The Robs are back again for another fantastic episode of Ask Rob & Rob. After a few weeks of mortgage questions with Dave Cookson, the trio is now back to a duo!
First up we’ve got Horatio who’s in a bit of a pickle. He made an offer to purchase a buy-to-let investment property in Birmingham about six months ago and has recently completed.
However, he’s run his numbers again and has realised that his investment property isn’t even making £50 a week! A situation no investor wants to be in.
So how does Horatio get out of this sticky situation? Is there a way out? Could a change in strategy make him a small profit at least?
Second up, we’ve got Nick. He wants to know if there’s a minimum purchase price to look for when purchasing a buy to let property?
He’s wanting to know which works better for a portfolio; having six properties valued at £100,000 each or 12 at £50,000 each.
Ultimately there are a number of variables to consider and, as always, it also depends on your goals.
So how low should you go when you want to buy cheap buy-to-let investment properties? And does cheap always mean it’s an instant money saver? We’ve all heard the phrase “buy cheap, buy twice”…
Find out on today’s Ask Rob & Rob.
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