Always get "landlord's boiler insurance." It costs roughly £17 a month for zero excess, including unlimited call outs, parts and labour for the boiler and central heating system including all radiators. Or, if you want more certainty regarding monthly costs, for around £30 a month you can also cover the boiler, central heating system, electrics, drains and all plumbing. These kinds of cover do not effect your regular buildings and contents insurance no matter how many claims you make. The biggest mistake I made in property was not calculating the true maintenance costs, which can be very, very variable. I would recommend that you take insurance at least for the boiler. This cover will usually also include £750 to replace the boiler, if it can't be fixed. It's much easier to factor in £17 a month, rather than take a chance on a very, very expensive boiler problem, especially as tenants have a legal right to stop rental payments if they have no hot water and no heating for a prolonged period of time.
@@JamieYork Thanks Jamie, your shows are incredicbly informative and also a lot of fun to watch. There's one nagging question in my mind: When the new government EPC rules come in for rental properties how will this effect landlords in real terms and will there be any exemptions? For example, if you're renting out a grade II listed property, will you be required to drag out the beautiful leaded windows and replace them by UPVC, (which wouldn't be allowed anyway), and therefore, would the property no longer be "rentable" without the double glazing? A tricky question, but just wondering if you could host a show regarding this, as it will be madatory in the coming years and anyone planning a portfolio should bear this in mind. Thanks
@@francissaunders4050 epc requirements will change in 2025 and its going to cripple a lot of us with older properties. Be prepared to invest 10 to 15k per property to get up to the mininum epc level of C come 2025. Be warned all and prepare
@@caryj1590 Many thanks. Actually, because of this I'm thinking of changing strategy and only investing in new build apartments from now on. This is a pity because the service charges are a factor landlord/leaseholders can't control and the capital growth is much less than investing in houses - (I know this from personal experience). But this EPC rating crap has really thrown a spanner in the works :(
@@francissaunders4050 one can still buy older propertie but you need to factor in costs to upgrade heating system and insulating walls externally or internally. This is expensive. Only worth buying older houses if you are going to gut them and completly re modernise imo.
Jamie. Great advice thanks. Got out of BTL in 2014 when rules changed. Getting back in now thanks to you and a few others on UA-cam. You mentioned "Wheat from Chaff" When wheat is havested it comes with protective shell. In sorting the wheat you remove the chaff ie the bit you dont want (the shell).
Thanks for the video Jamie, nice to see some good honest advise. I did try a property training course last year, but lost confidence when the guy doing the course said he went from 20K worth of credit card debt to being financially free in 9 months, I just thoughts they are trying to sell you a dream and more expensive courses, not tell you the truth , its bloody hard work.
@@JamieYork ronseal is a brand of decking paint and there motto is "does what it says on the tin" so he's saying you dont mess about and get straight to the point
Jamie, great content. Would be interesting to see a video about: scenario - have properties and the mortgages are coming to an end of their term - not the product the actual mortgage. If you bought ie BTL interest owner, then after 20 years you still owe the principle sum. What do you do - sell? What to do
what i learned from this video - Don't be over confident if your first couple of deals have worked well stay humble calculate risks correctly, not calculating over head costs i.e. kitchen needs replacing in 15 years or boiler needs replacing in 3 years etc can cost ££££, follow your strategy don't switch because x is doing this and is making this much ££££ - you will FAIL if you consistently try to switch because x has done 3 LOA this month ( they have educated and trained themselves in this field), Don't become frustrated and buy a crappy deal because of your motivation, use formulas (numbers - make sure they add up) not feelings, DONT compare yourself to someone who has 10 years experience to your first 6 months experience they have thicker skin in the game, instead LEARN from them so you don't make the mistakes they did, Educate yourself if you don't know something get advice or get a mentor to teach you and then progress.
APG no leasehold properties or student pods thank. Ideally HMO's in East Midlands or Birmingham but after building up a small HMO portfolio would consider potential holiday lets as well. Great content keep it up thanks Chris
I wish I had used a pro to source a property. I like the house I bought but had no idea the costs that would be involved after they changed the EPC rules.
