@@__-mt6jk really? Buy to let investors outbid locals on property, repeat several times, come winter local population is hugely reduced. Similar has also happened with second home owners too
Fully agree. Only 5% for maintenance. I'm looking at buying and my calculations for making it a place I'd be okay with living in put it at 10% minimum. This includes roof repairs and replacements, boiler, flooring, pipework, bathrooms, driveway etc... Over a 25 year cycle. 750/month leaves £900 a year for maintenance. Sounds like a lot, but a boiler 20% of a decade is gone on a boiler. 20% of a decade is gone on new flooring. 30% of a decade is gone on a cheap bathroom and kitchen. Save the 50% for major repairs £5000 is a roof replacement. £2000 driveway. £2000 repointing and cleaning brickwork, chimney repair etc... Yep. At least 10%
Going to rattle a few feathers here but how about not telling the world that houses are cheaper in Wales and leave them for the Welsh people that want a home not a profit. Amen
@@FontaineBrothers obviously wouldn’t rattle your feathers… Hopefully all your houses don’t stand empty long enough for the locals to notice. Be a hell of a shame if all your copper pipes etc got ripped out the gaff wouldn’t it son lol. Have a nice day
@@stedmodopar6252that won’t make any sense to this greedy bellend. He won’t see a problem taking affordable housing from those that need it to line his own pockets.
Don't do this.... That's 4 roofs, 4 Kitchens, 4 bathrooms, 4 sets of tenants each potentially defaulting on rent..... Think long term, decent location.
Awful advice. The reason you have cash flow on your properties is to cover maintenance. You don’t make money using cash flow, you make your money in the appreciation of the asset. It’s another reason why this video is crap - house prices don’t go up in Wales and they are hard to sell - that’s why they are dirt cheap.
@@04andyh I once saw an obvious former growhouse on Rightmove. The whole place was filthy and poorly kept, including the upstairs attic room with silver ducting, empty plant pots laying around and even some small remains of blue-and-white police tape. Lovely. A growhouse is generally badly contaminated and needs full renovation. There's also a serious risk that they tampered with the electric so that would probably need inspected and potentially gutted. The other issue with the growhouse is users or scumbags thinking it's still active which is a security risk to you.
The same everywhere. Landlord doesn't do bugger all about a tenant complaint, but you bet if they had the same issue in their own home that premium tradesmen would be there in seconds. A landlord wouldn't tolerate a month with no washing machine then have some generic "property maintenance" people barging in at 6am with a heap of garbage, having only notified you at 10pm the night before. They would just get John Lewis to deliver a £2000 Miele affair next day and provide the full white glove service. They are so detached from the issues their tenants face and they genuinely don't care. The government have woken up at least, and finally these parasites are being hammered. A career landlord would change their tune pretty quick if they were charged 300% stamp duty on their new purchase, also if they were taxed 30% of all the rental income.
@@TomHartill Yeah, it's not the deliberate lack of housebuilding over the period of about 50 years or the deliberate increase in population through immigration - it's landlords. Definitely landlords.
@ty194 well actually, it's a combination of things. Property being bought up by rich overseas investors and not lived in, growing population/immigration, supply shortage AND large numbers of baby boomers owning second homes, too many landlords. These factors combined contribute to a supply/demand issue and drive up house prices/rent. You cannot simply hand pick which factors you want to fit your narrative, then write sassy youtube comments. Obviously having too many people owning multiple homes, and career landlords inflating prices are real factors. Do we need landlords? Yes. Do we need this many landlords? No.
Only people doing this are people that don’t understand property. Now you got to fix 4 broken boilers instead of one. And they are not much cheaper in wales.. also looking at the numbers now your going to be losing money on cash flow with new mortgage rates and probably close negative equity at this point with price drops. Good job 👍🏻
Cannot agree more... Unfortunately there is a pocket of people that will still fall for this scam. If you really want to go for it. First go local one small property, then you will see the double digit ROI, in your dream.. One suggestion Google tenant credit check first .
