15th August, 2013 BACK TO ALL PODCASTS

This week we’ve turned Mythbusters, because we’re examining five pieces of received property wisom that we believe don’t stand up to scrutiny.

Those myths are…

  • You should only invest in London
  • Never invest in flats
  • You have to be a landlord
  • Your home is an asset
  • You should always buy where you live

Are you surprised to see any of those? Want to find out where we’re coming from? You’ll just have to listen to the episode to see if you agree or not…

Resource of the week

Our resource this week is a website – Fiverr.com – where you can get almost anything you can imagine done…for only $5.

For investors, that might mean passing off an hour of your admin, or getting someone to research an area for you. It’s also good for logos, video editing, voiceovers, website tweaks, and all manner of other things.

Or you can just get someone to wish your friend a happy birthday while dressed as Harry Potter, or pay them to write your name on their face. We’re just giving you the tools – how you use them is up to you…

This week’s news

News this week is from The Sunday Times, which reported that estate agents are giving preferential treatment to people who take up their mortgage of surveying products.

Rob B has experienced this for himself – even though he works in the industry – and although the agents in question deny that using their products gets you to the front of the queue, the evidence suggests otherwise. Not impressed.

Mentions this week

Rob B has been getting some great feedback on his new podcast, Property News Radio, so you should go and subscribe if you’ve not become a regular listener yet.

We’ve also recorded a secret podcast episode! It’ll never be on iTunes or this site, so the only way to get it is by joining the mailing list. Enter your email address into the big box at the top now to make sure you don’t miss out!

And finally, to celebrate both Robs being in the same country, we’re having a little get-together!

On Thursday 29th August at 6pm, we’ll be having a casual meetup of Property Podcast listeners in Kings Cross, London. Nothing formal – just a bunch of property addicts getting together to talk shop and put some faces to voices and emails.

To get all the details, go over to thepropertypodcast.com/meetup.

Tell us what you thought of the show!

What other property myths might we have missed?

Do you strongly agree or disagree with any of ours?

Just let us know by leaving a comment below!

If you enjoy The Property Podcast, please leave us a review on iTunes

Reviews are really important in helping other people to find the show, so by way of thanks we read out every single review we receive.

If you’d like to hear your name on the show, leave us a review on iTunes here. Not sure how to do it? This video shows you how to review and subscribe.

Full transcript

Rob Bence:                         It’s time for The Property Podcast, where every week tens of thousands of property investors – new and experienced – join together to get news, knowledge and laughs at our expense. With me, Rob Bence.

Rob Dix:                               And me, Rob Dix. Join us every Thursday morning for your weekly dose of property ideas and motivation. Head over to our website at thepropertypodcast.com to keep the conversation going.

Let’s get started!

Rob Bence:                         Welcome to the Property Podcast! It’s episode twenty-two. We’ve had our coffees, we’re feeling good. I’m Rob Bence and my co-host – I sense is a little closer – Rob Dix, are you there?

Rob Dix:                               I am. I’m back in the UK and we’re nearly in the same city, for once. It’s good to be here. More about that later on. We’ve got a lot to get through because this week we are being myth-busters, which isn’t as cool as Ghost Busters, but we’re getting there. We’re going to be explaining some property myths, so keep on listening and you might end up re-examining some things that you’d always taken for granted. Continuing that theme we’re going to be exposing some dirty tricks used by estate agents in our news story, and with the Resource of the Week we’re going to be showing how if you’ve got five dollars, you can get practically anything done for you. Stay tuned for that one!

Rob Bence:                         Practically anything, you’re going to be shocked when you see this one. But don’t zoom ahead to the end; we’ve got plenty of good stuff before. Before we get going, we as always love to send some thanks and love to our listeners who have left reviews. There has been a surge of reviews recently, so thank you so much; we’re going to get through them all but this week, we’re going international again.

First of all, we got Nick in Beijing. Nick says, “Great podcast; clear, concise and complete, full of practical tips for those of us who are considering property solutions for early retirement. Thanks Rob and Rob, and keep up the good work!”

David from Australia says, “Good advice that translates beyond the UK market. Great discussions and viewpoints. I’m Australian whose market and rules are very different, but the discussions translate well.”

Thank you, David! Thank you, Nick! It’s good to see the supports international, not just UK-based.

Rob Dix:                               Always love a review from wherever they come from. It’s nice to have a bit of an international flavour this week to balance out me being move UK-based. Rob, the big news this week of course is the release of a brand new podcast.

