Excellent video Sam! Thanks for sorting this video out. It really has helped me, As I had a few quires about bridging loans and this video has answered them
I've been watching Samuel for a quite sometimes ... My credit score is crap and struggling for a deposit however looks like summer 2019 I'll be on my feet again and I'll calling you for help to invest in properties or I should say a property lol Such a genuine guy and channel
Another great video, all of them are insightful and extremely helpful in directing me with what I want to do with property and taking steps to secure my second BTL :)
Great video! Packed with lots of invaluable context. I made so many notes whilst watching this. I've just stumbled across your channel and I will be looking at more and making more notes! I'm building a portfolio of hard research before venturing into this field of entrepreneurship next year. Thank you for sharing your knowledge and expertise 👍
Hi Samuel, quick tax question. If you refinance on a property you've bought with cash, can you then claim mortgage interest relief, given that the mortgage has not been used to finance the purchase of the property? Holiday let so no section 24. Thanks!
Sam, in your experience how likely is it to say lightly refurbish a 4 bed HMO add about 10% value so that you could refinance and recycle your money? Ie 100k property with 25k deposit, 5k refurb, 3k fees , revalue house at 110k and refinance at 70%LTV. Meaning a 33k cash recycle. Is this easily possible? I've only ever done heavy refurbs to sell, flipping property is much more simple, good profits but I think I need to start building a portfolio along side my developments to bring in steady passive income. This seems a good option as building is my main trade.
just a question plz anybody...... I dont really understand if i buy house for 20k suppose on 100% finance and then do a refurb and get it appraised for 30k. My mortgage on that was 20k to begin with now i call pull out lets say 80% of that 10k which is 8k....... now i have re-mortgage of 28K- hw is that gud idea? or is it correct? im really confused. im pulling out money which i have to pay back??
I belive when you refinance the property ideally you get back all of the money you used as the deposit andbrefurd costs back as a new mortgage then you rent it out to cover mortgage payments, meaning you don't pay the new mortgage yourself and you get your initial outlay of cash back to use on your next deposit + refurb
Great interview Samuel! Although i didn't quite understand how the couple left £5,000 in the deal when they sold the [property, would this mean that they lost -£5,000. Could you please explain exactly what he meant? Thank you.
Hi Samuel, respect for all the videos you are putting up. Is there anyway I can have a quick word with you bro , it's to do with a house left by a family member who past away and I want to buy the property but I haven't got a clue how to do it , there's a few problems along the way, the house is worth around 285 thousand, Please help
You refinance and you still have to pay the bridge off and rehab. Your not going to be left with 20k bc the banks will only loan back 80% so I don’t understand why they making it seem like they
Just a few questions for when doing a deal like this: Why would you pull your money back out of the property to then go on to pay a mortgage which values the property at 75/95k? Surely going on for a mortgage referring to the properties original value would work out a much better deal? Why use a bridging loan rather than going straight to a mortgage as mentioned above? WIll you not incur more interest fees by doing this as opposed to going for something else straight away? Thanks for any help. EDIT: Watching the video further I've come to understand why you wouldn't go for a mortgage immediately - due to the condition of the property.
Kurtis Taylor the amount borrowed is the same regardless of the property value... albeit if you pull your deposit back out of the property you will effectively borrow the deposit too... but the repayments / interest on this are small and will be paid for by the profits from your next deal which you can make with the cash you pull out.. hence rinse and repeat!
7:38 - 8:50 I don't get it. They bought for £50,000, spent £15,000, sold for £95,000, and left £5000 in? Either I'm missing something, or that doesn't quite add up... Does anybody fancy explaining this to me, because it sounds like he's making it up as he goes along.
mattyBK123456789 I agree with you, the guy clearly says they sold it, then says they left 5k in, very dodgy video. I can smell the bull s..t from here!!
Thanks for responding rather than just deleting my comment. Re-reading it now it does come across more hostile than I intended, I was only looking for clarification. I didn't mean to take anything away from the strategy, it certainly seems to make sense and isn't the first time I've heard of it. I just get a little cautious when someone starts talking about their mates "Joe and Jane". But you're the one financially free, I'm the 25 year old working 9 to 5 and living with parents, maybe it isn't my place to say what works and what doesn't.
Samuel Leeds it sounds like he's saying 25k profit, on that so maybe left 5k was about the tax liabilities. otherwise he seems a very seasoned professional in property and everything he's talking about is very logical.
Not hard. Say £50k with 25% deposit so £12.5k plus about £2.5k legals , valuation , stamp etc so say £15k. Then £15k return so total in so far £30k. Now say is approx £100k revaluation so 25% deposit and pull rest out leaves £30k - £25k so only £5k in. Not hard!
I want to go into property I have the cash and plan but need someone on the inside to guide me I want to purchase my first property in London or close to. In terms of real estate in new, so I need everything from builders to lawyers any help would be greatly appreciated these videos are excellent
I am in the same situation but have my own building company to do the work and have just brought my first property. And am under renovation within next week. Let me now if interested regards Paul
That's what I was thinking. Had to watch that bit a couple of times, still not convinced that he was still working on the hypothetical scenario of them refinancing at 75% LTV. Maybe a slip of the mind what with being in front of the camera.
