Jack, could you please do a video on the whole process of sourcing a deal, securing it, how it works with the estate agents if youre not the one purchasing, and how to package the deal and present it to the investor and any contracts that may be involved please?
Hi! I actually cover all of those things in detail on my Deal Selling Launch Pad training day. It’s quite an in detail topic that would be tough to cover in one video. Check out details for the DSLP: jack-smith.co.uk/dslp
Jack, have to say that you are hands down simply brilliant and knowledgeable, learnt a lot, especially for a Buy 2 Let beginner like me. Just a quick question I am based in London, and obviously London is almost impossible to invest in, I own 1 B2L in Liverpool and would like to build my portfolio, would you so be so kind advise me in terms of which are the best city/town to look into for buy to let, please. Much appreciate your time to read and your valuable advice.
I thought ROI is after any corporation tax and\income tax as that's essentially just another cost you'll always have? Can't have all that rent "in your pocket" after just the mortgage is paid surely?
You’ll need to speak with your lenders and request to change to a let to buy mortgage or a consent to let, assuming you’ve bought it as a residential home
I'm sorry, but not taking in to account the costs of maintenance fees, boiler insurance, building insurance, management fees, voids etc...is like saying the profit is the full rental amount before mortgage deductions. BTL beginners need to understand those costs are real and the true figure is closer to half of what was presented in this video.
With a property manager who typically from what I can see charge 20% So, if you're getting a 14.75% yield and paying the property manager 15-20 percent of gross rent, where is the profit?
I’ve watched over 5 other videos Abour this and this is by far the best and clearest! Thankyou very much
love this easy explanation of ROI , thank you
Jack, could you please do a video on the whole process of sourcing a deal, securing it, how it works with the estate agents if youre not the one purchasing, and how to package the deal and present it to the investor and any contracts that may be involved please?
Hi! I actually cover all of those things in detail on my Deal Selling Launch Pad training day. It’s quite an in detail topic that would be tough to cover in one video. Check out details for the DSLP: jack-smith.co.uk/dslp
Jack, have to say that you are hands down simply brilliant and knowledgeable, learnt a lot, especially for a Buy 2 Let beginner like me. Just a quick question I am based in London, and obviously London is almost impossible to invest in, I own 1 B2L in Liverpool and would like to build my portfolio, would you so be so kind advise me in terms of which are the best city/town to look into for buy to let, please. Much appreciate your time to read and your valuable advice.
I don’t think the ROI (Return On Investment) is correct. It’s the Return On Capital Employed (ROCE) you mentioned in the video.
I thought ROI is after any corporation tax and\income tax as that's essentially just another cost you'll always have? Can't have all that rent "in your pocket" after just the mortgage is paid surely?
Yes your tax will come it. The profit in this video is gross profit. How much tax you’ll have to pay will vary depending on a number of factors 👍
You said typically it’s 75% loan to value, how common is 85%? Or even 90%? If possible at all
Thanks for this! The mortgage repayments in this video are interest only repayments right?
Yes it’s based on an interest only mortgage
is it possible to rent out a proprety that wasnt bought buy to let
You’ll need to speak with your lenders and request to change to a let to buy mortgage or a consent to let, assuming you’ve bought it as a residential home
@@jackdavidsmith thank you fort the answer thank you🙏
I'm sorry, but not taking in to account the costs of maintenance fees, boiler insurance, building insurance, management fees, voids etc...is like saying the profit is the full rental amount before mortgage deductions. BTL beginners need to understand those costs are real and the true figure is closer to half of what was presented in this video.
With a property manager who typically from what I can see charge 20%
So, if you're getting a 14.75% yield and paying the property manager 15-20 percent of gross rent, where is the profit?
I don’t know which property managers you’ve been looking at, but mine charge 8-10%