Rob Bence:                         Properties News Radio has gone live; very exciting, very nervous as well. I’m slightly more nervous while releasing this one because I was on my own; I haven’t got use of my virtual hand, Rob. It’s gone really well, thank you to all the people who got behind that podcast already. There have been loads of reviews on it; it’s doing really well on the chart so thank you very much to everyone who’s got behind the Property New Radio. I’m not going to go on about it here because this is The Property Podcast, but if you are interested and you would like to listen, if you go to propertynewsradio.com you can find the show there. It’s just a short fifteen-minute show where you can find about what’s going on in the property market every week via myself. Thank you to everyone who’s got behind it.

Rob Dix:                               I’ve been listening and very much enjoyed it. I’ve learned something from it and I was glad to be named in episode one. It was like I was almost there.

Rob Bence:                         I did that to prove you were listening, Rob.

Rob Dix:                               Yeah.

Rob Bence:                         That’s not the only bit of podcast news we’ve got because we’ve got a secret special podcast, haven’t we?

Rob Dix:                               We have, which we can’t say too much about in case word gets out. But we have recorded a secret episode and the only way to get hold of that episode is to join the mailing list. If you’re already on the mailing list, you’re going to have the link sent to you. If you’re not then you need to get on there quick, thepropertypodcast.com is the place to go. Sign up for our mailing list and you will have a secret bonus episode sent to you which will never appear on iTunes. I really can’t say any more than that.

Rob Bence:                         The mystery, the mystery!

Rob Dix:                               Yeah!

Rob Bence:                         That’s all we can say. But what we can say a lot about is the fantastic response we’ve had from our listeners recently. We just wanted to mention it because we don’t take it for granted. We’ve had a surge of reviews as I’ve already said. We’ve got lots of positive feedback by email, a lot of people calling in as well to the RMP office to speak to myself. I know Rob’s had an avalanche of emails as well, of people getting in touch saying really lovely things. We just wanted to take time out to say thank you!

Rob Dix:                               We absolutely love it! I’ve had some great emails recently, some really nice conversations with people and we really don’t take it for granted. We know that without it we wouldn’t enjoy a hundredth of the amount that we do. We love getting the feedback.

With that in mind, we’re actually going to be celebrating us being in the same city for once by having a mini meet-up of Property Podcast listeners. Nothing huge, not a big event.  It’s just going to be getting together for some coffees or some beers and getting a chance to meet us and meet other property investors and talk shop, I suppose. We’re going to be doing this on Thursday, the 29th of August, it’s going to be at six o’clock and it’s going to be at King’s Cross in London. If you’re a London-based listener then you should definitely be there. If you live anywhere nearby, then it should be pretty easy for you to get into King’s Cross. We’re not going to be far from the station. We’re going to be putting all the details on a special page of the website, so if you’re interested in coming along, you want to be going to thepropertypodcast.com/meetup. That’s thepropertypodcast.com/meetup, we’ll link to that in the show notes as well and that will give you all the details on how to register to come along and tell you where it is. It’s going to be absolutely free! Come along, have a couple drinks and meet some fellow property people.

Rob Bence:                         Yeah! Nice and laid-back, no massive agendas, just nice, polite conversation meeting like-minded individuals. I’ve spoken to a few people who’ve said they’ve never really been into a property networking meeting before because they think it might be intimidating for them; this is your opportunity to get started. This is going to be so laid back; it’s going to be silly. It’s just going to be really friendly, a small group of people just talking about property and anything else you wish to discuss. Come along, we’d love to meet as many of you as possible. 29th of August, on a Thursday, 6 P.M. on King’s Cross. Hopefully see you soon!

Rob Dix:                               Let’s get moving on to the news of the week then, Rob which is some disturbing news about estate agents which I know that you’ve actually experienced this for yourself already.

Rob Bence:                         It’s not like estate agents to have negative news around them, Rob so this is a bit of a shocker. There’s a story in the Times over the weekend – we’ll obviously link to it on the show notes so you can see that.

Estate agents have been accused – some of them, at least – of putting pressure on clients to use their in-house services. What do we mean by in-house services? Have you ever been to an estate agent’s office and inquired about a property and they said, “Do you want to have a chat with our mortgage broken first so you can see what’s possible?”

Rob Dix:                               Every time.

Rob Bence:                         Or you’ve gone to put an offer in and they’ve suggested you use their conveyance services? That’s always been the way, but what the Times is reporting now is because the property market is taking off a bit, especially in London it has been for a while, the agency using this as a tool to say, “If you want the best chance to get this deal or this property, you should really use our services so we know you’re serious.”

