Property investment is not a short term business. The business becomes better and more profitable as your portfolio and experience increases. I like your risk taking mindset.
Well done!! proud of you!. I think you were lucky with the insurance tenant. The agent is actually right, as in most cases, making a property fully furnished does not really make much difference in the asking rent and not worth it given the amount spent on buying furniture . Also gives you additional headache and stress in terms of replacement and maintenance. I also find that professionals tend to buy their own furniture and create their own style in the property and tend to stay a lot longer .... in my experience.
Hi Jadesola, excellent video! very informative I’m also looking to purchase a property soon to rent out as serviced accommodation. Any advice on getting the right mortgage for a house if you want to do SA or holiday lets? Because I imagine BTL mortgages won’t let you rent it out on anything other than AST which requires tennant to stay in for at least 6 months
You’re right, you’re likely to need a holiday let mortgage for that. The only thing to consider though is that the loan to value ratio is usually lower which could be like 60% which means you will need 40% deposit. Some lenders also want to see a track record of managing an SA before lending. However, speak to a mortgage broker so they can guide you properly on the mortgage requirements.
Can you please do a video on which checks to do on tenants before deciding to rent to them, especially when there is a lot of interest from open rent please?
Hi Jade, thank you so much for making these videos 👏👏👏👏. I have a question, what do you think of buying a property investment when one hasn’t maxed out their stocks and shares ISA?
Most investors choose the interest only option because the monthly payment is Lower which then frees up your cash flow for other expenses or to use in the purchase of other properties.
Trakker basically is variable. it goes up and down depending on the movement of the cash rate by the Reserve Bank/Bank of England and movement in interest rates (up and down) by the bank.
I live in London but I want to get a buy to let in Liverpool area. Funny enough, I have not been to Liverpool before and I am not familiar with the terrain. Please what part of Liverpool would you recommend.
If you have the time, I’d say visit the city to feel the vibe. I also believe that your strategy and the type of tenant you want should also influence the part of the city you invest in. For example, city Center and anfield area are good for serviced accommodation because of the close proximity to the stadium and tourist attractions. Areas like Kensington and wavertree are good for student hmos because they are close to the Universities. But any area would work for normal buy to let.
I believe every area in Liverpool is good and has its market as well. There are atleast 4 universities in Liverpool so it’s good for HMOs, the city has 2 stadiums and a racecourse a nice beach and there’s also lots of gentrification happening there.
It’s not a bad idea if you find a good one that you can trust. It will increase your cost though but it can be helpful if you don’t have the time to do it yourself.
In the UK when you take a mortgage of say 30 years, you don’t have the same interest rate for the entire mortgage period. You are presented with the option to choose an initial term which could be 2years or 5 years. These initial terms would have interest rate options with could be a fixed rate or a variable/tracker rate. Your interest rate within that initial term would not change if you select the fixed rate option but the your interest may change on the variable/tracker rate if the bank on England base rate changes. My interest rate being a tracker rate has slightly reduced because the base rate reduced in 2024. I hope this helps.
It looks like the apartment is cheaper there. I have house in one of Germany village. The house was bought last year for almost 200k EUR but it has 120qm. The monthly payment is 1200€ and 1000€ goes to bank 200€ is utilities like water, tax and insurance. I don't keep anything for myself for now because the plan is long time goal.
Meanwhile, did you take into account the outstanding principal? How is it going to be repaid at d end of 30years? Do u have the right to sell the property before the 30 years expiration?
Hello Jadesola, I am in the same business as well therefore for me the best way to attract people trying to relocate is maybe trying all university forums or open groups where there are many people looking for furnished home already. This if you are looking for students.but if you are looking for professionals the best are hospital doctors or other professionals who are looking for place already sorted out as they have to work in a determined place for some times such as 2/3 years… I work in hospital and I know many of them. I think they are good one to target and most time they have groups on Facebook where u can advertise your property.
Please actually the toilet you have fully done I think it’s money well spent as you do not have to worried about the toilet and it will take u a while before starting to worried about it therefore for me is a good investment and u didn’t do it with your own money which for me it’s already a win. One question: moving to Liverpool is it something you will consider if your business expand? Which I am sure it will in Jesus name as I think u have all qualities to be successful.
