In this video buy to let property number #22 part 1 the purchase process you will come with me on the journey of buying the property which is great buy to let advise for UK landlords.
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In the new2property YouTube video series, you will be provided with buy to let advise and hints and tips for investors on all things related to property UK. If you are new to buy to let, an investor or landlord just getting into property and setting up a property buy to let business or just looking for some hints and tips for UK property investors this channel is for you. Its important to speak to UK estate agents and to get your estate agent questions nailed to ensure you are armed with the info you need. I offer some invaluable advise for property investors on how to invest in buy to let and break down the buy to let steps, you will also pick up some valuable landlord hints and tips. As a beginner property investor being coached by a buy to let expert and buy to let mentor will give you all you need to know on how to BTL. I am a one on one property coach who works with property investor UK and landlords guiding them through each and every step of the buy to let process. I help those new to property investing answer the questions why property invest and where to start buy to let and I also offer an online course How to Buy To Let buy to let which is a property investing for beginners guide.
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40 Comments
Hi Congrats on the purchase – what is the EPC and do you take that into account when buying a BTl?
With new tax implications coming up in November, i would think twice before diving into buy to lets.
Research the fall of the US dollar and it it will effect all debt backed markets.
Houses are the worst investments at the moment because the powers that be are preparing to abandon the current cash system and introduce a digital system.
Many won’t listen but it’s inevitable it going to happen.
Be smart, be wise and trust in Jesus Christ
Really stressful buy but worth it after all … bravo
I think but to let loans should be temporarily be banned, to stabilise the market. Yes house values will decrease a little but only to it's true market value not current inflated value. Property investors can still buy and sell homes, but at least more ownership will happen. And risk to banks will decrease in turn reducing interest rates
oh wow,great video ,the buying process took 5/6 months,never knew it can take that long
Great video,
I have made this journey many times, and you describe it perfectly, thank you. 🙂
I bought a place to rent, but due to changes next April I’m not going to bother, better off with the money in the stock market
So the best case scenario is you invest around 40k lets say you make 250 a month after all expenses 3k a year, you rent for 2 years and they move out now you may need new carpets, paint and it takes 3 months to out back on the market essentially eating i to nearly all your profit all while the s and p index is still averaging 9% a year which will be tax free if investing in a stocks and shares isa the risk reward ratio is way off. Property is good over a long time because of the IRR but is way to risky for a first timer
I e never subscribed so fast , no waffle just straight steps and facts love this guy 👌
As a property developer i dont play nickle and dime stuff and would pay 150k otherwise someone like me snap it up,Rent it out and in 7 years it doubles so I don't care about anything else.Then borrow 80% off that property and buy another.
Love the in depth talk ❤
Who was vendors solicitor?? Not PCS legal by any? chance. Had few issues with them myself .
Property no longer profitable……
It is an interest only mortgage?
Wow just came across this content, and it’s brilliant!
Nice one…very informative
How often should one remortgage a buy to let mortgage ? And for how many years should they be for?
What about the tax commitment on your rental income?
House prices in my town are exploded.
Wow you got some drive 😮
You all seem to think you’re brilliant entrepreneurs so why not buy distressed companies instead. Build them up and sell them on instead of absolutely ass fkn the property market so much so, young people can’t buy homes. I dunno 🤷♂️ just a thought
The buying process in the UK really is insanely slow sometimes. Any tips to speed it up? I've heard that in Dubai a property purchase can often be completed within a matter of days. If only it was that fast here.
Nightmare. I'm thinking of buying a rental property but man 😮
Fantastic news. The more properties you guys buy the better the lesson will be. So proud of you all who will learn what greed does. Keep up the life experience you're showing us. Much appreciated.
Hi, lm looking to get in buy to let’s. And just wanted to know if you use a spreadsheet or program to assess properties for investment?
Offered 140k 😂 that is the asking price. Should have started with 120k if it’s been on the market for a while
Do you ever come up for air 😂😂😂
A pack of Cards ! No mention of capital gains tax which will be going up in line with personal tax …and tax on your £250 a month profit and with 22 houses you will be on 40% tax …. Will end in tears !
You would have to be crazy to pay a 6750 fee
Was this a freehold or lease, m
I hope their in a company name, or se tion 24 no allowances tax wise for mortgage payments…..id put rent up a bit b4 rent cap increases, all tge best ur powering away, 5 years pull equity out take cash out country 😂,
Is that interest only mortgage?
I appreciate it’s going into a LTD Company but a calendar month profit of only £280 before tax is pretty low! Plus considering the risk of unexpected bills (outside of the 10% for voids). A burst pipe repair could easily wipe out your monthly profit in one go. You make it work but that still sounds like tiny margins, .
Hi Dan, very nice video thanks again for the great content.
How long are you fixing the mortgage rate for? 2 years? 5 years?
I think the excessive mortgage fees make it reasonable to fix the rate for 5 years despite the relatively high rate.
Wow you speak fast ha. But good stuff
What about the house insurance it's over £1200 a year?
Well done buy to let really works, but property doubles in value every 11 years that’s a great bonus,
10 percent of gross for maintenance and voids is low. You don’t mention how much you have to spend on the property in terms of cap ex?
Plz I like to know. If I set up a company and purchase a property cash (as to get good deal) . Can I still apply for mortgage in order to cash out and repeat the process?