Came across this channel recently and thank you for all the info. Wondering was there a video about over exposure? Heard about this term in couple of the videos but want to understand more about this. Thanks
Excellent content as always great advice thanks quick question what's your feeling about equity in residential property would you use that capital in investing in more BTLS
Great content, thanks! I’m seriously thinking of getting my first BTL next year. I’m based in Brighton and Hove where £180k gets you a very average studio flat. So I’ve looked elsewhere including my home town of basingstoke which I know very well but even a house in a half decent area is well out of budget. So I need to look further afield. Would you advise against looking really far from home for investment no.1 or do you think it’s the only option I have? A house is much more preferable than a flat. Or do you think go local and get a flat? Cheers
Hi , we have 8 btl properties , 6 in the Bristol area and 2 in South Wales. We are interested in going again but finding the right deal hard to find. Should we use a sourcing strategy Regards Guy Lindley
@@JamieYork Thanks man. Love the content and keep up the good work! I have completed on my first BTL deal @11% ROCE and any capital appreciation would be an additional bonus. I only learned about ROCE from your channel. :)
I used to want to do it alone, after this video, think I would give a shoot. Do you have any advice on how to find a good deal packagers or sourcers? Especially when you don't really have a lot of budget and prefer not to buy in cash. Thanks!
@@JamieYork Hey Jamie, thanks for sending this! I filled out the details around a week ago but so far haven’t had a call. I know you may be busy! Is there anything else I need to do?
Hi, I'm in my 20s and I bought a personal property in Hastings, East Sussex in 2017 on a repayment mortgage and its gone up in value by 100K, circumstances have changed and I now live 5hours away with my partner rent free. Should I sell my first property and purchase 2x BLT in my new area (Manchester) with interest only /repayment mortgage if my outcome is to own property as a means for extra cash flow and asset. Or should I hold onto the first property and change it from a residential to a BLT mortgage so I keep that property. Any opinion is appreciated. I know you aren't an accountant.
Hi Jamie, really love the videos, I’m asset rich and cash poor, with repayment mortgages. I need guidance and support to remortgage and buy more properties. Even though good videos, I don’t know enough to do it alone. Can you help. APG
Thanks for reaching out Thelma! I do train people on what to do with property. If you need help Go to bit.ly/aspireeducation and fill in your details :
"if you've got £100k and lost 20%, which I've done anyway aswell". Humble. I felt that. Haven't lost 20% but have made mistakes as well. It definitely makes you a better investor if you learn from it.
In my experience it is cheaper to not pay every month for a contract to cover a boiler. They dont go wrong that often if they are serviced annually and treated with inhibitor.
if you're such an educator start with educating yourself how to pronounce HMO - it's "an HMO" and not "a HMO" it's pronounced like in NHS or in Honest or in Honour. Not a rocket science or quantum physics. ALPHABET. I'm really sick of this.
@@JamieYork Hmm... I disagree. But then I multi-task... I don't just sit and listen/watch... I am doing numbers in the background based on what you're talking about!
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
Always get "landlord's boiler insurance." It costs roughly £17 a month for zero excess, including unlimited call outs, parts and labour for the boiler and central heating system including all radiators. Or, if you want more certainty regarding monthly costs, for around £30 a month you can also cover the boiler, central heating system, electrics, drains and all plumbing. These kinds of cover do not effect your regular buildings and contents insurance no matter how many claims you make. The biggest mistake I made in property was not calculating the true maintenance costs, which can be very, very variable. I would recommend that you take insurance at least for the boiler. This cover will usually also include £750 to replace the boiler, if it can't be fixed. It's much easier to factor in £17 a month, rather than take a chance on a very, very expensive boiler problem, especially as tenants have a legal right to stop rental payments if they have no hot water and no heating for a prolonged period of time.
Great advice!
@@JamieYork Thanks Jamie, your shows are incredicbly informative and also a lot of fun to watch. There's one nagging question in my mind: When the new government EPC rules come in for rental properties how will this effect landlords in real terms and will there be any exemptions? For example, if you're renting out a grade II listed property, will you be required to drag out the beautiful leaded windows and replace them by UPVC, (which wouldn't be allowed anyway), and therefore, would the property no longer be "rentable" without the double glazing? A tricky question, but just wondering if you could host a show regarding this, as it will be madatory in the coming years and anyone planning a portfolio should bear this in mind. Thanks
@@francissaunders4050 epc requirements will change in 2025 and its going to cripple a lot of us with older properties. Be prepared to invest 10 to 15k per property to get up to the mininum epc level of C come 2025. Be warned all and prepare
@@caryj1590 Many thanks. Actually, because of this I'm thinking of changing strategy and only investing in new build apartments from now on. This is a pity because the service charges are a factor landlord/leaseholders can't control and the capital growth is much less than investing in houses - (I know this from personal experience). But this EPC rating crap has really thrown a spanner in the works :(
@@francissaunders4050 one can still buy older propertie but you need to factor in costs to upgrade heating system and insulating walls externally or internally. This is expensive. Only worth buying older houses if you are going to gut them and completly re modernise imo.
