These ppl fuck up communites etc which family want hmo as neighbours ???? Happened to me recently 8 ppl some kurd, afghans, jamaicans fighting everday amongst themselves.
Know the feeling sadly. Have a hmo down my road. Thankfully touch wood now it's gone quiet but before would hear loud music every weekend, uninsured cars parking there and anti social behaviour. Personally if I did a hmo I'd do it near to a hospital or university as I know it'll likely have uni students or healthcare professionals living there than the illiterate people
Agreed, minimum room size is 6.5 sqm for HMOs. But I will say out of the investors I’ve met that do HMOs, they all aim to provide 8 sqm rooms and above.
Yes, but only because the investors are afraid that the rules might slightly change in the near future, preventing them from renting out a room as a bedroom, so they keep a margin.
HMOs are great, but it’s a real sad time that there is profit and money in housing refugees through the government when we have a huge immigration problem. The UK is in a sorry state
Lots of ways that HMOs can be run now. Re housing refugees, il be honest in saying I’ve heard there are some mixed opinions out there - some people are very pro the social housing strategy, and some people really not.
I agree, illegal immigrants or refugees as we like to call them should be remanded in custody and then sent back. If we spent money on boats rather than nice cosy little government paid for houses no where near as many would come.
Where is your heart ? We need to make these people welcome and comfortable. So they can call their brothers back home and tell them how good the British people are to them - come on over brother, bring the kids as well....
I don’t want to play devils advocate but it seems like with the current Labour government favouring immigrants legal or illegally social housing might be the safest bet in property as they are penalising near enough every other approach to be entrepreneurial. May as well swim with the current and not against it regardless if it’s coming out of out tax’s at least you can get on the other side of it.
So this is what tax payers are paying our government and council 'officials' (inspectors) to do ? Write down a list like filling holes in a ceiling or removing a coat hook off the back of a door. Probably pay the inspector £35k a year. The control our government is now imposing on everyone is ridiculous. No wonder our society is disentegrating. This money should be spent on providing training and opportunities to the young people who are our future - not on a hook and hole inspector.
@@1414141x our society is disintegrating because all our taxes are going to people like this, who are providing slum accommodation. The fact HMO's are even allowed is a disgusting step backwards!
I wish him to live next to the his houses and enjoying staying in the area . Absolutely killer for towns and areas where he buying houses. Disgusting business.
There’s a lot of hate in these comments. He’s not an active criminal, he’s providing services for local authorities, paying tax and employing services providers in the construction industry. Your lack of,,, is not his fault.
Sick and informative video! I’ve known Luigi personally for a good 7+ years and even used to work in the same call centre as him before he even got his first property, his journey is inspiring and legit! You should learn something from him rather than being haters!
One of the problem with the "haters" is that they don't understand the risk taking of investors like Luigi. There is always the underlying idea "Oh, it's all evil and it's so easy to make lots of money" ... No, it is not. First of all, the margins in the property sector are more often slim than BIG. Also, competition is what increases the quality of housing. Most of the UK's property is low quality and with investors coming into the market there is a chance that -- once demand vanishes slightly -- the quality of supply increases.
I grew up in a house my mum bought for £10 million. I started from scratch and managed to buy 150 houses, and now I earn £190,000 every month. You too can achieve the same success-if you grew up in a £10 million house, attended a private school, and studied at a Red Brick university, while always having access to loans for any amount from the bank. See how equal our chances are?
