I Just Bought My Fourth Commercial Investment Property
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- Опубліковано 31 тра 2024
- I recently bought my fourth commercial investment property. I show you around it and explain why I bought it, how much down and how much back I get as a passive income, and what I see as the potential development angles to it.
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00:00 What you'll learn
00:41 The Commercial Investment Property Tour A
01:23 The Opportunity and Tour B
02:11 The Pros
06:27 The Cons
10:19 Due Diligence Key Lessons
15:10 The Numbers
17:29 Development Angles
#commercialproperty #propertyinvesting #financialfreedom
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Best commercial property channel by far!!
Thanks Tim 😀
amazing video thanks
Congrats!!!
Spoil use plenty more with great commercial property investing content.
All the best in your property journey Stephen👌💥🍾
Good man, thank you for sharing your knowledge 😊👍 Subscribed, will be waiting for more episodes 😊
OMG!!! people charge £1000s to open their mouth. Hats off for sharing your experience.
Thanks for watching I'm pleased you found it helpful.
Fabulous instructional video...thank you Stephen....just going to sign up for your course.
Thanks for the kind words. 👍
..it has Stephen - inspired me to continue the hunt for first commercial. So much of my time searching feels unproductive. Though, watching your video just now is a boost to continue. You're generous with info. and don't dally, but speedily wizz through a lot of important issues. Thank you very much.
That’s great to hear. 👍
This has to be one of my favourite videos, inspiring and to hear first hand every step you took ... Thank you for sharing... Quick question how is the Sheffield commercial building going and the card shop commercial and residential building going an update video on both would be great to see :)
Well done indeed .Thank you for this👍
Glad you enjoyed it 👍
Amazing video as always, you’re becoming my favourite property Channel
Thanks Noble that’s great to hear. 👍
have you got a list of the tenant interview questions?
Really interesting video Stephen, thanks for the detail!
Hey Justin, pleased you got some value from it.
Great video like always!
Thanks I'm pleased to hear that!
@@StephenDuncombetv where is property located?
Your videos are great and super inspirational. I have only ever done resi i need. Some guidance for commercial
you are so clued up.
Thanks for the kind words.
Nice Video 👍 - would be interesting to have a video on the commercial mortgage.
Is it interest only like a residential BTL? I assume lenders want a 40% deposit?
Great suggestion! You can get either and now you can get them with 30% down as a general rule.
Do you have a questionnaire which we could see about the due dillegence and questions that should be asked when buying commercial?
In which city/town was this property? Or if you don't want to share, would you be happy to share in which county the property was?
Hi Stephen. As you managed to avoid VAT on the purchase does this mean you don’t charge VAT to your tenant for the monthly rent ? Loving your videos they are easy to understand and you seem up front and honest.
Hi no you still charge vat as you are vat registered to transfer as a going concern. Thanks for the kind feedback 👍
Would love it invest further into commercial property. I currently own 1 commercial premises and am going to covert the upper floors into 2 flats. I’d then going to refinance them and invest the money, but I’d love some guidance and mentoring. Would you be interested or open to mentoring at all? Many thanks
Send me an email and I can see if I can help you. You’ll find it on the about page on my channel.
Hi, You mentioned the tenant spent 500k in upgrading the property.
In terms of the capital allowances, do you get to offset the rental income against that or does that amount belong to the tenant?
The tenant did not spend it. The owner did but they also signed a lease and so also a tenant. But either way capital allowances are with the company that spends it. You can transfer capital allowances as part of the purchase agreement if you ask for them and agree it as part of the deal.
I found a commercial property in my local town for £20,000. With the monthly yield of £666. I’m hesitating because I am an absolute serious novice like… Serious novice!
Sounds good. Key thing is to look at the lease terms and demand for that property in the future if the tenant left. I always perform a tenant interview to see if they like the property and if their business is growing etc. difficult if you have no ideas though. Seek out someone to help you who has done it before.
What sort of business was it?
💚
I thought there was no SDLT to pay on commercial?
Would love that. You still pay SDLT. It’s less than residential though based on a similar tier system.
Has Capital Allowances been claimed on it?
Yes just £2 passed across at purchase as they said the rest was claimed.
Ola Stphen, are in interested in commercial properties in portugal? Seaside boomi g city Algarve?? Has a 15 yr lease with it
Not unless the cap rates are over 20%. I can buy 15 year leases properties in the UK and earn GBP and understand the market dynamics better here. The reward would need to outway the risk.
Can u remortgage a commercial property.
Yes, works pretty much the same as btl would.
What tax percentage are you paying? After tax doesn’t seem like there would be any profit.
It’s owned in a company. It’s 19% for companies at the moment plus you can deduct expenses like mortgages interest etc.
@@StephenDuncombetv thank you Stephen
What are your due dilligance questions?