@@jrfw96 regardless we dont want people like this buying up the properties, its hard enough for youngsters in the local areas to get onto the property ladder let alone people like this muscling in and out bidding on properties
@What’s good nobody asked you to comment on my comments lol.. i can tell you dont care, maybe thats why ur broke and lonely surfing youtube for an argument
As someone from South Wales I would just like to ask, where are you finding houses at 75k? Houses in my street were 80k 6 years ago. Covid raised them by 60k+…
Hasn’t factored in tax or accountancy fees on a Ltd company. Plus rental voids etc. just invest in the market in a S&P tracker, liquid money and no tax if you utilise your annual isa allowance. Simple. Seen many more rich people make money this way than those that invest in good old bricks and mortar.
In my town (200k people) every single last new HMO application in 2023 was rejected. Every. Single. One. One got through but was revoked on appeal after the locals started banging the dustbin lids. Lovely family homes in good areas, carved up into rooms by a slumlord and rented out to tramps and criminals. There was one that was shut down by the council and everyone evicted, after one resident murdered his buddy across the hall.
Your expenses have missed out either corporation tax or income tax. So say it’s 25% corporation tax, for four properties you’ve only actually made £585 per month. If it’s income tax and this is large scale you’ll earn even less. Plus interest only mortgage so at some point down the line you’re going to have to pay off a £400k debt, at £585 profit that will take you 57 years. And yes you could sell the properties to pay off that debt but then you have to worry about capital gains tax or market crashes. Dangerous game to play and as others have said immoral anyway as your driving up the rent in the cheaper areas.
Finally someone’s who’s actually honest about how much people make in real estate. 4-9% return on equity is pretty decent, most people make 4-6% gross and in major cities it’s on the lower end of that. But if you go online people are claiming making double digit returns are normal, sorry but in the long run it’s just not.
I accidentally got sent a load of rental receipts by a letting agent once. I opened them. The landlord was making £32k in rent before tax and I knew the area well enough to learn that his properties were probably worth about £700-800k. It was a cheap town and this was 2015 or so. At the time my annual salary from working full time wasn't much more than £32k.
Yep, if you rent out straight away,if tenants will pay you rent each month,if you don't have to evict them,if you evict them quickly -- just costs,costs,fees, headache
What he’s neglecting to say is to buy a 80k house in south wales you need to buy up the valleys where most people don’t have much money so you won’t end up getting much rent if any just a lot of head ache trying to evict
How did you manage to get nearly £100k upfront? That's amazing, especially for a young lad. Wish you all the best with the journey, wish I was as brave. I had over £100k in 2016 but played it safe, got married, paid debts off, moved to a bigger house, helped family. Yes my equity is now about £300k in my house but no passive income above that
Ahhh well I’ve been running business for nearly 10 years now and failed them all only been getting success in the last 3 years haha so hopefully I can keep going
,,I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this
Yeah but in Wales, as soon as you fit the new boiler stairs etc ,before the contractor returns to Bournemouth the new stuff has been removed by locals. I know, I'm one of the contractors that worked for a lady in London. She was a lovely lady ( Theo Russell) just trying to make a living. Welsh hate the English.
@@gavinthomas7375 I hope you're not suggesting that the English hate the Welch. I personally travelled to Swansea many weekends to have a good night out from Somerset. I'd stay there and in the pub the next day. I suffered no such discrimination. I love the Swansea folk. But when I worked in Rural Blanoufestiniog. You could cut it with a knife. Talk about "Take the wrong turn".
He doesn't factor in people in Bournemouth pay the rent, people in valley's don't pay least 50% of the time and wreck the houses so you don't get better return and they don't really rise in price hence why can buy 4 for price of 1
Yh just fuck up the house prices for the people who live there and want to buy when they're old enough, but don't earn as much as you because of where they live.
Get out of wales.. let them live in peace and cheap. Rentals is the worst , let the people live for cheap. Rents are already sky rocketed and unaffordable even a 50k salary before tax is shambles for survival
Or put your saving into an ETF fund where it can return you on average of 7-10% yearly. Without worrying about tenants and hassle or renting a property?
Hello lads, met you in the travel lodge a while back when you were picking your daughter up. I spilled my pint a little 😂 - do you have any properties in Dorset at all? Could definitely help each other out 💯 checkatrade highly rated in Poole, Bournemouth, Wareham, Swanage.. and GMB top rated Blandford. Let me know 😊
Except that your local area you more than likely won't need management so that's 12% saved already and capital appreciation will be far different. They all have pros and cons, plus Wales? R.I.P PRS
Yeah I agree. My wife and I liquidated any older builds and moved into the new/modern build sector. Even with the premium rates we have no effort of getting reliable tenants before the build is even ready. Gives you more pride n your portfolio also even if the income level wouldn't technically be as good.