@@MaxWolf-s9y that is a negative mindset mate.. I grew up in a house that my mum bought for 80k Started off with £6,000 and have build a £7M property portfolio by using joint venture strategy and BRRR method. With joint ventures my JV partner will fund 100% of the deal and we split the monthly profit 50/50 I don’t think that is a good message to send people as many billionaires in the world started out from scratch
@@LNCapital Building a property portfolio starting from scratch in 2024 using the BRRR (Buy, Refurbish, Rent, Refinance, Repeat) strategy and joint ventures (JVs) could still be possible, but several factors make it much harder today compared to previous decades. Here's why: 1. Market Conditions Have Changed Higher Property Prices: Property prices have significantly increased since the 80k house days. This means that the barrier to entry is much higher, requiring more capital or leverage to get started. Higher Interest Rates: Rising interest rates in 2024 mean borrowing costs are higher, which reduces profitability on deals, especially in the early stages. Stricter Lending Rules: Banks and lenders have become more cautious and impose stricter affordability and loan-to-value (LTV) criteria. 2. JV Partners Are Harder to Secure Trust Issues: If someone is starting from scratch with no track record, convincing a JV partner to fund 100% of deals can be difficult. Partners often want to see experience, a portfolio, or personal investment in the deal. Competition: The market is saturated with experienced investors looking for funding, making it harder for newcomers to secure JV partnerships. 3. BRRR Is Tougher Now Overpriced Properties: The BRRR model relies on buying undervalued properties to refurbish and increase their worth. In today's competitive market, finding such properties is harder as investors quickly snap them up. Refinancing Challenges: Post-refurbishment, refinancing to pull out equity is less straightforward. Lenders now scrutinise valuations more closely, and pulling out the full investment amount is increasingly rare. 4. Increased Costs Refurbishment Costs: Labour and materials have seen inflation, which cuts into potential profits. Taxation Changes: In the UK, for example, buy-to-let investors face higher taxes, such as the removal of mortgage interest tax relief and the 3% stamp duty surcharge on additional properties. 5. Networking and Education Aren't Free Barrier to Entry: Building a network, learning the industry, and gaining credibility all require time and often money. Someone starting in 2024 may struggle without these initial investments. 6. Economic Uncertainty The current economic climate (e.g., inflation, cost of living crisis) makes rental yields less predictable. Tenants may default, and operating costs (like energy bills) are higher.
He didn’t say that though did he? I hate people like you, always has every excuse why someone has it easier than you but do nothing to get to work. At the same time there are people that are less fortunate than you working incredibly without complaining. Get off your arse and stop bitching
Which mortgage lenders are you using for social housing HMO's? I looked into single lets with serco and it looked like the main mortgage lenders wouldn't touch it.
@IggySODMG Yes, if you think about it, the landlord doesn't control the property, has no knowledge of who the tenants are, so the risk is higher for lenders.
Hi mate the mortgage broker that I use can help you get a lender that is happy with social housing HMO’s or social housing They are called Mortgage Style Just say Luigi referred you
HMO r disgusting I currently live in 1 myself in the city of Liverpool I generally share a normal 2 bed flat with 2 other guys , which has been converted to a 3 bedrooms with one of them being tiny ( feel for the guy living in tht room ) and the landlord charges extortion rates of £500 + top ups for elecky and gas it’s an absolute joke ! It’s like I’m trapped I work a full time job and can’t manage to save enough to move out avoid these at all costs and the landlords are just greedy taking advantage of as many vunerable people as possible they thrive of dole claimants and people on the sick they should be banned !
So without this hmo you’d be living where? You don’t have any money but expect charity. Seems like you are being forced to stay there lol. Try buying your own place then you don’t need to complain.
Rent in Liverpool is relatively more affordable than any other major UK city. I say that as a landlord in Liverpool that grew up in London. How much would you be paying in other options?
Inspirational. Social housing has its pros and cons, for me its the type of tenants you may be getting. For me id look near unis or hospitals as that would encourage healthcare professions and students. I just wish property prices were as cheap as they were when luigi started
Great points - it definitely has its pros and cons, so its good to think about the long term! Prices still are that cheap though - the properties we visited Luigi has only purchased within the last 6 months
road man ya get me blud ! He struggles to speak eloquent English. But he’s doing well so if he wants to sound like this so what. He can’t pronounce his th. So the is du. Everything is everyfink. Month is munf. Mans from ghetto and made a success of himself.
How would the conversation go with your JV partner if the valuation comes back low? And say if you weren’t able to return there whole amount as you’d agreed?? Profit share??
Great question, and one il ask Luigi. I imagine they aim for C or D at minimum, but worth double checking with the social housing provider you work with
Well done, Pay the price and get the result, leverage Time without money, leverage Money when no time... buy houses up north cheap and just get started... personally started with 7k and over 20 years as a hobby now worth 2.4 million, only done 6 deals :) 125k pa revenue my appliance repair business does 250k pa... should've focused on houses, but cashflow from business helped massively in first 10 years!
I guess when kier starmer said he was winding up the hotel use (which he hasn’t anyway). This is the replacement. Struggling to see anything to be proud of here.