These estate agents have come out and said this isn’t true but their marketing material suggests otherwise. Not all estate agents are bad, far from it. I know there are fantastic agents who listen to this podcast. I’ve met a few of them already so don’t worry guys; we’re not talking about you. But there are certainly a few London-based agents who are guilty of this practice. Barnard Marcus gets singled out by the article. I’ve not experience it with them myself, but the article says that happens.

It’s funny; I’ve been into estate agents over the last few years. I remember a lady saying to me, “Would you like to use our mortgage services?” I said no, it’s fine. I work in property. She said, “You’ll get a better rate.” I thought she might not have woken up yet, I’ll say it again, “I work in property investment and I have mortgage brokers who work with me all the time” and we carried on the conversation. But she wasn’t done, she had to try, third time lucky. Maybe she thought I was confused. She said, “It might be just worth having a chat with our brokers in case your brokers can’t get the same deals our broker can.” I just politely said, “Maybe later, let’s just see what happens.”

Wow! Even someone who works at the industry, who works with brokers on a daily basis, they push the services. God knows how pushy that agent must have been with people who don’t work in the industry. Interesting article from the Times; is it bad practice? I’ll let you decide, but it’s certainly not I would say exceptional customer service.

Rob Dix:                               I almost feel bad for the lady in your story because they must be under so much pressure to upsell services like that. I can imagine that the corporate; they must be required to ask that kind of thing. It’s not very nice for anyone. I think in the article they were saying it was to do with motivation; they want to make sure that people can proceed, they don’t want to be wasting their time with people who you can’t get mortgages or whatever. It sounds like the amount of pressure that’s being put on is totally, totally different and you shouldn’t be standing for that. You should have all your ducks in a row before you go looking. You can speak to a broker, maybe get a decision in principle and have recommendations for surveyors and solicitors so you’re ready to go or you’re ready to do viewings and put in offers, but should absolutely never be under any pressure to be tied into other services to get preferential treatment is unacceptable.

Rob Bence:                         Rob, we did enough ranting last week.

Rob Dix:                               We did, yeah.

Rob Bence:                         We said fairly mutual, that one. We have said there are good agents.

Before we get into big rant again, let’s move on to our topic of the week.

Rob Dix:                               Let’s do that. We’re going to be hopefully making you think about some things in a new way this week. We’re going to be doing some property myth busting; ‘the five biggest property investment myths busted’ is what we’re calling this segment. That’s because in property there’s a lot of received wisdom. When you look at it in a bit more detail, it doesn’t stand up to scrutiny. These aren’t malicious myths, they normally arise from well-meaning people trying to pressure you to do the same thing that worked for them without realizing that there are other ways of doing things or maybe what used to be true just isn’t relevant anymore.

We’ve picked out what we think are the biggest property myths and we’re going to go through and bust them one by one. Rob, let’s get started with this.

Rob Bence:                         The first myth is, you should only invest in London. If you’re going to invest in property, the only place you should be focused on is London. That’s definitely not true. I can understand why that myth has come about because London is doing well recently, but let’s look into it.

First of all, London is a fantastic place to invest. The fundamentals are super strong, it has everything we look out for: the transport, the investment, the jobs, the demographics, it’s all there. London is a great place to invest. But, London is not the only good place to invest. I know a lot of people in London are guilty of only ever looking in London and never leaving. I’m a Northerner so I can say that living in London, I can be cheeky. But London is not the only place that has the good fundamentals that we look for in investment. There are plenty of areas outside of London that you should invest in or consider as part of your portfolio.

On the Property News Radio, the first podcast I did was looking at property price predictions and I covered this topic in more detail. But the point is London has offered value for a while now but it can’t continue to surge forever. There are areas outside of London which offer exceptional value. Have a look at this for yourself and do your research. The yields are particularly strong outside of London and not too strong inside of London that suggests there’s value elsewhere. It’s not that you should only invest in London or you should only invest outside of London. The point being is you should mix. My portfolio is mixed and I always recommend that everyone else should be. I know Rob’s portfolio is mixed. A mix of different areas is not a bad thing so have a look at areas outside of London. Do your research if you’re not familiar with these places. If you do your research you can start to paint a picture of areas that can offer exceptional value and very good returns and good long-term prospects as well.

Rob Dix:                               I don’t have too much to add to that. I think people do and Property News Radio is the place to go because you do talk about it in a lot more detail there. London is – depends on your goals as always, doesn’t it? Because in London if you want safety and you want to have assured demand then maybe London is a place you might want to have one or two properties, but then the yields are lower and London is not immune to price shocks so it’s definitely not the only place in the UK. There is life outside the M25.