Fergus Wilson retired and sold everything. At one point he seemed to have been personally earning about £600k a month before tax. Nicholas van Hoogstraten has also basically done the same, with most of what he formerly owned now held in trusts managed by his kids. NvH's strategy is a very common and very sensible one - you own sod all, therefore there is sod all to be taken from you. It's also a good way of skirting IHT.
People don’t realise these profit margins are too small. If you rent a house for £1000 and your mortgage is £700 you don’t make £300 the government say you are making £1000 and charge tax on that £1000 not the £300. Then there is costs things breaking tenants not paying you. Property is dead now unless you are rich and looking for a greater return than a bank account on your money…
Exactly. And that's where people get their fingers burnt, by not knowing this very simple fact. I friend of mines dad came to London from Cyprus in the early 70's. He got into rentals and built a small empire. Spoke to him a little while back and he said it's impossible to what he done now.
@@tilerman I know people that done the same thing the only reason they made money was because of the boom in London which you either predicted and knew more than most or you got lucky. Everyone talking on here about buying property with tiny margins clearly have never actually owned any property because you would be crying after recent mortgage hikes. You would be paying on top every month for the mortgage and then you would be paying a hefty tax bill at the end of the year on top. I suppose they have to sell there courses about how to buy property with no money lol as if 😁
There's a reason why Fergus Wilson sold up and retired. There's also a reason why the artist formerly known as Nicholas van Hoogstraten now owns basically nothing and it's all in trusts run by his kids. Headache, hassle, and the government turning the screws. People like this are being actively targeted by the government and it will probably get worse under Labour.
Few issues with this. 1. It destroys communities for greed. 2. Where the duck do people get the £90,000 from? 3. Where do you live if youve spent all your savings on investment instead of a house of your own? Dont knock you as it is very solid advice. The problem is this boomer advice and only applicable to rich people who probably got rich out of pure birth lottery rather than knowing something special.
All look easy in the beginning but on long run you see half of the profit gone when tenants don’t pay rent and don’t want to vacate also take you court and make you spend more.
Lol your government prints money out of thin air and destroys its value. Then they tax you on it when your paid, when you buy, when you sell and when you die. That’s why things are more and more difficult. Not an English man buying a few houses LOL
@@FontaineBrothers our government? Explain how we 🏴, end up with tories & labour, which are parties from westminster, England. Know your history.
The problem is the houses you are on about are cheap for a reason. You will struggle to get a tenant because barely anyone live in these areas and the people who do live there are the older generation who already own their home. Also you would find it very hard to sell the house.
Allow for repairs, delinquencies and so on and 4.9% does not look much better than gilts, without the huge downside risk of 4x leverage in an increasingly bearish housing market. Typical housing downturn in the UK is over 30% real. With 25% equity, not great.
U can get a better return putting ur cash into high interest account and no hassle now the housing market value as stabilised and even falling then when the recession hits u got cash to buy more ,and no long drive to Wales 😊
Private landlords have ruined any chance for working class first time buyers. It should never have been allowed. Houses should be for homes, to allow working class people to retire with dignity, not for someone to make money out of especially when some are renting on benefits, which means the tax payer is funding landlords fortunes. Disgraceful.
And the renter the agent puts in the house on a 6 month contact pays for the first month and then leaves after legal proceedings 6 months later. I would use a better strategy based around SAs
In the valley’s in South Wales where I live every house in my street is worth around200-250k and the next street up all the houses are probably worth 350-400k 😂
What about appreciation, here in Canada it’s less on cash flow and more on appreciation cause real estate goes up every year Would you ever swap to a conventional mortgage and pay your loan down?
£1400 pcm in a high unemployment area for that house yeah right. Plus one months rent missing due to non payment or no tenant in and that model is fuukd.
Yeah some English woman bough a bunch of houses in my city, she looked at the houses once when she bough them and never again. Places were complete dumps.