I hope people who are affected by this mans decisions bring civil claims against him if anything goes wrong with his new tenants. These types of landlords need to be held responsible for what they are doing to our communities
Wherever there is HMO letting that area is the worst place to be living. Full on drugs addiction and normal family won't be living in HMO as its for temporary basis
Great video. Interesting to see someone doing something with social housing. Being conservative in your approach doesn’t necessarily translate to less profit. Enjoying the channel!
If you download his company's filing history on Companies House, it shows that his claims of 29 properties and making £64,000 a month is completely inaccurate. This seems like a classic case of someone wildly exaggerating...!
I can see what you mean if you are just looking at his personal portfolio - but you’ve not found his JV properties. Most of his houses have joint venture partners. I did research this prior to getting him on
You sound like someone who has not owned a Ltd company, as if you had you would understand that Companies house is always outdated, by 12month to 2 years, plus turnover, profit, and wages are not listed as you may think
I’ve got over 23 uk limited companies which I own the properties in, Luigi is not my government name but i don’t share my birth name online for security reasons lots of weirdos online like yourself that think they are FBI agents 😂
I guess just doing the bare minimum to a property is not caring about the people who will actually live in it. I rent a flat like that and it causes me so much stress its f@cking ridiculous!!! I personally feel you should prepare a property that is good enough for you to live in, one you would be happy to exists in! Then it should be good enough for others. Money is not everything in life and I would give every last penny and the clothes of my back just to have dinner again with the 7 family members I lost in 6 years. I understand this is a business to this guy but still, do the best you can!!! He keeps on repeating "Basic", "Basic", etc, that should tell you the person he is. I would not be surprised if he cut corners as well, seems like profit is the only thing on his mind!!!
Hi Justin, why dont you check this guys companies house. I think he’s a fraud or liar. He’s companies house doesn’t indicate the figures quoted. Did you check this?
Good question but could be put better, but good due diligence mindset.. Lungi doesn't have that Samuel Leeds wide boy scam vibe , n doesnt hide or brush over the details...😊. Interesting to look on companies house tho 👍🏻 for irregularities
Luigi isn’t my government name but I have over 23 uk limited companies listed under my birth name which I don’t share online for security reasons. Lots of Karen’s like yourself that love to try bring people down
What is stopping a social housing provider doing exactly what he is doing. That is buying properties themselves and refurbishing. That way they would cut him out of the picture, save alot on costs and stop subsiding his profits.
Might be because of right to buy, how can you build something knowing you could be forced to sell it at a loss. Thatcher also banned councils from creating new stock. That created a legacy of not build/creating housing stock. This shit was planned, this guy is just a small time example, Think Duke of Westminster!
He better hope whoever he's borrowing that money from doesn't decide to change terms on him. On the surface very rich but in reality up to his eyeballs in debt. Don't get me started on the gov funded rents. You ain't smart if the government change tracks you are fucked six ways to Sunday.
His debts gradually paid off by the rent. And if the government get rid of social housing he can just change strategies and rent the rooms to working professionals or airbnb it
Lots of negative comments, disappointing. This guy has worked hard and taken the risks. Just because you vote governments in that make the rules of social housing don't blame him he is following the demand and providing a service, it isn't without its headaches which he has to deal with. Others wouldn't bother and give up hence the neg people commenting.
TURNOVER FOR SHOW .PROFIT FOR DOUGH. SHOW ME WHAT YOU OWN NOT WHAT YOU LOAN. LOVE THIS PROPERTY MILLIONARE IN TEN MINUTES YOU TUBE RUBBISH. MAKES IT SO MUCH BETTER FOR THE PROS. . IF ONLY I HAD TIME TELL EVERYONE HOW RICH I AM. TOO BUSY RUNNING A PROPERTY BUSINESS.....
These ppl fuck up communites etc which family want hmo as neighbours ????
Happened to me recently 8 ppl some kurd, afghans, jamaicans fighting everday amongst themselves.
BOMBACLOT!
You need to move to a better place then
Know the feeling sadly. Have a hmo down my road. Thankfully touch wood now it's gone quiet but before would hear loud music every weekend, uninsured cars parking there and anti social behaviour. Personally if I did a hmo I'd do it near to a hospital or university as I know it'll likely have uni students or healthcare professionals living there than the illiterate people
This is the reason why UK has such poor housing standards where 6 sqm is a bedroom. Sad
Agreed, minimum room size is 6.5 sqm for HMOs. But I will say out of the investors I’ve met that do HMOs, they all aim to provide 8 sqm rooms and above.
