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The Property Podcast

ASK462: How can I use £100k to get into refurbs? PLUS: Help, I've just been handed the management!

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 4 February 2025

⏱️ 10 minutes

🧾️ Download transcript

Summary

It’s time for the latest edition of Ask Rob & Rob and we’ve got some cracking ones for you this week!   (0:43) Andrew has been dreaming of getting into property and thanks to a recent £100,000 inheritance he’s finally in a position where he can get started, but he’s wondering if Rob & Rob can shed some light on how he can find the right property and if an interest-only mortgage is the right option for him.  (5:51) Last year Jal completed on a new-build flat in London, and he’s found himself in a position where the developer has handed over the management of the block to the owners. Jal is a pretty hands-off investor, so he’s asking Rob & Rob what he should do next – should he contact the other owners, or should he leave it to his estate agent to handle?  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  Send us your question by calling us on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply) or click here to leave a recording via your computer instead.  Find out more about Property Hub Invest

Transcript

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0:00.0

Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob.

0:06.6

Hey everyone, welcome to Ask Rob and Rob, the show where you get your questions in 90% of time.

0:12.0

But in love, they are proxy related, although we do like straying into that random 10% that you bring us every now and again as well.

0:17.4

What do we have this week? Well, you're about to find out. But before we get into our first

0:21.3

question, which this week is from Andrew, let's give you a quick reminder of how you can get your

0:25.8

questions in. It's oh so easy. All you need to do is go to property hub.net slash ask. Once you're

0:31.3

there, you can send us a written question for the Sunday Times. You can send us an audio question

0:35.8

for this here podcast. We love audio

0:37.9

questions because it keeps the podcast going. So we're now going to hold up our side of the bargain

0:41.4

and answer a question for Andrew. Hi, Rob. I hope you're well. I stumbled across your podcast

0:47.1

a couple of weeks ago and really enjoying them. I'm a carpter by trade. I run a carpentry construction

0:51.1

company just outside of Gatwick and it's always been my dream to renovate and get into property developing.

0:57.7

I got left some inheritance this year about 100 grand and I'm looking to finally go ahead

1:04.0

with my dream.

1:05.4

Obviously the ideal situation is to buy property that needs work to it and being able to do the

1:09.6

work myself and then sort of have the property as an investment of when I retire, whether that's a rent

1:15.1

or obviously selling. So my questions really are is do I niche down into something what's going

1:21.1

to be the best thing to niche with my sort of skill set? Or was it more about finding the right

1:25.9

property rather than finding the right type of

1:28.3

property another thing that I've sort of noticed is a lot of investors do interest only mortgages

1:34.4

before I sort of looked into it in my head I was thinking that obviously I wouldn't do the

1:39.5

interest only mortgage I would do a property up sort sort of rent it out, and then obviously when the

...

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