And then the same problem happens in wales that's happened everywhere else in the UK. Houses get bought up, rents get pushed up, house prices go up, no one can afford to live anywhere or pay for goods and services and then the economy gets ruined. Classing houses as asset classes and investments is one of the biggest mistakes this nation has ever made. Brittain is fooked! We'll all be scrounging tins of beans out of the bin soon. 300k for a council house sh#thole is not a good ask. Houses are sold to landlords and corporations today and not as homes to people. Fight back you cowards!
What also happens is that those who _can_ afford these houses find themselves with no services. You can't have a cleaner, because none of those can afford to live nearby and their travel is too expensive on their shitty wage. You can't have a school because the teachers are priced out. There are no shops because the council jacked up the business rates. I have seen this before.
@RECORD OF BAMBOO the problem is it's putting prices up all over the place .. I'm from the north and making the pool nationwide is bringing southern prices up north , but our wages arnt the same up here
Mate of mine did this, went back one week because the rent hadn’t been paid and it was full of weed 🤣🤣 gotta love Merthyr
Alright but.
Sounds like his rent was paid 😉
yep the house next door to me was rented took the owner a month to clear all the dirt redecorate and new carpets near merthyr
That’s why you should stay out of Wales.
@@andrewwalton6545 it’s not even in the top 20 man, it’s not poor, just terrifying 😂
This strategy has literally ruined parts of island and rural northern Scottish communities
Explain pls
@@__-mt6jk really? Buy to let investors outbid locals on property, repeat several times, come winter local population is hugely reduced.
Similar has also happened with second home owners too
This is called business, we need people to to do this… also its Ireland lol
Weird comment and totally untrue
On the flip side, an outsider who outbids a local pays a local homeowner more than the would get otherwise so net net, more money sits in Wales
Greed ruins the locals. You're pricing people out. Stay out
Well said.
Tell the locals to get their money up not their funny up. Paupers
@@samurailjackson Or just don’t be a scumbag
@@samurailjackson 1400 is a months wage .
He’s made his money he can do what the fuck he wants with it.
I get the feeling this guy will do the bare minimum to make the properties liveable and cut all sorts of corners.
The landlord from hell for sure
Fully agree. Only 5% for maintenance. I'm looking at buying and my calculations for making it a place I'd be okay with living in put it at 10% minimum.
This includes roof repairs and replacements, boiler, flooring, pipework, bathrooms, driveway etc... Over a 25 year cycle.
750/month leaves £900 a year for maintenance. Sounds like a lot, but a boiler 20% of a decade is gone on a boiler. 20% of a decade is gone on new flooring. 30% of a decade is gone on a cheap bathroom and kitchen.
Save the 50% for major repairs £5000 is a roof replacement. £2000 driveway. £2000 repointing and cleaning brickwork, chimney repair etc...
Yep. At least 10%
Like all landlords. Cut all the corners you can then moan when it goes wrong.
Going to rattle a few feathers here but how about not telling the world that houses are cheaper in Wales and leave them for the Welsh people that want a home not a profit. Amen
Oh no my feathers are so rattled
@@FontaineBrothers obviously wouldn’t rattle your feathers… Hopefully all your houses don’t stand empty long enough for the locals to notice. Be a hell of a shame if all your copper pipes etc got ripped out the gaff wouldn’t it son lol. Have a nice day
Man needs cash bro gonna git 90 Housers filled wiv mandems n drive by in Lambo
Granny will be so proud
@@FontaineBrothersyou’re a melt
@@stedmodopar6252that won’t make any sense to this greedy bellend. He won’t see a problem taking affordable housing from those that need it to line his own pockets.
Only concern woukd be investing in a financially deprived area, rents may not be easily paid or residents evicted
Buy close to the bridge , get that bristol traffic
I think a lot of people might have forgotten what happened to Holliday cottages in Wales in the 80s
🔥
What happened?
@KosfingerBeats they all got burned down by the locals in protest at the high prices, demand dropped and prices dropped for years later
Come home to a real fire!!
Don't do this.... That's 4 roofs, 4 Kitchens, 4 bathrooms, 4 sets of tenants each potentially defaulting on rent..... Think long term, decent location.
