the inevitable? For the first time in Ask Rob & Rob history, The Robs have refused to answer this question.  Tune in to find out why!   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.

Last week’s episode was epic. This week’s is even better It’s Rob & Rob’s reactions to last week’s interview with Mr Robert Kiyosaki, author of Rich Dad Poor Dad. We’ve received so many messages in the past week on what people thought of the interview and there were very much mixed opinions. So it was only right that The Robs discussed exactly what was said last week, and what they really think of some of the topics Robert Kiyosaki had very strong opinions on. If, like most of the comments we’ve had on social, you’re wondering if Rob & Rob are about to sell up and start buying gold, then you’ll want to stick around for this episode. On today’s property podcast episode If you haven’t listened to last week’s episode, we suggest you go and listen to that first. Mostly to understand why Robert Kiyosaki has caused a stir in the Property Hub community.  Before we get started, Rob & Rob still stand by the fact that Rich Dad Poor Dad is very much still relevant today. But in this episode Rob & Rob are going to tackle some of the points that Robert raised and share their point of view.  One topic that Robert raised was that people’s jobs are going to be replaced by technology. Apparently Zoom and Youtubers are going to replace teachers and technology is going to replace doctors.  Another topic he repeatedly came back to was Warren Buffet and buying gold. Apparently Warren Buffet has dumped all of his banking shares and is now turning to buying gold. It’s not quite as black and white as Robert Kiyosaki made out, so maybe you shouldn’t be taking what he says as gospel.  Tune in to listen to the other madness that Rob & Rob are discussing on today’s episode.  If anything, you’ll get a good laugh out of it.   This week’s news In the news this week, it certainly seems like the property market is still hot. Rightmove have recently released data showing how long it takes for a property to be sold.  The number of homes selling in a week has hit a ten-year high! One in seven properties are now having a sale agreed within one week of being listed, which was one in ten 12 months ago.  It doesn’t come as a surprise that it’s the bigger houses that are benefitting from this. Since the pandemic everyone has been looking for more space.  Although the London market is the slowest performing, it’s still doing better than 12 months ago.   Hub Extra At first glance you may think that Rob & Rob have lost the plot after that interview and are now just throwing animals around.  But Rob D is recommending a tool called Camel Camel Camel. It’s designed to help you track prices on Amazon.  The majority of us, when buying something online will naturally turn to Amazon to see if it’s available on there, and more so for the speed of delivery.  Prices on Amazon do change quite frequently and sometimes by a considerable amount. So what Camel Camel Camel does is you put in a product you’re interested in and it will send you an email alert when there’s a price drop.  It’s completely free and it will save you even more money.   The Property Hub Magazine We’re busy putting together the last issue of 2020 and it’s shaping up to be the best issue of the year! To give you a little sneak peek, this issue’s location focus is going to be on Crewe. It’s a major commuter town and one where Property Hub Homes built its first development.  And naturally it’s jam packed with investor case studies and comments from within the Hubber community that we’ve been getting you involved in.  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.

Rob & Rob are back again this week to answer two more Hubber questions. First up this week is Brad. He’s been listening to The Property Podcast for the past couple of years and has just finished university where he’s studied real estate. He’s been giving his parents a helping hand in getting started on their property investment journey, with their first purchase being in Norfolk at the beginning of the year.  They’re now at the stage where they’re looking to invest in something else, potentially a holiday let. They know there’s more work involved with a holiday let, but with more people taking staycations, they’re wondering if now is the perfect time for it.  We’ve been getting a lot of questions lately around holiday lets, so do Rob & Rob think now is the time to look at it more seriously? Our second caller this week is Michael from South Wales.  He’s been doing a lot of viewings recently as he’s on the hunt to purchase his first buy-to-let property in a limited company.  Currently he’s got six property viewings with one agent but he’s wondering how it works with putting an offer in.  He only wants to purchase one property but is wondering if it’s worth putting an offer in on multiple properties, just to be on the safe side? What do Rob & Rob think he should do?  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.

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.