Welcome to this week’s Ask Rob & Rob.
First up with a property question is Mark. He has a HMO in Southampton which is mortgage free and has been self-managed for over 20 years.
Mark has now moved north but finds the travelling and cost of upkeep is just too much. He wants to sell the property and reinvest the funds somewhere closer to home, however he’s hit a few snags.
He’s failed at getting planning permission to alter the property in the hope it would add value, and he’s also considered selling the HMO to both investors and property developers which hasn’t been plain sailing.
The developers say the rental income wouldn’t make the money back if they were to rebuild. And unfortunately Mark doesn’t have enough capital to see through a void period whilst he refurbishes the property himself. Remortgaging isn’t an option either. So, what should he do?
The Robs have some advice for Mark which covers everything from pricing, refurbishing and also the possibility of an assisted sale.
Callum has also called on the Robs this week.
Callum is 21, from Nottingham and has been avidly saving for his first investment property. He’s been reading, watching and listening to every resource he can find and wants to know whether it would be better for him to learn the trades or go in to project management.
Again, from people who have been there, done it and bought the t-shirt, the Robs talk Callum through ways he can get the most value from learning and how they’d approach things if they were in his position.
Would the Robs grab a paintbrush or plastering trowel? Or would they leave it to the professionals?
There’s also a good few resources shared this week on how Callum can get started – so make sure you tune into this week’s Ask Rob & Rob.
Would you like to feature on the next episode? If you have a property related question, simply call 013 808 00035 and leave 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.
Do you love property and are keen to connect with likeminded people? Head over and join the conversation over in the Property Hub forum. Our active Hubbers are talking property on a daily basis – from breaking news to sharing hints, tips and some very interesting progress journeys. Pop over and introduce yourself today.
Subscribe in your favourite podcast app to get every episode automatically sent to your phone.
Share your thoughts on this episode – and find out what others are saying – in the Property Hub Forum.Go to the forum
Did you enjoy this episode? Then please leave us a review: it’s the best way to say thank you, because it helps others find us.
To show our appreciation, we’ll read out your review on the show! Learn how to leave a review in Apple Podcasts.