Awful advice. The reason you have cash flow on your properties is to cover maintenance. You don’t make money using cash flow, you make your money in the appreciation of the asset. It’s another reason why this video is crap - house prices don’t go up in Wales and they are hard to sell - that’s why they are dirt cheap.
and 4 cannabis farms 😱
Where in the UK are the tenants who are trustworthy and who won't default?
@@04andyh I once saw an obvious former growhouse on Rightmove. The whole place was filthy and poorly kept, including the upstairs attic room with silver ducting, empty plant pots laying around and even some small remains of blue-and-white police tape. Lovely.
A growhouse is generally badly contaminated and needs full renovation. There's also a serious risk that they tampered with the electric so that would probably need inspected and potentially gutted.
The other issue with the growhouse is users or scumbags thinking it's still active which is a security risk to you.
All for a few hundred a month…
On interest only…
He’s an idiot
I live in south wales and you have to go into the sticks to find a gaff that cheap 😂😂
Correct . And renting it for 1400 ? What a dreamer
@@billymabum3514 he said the rent was £500 not £1400.
£1400 was on the £400k houses near where he lives
tenants complaining their houses are riddled with damp, not maintained, can't get hold of the landlord.
The landlord >
The same everywhere. Landlord doesn't do bugger all about a tenant complaint, but you bet if they had the same issue in their own home that premium tradesmen would be there in seconds.
A landlord wouldn't tolerate a month with no washing machine then have some generic "property maintenance" people barging in at 6am with a heap of garbage, having only notified you at 10pm the night before. They would just get John Lewis to deliver a £2000 Miele affair next day and provide the full white glove service.
They are so detached from the issues their tenants face and they genuinely don't care. The government have woken up at least, and finally these parasites are being hammered.
A career landlord would change their tune pretty quick if they were charged 300% stamp duty on their new purchase, also if they were taxed 30% of all the rental income.
Stop ruining local communities
You cant stop him but you can wake up your government to make new rules
How is it ruining communities?
Seethe harder
This is one of the reasons we have a housing crisis
Thats capitalism mate
No it's not.
@@ty194 yes it is
@@TomHartill Yeah, it's not the deliberate lack of housebuilding over the period of about 50 years or the deliberate increase in population through immigration - it's landlords. Definitely landlords.
@ty194 well actually, it's a combination of things. Property being bought up by rich overseas investors and not lived in, growing population/immigration, supply shortage AND large numbers of baby boomers owning second homes, too many landlords. These factors combined contribute to a supply/demand issue and drive up house prices/rent. You cannot simply hand pick which factors you want to fit your narrative, then write sassy youtube comments. Obviously having too many people owning multiple homes, and career landlords inflating prices are real factors.
Do we need landlords? Yes.
Do we need this many landlords? No.
Yeah lemme just whip 90 bags outta nowhere 😂✌️
U need to hustle work 4 jobs if u have to no one can get money out of no where 😂
It's boomer advice and nothing more.
"If you just stopped buying coffee and saved more you would be a millionnaire like me one day"
Only people doing this are people that don’t understand property. Now you got to fix 4 broken boilers instead of one. And they are not much cheaper in wales.. also looking at the numbers now your going to be losing money on cash flow with new mortgage rates and probably close negative equity at this point with price drops. Good job 👍🏻
Exactly. These people are 10 years late to the party.
@@tompiperson4793 he just want to sell you online courses, he aint flipper.
@@seeing156 bingo
Insurance will cover home repairs
Cannot agree more... Unfortunately there is a pocket of people that will still fall for this scam. If you really want to go for it. First go local one small property, then you will see the double digit ROI, in your dream.. One suggestion Google tenant credit check first
.
Getting someone in wales to pay £1400 a month rent 😂😂😂 good friggin luck pal
He said theyre 500 in wales
@@jrfw96 regardless we dont want people like this buying up the properties, its hard enough for youngsters in the local areas to get onto the property ladder let alone people like this muscling in and out bidding on properties
@What’s good yes it certainly would be someone, more than likely a local trying to buy their first home for their family 🤦🏻♂️ duh..
@What’s good nobody asked you to comment on my comments lol.. i can tell you dont care, maybe thats why ur broke and lonely surfing youtube for an argument
He's said the rents will be about 500 in Wales broski
Yet you’re broke and your company Fontaine brothers Ltd has never even made 10K 🤣🤣
Nobody likes paying taxes!