Rob Bence:                         There certainly is.

Rob Dix:                               Apparently.

Our second point is – the second myth, never invest in flats, is the myth. I just don’t think that’s true. I’ve always been a fan of flats and I’m actually a big fan of ex-local authority flats, which a lot of people aren’t. I like them because they tend to be really well proportioned and the service charges are fairly knowable and reliable. I’ve actually just bought a house and wow, do they come with the extra expenses I’d forgotten about! I find that maintenance is lower on flats.

In my opinion, there’s a lot in favour of flats. Of course there are service charges but then you can just build those charges into your figures. The service charges do actually incorporate certain costs like building insurance that you have to pay anyway.

The other thing that people talk about is the possibility of works spills and that is an issue that you have to pay a share of any of the work that gets done on the block. If it’s a large block and you don’t have any control of the process – it’s all done by private company that can be a bit uncomfortable. Smaller blocks you can band together with other leaseholders and make sure that they’re getting competitive quotes and they’re not doing unnecessary work and all the rest of it.

I don’t think that’s a major con compared to some of the advantages of investing in flats. Rob, the other factor of course is the lease and the length of the lease. I know you’ve got rule of thumb about that.

Rob Bence:                         Whenever we look at flats or apartments as an investment with the people we work with at RMP, one of the things we look at is the length of lease and we always look for apartments that have a hundred and twenty-five years or more left in the lease. There’s a reason for that, we haven’t just picked that number out randomly. The reason is, if you go through the length of the term of the mortgage – which is often twenty-five years, the average mortgage length – then at the end of that term you’re going to have a hundred years left on your lease. That’s still a good amount as far as I’m concerned because there are plenty new bills out there that come with ninety-nine year leases. If you’re after a full mortgage term of twenty-five years, you still have a hundred years. What I’m saying is you’ve got plenty of space left on that lease before anything detrimental starts happening to the prices or the mortgage availability of that property. Always look for 125+ and you’ll be fine. There’s actually quite a few out there now, developers who give 999 years which is effectively a freehold, if you think about it. One-two-five is the general rule of thumb if you’re looking by yourself; if you stick to that then you clearly reduce your risks.

Moving on, our next one – number three is you have to be a landlord. Myth number three is you have to be a landlord.

Technically you do because on paper, legally you are a landlord if you do buy-to-let and let your property out. But the term landlord suggests that you’re very much hands-on, but being a landlord is a choice in terms of the amount of work you put in.

When I say landlord, I mean that you’re hand-on full time involved in property. I believe you have a choice; you can be an investor or a landlord. So you can either be hands-on if you so wish or you can set systems up and pay for professionals that you can act as an investor and dedicate very little time to your property portfolio. If you want to deep-dive into the subject a little bit more, we’ve done an episode called Investors versus Landlord. It was one of our early episodes. It was really good actually, and really enjoyable episode. Go back and listen to that one. We’ll link to it in the show notes.

Basically, the point we come to is there are merits and benefits with taking both approaches but the most important thing to realize is you’re not forced to being full-time when you invest in property. There are things you can do to minimize your time invested that basically involves setting up systems and working with professionals. If you do the things upfront – put the efforts in upfront – your portfolio can tick away nicely in the background and requires very little of your time.

It is a choice; some people like to preach that it’s rolling up their sleeves and getting stuck in day-in day-out and it’s such a hard draft being a landlord. Yes, it can be if you want it but it’s like doing the garden; you can make it an absolute slug or you can hire a gardener. It’s up to you.

Rob Dix:                               A lot of people like getting involved and doing everything themselves and doing the maintenance and that’s fine. If you can’t get enough of your own DIY, then go and do someone else’s and come around and do mine as well while you’re at it. It doesn’t have to be that way if you don’t want it to.

It’s about the whole mentality of seeing yourself as a business owner and having the systems in place and having a staff to make sure that everything gets done without your direct involvement. It’s always a bit risky to have a business that relies a hundred per cent on your own involvement. If anything happens to you or you want to go on holiday or anything, then you don’t want things to completely fall apart. The only thing that I would say is that you do have to remember that if you use an agent or however you manage your property, the legal responsibility ultimately always stops with you. If an agent screws up and doesn’t issue a safety certificate or something like that, it is your neck on the line legally.

