ASK190: Help! My property isn’t making a profit! PLUS: Is there a minimum value that makes sense for a buy-to-let?

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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