ASK321: What does the property cycle mean for my mortgages? PLUS: How do I turn my refurbs into a business?

Rob & Rob are back with another round of listener questions!  First up we’ve got a question from Mike.  Mike’s mortgages are due for renewal soon, and he’s been considering whether he should get a two- or five-year fixed rate.  With five-year fixed rates being pretty good at the moment he’s leaning more towards this, but after taking a closer look at the 18-year property cycle this fixed rate might end around the same time as a crash.  What he wants to know is what Rob & Rob would do? Should he get a two-year fixed rate and then a five after or get the five now and hope for the best!  The guys share some helpful advice, but thankfully we’ve got another perfect podcast episode that might just help him out.   Find out how to use leverage in a boom and crash right here.  Next up, David wants to know how he can turn his recent renovation projects into a business.  David has completed a couple of refurbs over the last 3 years and he’s looking at how he can turn this success into a business.  Controversially Rob & Rob have actually discussed this on The Property Podcast before and revealed why property is a terrible way to make money.  Tune in to find out what tips the guys have got for him.  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).   Or if you prefer, click here to leave a recording via your computer instead.  The next question on Ask Rob & Rob could be yours.   Have you joined us over on the Property Hub Forum yet? Our online community is friendly, informative, and the members are waiting to welcome you with open arms. So, get yourself over and introduce yourself.  See omnystudio.com/listener for privacy information.