ASK336: Should I invest before buying my own home? PLUS: What software do you use?

Rob & Rob are back with some more listener questions! 

Starting us off this week is Jack. 

Jack and his partner have recently sold their first property and have moved back in with family whilst they search for their new home. 

Of course, this means they’ve got a chunk of cash lying around at the minute and Jack is wondering what they should do with it. 

As they’re hoping to purchase their first investment property soon should they dip into this cash and use it for a deposit to buy their investment property instead of a home for themselves? 

Their residential home will be higher in value than any investment property they purchase, so with this in mind and the stamp duty implications do Rob & Rob think they should buy the investment property before their home? 

Next up we’ve got another great question from Joe. 

Joe’s a young landlord and currently has one property that he rents out as a holiday let. 

He’s hoping to expand his portfolio, but before he does, he wants to make sure he’s prepared.  

As his portfolio increases, he’d like to ensure he can keep it as professional as possible and easy to manage so he can crunch all the numbers, keeping a watchful eye on his finances. 

He’s had a look on the market and has come across Lendlord. What he wants to know is, is there any magical software out there that Rob & Rob currently use and would recommend OR do they keep it classic with a good old trusty excel sheet? 

Tune in and hear what the guys have got to say. 

Do you have a buy-to-let or property investment related question for Rob & Rob? You could feature on the next episode by giving us a call on 013 808 00035 and leaving a message with your name and question (normal UK call rates apply).  

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