Hi Samuel, great video again! If you were to rent from a landlord and then do it as a SA could you use a AST contract or does it still have to be a property management contract? After all, there’s only one contract involved in the whole strategy right..? Tenants come through booking.com
Great video Samuel, love the way you steer the conversation without talking over or interrupting the interviewee. Thanks for all the great content!
Just showed this video to my mum as she is interested in to BTL finance, and she found it very useful (and I did too). Thanks guys :)
Great video, thanks! (btw you don't need a camera angle change for a 'Yeah')
Hhahaha
Thank you for this video, Sam. Very inspiring and informative. Exactly what I needed. Will be in contact with him shortly.
Just used Positive property finance through your video. They are currently assisting us to refinance our HMO. Thanks Samuel
Excellent video Sam! Thanks for sorting this video out. It really has helped me, As I had a few quires about bridging loans and this video has answered them
I've been watching Samuel for a quite sometimes ... My credit score is crap and struggling for a deposit however looks like summer 2019 I'll be on my feet again and I'll calling you for help to invest in properties or I should say a property lol
Such a genuine guy and channel
Any update?
I'm from the US, and I just found a few of your videos. Awesome dude! Love them!
That mortgage guy is a wealth of great information. Very helpful!
Number 1 Property Influencer in the UK... 10x the nearest on UA-cam... no wonder so many attacking you!
Fantastic vid, just starting out and this has helped me loads thank you, God keep blessing you 🙏
Thank you so much! I really want to get into this!
Go for it!
Another great video, all of them are insightful and extremely helpful in directing me with what I want to do with property and taking steps to secure my second BTL :)
Great video! Packed with lots of invaluable context. I made so many notes whilst watching this.
I've just stumbled across your channel and I will be looking at more and making more notes!
I'm building a portfolio of hard research before venturing into this field of entrepreneurship next year.
Thank you for sharing your knowledge and expertise 👍
Awesome, thank you!
Could I still use bridging loan if I haven't got a residential mortgage but want to go straight to buy and rent out and refinance?
Hi Samuel, quick tax question. If you refinance on a property you've bought with cash, can you then claim mortgage interest relief, given that the mortgage has not been used to finance the purchase of the property? Holiday let so no section 24. Thanks!
Wow Samuel, learn so much. Great video👏🏻👏🏻👏🏻
thank you for the support, Hakan!:)
Sam, in your experience how likely is it to say lightly refurbish a 4 bed HMO add about 10% value so that you could refinance and recycle your money? Ie 100k property with 25k deposit, 5k refurb, 3k fees , revalue house at 110k and refinance at 70%LTV. Meaning a 33k cash recycle.
Is this easily possible? I've only ever done heavy refurbs to sell, flipping property is much more simple, good profits but I think I need to start building a portfolio along side my developments to bring in steady passive income. This seems a good option as building is my main trade.
Love your content Samuel. Keep up the good work :)
These video's are very helpful and informative. Cannot wait to attend the two day training in June at Birmingham. Thank you.
This samuel is a great conversationalist
just a question plz anybody...... I dont really understand if i buy house for 20k suppose on 100% finance and then do a refurb and get it appraised for 30k. My mortgage on that was 20k to begin with now i call pull out lets say 80% of that 10k which is 8k....... now i have re-mortgage of 28K- hw is that gud idea? or is it correct? im really confused. im pulling out money which i have to pay back??
I belive when you refinance the property ideally you get back all of the money you used as the deposit andbrefurd costs back as a new mortgage then you rent it out to cover mortgage payments, meaning you don't pay the new mortgage yourself and you get your initial outlay of cash back to use on your next deposit + refurb
what is the percentage deposit you have put down in bridging loan/finance ? great video Samuel 👏
This is so like a situation I have found mysel in at the moment, If i could go for the deal this would be my first
Loved this video ❤❤ appreciate both of you for the in depth insight
Great interview Samuel! Although i didn't quite understand how the couple left £5,000 in the deal when they sold the [property, would this mean that they lost -£5,000. Could you please explain exactly what he meant? Thank you.
Very informative and helpful video Sam, thanks again
So much knowledge learnt and absorbed from this video Samuel thanks bro God bless you both 👍🏼
Hi, would you prefer personal bank loan or releasing equity with fine because new mortgage just started a year ago in a 3-year fixed rate?
Thank you for that information. Great tips and very useful
Thank you Samuel and and Kevin.
Who is the provider of the "Refurbishment Bridge" please?
Is it possible to release equity from a property with out me having a job ?
Great video with great information
Thanks Louise! Your support means a lot!
Hey Sam u were doing that in the a-z video lol evaluating based on surrounding value and not work put in
Thank u so much for this video sam very very helpfull advise
nish parekh you’re welcome
@@SamuelLeeds i really want to get into to property and i also have little bit of capital as well just need ur guidance if u can help
@@nishparekh839 sure come to some free training with me at www.property-investors.co.uk and I look forward to meeting
Hi Samuel, respect for all the videos you are putting up.