Yes, but only because the investors are afraid that the rules might slightly change in the near future, preventing them from renting out a room as a bedroom, so they keep a margin.
@@JustinWilkins just to add it depends on the area as some areas hmo Licencing minimum room size is 6.5m2 some areas it’s 8m2
Yeah as far as bedrooms go it’s a sad state
Yes it’s not hit humans but rabbits 🙄🤷♂️😊
HMOs are great, but it’s a real sad time that there is profit and money in housing refugees through the government when we have a huge immigration problem. The UK is in a sorry state
Lots of ways that HMOs can be run now. Re housing refugees, il be honest in saying I’ve heard there are some mixed opinions out there - some people are very pro the social housing strategy, and some people really not.
Ye true, costs are less giving a lease to provider than able to do it with working Profn students
I agree, illegal immigrants or refugees as we like to call them should be remanded in custody and then sent back. If we spent money on boats rather than nice cosy little government paid for houses no where near as many would come.
@@adamhartup6525 We should not go around b0mbing other countries and we won't have these refugees..
Also sad is Rishi Sunak brought in 750,000 Indians in to this country via many ways inc refugees/boats/scam visa's from India.
The housing provider is Serco if anyone wanted to know.
I've heard some bad things about this provider, that they basically allow the house to be completely trashed & won't keep up with paying utilities
@@FeelingIsHealing this is what happens when you get greedy, they just give it to asylum seekers
Refugee tenants...
Paid for by the taxpayer
Where is your heart ? We need to make these people welcome and comfortable. So they can call their brothers back home and tell them how good the British people are to them - come on over brother, bring the kids as well....
Fully agreed !!! Capitalism is killing us
I don’t want to play devils advocate but it seems like with the current Labour government favouring immigrants legal or illegally social housing might be the safest bet in property as they are penalising near enough every other approach to be entrepreneurial. May as well swim with the current and not against it regardless if it’s coming out of out tax’s at least you can get on the other side of it.
Was itching to see this! Great to see you two together! Smashed it 🔥
Yes Guru 🔥 this one was a long time coming
Two of my fav UA-camrs in the property space...great video and good to see you both link up again
Let’s go 🔥🔥
Really great video. I would definitely be rewatching this couple of times as i start out my property journey.
Glad to hear it 🤝
So this is what tax payers are paying our government and council 'officials' (inspectors) to do ? Write down a list like filling holes in a ceiling or removing a coat hook off the back of a door. Probably pay the inspector £35k a year. The control our government is now imposing on everyone is ridiculous. No wonder our society is disentegrating. This money should be spent on providing training and opportunities to the young people who are our future - not on a hook and hole inspector.
@@1414141x our society is disintegrating because all our taxes are going to people like this, who are providing slum accommodation. The fact HMO's are even allowed is a disgusting step backwards!
I wish him to live next to the his houses and enjoying staying in the area .
Absolutely killer for towns and areas where he buying houses. Disgusting business.
Fully agree!!! Capitalism cares for nobody
Yup. He gets rich everyone else suffers
There’s a lot of hate in these comments. He’s not an active criminal, he’s providing services for local authorities, paying tax and employing services providers in the construction industry. Your lack of,,, is not his fault.
Well said Christopher 👏
Genuine bloke, a top lad.
Loved the passion of the F-bombs and Justin's nonchalant reaction 😂
😂🔥
@@JustinWilkinsif you really knew
Insightful, thanks Justin 🏆
Cheers Nick 🍺
Sick and informative video! I’ve known Luigi personally for a good 7+ years and even used to work in the same call centre as him before he even got his first property, his journey is inspiring and legit! You should learn something from him rather than being haters!
One of the problem with the "haters" is that they don't understand the risk taking of investors like Luigi. There is always the underlying idea "Oh, it's all evil and it's so easy to make lots of money" ... No, it is not. First of all, the margins in the property sector are more often slim than BIG. Also, competition is what increases the quality of housing. Most of the UK's property is low quality and with investors coming into the market there is a chance that -- once demand vanishes slightly -- the quality of supply increases.
I grew up in a house my mum bought for £10 million. I started from scratch and managed to buy 150 houses, and now I earn £190,000 every month. You too can achieve the same success-if you grew up in a £10 million house, attended a private school, and studied at a Red Brick university, while always having access to loans for any amount from the bank. See how equal our chances are?