That’s why I’d always recommend educating yourself – as you are right now by listening to this podcast. Make sure that you know how things are meant to be working and make sure that you’re not naive and you know if your agent or whoever you put in charge is doing a poor job and you can make sure that everything is done properly. Other than that, you really don’t have to be doing it all yourself, it’s just kind of a baseline level of knowledge that you should need to be a responsible property owner.

Let’s move on to Myth Number four; big myth here. Your home is an asset. We’ve talked about this before and it’s the real crux of the book Rich Dad, Poor Dad that’s been a previous resource of the week. We both absolutely love that book and it’s a book that’s got a lot of people into property open their eyes to the whole of idea of property investment. The author of that book, Robert Kiyosaki, said everyone thinks your home is an asset but it’s really not. His definition of an asset is if it puts money in your pocket each month, then it’s an asset. If it takes money out, it’s a liability.

With your home, of course it’s not putting money in your pocket; no one is paying you for it, you have to pay out on the mortgage and bills and repairs and everything else. It’s taking money out of your pocket therefore by his definition it’s a liability. It might be going up in value on paper, but if you’re living there then you can’t exactly just liquidate it and bank the cash. You need somewhere to live. It’s a paper asset but in reality it’s a liability that’s costing you money every month.

Personally, I rent my home and I know lots of investors do as well because we know that the assets are properties where other people are paying you rent and that rent exceeds the cost of your mortgage and all your other expenses so it’s putting money in your pocket. I don’t need to own my own home because I’m getting my income and my capital appreciation from elsewhere. That is a myth that I think is a really important one to get your head around that and change your mindset around that whole thing so you realize what an asset really is.

Rob Bence:                         You’ve nailed it, Rob. For me, if you want to cause an argument around the table that’s got a lot of property owners who own their own homes, tell them that their home is not an asset and watch the conversation light up. I find all the time that people challenge me on this point. If you go through in the logic with them they’ll soon come around to it but initially they’re very protective of their homes because they do see it as their maybe future retirement fund – they’ll downsize and that’s how they’ll retire. It’s a very risky strategy, I really feel you should invest separately and not just rely on your own home to go up in value.

If you want to spark up the entertainment level on your next dinner party, start telling people their homes are not assets and see what happens.

The fifth myth is you should always buy near where you live.

A lot of property investors, their first investments are often very near to where they live. That’s understandable because it’s secure, they know it, and it’s easy to do. It feels comfortable; it’s within their comfort zones. But maybe they’re the reasons why you should look farther afield because if it is within your comfort zone then are you doing the best for your money? Is your money working hard enough? Have you just done the easy option rather than the best option? They’re not necessarily the same thing.

I’ll use an analogy here. If you have a local bank to you and that bank is returning two per cent and all your wealth is in that bank. You might be happy; it’s down the road and you can visit the bank manager whenever you want. Let’s say you live in London and you find there’s a bank in Glasgow that offers ten per cent returns. The caveat is you have to go to that bank to deposit any fund and it has to be there. You have to go to that bank if you want any dealings with it, you have to go to the branch itself, but the return is five times as much.

Personally I would bank in Glasgow even though I live just outside London because the return is so much better. View that the same as property, have a look at different areas; don’t just rule other areas out because you don’t know them initially. If you’re prepared to put the research in – research is key here – but if you’re prepared to put the research in, get familiar with other areas then you may achieve a far better return. You might be lucky and your local area may be fantastic for property investment – I picked Warrington as an area before I like. If you live in Warrington maybe you don’t have to look further afield. But if you live in a country village then that might not be the best place to invest because they yields might not be a fantastic return and the fundamentals might not be there. Maybe a brilliant place to live, but not necessarily a brilliant place to invest.

The point I’m making here is don’t limit yourself. Don’t limit yourself because your comfort zone tells you to invest nearby. Have a look at other areas and see, “Am I making the most of my money? Is my money working as hard as possible?”

Rob Dix:                               A lot of it comes down to comfort zone. There’s also the argument that you need to be nearby to fix things or whatever if you need to pop around. But we’ve already seen at the previous myth that you don’t have to do things that way. You can easily just visit your property once a year if you want to do things that way. That argument doesn’t really work if that’s how you want to set up your business.

The local knowledge argument is a strong one. If you know your area really well then how are you going to make sure that in another area you don’t buy in the bad part of town or something like that? It’s not hard to do a lot of research online now. What’s to stop you moving into a hotel in the area for a week and intensively researching the area and making contacts who can be your eyes and ears in the area? I really don’t think it’s necessary to live in it yourself; that way if you don’t particularly want to that all ties back in to the attitude of being a business owner or an investor rather than a landlord. It’s very much two sides of the same coin.