Is there anyway I can have a quick word with you bro , it's to do with a house left by a family member who past away and I want to buy the property but I haven't got a clue how to do it , there's a few problems along the way, the house is worth around 285 thousand,
Please help
In an example give early in the video, it was mention 5k left in the deal. Can someone explain this please? Bought for 50k refurb 15k sold for 95k....
I picked up on this error to
You refinance and you still have to pay the bridge off and rehab. Your not going to be left with 20k bc the banks will only loan back 80% so I don’t understand why they making it seem like they
How can you do this in Orlando Florida?
The man said Avacado bathroom suite you know... I know exactly what he means ... its those Bathrooms with the Green Bath Tubs
😂😂😂I noticed that too
Hi Samuel, any thoughts or tips about the London's market?
Just a few questions for when doing a deal like this:
Why would you pull your money back out of the property to then go on to pay a mortgage which values the property at 75/95k? Surely going on for a mortgage referring to the properties original value would work out a much better deal?
Why use a bridging loan rather than going straight to a mortgage as mentioned above? WIll you not incur more interest fees by doing this as opposed to going for something else straight away?
Thanks for any help.
EDIT: Watching the video further I've come to understand why you wouldn't go for a mortgage immediately - due to the condition of the property.
Kurtis Taylor the amount borrowed is the same regardless of the property value... albeit if you pull your deposit back out of the property you will effectively borrow the deposit too... but the repayments / interest on this are small and will be paid for by the profits from your next deal which you can make with the cash you pull out.. hence rinse and repeat!
@@simonwilliams88 you wouldn’t have money to go to next deal you have to pay the bridge off and rehab if you use credit cards 75% of 95k is 71k
Also is there a link to Kevin's website?
Does the buyer who’s providing the capital obligated to see the realtor immediately, or is it they don’t have to disclose anything?
Very useful tips & discussion!
7:38 - 8:50 I don't get it. They bought for £50,000, spent £15,000, sold for £95,000, and left £5000 in? Either I'm missing something, or that doesn't quite add up... Does anybody fancy explaining this to me, because it sounds like he's making it up as he goes along.
mattyBK123456789 I agree with you, the guy clearly says they sold it, then says they left 5k in, very dodgy video. I can smell the bull s..t from here!!
Thanks for responding rather than just deleting my comment. Re-reading it now it does come across more hostile than I intended, I was only looking for clarification. I didn't mean to take anything away from the strategy, it certainly seems to make sense and isn't the first time I've heard of it. I just get a little cautious when someone starts talking about their mates "Joe and Jane". But you're the one financially free, I'm the 25 year old working 9 to 5 and living with parents, maybe it isn't my place to say what works and what doesn't.
Samuel Leeds it sounds like he's saying 25k profit, on that so maybe left 5k was about the tax liabilities.
otherwise he seems a very seasoned professional in property and everything he's talking about is very logical.
Not hard. Say £50k with 25% deposit so £12.5k plus about £2.5k legals , valuation , stamp etc so say £15k. Then £15k return so total in so far £30k. Now say is approx £100k revaluation so 25% deposit and pull rest out leaves £30k - £25k so only £5k in. Not hard!
Another amazing video. Well done.
I want to go into property I have the cash and plan but need someone on the inside to guide me I want to purchase my first property in London or close to. In terms of real estate in new, so I need everything from builders to lawyers any help would be greatly appreciated these videos are excellent
I am in the same situation but have my own building company to do the work and have just brought my first property. And am under renovation within next week. Let me now if interested regards Paul
great advise thanks
Nearly at 10,000 subscribers Samuel 👍
Great video very interesting
Excellent video
how can they leave in "all but 5k" if they sold it........
I believe he was referring to if they had rented it out at 75% LTV. Though he was still a few k off, it was an estimate off the top of his head.
That's what I was thinking. Had to watch that bit a couple of times, still not convinced that he was still working on the hypothetical scenario of them refinancing at 75% LTV. Maybe a slip of the mind what with being in front of the camera.
Hi Samuel, great video again!
If you were to rent from a landlord and then do it as a SA could you use a AST contract or does it still have to be a property management contract? After all, there’s only one contract involved in the whole strategy right..? Tenants come through booking.com
10,001 now 😉 Good luck!
Would you have to pay stamp duty on the bridge load
how is the mortgage covered
Tenants pay mortgage
"thanks for coming to my home, I look forwards to spending the evening with you" - did that come out the right way?
Vegan Footsoldier NO 😂😂😂😂 joking!
Love monopoly sow I love property. maybe it's not always the case
this dude is a boss
good video although filming broke the 180 rule. interview position was abit off apart from that sick video !
Kevin Wright. A guy who subsequently claimed to have cured his cancer with a positive mental attitude in eight weeks.
I know a f##king charlatan cured cancer who the f##k believes this prick..
i need a broker like this 👏 good brokers are hard to find ☝️
So they sold the house but left £5k in? He’s chatting out his arse