Yes and no. The builder is good. The only challenge is that he’s not always available and he’s also a little pricey. If you still want his details please dm me, my details are in my bio
Hi Jade, thank you so much for making these videos 👏👏👏👏. I have a question, what do you think of buying a property investment when one hasn’t maxed out their stocks and shares ISA?
Well done Jade, I like the idea of giving us clear and raw numbers.
Thank you so much 😊
Property investment is not a short term business. The business becomes better and more profitable as your portfolio and experience increases. I like your risk taking mindset.
💯 agree.
Very infomative video. Thanks Jade. I noticed you did not mention the furnishing cost. Apologies if I missed it
No worries! I talked about it in another video ua-cam.com/video/UPn-eyDK0bA/v-deo.html
Thank you Jade❤
Thank you for watching
Well done!! proud of you!. I think you were lucky with the insurance tenant. The agent is actually right, as in most cases, making a property fully furnished does not really make much difference in the asking rent and not worth it given the amount spent on buying furniture . Also gives you additional headache and stress in terms of replacement and maintenance.
I also find that professionals tend to buy their own furniture and create their own style in the property and tend to stay a lot longer .... in my experience.
You’re right. It makes it more challenging finding tenants who require a furnished home.
Hi Jadesola, excellent video! very informative I’m also looking to purchase a property soon to rent out as serviced accommodation. Any advice on getting the right mortgage for a house if you want to do SA or holiday lets? Because I imagine BTL mortgages won’t let you rent it out on anything other than AST which requires tennant to stay in for at least 6 months
You’re right, you’re likely to need a holiday let mortgage for that. The only thing to consider though is that the loan to value ratio is usually lower which could be like 60% which means you will need 40% deposit. Some lenders also want to see a track record of managing an SA before lending. However, speak to a mortgage broker so they can guide you properly on the mortgage requirements.
Can you please do a video on which checks to do on tenants before deciding to rent to them, especially when there is a lot of interest from open rent please?
That’s a good idea. I’ll add it to my content plan.
That’s a good idea. I’ll add it to my content plan.
Can you do a video on what to do when tenants stop paying. Thanks
Well done, an impressive gross-margin for a start
Thank you so much 😊
Thanks so much, I found this video very helpful
Thank you for watching
Hi Jade, thank you so much for making these videos 👏👏👏👏. I have a question, what do you think of buying a property investment when one hasn’t maxed out their stocks and shares ISA?
Kindly rephrase your question. I’m not sure I understand it.
How and where did you find your Liverpool property? And how is it doing, what postcode is it in? Thanks
I found my properties on rightmove and zoopla. They are in the anfield area
Very interesting! I can't wait to hear what next investments you do! Any desire to invest in other english cities or do you prefer liverpool
Everything boils down to money. I’d love to own investment properties in London😁
Hi Jadesola
Thank you for the insightful video
I'd like to know why you opted for an interest-only mortgage vs a conventional one?
Most investors choose the interest only option because the monthly payment is Lower which then frees up your cash flow for other expenses or to use in the purchase of other properties.
Trakker basically is variable.
it goes up and down depending on the movement of the cash rate by the Reserve Bank/Bank of England and movement in interest rates (up and down) by the bank.
💯
@@TalkwithJadesola how can you be reached privately?
Finally! I have been waiting for this video 😅
Haha. I bet you had not even watched the video before leaving the comment 😂
I live in London but I want to get a buy to let in Liverpool area. Funny enough, I have not been to Liverpool before and I am not familiar with the terrain. Please what part of Liverpool would you recommend.
If you have the time, I’d say visit the city to feel the vibe. I also believe that your strategy and the type of tenant you want should also influence the part of the city you invest in. For example, city Center and anfield area are good for serviced accommodation because of the close proximity to the stadium and tourist attractions. Areas like Kensington and wavertree are good for student hmos because they are close to the Universities. But any area would work for normal buy to let.
Thank you ❤
Thank you for watching
What about serviced accommodation, like Airbnb. Does your buy to let mortgage allows you to do that?