@@MaxWolf-s9y that is a negative mindset mate.. I grew up in a house that my mum bought for 80k
Started off with £6,000 and have build a £7M property portfolio by using joint venture strategy and BRRR method.
With joint ventures my JV partner will fund 100% of the deal and we split the monthly profit 50/50
I don’t think that is a good message to send people as many billionaires in the world started out from scratch
@@LNCapital Building a property portfolio starting from scratch in 2024 using the BRRR (Buy, Refurbish, Rent, Refinance, Repeat) strategy and joint ventures (JVs) could still be possible, but several factors make it much harder today compared to previous decades. Here's why:
1. Market Conditions Have Changed
Higher Property Prices: Property prices have significantly increased since the 80k house days. This means that the barrier to entry is much higher, requiring more capital or leverage to get started.
Higher Interest Rates: Rising interest rates in 2024 mean borrowing costs are higher, which reduces profitability on deals, especially in the early stages.
Stricter Lending Rules: Banks and lenders have become more cautious and impose stricter affordability and loan-to-value (LTV) criteria.
2. JV Partners Are Harder to Secure
Trust Issues: If someone is starting from scratch with no track record, convincing a JV partner to fund 100% of deals can be difficult. Partners often want to see experience, a portfolio, or personal investment in the deal.
Competition: The market is saturated with experienced investors looking for funding, making it harder for newcomers to secure JV partnerships.
3. BRRR Is Tougher Now
Overpriced Properties: The BRRR model relies on buying undervalued properties to refurbish and increase their worth. In today's competitive market, finding such properties is harder as investors quickly snap them up.
Refinancing Challenges: Post-refurbishment, refinancing to pull out equity is less straightforward. Lenders now scrutinise valuations more closely, and pulling out the full investment amount is increasingly rare.
4. Increased Costs
Refurbishment Costs: Labour and materials have seen inflation, which cuts into potential profits.
Taxation Changes: In the UK, for example, buy-to-let investors face higher taxes, such as the removal of mortgage interest tax relief and the 3% stamp duty surcharge on additional properties.
5. Networking and Education Aren't Free
Barrier to Entry: Building a network, learning the industry, and gaining credibility all require time and often money. Someone starting in 2024 may struggle without these initial investments.
6. Economic Uncertainty
The current economic climate (e.g., inflation, cost of living crisis) makes rental yields less predictable. Tenants may default, and operating costs (like energy bills) are higher.
He didn’t say that though did he? I hate people like you, always has every excuse why someone has it easier than you but do nothing to get to work. At the same time there are people that are less fortunate than you working incredibly without complaining. Get off your arse and stop bitching
@@LNCapitallet him have his brokie mindset. He wants to live life on whinge mode then let him have it.
@@LNCapital it’s not negative, it is the truth. Money makes money. That’s why the elites rule while majority have to work to facilitate it.
Which mortgage lenders are you using for social housing HMO's? I looked into single lets with serco and it looked like the main mortgage lenders wouldn't touch it.
Really? Was thinking of purchasing a property and giving it to serco, but never knew main mortgage lenders don't like it
@IggySODMG Yes, if you think about it, the landlord doesn't control the property, has no knowledge of who the tenants are, so the risk is higher for lenders.
Go through brokers..
@@DilipKumar-o6e5k My broker doesn't know of any lenders that would do social housing hmo. This is why I asked what lenders would do it.
Hi mate the mortgage broker that I use can help you get a lender that is happy with social housing HMO’s or social housing
They are called Mortgage Style
Just say Luigi referred you
Hmo shouldn't be allowed in a normal street where family's live this devalues the area into a slum neighbourhood
So he gets 2000 £ a month for some shit terraced house but what are they charging the government?
HMO r disgusting I currently live in 1 myself in the city of Liverpool I generally share a normal 2 bed flat with 2 other guys , which has been converted to a 3 bedrooms with one of them being tiny ( feel for the guy living in tht room ) and the landlord charges extortion rates of £500 + top ups for elecky and gas it’s an absolute joke ! It’s like I’m trapped I work a full time job and can’t manage to save enough to move out avoid these at all costs and the landlords are just greedy taking advantage of as many vunerable people as possible they thrive of dole claimants and people on the sick they should be banned !
So without this hmo you’d be living where? You don’t have any money but expect charity. Seems like you are being forced to stay there lol. Try buying your own place then you don’t need to complain.