Jamie. Great advice thanks. Got out of BTL in 2014 when rules changed. Getting back in now thanks to you and a few others on UA-cam. You mentioned "Wheat from Chaff" When wheat is havested it comes with protective shell. In sorting the wheat you remove the chaff ie the bit you dont want (the shell).
Fantastic!
Excellent video Jamie. Really down to earth, solid advice. Thanks
Excellent video! Agree that a little information is a dangerous thing, possibly more so than ignorance. I like your videos - no BS!
Great advice and honesty the more I learn about property investing the less I realise I know, if that makes sense....scary?
100% Most people don't know what they don't know and then suddenly they realise how much they don't ACTUALLY Know. Thanks for enjoying it :)
Great. You're overcoming the Dunning kruger effect
Thanks for the video Jamie, nice to see some good honest advise. I did try a property training course last year, but lost confidence when the guy doing the course said he went from 20K worth of credit card debt to being financially free in 9 months, I just thoughts they are trying to sell you a dream and more expensive courses, not tell you the truth , its bloody hard work.
It is bloody hard work mate. I run training courses too, but I like to deliver the reality, not some pipedream
You are literally the property equivalent of Ronseal. Keep up the quality content!
I have no idea who that is 😂
@@JamieYork ronseal is a brand of decking paint and there motto is "does what it says on the tin" so he's saying you dont mess about and get straight to the point
Top drawer advice as always.
Cheers mate!
Jamie, great content. Would be interesting to see a video about: scenario - have properties and the mortgages are coming to an end of their term - not the product the actual mortgage. If you bought ie BTL interest owner, then after 20 years you still owe the principle sum. What do you do - sell? What to do
Funny you say this. I've filmed one exactly for this and it is coming out in the next few weeks!
@@JamieYork Yes please. Im in this situation
@@dwjudd refinance the property again
Thanks Jamie, your videos are refreshingly honest 👍💯🤘🎉
Glad you like them!
Jamie, I have watched only three of your videos and now addicted. You talk very good sense a big thank you. David (novice 2013)
Wow, thanks
what i learned from this video - Don't be over confident if your first couple of deals have worked well stay humble calculate risks correctly, not calculating over head costs i.e. kitchen needs replacing in 15 years or boiler needs replacing in 3 years etc can cost ££££, follow your strategy don't switch because x is doing this and is making this much ££££ - you will FAIL if you consistently try to switch because x has done 3 LOA this month ( they have educated and trained themselves in this field), Don't become frustrated and buy a crappy deal because of your motivation, use formulas (numbers - make sure they add up) not feelings, DONT compare yourself to someone who has 10 years experience to your first 6 months experience they have thicker skin in the game, instead LEARN from them so you don't make the mistakes they did, Educate yourself if you don't know something get advice or get a mentor to teach you and then progress.
Education & APG - I’m interested!!
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
Great video Jamie thank you. Watched loads of yours but think this is the best one. Cheers.
Thanks bud. What was it about this one that made you like it so much?
@@JamieYork Hi Jamie, it was just a very detailed explanation and straight to the point with things. Thanks again mate.
Great video mate. Realising how much I need to learn and focus!
You can do it!
Quality advice! Thanks Jamie.
APG no leasehold properties or student pods thank. Ideally HMO's in East Midlands or Birmingham but after building up a small HMO portfolio would consider potential holiday lets as well. Great content keep it up thanks Chris
Hey Chris, thanks for reaching out! go to www.aspirepropertygroup.co.uk and fill in your details :)
Jamie great vids i apprecaite you telling boss side of the business
You bet
I wish I had used a pro to source a property. I like the house I bought but had no idea the costs that would be involved after they changed the EPC rules.
Thanks for another great video Jamie. APG
Thanks Rinat, visit www.aspirepropertygroup.co.uk and make sure to fill in your details :)
Brilliant stuff Jamie. APG
Thanks Greenfield, go to www.aspirepropertygroup.co.uk and fill in your details :)
Great video as always!!
Glad you enjoyed!
Came across this channel recently and thank you for all the info. Wondering was there a video about over exposure? Heard about this term in couple of the videos but want to understand more about this. Thanks
Great suggestion!
Looking forward to that🤩
Thank you great video!
You are welcome!
Education and apg
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
Good quality material! How to access courses etc?