Shamelessly raising house prices in poor areas
As someone from South Wales I would just like to ask, where are you finding houses at 75k? Houses in my street were 80k 6 years ago. Covid raised them by 60k+…
Hasn’t factored in tax or accountancy fees on a Ltd company. Plus rental voids etc. just invest in the market in a S&P tracker, liquid money and no tax if you utilise your annual isa allowance. Simple.
Seen many more rich people make money this way than those that invest in good old bricks and mortar.
Vulture
Bald eagle
@@FontaineBrothers😂😂😂😂 Killer Repsonse
idk why people have a problem with what you’re doing, you’re literally creating housing for people
Need to cap the private rental market and allow people to own their own home
They're called 'Buy toilets'
Your not even keeping up with inflation with that rate
How do you keep up with inflation with your investments?
And this is why the rent prices are exploding while house prices are staying the same.
In my town (200k people) every single last new HMO application in 2023 was rejected. Every. Single. One. One got through but was revoked on appeal after the locals started banging the dustbin lids.
Lovely family homes in good areas, carved up into rooms by a slumlord and rented out to tramps and criminals. There was one that was shut down by the council and everyone evicted, after one resident murdered his buddy across the hall.
@@halfbakedproductions7887 The reason why HMOs are as big a thing as they are is because there isn't anywhere near enough house building going on.
Whats the point if your doing interest only morgage ? Sounds like a big headache for no return to me
The reason why most people can't get on the property market and why rent prices are going through the roof.
And this is the reason there’s a housing problem in Wales. Looking forward to seeing the massive tax increase coming for people doing this.
Your expenses have missed out either corporation tax or income tax. So say it’s 25% corporation tax, for four properties you’ve only actually made £585 per month. If it’s income tax and this is large scale you’ll earn even less. Plus interest only mortgage so at some point down the line you’re going to have to pay off a £400k debt, at £585 profit that will take you 57 years. And yes you could sell the properties to pay off that debt but then you have to worry about capital gains tax or market crashes. Dangerous game to play and as others have said immoral anyway as your driving up the rent in the cheaper areas.
Thats hitting the nail on the head coming from a landlord.. if it sounds to good to be true???? Maybe I’m just getting old and becoming negative 😅😅
Oh boy, these ‘entrepreneurs’ are going to get a shock soon. Turns out it’s not a free money printer when you need to borrow 75% of the money.
Tenants pay down the debt but yeh not good to be over leveraged
@@FontaineBrothers You need to watch the video again buddy. “Interest only mortgage” The debt is never being paid down.
I would never, ever, have an interest only mortgage. It's basically gambling, or you're renting a timebomb.
Not for me.
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Finally someone’s who’s actually honest about how much people make in real estate. 4-9% return on equity is pretty decent, most people make 4-6% gross and in major cities it’s on the lower end of that. But if you go online people are claiming making double digit returns are normal, sorry but in the long run it’s just not.
I’m glad pricing us out of our communities is getting you more bang for your buck :/ no wonder nobody can afford to buy their own homes anymore
I bet he's great fun to go out with 😆 🤣
I’m out here to make a living. Not to make loser friends in a pub👊
@@FontaineBrothers 😁👌🏽
@@FontaineBrothers 🙄
@@FontaineBrothers exactly! 👏
Hes probs got more money than you so probably more fun on a night out
Imagine being taken in by this ABSOLUTE UNIT! I'd boot him up and down my street 😂
4 houses = 4 times the headache
And 4 times the money.
I accidentally got sent a load of rental receipts by a letting agent once. I opened them.
The landlord was making £32k in rent before tax and I knew the area well enough to learn that his properties were probably worth about £700-800k. It was a cheap town and this was 2015 or so.
At the time my annual salary from working full time wasn't much more than £32k.
Won’t the changes to council tax (for second homes/investment properties) affect this in Wales now though? Serious question.
This is an example of why housing is fucked in the UK. And you are paying over a thousand pounds in rent a month. GREED!
