This week, Andy asks Rob & Rob…
AWhat checks should you make when buying remotely?
This is somewhat of a specialist subject for The Robs, as they both invest this way, and run companies which help people to invest with a completely hands-off method.
This is an important question and Rob B starts by saying you need to be very clear in what you want from the people you work with. Give them really clear guidelines so people know exactly what is an investment you would consider, and what you wouldn’t touch in a million years. This will help preserve your working relationships and save you all a lot of time and avoid frustration. Give as much detail as possible.
Rob D agrees with the advice given but also says to clarify all information given – even if it’s coming from a trusted partner. Get images, check market information, and do your research. This will give you complete clarity on your investment, and you wont feel like you really need to be there on the ground. This method is not for everyone, but for us it works really well.
Rob B underlines the point to spend your time on research if you are going to invest remotely. Research the research.
Remotely investing isn’t for everyone but if you get it right then it’s a great way to invest.
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