Shoot me a message on Instagram @jamieyorkaspire
Excellent content as always great advice thanks quick question what's your feeling about equity in residential property would you use that capital in investing in more BTLS
Depends on your level of risk. Could use investor money instead?
Great content, thanks! I’m seriously thinking of getting my first BTL next year. I’m based in Brighton and Hove where £180k gets you a very average studio flat. So I’ve looked elsewhere including my home town of basingstoke which I know very well but even a house in a half decent area is well out of budget. So I need to look further afield. Would you advise against looking really far from home for investment no.1 or do you think it’s the only option I have? A house is much more preferable than a flat. Or do you think go local and get a flat? Cheers
Would love to know what you think of Aran Currys cash flow builder plus portfolio builder??
It’s alright I guess. I mean, I’m a direct competitor so I’d be biased 😂
Aspirepropertygroup.co.uk
Hi , we have 8 btl properties , 6 in the Bristol area and 2 in South Wales. We are interested in going again but finding the right deal hard to find. Should we use a sourcing strategy
Regards Guy Lindley
What minimum ROCE do you recommend for a BTL property?
So many things can vary in this. If I'm getting Double figures then that's better than any bank!
@@JamieYork Thanks man. Love the content and keep up the good work! I have completed on my first BTL deal @11% ROCE and any capital appreciation would be an additional bonus. I only learned about ROCE from your channel. :)
Thank you so much being so honest
I like watching and learning from you.
You are so welcome
Massive fan. Education please!
Awesome! Drop me a DM on instagram with “UA-cam” and lets chat! My insta is @jamieyorkaspire
I used to want to do it alone, after this video, think I would give a shoot. Do you have any advice on how to find a good deal packagers or sourcers? Especially when you don't really have a lot of budget and prefer not to buy in cash. Thanks!
WeSellBMV :)
@@JamieYork I got in touch and one of your representatives stood me up, I can't say I can be confident working with them
hi jamie what do you think of the brrrr strategy and can it be effective with beginners
Its an awesome strategy if done correctly!
Hi how can we connect? Love the videos!!!!
Thanks man! Dm me on insta @jamieyorkaspire
Education :) (I’m interested in your property education)
Cheers Josh Go to bit.ly/aspireeducation and fill in your details :)
@@JamieYork Hey Jamie, thanks for sending this! I filled out the details around a week ago but so far haven’t had a call. I know you may be busy! Is there anything else I need to do?
APG Please
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
What is the best option after finishing BTL term? We will still have the capital to pay
Refinance :)
Hi, I'm in my 20s and I bought a personal property in Hastings, East Sussex in 2017 on a repayment mortgage and its gone up in value by 100K, circumstances have changed and I now live 5hours away with my partner rent free. Should I sell my first property and purchase 2x BLT in my new area (Manchester) with interest only /repayment mortgage if my outcome is to own property as a means for extra cash flow and asset. Or should I hold onto the first property and change it from a residential to a BLT mortgage so I keep that property. Any opinion is appreciated. I know you aren't an accountant.
Ff
Education!
Thanks Jessica :) Drop me a DM on instagram @JamieYorkAspire and I'll let you know what I can do!
@@JamieYork thanks, I have!
APG. Followed the website link in some other comments, but it's broken
I’ve just double checked mate.
aspirepropertygroup.co.uk
Should be working fine 😊
@@JamieYork sadly not for me :(
Weird. EM me on insta and I’ll sort everything out for you @jamieyorkaspire
@@JamieYork done
Hi Jamie, Where can we get in touch with you?
Hey Adam, Instagram! Drop me a DM and we can chat! @JamieYorkAspire
Love your videos. They are easy to digest, realistic and no bs. I’ve learnt a lot. Thank you.
when do you think the property market will crash Jamie?
That is a great question!
Apg & education
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
EDUCATION
Thanks for reaching out! Go to bit.ly/aspireeducation and fill in your details :)
Education
Thanks Mike, visit www.aspirepropertygroup.co.uk and make sure to fill in your details :)
Hi Jamie, really love the videos, I’m asset rich and cash poor, with repayment mortgages. I need guidance and support to remortgage and buy more properties. Even though good videos, I don’t know enough to do it alone. Can you help.
APG
Thanks for reaching out Thelma! I do train people on what to do with property. If you need help Go to bit.ly/aspireeducation and fill in your details :
Im interested in some education regarding buy to let
Hey John, drop me a message on instagram @JamieYorkAspire and we can chat about education :)
Hello mate thanks how do i message privately via youtube
Education/APG
Hey David, Thanks for commenting. Go to www.aspirepropertygroup.co.uk and fill in your details :)
Do you think 18% R. O. I is a good return. What is your return on investment percentage target? This is just for a single buy to let. Cheers
That’s an INSANE return. I’d jump at that return
Thanks for your reply. Appreciate it
For those giving thumbs down, what is your problem. Take your thumbs somewhere else. Period.