Rent in Liverpool is relatively more affordable than any other major UK city. I say that as a landlord in Liverpool that grew up in London. How much would you be paying in other options?
Genuinely where would you live otherwise?
Inspirational. Social housing has its pros and cons, for me its the type of tenants you may be getting. For me id look near unis or hospitals as that would encourage healthcare professions and students. I just wish property prices were as cheap as they were when luigi started
Great points - it definitely has its pros and cons, so its good to think about the long term! Prices still are that cheap though - the properties we visited Luigi has only purchased within the last 6 months
I got 7 mins into this and the lad's voice is doing my head in. Is he Jamaican? lol
It's the new london universal gangster accent, you get me fam
Jamaican???? 😂😂😂😂😂
road man ya get me blud ! He struggles to speak eloquent English. But he’s doing well so if he wants to sound like this so what. He can’t pronounce his th. So the is du. Everything is everyfink. Month is munf. Mans from ghetto and made a success of himself.
Nah he's just gangsta blud.
Surley ull get more than 1% interest rate if you left it in the bank? Be a nice problem for me to ponder.
Commercial valuation still?
How would the conversation go with your JV partner if the valuation comes back low? And say if you weren’t able to return there whole amount as you’d agreed?? Profit share??
This shows that there is still money in HMO’s build a plan based on the income….
Is it £400 per room in Nottingham? Do you have any idea what it’s like In Birmingham
Does he have to get the epc rating to a specific grade
Great question, and one il ask Luigi. I imagine they aim for C or D at minimum, but worth double checking with the social housing provider you work with
Which area r there houses ?
Well done, Pay the price and get the result, leverage Time without money, leverage Money when no time... buy houses up north cheap and just get started... personally started with 7k and over 20 years as a hobby now worth 2.4 million, only done 6 deals :) 125k pa revenue my appliance repair business does 250k pa... should've focused on houses, but cashflow from business helped massively in first 10 years!
Well done Luigi
You are a smart cookie
Great to see you succeeding and a really good entrepreneurial brain
And yes all you tax payers out there, you are paying the £2000 per month here. 🤮
I guess when kier starmer said he was winding up the hotel use (which he hasn’t anyway). This is the replacement. Struggling to see anything to be proud of here.
There are for Brit Families.. Most social housing are now giving homes to Brits. I work in the industry.
I hope people who are affected by this mans decisions bring civil claims against him if anything goes wrong with his new tenants. These types of landlords need to be held responsible for what they are doing to our communities
Nice life style😇
Wherever there is HMO letting that area is the worst place to be living. Full on drugs addiction and normal family won't be living in HMO as its for temporary basis
Great video. Interesting to see someone doing something with social housing. Being conservative in your approach doesn’t necessarily translate to less profit. Enjoying the channel!
Thanks Bryan 🤝
If you download his company's filing history on Companies House, it shows that his claims of 29 properties and making £64,000 a month is completely inaccurate. This seems like a classic case of someone wildly exaggerating...!
I can see what you mean if you are just looking at his personal portfolio - but you’ve not found his JV properties. Most of his houses have joint venture partners. I did research this prior to getting him on
You sound like someone who has not owned a Ltd company, as if you had you would understand that Companies house is always outdated, by 12month to 2 years, plus turnover, profit, and wages are not listed as you may think
Also what you have downloaded, is very basic accounts, that are not up to date
I’ve got over 23 uk limited companies which I own the properties in, Luigi is not my government name but i don’t share my birth name online for security reasons lots of weirdos online like yourself that think they are FBI agents 😂
@@LNCapitalI was on about the people downloading your “accounts” trying to say you’re full of it !
It was not about you lad, but whatever
I guess just doing the bare minimum to a property is not caring about the people who will actually live in it. I rent a flat like that and it causes me so much stress its f@cking ridiculous!!! I personally feel you should prepare a property that is good enough for you to live in, one you would be happy to exists in! Then it should be good enough for others. Money is not everything in life and I would give every last penny and the clothes of my back just to have dinner again with the 7 family members I lost in 6 years. I understand this is a business to this guy but still, do the best you can!!!
He keeps on repeating "Basic", "Basic", etc, that should tell you the person he is. I would not be surprised if he cut corners as well, seems like profit is the only thing on his mind!!!
Our tax money is funding this
And he's proud of it too, fucking insane.
