ASK47: Should I buy my own home or invest in property?
Tony is moving his young family back to the UK from overseas - he asks Rob and Rob if he should buy or invest?
The Property Podcast · Rob Bence and Rob Dix from The Property Hub
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Show Notes
In this week's episode, Rob & Rob discuss the pros and cons of buying a home or an investment property.
Tony has been living overseas and is looking to return to the UK with his young family - he doesn't have enough to buy in the location the family want to live and he wants to know whether to buy an investment property instead.
Rob B starts off by addressing the pros of investing in a property, then renting a home to live in. He says that if you're moving to a new area, renting will give you a chance to see if the area is actually right for you. He then goes on to say that you can build your asset base by investing in property, then use your capital to invest back into buying your own home, leading to a double win.
Rob D talks about shaking off the mindset of "You have to own your own home", and goes on to cover some of the advantage of owning your own property, such as accessing more mortgage options.
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