Rob Bence:                         Have you enjoyed those five myths? Probably a little bit different to what you would expect. A lot of people won’t agree with those but that’s why they’re myths, because people have just been told that and they just automatically accept it. It’s good that we’ve tackled this subject because you don’t get something to let those common beliefs which a lot of them are limiting. Make sure you understand them.

If you have any questions, just on to the website. Go to thepropertypodcast.com, go to episode twenty-two and leave a comment. Do you agree? Do you disagree? We’d love to hear!

Resource of the week, Rob! We both use this one, we both love it and it’s not because we’re cheapskates.

Rob Dix:                               It is a cheapskates paradise but it’s also really, really useful for business and it’s good for entertainment if you won’t be able to do weird things for you as well. It is fiverr.com. That’s fiverr with two R’s, F-I-V-E-R-R (dotcom). What have you bought from there?

Rob Bence:                         What haven’t I? God! Stuff I need, stuff I don’t need. The great thing is, it’s fiverr.com but it’s not five pounds, it’s five dollars so it’s like three pounds sixty-something at today’s exchange rate to get a lot of stuff done for you. It can be oh gosh, anything from intros to videos to voice-over to artwork, the list goes on. SEO stuff; you got to be very careful with that if you’re a business, I have to point out. But there are basic articles – not for the paying websites – but it may be used for sub-sites and so on. There is so much you can use there for a business but I’m sure property investors can get good use out of it as well. There’s definitely going to be tools there – gigs as they call them – which is what you buy as a gig for five dollars. There are definitely gigs there that you can buy which property investors can use as well. For example, you may use a virtual assistant for an hour for five dollars – believe it or not, you really can. You might ask them to research an area for you. It’s just crazy but you can for such little money. It’s because it’s an international market it allows people to offer gigs which seem exceptional value to people who live in expensive places.

Rob Dix:                               It’s all reviewed and everything, so you can see the ratings other people have left. You can be reasonable confident that you’re going to get a good service provided. But if you don’t and it doesn’t match your expectations, its only five dollars so why not? It’s good for even little things like website tweaks; if there’s something on your website you can’t get working you can probably get someone for five dollars to sort it out for you and save a huge amount of your own time.

You can even do silly stuff in there. There are people who sing birthday messages to your friend and all that kind of thing. There are absolutely loads. It’s really good fun and can get addictive. As an investor there are always all kinds of research and mundane tasks that you can get people to handle very cheaply for you; so very well worth a look for business and entertainment purposes.

Rob Bence:                         There’s a lot of entertainment stuff there. Rob, have you ordered the gig where you can get somebody to write your name across their face?

Rob Dix:                               Not yet, I haven’t seen that one. That’s not going to happen.

Rob Bence:                         No, no. Neither have I, no.

Rob Dix:                               Do you think The Property Podcast would fit or do we need to abbreviate it?

Rob Bence:                         If we find someone with a really big face then we might be able to.

Rob Dix:                               That could work.

Rob Bence:                         But we might not be exploiting that gig anytime soon.

Right, Rob. That’s another week done. I hope everyone’s found it useful. We’ve got a few things to keep people informed about.

We’ve got next week’s episode which is very special.

Rob Dix:                               Lisa Orme, who is a good friend of the podcast and a terrific mortgage broker, is going to be helping us through an episode which we’re calling Buy to Let Mortgages for Beginners.

We mention mortgages probably in every episode because it’s such a big part of investing but we’re not the experts and we can’t give advice in the same way that she can. Lisa is going to be providing us with some really, really great information about buy-to-let mortgages if you don’t know all the ins and outs of it which we’re going to be talking through on next week’s episode. I’m really excited about that one.

Rob Bence:                         Yeah. Don’t forget as well that to get on the mailing list as soon as possible to sign up for the secret podcast because that will be going out soon. And of course, the meet up which is at thepropertypodcast.com/meetup. Go there and find out about the event that’s happening on the 29th. We’d love to see as many of you as possible. Lovely!

That’s all, Rob! That’s another week. I look forward to catching up when we go through all the information Lisa’s got for us.

Rob Dix:                               Thank you very much everyone for listening! We’ll see you next week!

Rob Bence:                         See you! Ba-bye!

Rob Dix:                               Thanks for listening to The Property Podcast! Make sure you join our mailing list at thepropertypodcast.com.

Rob Bence:                         Remember, we love five-star reviews. Rob even loves them more than emails