Yep, if you rent out straight away,if tenants will pay you rent each month,if you don't have to evict them,if you evict them quickly -- just costs,costs,fees, headache
Crap equity return on welsh homes and 1-2 boilers go.. no rents 3 months.. bournemouth is the better purchase
I would move to Wales but contribute to the community
Not sure I would want to buy up houses so locals can't buy anything just to make money
What he’s neglecting to say is to buy a 80k house in south wales you need to buy up the valleys where most people don’t have much money so you won’t end up getting much rent if any just a lot of head ache trying to evict
How did you manage to get nearly £100k upfront? That's amazing, especially for a young lad. Wish you all the best with the journey, wish I was as brave. I had over £100k in 2016 but played it safe, got married, paid debts off, moved to a bigger house, helped family. Yes my equity is now about £300k in my house but no passive income above that
Ahhh well I’ve been running business for nearly 10 years now and failed them all only been getting success in the last 3 years haha so hopefully I can keep going
,,I wasnt financial free until my 40’s and I’m still in my 40’s, bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing is a grand choice I made. Great video! Thanks for sharing!
Very inspiring! I love this
where to buy please tell me ha.. live in london got 70k, stressing me where to choose :) :) xx
Litrally let's use city money and make it so villagers cannot own a house in their own connunity ruining the culture and country 😤
Yeah but in Wales, as soon as you fit the new boiler stairs etc ,before the contractor returns to Bournemouth the new stuff has been removed by locals. I know, I'm one of the contractors that worked for a lady in London. She was a lovely lady ( Theo Russell) just trying to make a living. Welsh hate the English.
Other way around.
@@gavinthomas7375 I hope you're not suggesting that the English hate the Welch. I personally travelled to Swansea many weekends to have a good night out from Somerset. I'd stay there and in the pub the next day. I suffered no such discrimination. I love the Swansea folk. But when I worked in Rural Blanoufestiniog. You could cut it with a knife. Talk about "Take the wrong turn".
@@Itisinthehand I speak only for South Wales,hope you enjoyed swansea my favourite night out.
@@gavinthomas7375 Mine too for years. Is Barons still there? Gotta be what with Twin Town fame.
@@Itisinthehand closed down years ago,great place with the best atmosphere ever.
He doesn't factor in people in Bournemouth pay the rent, people in valley's don't pay least 50% of the time and wreck the houses so you don't get better return and they don't really rise in price hence why can buy 4 for price of 1
Yh just fuck up the house prices for the people who live there and want to buy when they're old enough, but don't earn as much as you because of where they live.
Let me know all these houses get on in the upcoming crash…lots of liability and interest increases for a decrease valued home.
If it sounds too good to be true it usually is
Get out of wales.. let them live in peace and cheap. Rentals is the worst , let the people live for cheap. Rents are already sky rocketed and unaffordable even a 50k salary before tax is shambles for survival
No ones paying 500 a month for that in Wales mate
How do you figure out the best areas to buy? Im assuming some of the houses can take a while to get tenants depending on location?
Are the mortgages interest only or repayment?
And people complain when Wales impose a second home tax
Absolute walloper starter guide
Or put your saving into an ETF fund where it can return you on average of 7-10% yearly. Without worrying about tenants and hassle or renting a property?
Who does best buy to let deals at the mo?
With current rate hikes etc.
If your talking about deals on lending you need to speak to a few brokers 👊
Absolutely no mention of a small thing called Income Tax.
Hello lads, met you in the travel lodge a while back when you were picking your daughter up. I spilled my pint a little 😂 - do you have any properties in Dorset at all? Could definitely help each other out 💯 checkatrade highly rated in Poole, Bournemouth, Wareham, Swanage.. and GMB top rated Blandford. Let me know 😊
Jay Lean
Except that your local area you more than likely won't need management so that's 12% saved already and capital appreciation will be far different. They all have pros and cons, plus Wales? R.I.P PRS
Rather have the 1 quality asset and 1 headache. Obviously quality assets have better capital growth
Yeah I agree. My wife and I liquidated any older builds and moved into the new/modern build sector. Even with the premium rates we have no effort of getting reliable tenants before the build is even ready. Gives you more pride n your portfolio also even if the income level wouldn't technically be as good.
Fergus Wilson retired and sold everything. At one point he seemed to have been personally earning about £600k a month before tax.
Nicholas van Hoogstraten has also basically done the same, with most of what he formerly owned now held in trusts managed by his kids.
NvH's strategy is a very common and very sensible one - you own sod all, therefore there is sod all to be taken from you. It's also a good way of skirting IHT.