See what labour has to say about this soon enough. Get out quick
Yeah, it's all coming down soon
I don’t understand - how can a refuge family pay £2,000 pm for house No 1
They don’t pay, me & you do.
We are paying for them. That’s why it’s better to go and live in a tax free country
get real the tax payer pays no one would live in these boxes if they had a choice social housing easy money for greedy landlords
29 headaches . Why not sell all and get 1 or 2 mega Block of flats
How would you know that that’s any better
Hi Justin, why dont you check this guys companies house. I think he’s a fraud or liar. He’s companies house doesn’t indicate the figures quoted. Did you check this?
Yes I did, I always background check as much as possible. You’ll find he has over 20 joint venture partners, and a lot of companies in different names
@ do assets equate to a few million?
Always a good question to ask though! Never take people’s word for anything do your checks. His assets total millions, but his equity won’t.
Good question but could be put better,
but good due diligence mindset..
Lungi doesn't have that Samuel Leeds wide boy scam vibe , n doesnt hide or brush over the details...😊. Interesting to look on companies house tho 👍🏻 for irregularities
Luigi isn’t my government name but I have over 23 uk limited companies listed under my birth name which I don’t share online for security reasons. Lots of Karen’s like yourself that love to try bring people down
could house our homeless and when we have capacity help others. Why are others but before our own
Serco Grifter… amongst many, but I’m sure karma will visit when least expected.
Another muppet destroying neighbourhoods for personal gain.
Sawsan ai bms
How much does he owe?
Probably 75% across his portfolio
This is a big con
What is stopping a social housing provider doing exactly what he is doing. That is buying properties themselves and refurbishing. That way they would cut him out of the picture, save alot on costs and stop subsiding his profits.
Probably don’t have time or resources needed
Might be because of right to buy, how can you build something knowing you could be forced to sell it at a loss. Thatcher also banned councils from creating new stock. That created a legacy of not build/creating housing stock. This shit was planned, this guy is just a small time example, Think Duke of Westminster!
lazy
That's so much work, they can barely manage the current workload.
He better hope whoever he's borrowing that money from doesn't decide to change terms on him. On the surface very rich but in reality up to his eyeballs in debt. Don't get me started on the gov funded rents. You ain't smart if the government change tracks you are fucked six ways to Sunday.
His debts gradually paid off by the rent. And if the government get rid of social housing he can just change strategies and rent the rooms to working professionals or airbnb it
Lots of negative comments, disappointing. This guy has worked hard and taken the risks. Just because you vote governments in that make the rules of social housing don't blame him he is following the demand and providing a service, it isn't without its headaches which he has to deal with. Others wouldn't bother and give up hence the neg people commenting.
@@SimT8 your negative comments towards construction criticism are lowering the mood
Well done young man
google whats the definition of leech
What’s the plan when reform get in & get rid of government funding for immigrants?
When the lease is up, they would change strategy, probs run as a normal HMO
Far-Right Reform Ain't Coming In... If they do expect civil war...
lol reform
bankrupt ha ha karma
No shortage of tenants to fill that place lol, our country is over populated asf even if you remove all the immigrants today
Luigi is great😂 10x Grant cardone, Luigi is a 20x +
😂👏
So God damn refreshing hearing someone speacking with this accent on UA-cam for once.....👌🏿
Glad to hear and hope you enjoyed the video 🤝
What, a fake wannabe gangster accent?
29 HMOs earning him £64k a month? That is just greed
Only fools deal with interest and the banks, real people are contempt with what they have or buy it raw cash.
Ever heard of this thing called leverage?
@@JustinWilkins erm, he's mildly over leveraged to say the very least I reckon.
this is all inspirational etc. but not realistic if you're just starting out with nothing
Luigi literally said he started with £6,000 - in my eyes thats near enough nothing in property. Limiting beliefs stop people, not money.
TURNOVER FOR SHOW .PROFIT FOR DOUGH. SHOW ME WHAT YOU OWN NOT WHAT YOU LOAN. LOVE THIS PROPERTY MILLIONARE IN TEN MINUTES YOU TUBE RUBBISH. MAKES IT SO MUCH BETTER FOR THE PROS. . IF ONLY I HAD TIME TELL EVERYONE HOW RICH I AM. TOO BUSY RUNNING A PROPERTY BUSINESS.....
Yet here you are leaving in negative reviews… il be honest, that’s not a trait that I see in many successful property business owners 🤷🏻♂️
He has not mentioned how he gets around tax