Welcome to another Tuesday Ask Rob & Rob – your weekly dose of property advice about investment matters you care about the most.
Our first question this week is from a listener who has recently discovered The Property Podcast and has been racing through the episodes to catch up to the present day.
She wants to know what exactly makes a good area to invest in property and what research should she be doing to find these golden buy to let property locations. She’s discovered our list of 2019 property investment hotspots, but she wants to know how she can spot these areas herself.
Rob B is quick to dive into one of the most important things when looking at property investment hotspots, and that’s fundamentals. Not just one or two of the boxes need to be ticked… they all need a huge tick in the box. Just having a few alone is simply not enough.
There are a load of other ways to spot a property hotspot too – and Rob B shares a great tip for anyone who’s in the same position. There’s also a great podcast on using the ‘ripple effect’ to find the next buy to let property hotspot which is well worth a listen.
Our second question comes from an avid lover of The Property Podcast and she is half way through putting a plan together. She has over £400,000 to invest but isn’t sure on what property she should be investing in. She has a goal of generating £4,000 in rental income but wants advice from Rob & Rob on exactly what she should do and how many properties she should look to buy.
Rob D wastes no time clearing up a few simple strategy principles that many investors tend to miss, focusing attention on the wrong things. If you have a fairly aggressive yield target like today’s listener, this is the episode for you. There’s some diamond advice here that you can take away and apply to your own property investment journey.
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