This week on Ask Rob & Rob, John asked:
Is this a good strategy for a newbie?
This question is specifically about delayed completion – where you pay a certain amount up front, (generally 10%, but this is negotiable) and cover the mortgage for a period of time before you complete. It also mentions option to buy, which is a little different, in that you take over the property but within a set time period you can buy it, although you don’t have to.
The advantage of understanding these strategies is the variety of options they give you, but there are downsides too. They’re not straightforward strategies, and therefore not recommended for newbies. A sensible tactic would be to talk to more people, come to Property Hub meetups, and canvas opinion about other strategies and what the best options are for you.
Ask your own question to Rob & Rob!
Don’t be shy! All you need to do is leave a message with your name and whatever’s on your mind.
Just pick up the phone and call 013 808 00035 (normal UK call rates apply).
Or if you prefer, click here to leave a recording via your computer instead.
Need more answers?
The Property Hub Summit is the place to get all your questions personally answered by Rob & Rob, and build a network of other smart, motivated investors.
Over the course of a full day at a swanky hotel we’ll help you set your goals, form a plan to get you there, overcome your obstacles, and give you the support system you need to make sure nothing gets in your way.
Just don’t hang around – there are only four Summits each year, and just 16 places available at each!
Interested? Click here to find out more.