my first buy-to-let property // finance, strategy, profit

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  • Опубліковано 29 жов 2024

КОМЕНТАРІ • 59

  • @dimicofinas5597
    @dimicofinas5597 Місяць тому +1

    Your videos are crazy valuable, credits to you keep it up Ahmed. 🤝

  • @kazgel2874
    @kazgel2874 Рік тому +5

    Great videos my brother. I went from medical doctor to full time developer in London, and Alhamdullilah it worked well for me. Your videos helped me drastically in my journey. Blessings onto you 🙏🏼

    • @ThatAhmedKhan
      @ThatAhmedKhan  Рік тому

      That's sounds great! I am glad I was able to help!

  • @PSILOCYBIN.
    @PSILOCYBIN. Рік тому +15

    This is suuch a high value youtube channel. Best uk property channel you and jamie york

  • @juliegeorge8533
    @juliegeorge8533 Рік тому +1

    Wow! Very useful thank-you! Thanks for the term free holder consent - that is exactly what I need as my plan is also to add value on my first rental.

  • @07baromo95
    @07baromo95 Рік тому +3

    Hi mate, absolutely fantastic work. Top class! Quick q please, when you change a let say 1 bed flat of 50m2 to 2 beds, do you not need to follow the London Floor Space Requirements? If you do, then such a deal would not work right?

  • @caamj
    @caamj Рік тому +5

    How did you raise the initial finance as a uni student?

  • @scalpmates
    @scalpmates Рік тому

    It would be great if you could show some of the behind the scenes of how you turn a 1 bed flat into a 2 bed.
    Stuff like how do you get permission, do you need building regs, how do you officially show it as a 2 bed flat? Change deeds? Etc.
    Is it as straight forward as it sounds or you could buy a 1 bed flat, not be allowed to do that change and be stuck with a 1 bed flat.

  • @oatzman213
    @oatzman213 Рік тому

    This is an excellent video, so many gems! Thank you massively!

  • @themsingh1
    @themsingh1 Рік тому +1

    Hi Ahmed, great content and no BS. Great to see your success and giving back. I have two BTLs and due to complete on a third. I have sold my residential property and should have around £100k to invest. How would you invest £100k if you were in my position and to make the best return I don't mind risks for high rewards.

  • @ellaeiveren
    @ellaeiveren 6 місяців тому

    You mentioned refurb financing. I’m assuming you don’t take out cash for the full refurbishment. What refurb financing do you use?

  • @beyond92five
    @beyond92five Рік тому +1

    Hey Ahmed, did you get BTL Bank mortgage before the refurb and then BTL refinance after refurb? fixed or variable?

  • @Xodia91
    @Xodia91 4 місяці тому

    Hi, Great video brother. Quick question. You mention at the end of the video that this project took 16 months to complete. Does that mean you were making mortgage repayments that whole time?

  • @shiabladerunner
    @shiabladerunner Рік тому

    Thanks for the video!
    how did you get such a low cost for the bridging loan ?
    £8,806 bridging cost on a 178K property???
    Does that £8,806 include the arrangement fee and interest on the loan ?

  • @propfunders
    @propfunders Рік тому

    A lot of properties I'm seeing have the kitchen next to to the lounge (not open plan), would it be advised to change the kitchen into a bedroom meaning the person would need to walk through the lounge to access the single bedroom as there are no halls separating them? It's for a flat.

  • @kyracl7318
    @kyracl7318 Рік тому

    Ahmed quick question
    Do you need planning permission to turn a 1 bedroom into two I can’t find much on this online. If the property is freehold.

  • @minchunlin5535
    @minchunlin5535 Рік тому

    very good explanation, this is high leverage investment, just need to leave enough margin of safety for cushion,
    when the valuation depreciation or the interest rate hiking 😆😆😆

  • @surabhikothari
    @surabhikothari Рік тому

    Very informative and such a nice presentation. I have a request: Could you please do a video on free order consent?

  • @rhysnewton
    @rhysnewton Рік тому +1

    When you refinance and the mortgage based on 75% LTV of the new value. Was your mortgage (refinance)on a BTL factored in before buying and refurbing the property so you didn’t lose money on renting it out. Especially with the 6% rates at the moment? Thanks for sharing the information.

  • @TheUnknownNexus
    @TheUnknownNexus Рік тому

    Ahmed, did you buy this under a limited company? Also is it interest-only mortgage?

  • @gwynmorris5852
    @gwynmorris5852 Рік тому

    I'm listening.

