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Mark Rocks

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  1. Great news for any Birmingham investors - the city looks set to see a rise in house prices. A property developer has said that property prices in the city could rise by as much as 27% by 2026, and the Commonwealth Games is a big factor in this projection. And it’s a projection based off stats, too. Manchester saw house prices rise 63% in the 5 years leading up to the 2002 Games, and rocketing 140% in the 5 years since. Inward investment is a key fundamental to look for when considering areas to invest in, so it’s possible that Brum could be seeing loads more investors flocking to it. Let the Games begin. https://www.birminghammail.co.uk/news/property/commonwealth-games-could-make-birmingham-24622340
  2. Hi @Dovey444 Sounds like a good plan you've got for your second investment! When it comes to choosing a location for a BTL (especially one that's further afield than where you're currently living), it's all about due diligence. What kinds of rents does that area command, is there inward investment, do big employers have a base there, etc. Each year Rob & Rob compile a list of the best BTL property hotspots, and this year lots of the top locations are up North, which you mention is an area of interest. I'd suggest giving that a watch and seeing if any of those cities and towns appeals to you!
  3. What do you think? Rob D has taken to our YouTube channel to explain why he thinks property just might be the perfect investment.
  4. Hi Steve What order have you done your previous two refurbs in?
  5. Hi Bobby Rob & Rob answered a question similiar to this on a recent episode of Ask Rob & Rob; https://propertyhub.net/podcast/ask343-how-to-increase-rent-tenanted-property/
  6. The latest news on the Base Rate is one that every investor will be keeping an eye on. Here’s what Rob B had to say on it; “Today’s news that the base rate has increased to 1.75% isn't surprising Increasing rates is a tactic that banks have historically used to curb rising inflation (which is due to hit 13% in October this year) and is widely covered in Rob D's latest book, ‘The Price of Money’. For property investors, the biggest impact will be felt with mortgages and we've already seen a number of lenders raise interest rates over the past few weeks. It's possible this will lead a change to more investors seeking fixed-rate products to safeguard payments against future hikes.” What impact do you think this will have on the property market?
  7. The latest Hometrack House Price Index has unveiled some pretty surprising news. Average house prices have grown by 8.3% over the last 12 months, which isn’t as close to the high of 9.6% that was reported in March ‘22. What jumped out to us was the fact house prices are growing fastest in Wales, hitting 11.1% higher than this time last year. We covered Wales’ performance in our exclusive Investor Location Guide (released on Monday), but we’d love to hear from any of you that have invested in Wales – are your properties performing better than expected? https://www.hometrack.com/wp-content/uploads/2022/08/UK-House-Price-June-22-final-UPDATED-HT.pdf
  8. It’s time for some more listener questions! Kicking us off this week is Deemada. Deemada is searching for his second buy-to-let deal but increasing interest rates have got him thinking about his profit margins. He wants to know if higher rates will squeeze his profit and if so, should he still be considering buy-to-let right now? Next up, we’ve got a question from AJ in London. The latest legislation, especially the proposed removal of Section 21 has got them worrying about how this is going to impact landlords, particularly with rent increases. They currently review their rent annually and adjust it according to the market – sometimes it goes up, sometimes it doesn’t. But they’re worried that this change in legislation could leave them short if a tenant refuses to accept the rental increase. Do Rob & Rob have any thoughts on this? https://propertyhub.net/podcast/ask344-high-mortgage-rates-profit-margins/
  9. Hi @alisonv - welcome to the forum! Super glad you're finding the courses and Property Podcast helpful In terms of locations, is there a particular area that you're considering investing in? I also think it's a good sign that you've already got a BTL, so hopefully you should have a fair bit of knowledge already!
  10. Usually, when we talk about the best places to invest, we’re looking at capital growth, but there’s plenty of investors that focus on high-yielding deals. So, Rob & Rob have done a deep dive into the data, and they’ll be revealing the best cities to invest in if you’re investing for yield. Not only will they be sharing the top five cities in terms of data, but they’ll also spill the beans on which of those cities they’d personally invest in... https://propertyhub.net/podcast/2022-best-cities-yield/
  11. One of the biggest mortgage lenders in the country says that we should expect the market to slow down soon. Lloyds Bank reckon that rising interest rates are going to make lending criteria harder for people to get mortgages, which will curb the explosive growth in the market we’ve seen recently. Now, this isn’t the first time we’ve read headlines claiming the market was cooling, but time will tell. What do you reckon? Are we in for a slow-down in the market? https://www.bloomberg.com/news/articles/2022-07-27/uk-housing-market-to-slow-says-biggest-mortgage-lender-lloyds
  12. Personally I think that's where we're headed, but I think the crash will be a tad later than some people are saying!
  13. Hi @si_d Welcome to the forum! Ultimately whether it's the right time to invest or not comes down to your own goals. If you're in property for the long-term, then there's almost never a bad time to invest as it's an asset that will almost always appreciate it value (https://propertyhub.net/dont-wait-for-a-crash/). I'm not too well versed in commercial property - do you have any experience with commercial lettings?
