How to Know What is a Good Property Deal
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- Опубліковано 12 вер 2024
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To be a property investor, you have to know how to find good deals and fully understand the reasons why. This information is essential to seeing which deals work and which don't.
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#SamuelLeeds #Findingpropertdeals
Hi Sam great post as always. In normal circumstances would you add refurb costs in ROI?
So if you’re total investment is 58k, on a 200k house, you’re getting £800 a month in rent. What would the mortgage be on that?
Because to work out the annual profit to get the final ‘Roi’ you would need to be able to work out the monthly expenses to get the annual profit to figure out the final equation. As I have never had a mortgage or applied for one before I don’t know this answer. But am i right in thinking this way is correct Samuel?
Mortgage would be approx £340 if you got a interest rate of 2.7% which is quite normal
Would mean monthly profit is 320 after keeping 20% for voids, maintenance and management. Therefore, not a great investment at all
(Annual profit from rent / total cash in) x 100. On your example, the ROI would be around 6.3%
@@rezamotin7305 Also u are not calculating the profit on the BMV (Below Market Value) since your also making profits on the total value of the house.
@@TotalR3coil-LutiPlays he asked what the mortgage and annual profit would be. Capital gains isn’t included in ROI bc its an uncontrolled variable. Also we don’t plan to sell renters so house price isn’t taken into account even when remortgaging
@@rezamotin7305 what figures would these be sorry is it 320 divided by 58? Then times by 100 which gives 0.55. Just confused myself and not too sure how you get the %
Awesome news for someone starting out very very good start 👍 👏 🤙
Thank you Samuel. Much appreciated always
An example of the 200k house Hmo formula works
You need to look at a 3 bed house and ask yourself how can you make this 3 bed house a 6 bed house charging 600 a room per month x 6 rooms which gives you 3k-4k a month depending on area and how you price your rooms etc
but youll need to add a dining room eg kitchen diner and have 2 seperate bathrooms with showers for 6 tenants and get a licence
200k house needs to be a
3 bed terraced ideally or
3 bed Semi Detached house
Very near a bus route to the town centre eg a 10 min bus ride
Ideally that passes the train station on way to the bus station etc and less than 5 mins to a shop convenience store that opens early and closes late etc
200k house
3 bed terraced house
Make the living room a bedroom
Make the dining room a bedroom
So the 3 bed terraced is now a 5 bed terraced house and make the cellar if the terraced has one a flat
Now the 3 bed terraced house is a
6 bed terraced house
If the terraced house has a garage or the 3 bed Semi Detached house has an adjoining garage you make the garage in to a bedroom
Either way the 3 bed 200k house is now a 6 bed terraced house or
3 bed Semi Detached house is a
6 bed Semi Detached house
The garage or cellar can rent offsets the lower rent for the smaller box room lower rent etc
Then look on
Spareroom dot co uk
Type in your area and browse the listings which are the listings that the tenants browse and you'll see what landlords provide in their rooms for their tenants and the facilities in the communal areas
Etc and click on all the boxes in the room rental ads and you'll see how landlords price each room and what deposit they charge etc and what bills they include etc
Or if you are a potential landlord wanting to buy a house to rent out etc why not rent a room in a good hmo for 3 months and see how the landlord manages the hmo from a tenants perspective which will give you ideas on how you want to manage your house when you become a landlord etc
As a guru-phobe - I approve of these lessons.
Hi Samuel,Your example shows 16% ROI. Is this average, good? Bad ? Excellent? Or just ok?
Above average ill say hitting excellent
How do you even negotiate with offers when it's not an auction - most estate agents don't allow you to negotiate in the UK. You just need to put an offer in? Does this make sense, currently trying to buy a house on a mortgage.
12:23 Does Simon Zutshi come to mind?
That’s me in the background!! 😆 This is my favourite way to spend a Saturday. 🙏🏻 If you’re not earning, you’re learning. I would totally be there tomorrow but I am helping my brother in law with his social media for his business. 💪🏻 Have fun everyone!! ❤️
I´m there too! Woo
You enjoy spending your Saturday getting scammed?
@@Divisibly9610 I’m financially free now so to answer your question, I enjoy spending a Saturday getting educated. Try it.
@@patriciakilty Take a look at any one of his videos and take a critical look at it. Now do some research of any single 'technique' he teaches you and realise that's he's not being completely honest with you about how easy anything is. Pick a video and his values and figures will change minutes apart. The very fact he makes more money of his training course than his property business (which he openly admits in a podcast) should tell you all you need to know about his expertise.
How do you calculate the ECA?
It's better to buy full cash or mortgage
Do you need to tell estate agents that you are buying with BTL mortgage before offering?
Yes it's in your best interests that your agent knows your approach and purchase strategy so he'd get you a good deal. what state is your property in?
Grate work 🎉
Top tips 👌🏼
Good information I want to do it just found u on yt thnx
Hi Sam can i join a crash course online?
cash purchase 100% BMV ROI mr leeds. Sale it get back £200k or more
BEST VALUEFULL VIDEO EVERRRR 👈🏼👈🏼👈🏼👈🏼👈🏼👈🏼👈🏼👈🏼👈🏼👈🏼👈🏼 I MEAN THIS
Investing made simple.
You are not SL.
Reality check, I bought a property on auction and I made a video showing the full costs of the project. Check it out and see if this is something you would like to get into.😂
@Samuel Leeds ok mate I will talk to him. 👍
whenever i think of the legend Samuel Leeds i think of when he completely destroyed the uneducated "pokemon banks"
26 seconds .... came early
Thanks Samuel for all the knowledge you give us
@Samuel Leeds thanks
👍🏻👍🏻
first
🔥🔥
NLP crap