  • @minimiloe9731
    @minimiloe9731 Рік тому

    Great video Ahmed, just one thing I don’t understand (probably just being stupid).
    When you refinance it, your mortgage payment obviously goes up because the mortgage is higher right? So wouldn’t this mean your cash flow is actually lower now? - in that case, is it still worth refinancing?

    • @odysseasv7138
      @odysseasv7138 9 місяців тому

      Well, that’s why you search in advance how much rent to expect and what the monthly payments you your new estimated mortgage will be.

  • @alaccou
    @alaccou Рік тому

    you f**king legend Ahmed, great content!

  • @dcmeteorite606
    @dcmeteorite606 Рік тому

    Great content 👍 planning to invest in exactly the same way . Quick question
    How do you get freeholder consent and can it be refused?

  • @coolmonkey619
    @coolmonkey619 Рік тому

    Do you need proof to get lnpg

  • @darshildholakia6346
    @darshildholakia6346 Рік тому

    Great video! Had a quick question, why did you have to refinance the property on the new mortgage, could you not have kept the old, lower mortgage (less monthly payments) so you essentially take home more since the rent will still be ~ £1700?

    • @ThatAhmedKhan
      @ThatAhmedKhan  Рік тому +2

      but then your capital is tied up in the property and you can't buy more properties

  • @joelluv
    @joelluv Рік тому +1

    Hey Ahmed, we’re you working a full time job to prove income when asking for a bridging loan ?

    • @ThatAhmedKhan
      @ThatAhmedKhan  Рік тому

      no I had another business where I was doing airbnb and that paid me a salary

    • @jank4684
      @jank4684 Рік тому

      @@ThatAhmedKhanif you don’t have a business on the side but just working a full time job, is it possible to bridge loan?

    • @ThatAhmedKhan
      @ThatAhmedKhan  Рік тому +1

      yes 100%

  • @123sumom
    @123sumom Рік тому

    Great video

  • @JackVinall
    @JackVinall Рік тому

    Hi Ahmed, quick question. How long did it take to payback your bridging loan? I cant see it included in your initial cashflow costs. Did you take it as a seperate transaction?

    • @ThatAhmedKhan
      @ThatAhmedKhan  Рік тому +2

      within 12 months - it should be under finance cost

  • @aryankhalid7989
    @aryankhalid7989 Рік тому

    Bro would you recommend buying a mixed property where its commercial on the ground floor and residential flat on top?

    • @ThatAhmedKhan
      @ThatAhmedKhan  Рік тому +1

      I'm doing that now - video coming soon :)

    • @aryankhalid7989
      @aryankhalid7989 Рік тому

      @@ThatAhmedKhan Can you talk about the mortgage process in terms of needing collateral for commercial mortgages

  • @yasinnabi
    @yasinnabi Рік тому

    Making money is an art, you can only make money if you practice and master the art..... by the way I enjoyed watching your videos. a fellow creator----

  • @pablodoradoo
    @pablodoradoo Рік тому

    Property log doesn't appear for me in the chrome store. Anyone knows why?

    • @ThatAhmedKhan
      @ThatAhmedKhan  Рік тому

      That's strange - just checked on my end and it's available in the chrome store. Where are you located, btw?

    • @pablodoradoo
      @pablodoradoo Рік тому

      @@ThatAhmedKhan thank you so much for your answer I'm currently working at Bulgaria. I have searched it on Google instead of the store and it appears so that's that. I just discovered your channel today and can't wait to watch literally every video I love that you go so much into the numbers and details. That's much better than a classic super broad advice.

  • @nikkion2140
    @nikkion2140 Рік тому

    How does the current restricted lending criteria affect your strategy?

    • @ThatAhmedKhan
      @ThatAhmedKhan  Рік тому

      you just have to find properties which yield better

  • @IggySODMG
    @IggySODMG Рік тому

    khan please we need that budget excel spreadsheet broooo. Have you got a link?

  • @shraddhamittal3626
    @shraddhamittal3626 Рік тому +1

    So,,, effectively you were marketting for LNPG .... Pls Ahmed, be genuine with your UA-cam audience.

    • @ThatAhmedKhan
      @ThatAhmedKhan  Рік тому +1

      LNPG hasn’t paid me, nor am I getting any affiliate commission. It’s the best way to save money on kitchens so why would I not share that with my audience?

  • @saedfarah9603
    @saedfarah9603 2 місяці тому

    Is there anyway of doing all of this without interest, @ThatAhmedKhan?