  14. Rob & Rob are back to answer more of your questions! The Bank of England have been increasing interest rates, and there’s no signs of this slowing down anytime soon – that’s why Tom wants to know what he should do about his mortgage. One of Tom’s properties is on a 5-year variable rate mortgage with the possibility to leave at any time with no fees. With the potential for interest rates to continue to soar Tom wants to know “Is now the time to switch to a fixed-rate mortgage?”. Next up, we’ve got a question from Shaz in Derby. He’s currently looking at purchasing a tenanted property, where the tenant is on a rolling, short-term contract. Shaz isn’t too impressed with the rent they’re paying though, as it’s around 20% under market value. He wants to know what his options are, and the best practice for raising the rent to meet the current market value. Tune in to find out what advice the guys have got this week. https://propertyhub.net/podcast/ask343-how-to-increase-rent-tenanted-property/
  15. I know nobody wants to be reminded of the first two years of the pandemic... but it's always good to review our past decisions, and that includes investing in property during what some called "the worst time to invest". And that's exactly what Rob D's done on this week's episode of The Property Podcast! He and Rob review the purchase he made in 2020, and find out whether he's glad he made the investment or if he regrets it. What about you? Do you see your pandemic property purchase as a smart decision, or a mistake you've learned lessons from?
  16. According to Rob & Rob, the Fairer Private Rented Sector white paper could be the biggest shake-up for landlords in years. Do you agree? And if you want to know Rob D's thoughts on how it will impact investors, watch his video on the topic;
  17. It’s our favourite time of the week – Rob & Rob are back with another round of listener questions. First up, this listener wants to know the best way to achieve his goal of a passive income of £2,000 a month. He’s figured out that to achieve this he’d roughly need around seven buy-to-let properties, and he’s got a few ideas of how he can get there. He’s recently completed a flip with a friend and has around £75,000 in profit that he can use to invest again. Should he continue flipping until he has enough cash to purchase all seven buy-to-lets at once, or should he purchase a couple of buy-to-lets now, let the market do its work, refinance and then purchase more properties later on? Next up, we’ve got a question from Kieran in London. Kieran’s recently come across the term ‘deal sourcing’ and he wants to know what it’s all about. What exactly does deal sourcing mean and is it a good idea? https://propertyhub.net/podcast/ask342-best-way-generate-passive-income/
  18. The most recent Rental Trends Tracker from Rightmove has shown the highest increase in annual rise of rental rates outside London since they began recording them 16 years ago. We’ve all heard countless times about the heat of the rental market, and now we have even more proof. Interestingly, our 2022 Hotspot Manchester has recorded the biggest yearly increase in monthly rents, at 23.4%. The average monthly rent in the city is now £1,127 – up from £912 this time last year. Are you benefitting from this hike in rental prices? https://hub.rightmove.co.uk/content/uploads/2022/07/Rental-Trends-Tracker-Q2-2022.pdf
  19. Hi @Aynsley - welcome to the forum! Have you been thinking of getting involved in property investment for long? If you're after a hands-off approach, you might benefit from attending the next live webinar from Rob & Rob which is taking place on July 28th. They'll be sharing their 5-step process to make investing as hands-off as possible! There's limited spaces, so if you're interested in hearing more (and taking part in the live Q&A with The Robs afterwards), you can register here; https://propertyhub.net/5-steps-hands-off-investing/
  20. The housing market is heating up – and not just in terms of house prices. It was announced yesterday that private rents have risen to record highs, escalating more than 20% in some areas like Manchester. The research (from Rightmove) lays part of the blame on the divide between supply and demand for rental properties in the UK. Another interesting note is that rents fell in some city centres (when a small number of tenants wanted to go further out of the city), and those who secured lower rental prices are naturally unwilling to risk losing those by moving. Looks like the impact of the last two years is still being felt. Have you increased your rents in the last year? https://www.theguardian.com/business/2022/jul/14/private-rents-in-uk-reach-record-highs-with-20-rises-in-manchester
  21. Have you spoken to your mortgage advisor about going back to them to ask whether it's possible to take some of the cost off the property to make up for the costs you'll incur by correcting the issues you've listed above?
  22. We'd forgive you for thinking we were much further than halfway through 2022 - given how much has happened already. Check out Rob & Rob's latest video, where they check in on their predictions for the year and tell us if they think the property boom is close to ending, or if it's just getting started.
  23. Rob & Rob's next live webinar is coming on July 28th - and it's one you won't want to miss... Have you ever dreamt of creating a passive income and generating long-term wealth, but just don’t have the time or the headspace? Well, we’ll let you in on a secret… property investment doesn’t have so complicated. You can skip the countless house viewings, letting agent battles, leaky taps and still build a portfolio that’ll help you smash your goals and generate that lifestyle you’ve been seeking. How? That’s the simple part. Rob & Rob have decades of combined investing experience and it’s fair to say they’ve learnt a lesson or two along the way – so they’ve taken everything they’ve learnt and condensed it down into a handy 5-step formula. This 5-step formula will help you become as hands-off as you can possibly be. So, get ready, and join Rob & Rob LIVE on our FREE webinar where they’ll share this nifty formula with you. But there’s more… There’ll also be a LIVE Q&A session, so you get the chance to ask them your burning questions AND you’ll walk away with a tonne of free resources to further your learning right in your inbox! What could be better than that? Secure you space now; https://propertyhub.net/5-steps-hands-off-investing/?utm_source=Social&utm_medium=Forum&utm_campaign=webinar
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