Most BTL mortgages don’t. Ideally you need to get a holiday let mortgage to do an Airbnb. It usually requires a higher deposit as well.
Try housing anywhere. It’s geared towards those type of tenants. Nice one, 1900 for Liverpool is really good. Did you buy this in your name or Ltd?
I am on their platform and I think I’ve only gotten 1 enquiry from signing up over a year now. Yes the property is in a ltd company
I’ve been on their platform for over a year now and I’ve only gotten 1 enquiry so far…And yes the property was bought in a Ltd company.
Would be good to know areas in Liverpool that are good for investment properties.
I believe every area in Liverpool is good and has its market as well. There are atleast 4 universities in Liverpool so it’s good for HMOs, the city has 2 stadiums and a racecourse a nice beach and there’s also lots of gentrification happening there.
Hi Jadesola. What is your take on using Property Sourcer?
It’s not a bad idea if you find a good one that you can trust. It will increase your cost though but it can be helpful if you don’t have the time to do it yourself.
If you were locked in for two years and you bought the property in 2023, how were you able to take advantage of the BE base rate? Bit confusing
In the UK when you take a mortgage of say 30 years, you don’t have the same interest rate for the entire mortgage period. You are presented with the option to choose an initial term which could be 2years or 5 years. These initial terms would have interest rate options with could be a fixed rate or a variable/tracker rate. Your interest rate within that initial term would not change if you select the fixed rate option but the your interest may change on the variable/tracker rate if the bank on England base rate changes. My interest rate being a tracker rate has slightly reduced because the base rate reduced in 2024. I hope this helps.
@@TalkwithJadesolagotcha
It looks like the apartment is cheaper there. I have house in one of Germany village. The house was bought last year for almost 200k EUR but it has 120qm. The monthly payment is 1200€ and 1000€ goes to bank 200€ is utilities like water, tax and insurance. I don't keep anything for myself for now because the plan is long time goal.
Property prices are cheaper in the north of England and that’s where I currently invest
Meanwhile, did you take into account the outstanding principal? How is it going to be repaid at d end of 30years? Do u have the right to sell the property before the 30 years expiration?
Would you recommend those who did the bathroom for you? If yes could you give me their details? Thanks
Hello Jadesola,
I am in the same business as well therefore for me the best way to attract people trying to relocate is maybe trying all university forums or open groups where there are many people looking for furnished home already. This if you are looking for students.but if you are looking for professionals the best are hospital doctors or other professionals who are looking for place already sorted out as they have to work in a determined place for some times such as 2/3 years… I work in hospital and I know many of them. I think they are good one to target and most time they have groups on Facebook where u can advertise your property.
Please actually the toilet you have fully done I think it’s money well spent as you do not have to worried about the toilet and it will take u a while before starting to worried about it therefore for me is a good investment and u didn’t do it with your own money which for me it’s already a win. One question: moving to Liverpool is it something you will consider if your business expand? Which I am sure it will in Jesus name as I think u have all qualities to be successful.
Yes and no. The builder is good. The only challenge is that he’s not always available and he’s also a little pricey. If you still want his details please dm me, my details are in my bio
This is brilliant. I’d love to target professionals. Do you know any specific Facebook group to join to connect with the hospital doctors community?
To be honest I’m not sure I can live in Liverpool long term. It’s too cold😀
Have you tried the council ?
No I haven’t. I’ll explore that option. Thank you 🙏🏿
So why are you not mentioning anything about short term lets, Its pretty obvious that you understand serviced accommodation.
I plan to make a video about serviced accommodation in the near future.
do u have a twitter handle?
I do but I can’t even remember it as it’s not a platform I use often
@TalkwithJadesola do you have any other means, one can reach out to you with?
@ my details are in my bio
If you can link up with travel agencies back home who specialize in student visa application, it would also help.
That sounds like a good idea. I’ll explore it. Thank you
Thank you❤
Thank you for watching
Hi Jade, thank you so much for making these videos 👏👏👏👏. I have a question, what do you think of buying a property investment when one hasn’t maxed out their stocks and shares ISA?
I am not sure I fully understand what you mean. Do you mean lifetime ISA ?