Haha, thanks very much 😂
"if you've got £100k and lost 20%, which I've done anyway aswell". Humble. I felt that. Haven't lost 20% but have made mistakes as well. It definitely makes you a better investor if you learn from it.
100%. I love it!
We have setup a property management company. But interested in hearing about this deal packaging. Any more info?
Is this a reupload? I feel like i’ve watched this video before😅
Can you see into the future? 😉 no bud, new video :)
Hi mate. What’s the best strategy right now with £100,000 in London?
'Procrastination, thats for another video' It strikes again.
Hahaha!
@@JamieYork You can laugh but if you don't get a video up soon..... well ... what are we to think?
Nice video as always Jamie, can I get some extra EDUCATION please?
As I don't have or do Instagram
I have an email address on my "about" section so you can email me :)
You need to get instagram ;)
@@JamieYork Things I do for love
😂
Got an add before this to make 2.5k a month in 90 days 😂
Who was that? Love it!
It's not what you don't know.. it's what you think you know that just ain't so 😁
Haha there you go!
Elite Trading Property Academy is the best money I think I’ve ever spent. Thanks Jamie! Cohort 5! #aspire84
YEEEEEAH! #Aspire84
@@JamieYork Remortgaged and have the funds! HERE WE GO!!!
Education please
hanks for reaching out! Go to bit.ly/aspireeducation and fill in your details :)
👍🏽👍🏽👍🏽👍🏽👍🏽
👍🏽
Could you help?
APJ
Thanks Tony, go to www.aspirepropertygroup.co.uk and fill in your details :)
Apg
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG :O)
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks Ryan, visit www.aspirepropertygroup.co.uk and make sure to fill in your details :)
Disagree. It costs more with a contract. Get a good plumber on your side and just call them and pay them once rather than every month on a contract
I’m not sure what bit you’re disagreeing with that bud 😊
In my experience it is cheaper to not pay every month for a contract to cover a boiler. They dont go wrong that often if they are serviced annually and treated with inhibitor.
Ah yeah, I’d agree dependant on when it was installed of course
First!
So quick!
Hello
education
Thanks Akmal, if you DM on instagram and start with "UA-cam" then we can chat about how I can help you moving forwards :)
@@JamieYork i did sir🙂
if you're such an educator start with educating yourself how to pronounce HMO - it's "an HMO" and not "a HMO" it's pronounced like in NHS or in Honest or in Honour. Not a rocket science or quantum physics. ALPHABET. I'm really sick of this.
A lot of talking, not getting to the point...the key messages could have been enlisted in 2 minutes. Too bloated and Common Sense prolonged messaging.
Thanks for the feedback. I’ll aim to improve :)
@@JamieYork Hmm... I disagree. But then I multi-task... I don't just sit and listen/watch... I am doing numbers in the background based on what you're talking about!
APG please
Amazing! Head over to www.aspirepropertygroup.co.uk and one of my team will be in touch!
Education
Hey, thanks for reaching out. Go to www.aspirepropertygroup.co.uk and fill in your details :)
education
Thanks for reaching out! Go to bit.ly/aspireeducation and fill in your details :)
Apg
Hey Jackson, thanks for reach out. visit www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks Freddie, visit www.aspirepropertygroup.co.uk and make sure to fill in your details :)
Education
Thanks Daniel. Drop me a DM on instagram @JamieYorkAspire and lets chat :)
Apg
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks Joseph, visit www.aspirepropertygroup.co.uk and make sure to fill in your details :)
Education
Thanks for reaching out! Go to bit.ly/aspireeducation and fill in your details :)
Apg
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks Suhail, go to www.aspirepropertygroup.co.uk and fill in your details :)
Education
Thanks for reaching out Sara! Go to bit.ly/aspireeducation and fill in your details :)
Apg
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks Ryan, go to www.aspirepropertygroup.co.uk and fill in your details :)
Education
Thanks for reaching out! Go to bit.ly/aspireeducation and fill in your details :)
Apg
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
Education
Thanks for reaching out! Go to bit.ly/aspireeducation and fill in your details :)
APG
Thanks Marsh, go to www.aspirepropertygroup.co.uk and fill in your details :)
Education
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
I have entered the details.
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)