ASK246: How do I develop local knowledge? PLUS: What are the benefits of buying with a mortgage?

This week on Ask Rob & Rob, the guys are helping one caller up his location knowledge and explaining why buying with a mortgage is the better option.

First up this week is Chris from London. He’s been talking to another investor about a property in Bootle, Liverpool. 

However this investor has informed Chris that the street isn’t exactly the best or the most desirable in the area and that he should look elsewhere. 

So now Chris is wondering if house prices can really differ that much street by street and with being based down south, how can he gain local property knowledge in different locations? 

Naturally this question was made for Rob B so what does he recommend Chris do to improve his location knowledge? 

Next up we’ve got Marlon who’s looking to find out what the benefits are of buying with a mortgage as opposed to purchasing in cash if you’re able to?

His reason for asking is that he’s got 60% of the property purchase price and the oher 40% will be loaned to him by a family member, which he will go on to pay back like a mortgage, but without any interest and at a more flexible rate. 

If you’ve been thinking about purchasing in cash, you’ll probably want to listen to this episode first, along with this podcast episode and take this course. 

Enjoy!

 

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