Pete Matthew from the Meaningful Money Podcast joins Rob & Rob again this week as we delve into some personal finance questions relating to property investment.
Penny from Orpington wants to know how she can use her pension to buy property. It’s a question that crops up many times and this week, Pete shares his wisdom on whether this is possible or not.
Can she invest in residential property or should Penny consider putting her money into commercial property? Also, Pete shares some advice on SIPPs, PAIFs and REITs – and if you don’t know what these are, make sure you tune into this weeks Ask Rob & Rob with Pete to find out more.
Our second question this week comes from Rich in Romford. Rich owns seven properties and has dreams of leaving his job and live comfortably off the rental income from them. He wants to know how much he should be earning for him to quit his job when he’s currently bringing in around £2,000 per month before tax.
As Pete has told us previously, cashflow underpins everything – money in versus money out. There’s some great advice for Rich this week as Pete talks him through short term debt, contingency plans and the importance of having a ‘cushion’ for those unexpected things that crop up. We recommend tuning in to hear more.
And if you’d like to hear more from Pete, you can head on over to his podcast or purchase his book by clicking here. This book contains everything you need to know about personal finance with no confusing fluff – just honest and super-practical advice to help you take control of your money.
Hit the listen button to hear this weeks invaluable advice from Rob & Rob… and Pete.
Do you have a property investment related question for Rob & Rob? You could feature on our next episode. All you need to do is 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.
Have you joined our community of like-minded people discussing all things property? Head over and join the conversation over in the Property Hub forum. Whether you’re new to property investment or have decades of experience under your belt, the forum is loaded with helpful insights on all things property related. Head on over and introduce yourself.