Hi Dan, it's always been dream to own a buy to let and I looked into it years ago but talked myself out of it. I started thinking about it again early this year and bought your book. You have been such an inspiration and when I did the calculations I had almost enough savings to buy my first flat. My plan was a flat by the end of this year and I got an offer accepted on a flat last Wed. My plan is 2 or 3 flats in 10 years but more if possible. Thanks so much for your videos and amazing advice. I'm so happy to be setting myself and my young sons up for the future and showing them what there mummy can achieve. My plan is for them to do this and have a flat each I'm thier early 20's I want to give them tools for life. Thank so much Emma
Hi Bring peace into your life, Congratulations on getting an offer excepted, this is excellent news, well done. I`m so glad that my content ha helped you, hearing storied like this make it all worth while for me Have a lovely day and good luck with your purchase.
Hi Sick Buffalo, Great to hear form you, thanks very much for watching and for your comment. I`m not looking for any joint ventures at the minute but if I do I`ll drop you a message, thanks very much.
Hey Nabaz, As it stands you can do this strategy as many times as you want with no tax implications. This works as long as you contine to sell your home to buy another primary residence and don`t buy a second home. Thanks for watching and its great to hear from you
say you have 25% deposit on your BTL and there is a market crash of more than 25% leaving you at negative equity, at what % of de-valuation does the lender want their money back forcing you to sell up at a loss?
Hi Mark, Thanks for watching and for taking the time to drop a comment, A lender wont bat an eye lid as long as you continue to pay the mortgage interest. Even if you got it horribly wrong and completed on a property the day before the crash then as long as you hold, don`t sell and don`t need to refinance when the market is at its lowest you`ll still recover over time.
@@new2property I have a followup question actually, not sure if i'm thinking this through right: is it not the case that at the end of the 2 year or 5 year fixed term you will need to refinance? therefore you could be caught out? or is it that you can continue the mortgage at a higher rate after the fixed term, which would eat into your profit for potentially years until the market recovers allowing you to refinance on better valuation?
Yep, thats correct Mathew, if savings are only getting a 1.5% interest then they are eroding rapidly due to inflation. Thanks for watching and for taking the time to drop a comment
Brilliantly explained Dan.
Hi Steven,
Thanks very much for watching and for taking the time to drop a comment 👍
Hi Dan, it's always been dream to own a buy to let and I looked into it years ago but talked myself out of it. I started thinking about it again early this year and bought your book. You have been such an inspiration and when I did the calculations I had almost enough savings to buy my first flat. My plan was a flat by the end of this year and I got an offer accepted on a flat last Wed.
My plan is 2 or 3 flats in 10 years but more if possible. Thanks so much for your videos and amazing advice. I'm so happy to be setting myself and my young sons up for the future and showing them what there mummy can achieve. My plan is for them to do this and have a flat each I'm thier early 20's I want to give them tools for life.
Thank so much Emma
Hi Bring peace into your life,
Congratulations on getting an offer excepted, this is excellent news, well done.
I`m so glad that my content ha helped you, hearing storied like this make it all worth while for me
Have a lovely day and good luck with your purchase.
@@new2property thank you for your response it means a lot!
Great video. Shows a very compelling argument for property investment 👍
Hi David,
Thanks very much for watching and for taking the time to drop me a message.
Hi Dan love the channel.
Do you have any projects where you're looking for a joint venture partner? If so let me know thanks.
Hi
Sick Buffalo,
Great to hear form you, thanks very much for watching and for your comment.
I`m not looking for any joint ventures at the minute but if I do I`ll drop you a message, thanks very much.
Hi Danwe are decided to sell our residential property I believe this profit will be all for us how many times can we repeat same thing
Hey Nabaz,
As it stands you can do this strategy as many times as you want with no tax implications. This works as long as you contine to sell your home to buy another primary residence and don`t buy a second home.
Thanks for watching and its great to hear from you
🙏
Thanks for watching Nabaz, I hope you are well.
Luckily I've no money in the bank or anywhere else for that matter 🤣
Hi Callum,
I`m not sure most would call that lucky but I get your point.
Thanks very much for watching and for your comment, have a great day
Did you make a small error: The outstanding mortgage would have been something like £15,750. Still compelling!
yeah I noticed the same thing but still mind blowing
Hi Stephan,
That`ll teach me to not check my numbers before publishing, thanks very much for the heads up.
say you have 25% deposit on your BTL and there is a market crash of more than 25% leaving you at negative equity, at what % of de-valuation does the lender want their money back forcing you to sell up at a loss?
Hi Mark,
Thanks for watching and for taking the time to drop a comment,
A lender wont bat an eye lid as long as you continue to pay the mortgage interest. Even if you got it horribly wrong and completed on a property the day before the crash then as long as you hold, don`t sell and don`t need to refinance when the market is at its lowest you`ll still recover over time.
@@new2property that's very reassuring thank you
@@new2property I have a followup question actually, not sure if i'm thinking this through right: is it not the case that at the end of the 2 year or 5 year fixed term you will need to refinance? therefore you could be caught out? or is it that you can continue the mortgage at a higher rate after the fixed term, which would eat into your profit for potentially years until the market recovers allowing you to refinance on better valuation?
1.5%, saving = cash erosion.
Yep, thats correct Mathew, if savings are only getting a 1.5% interest then they are eroding rapidly due to inflation.
Thanks for watching and for taking the time to drop a comment