Don’t forget to mention the repairs, gas and electrical checks
Don’t forget the repairs, gas and electrical checks everyone 👊
People don’t realise these profit margins are too small. If you rent a house for £1000 and your mortgage is £700 you don’t make £300 the government say you are making £1000 and charge tax on that £1000 not the £300. Then there is costs things breaking tenants not paying you. Property is dead now unless you are rich and looking for a greater return than a bank account on your money…
Exactly. And that's where people get their fingers burnt, by not knowing this very simple fact. I friend of mines dad came to London from Cyprus in the early 70's. He got into rentals and built a small empire. Spoke to him a little while back and he said it's impossible to what he done now.
@@tilerman I know people that done the same thing the only reason they made money was because of the boom in London which you either predicted and knew more than most or you got lucky. Everyone talking on here about buying property with tiny margins clearly have never actually owned any property because you would be crying after recent mortgage hikes. You would be paying on top every month for the mortgage and then you would be paying a hefty tax bill at the end of the year on top. I suppose they have to sell there courses about how to buy property with no money lol as if 😁
There's a reason why Fergus Wilson sold up and retired. There's also a reason why the artist formerly known as Nicholas van Hoogstraten now owns basically nothing and it's all in trusts run by his kids.
Headache, hassle, and the government turning the screws. People like this are being actively targeted by the government and it will probably get worse under Labour.
Good luck getting 3% interest rates now
Ha yeah was filmed a year ago
Few issues with this.
1. It destroys communities for greed.
2. Where the duck do people get the £90,000 from?
3. Where do you live if youve spent all your savings on investment instead of a house of your own?
Dont knock you as it is very solid advice. The problem is this boomer advice and only applicable to rich people who probably got rich out of pure birth lottery rather than knowing something special.
All look easy in the beginning but on long run you see half of the profit gone when tenants don’t pay rent and don’t want to vacate also take you court and make you spend more.
Question do you pay stamp duty upfront or pay in monthly installment
Why not buy houses or flats in your own country!!
You are damaging other 🏴🏴 countries as locals can't afford to buy them.
Lol your government prints money out of thin air and destroys its value. Then they tax you on it when your paid, when you buy, when you sell and when you die. That’s why things are more and more difficult. Not an English man buying a few houses LOL
@@FontaineBrothers our government? Explain how we 🏴, end up with tories & labour, which are parties from westminster, England.
Know your history.
The problem is the houses you are on about are cheap for a reason. You will struggle to get a tenant because barely anyone live in these areas and the people who do live there are the older generation who already own their home. Also you would find it very hard to sell the house.
No one ever mentions non paying low quality clients paying £500 a month rent
Vvanker
All great but only thing is, you now have to manage 4 properties
agents do
How are you buying houses in Wales and avoiding the extra+3% second house Land Tax premium. Genuine Question.
Allow for repairs, delinquencies and so on and 4.9% does not look much better than gilts, without the huge downside risk of 4x leverage in an increasingly bearish housing market. Typical housing downturn in the UK is over 30% real. With 25% equity, not great.
Don't forget you still have to have earnings and the portfolio for the banks to feel confident.
U can get a better return putting ur cash into high interest account and no hassle now the housing market value as stabilised and even falling then when the recession hits u got cash to buy more ,and no long drive to Wales 😊
Great until rates go up and you're without a paddle.
u have to have first 70k
Yes
Private landlords have ruined any chance for working class first time buyers. It should never have been allowed. Houses should be for homes, to allow working class people to retire with dignity, not for someone to make money out of especially when some are renting on benefits, which means the tax payer is funding landlords fortunes. Disgraceful.
And the renter the agent puts in the house on a 6 month contact pays for the first month and then leaves after legal proceedings 6 months later. I would use a better strategy based around SAs
Good for you. But be honest with ya tenants and treat em well.
In the valley’s in South Wales where I live every house in my street is worth around200-250k and the next street up all the houses are probably worth 350-400k 😂
Where I live you could rent a 4 bed detached bungalow for less than 1400 a month . This guys dreaming
Man is spot on.
👊👊👊
Ok. But how do you get multiple mortgages on multiple properties unless you have a super high salary?
What about appreciation, here in Canada it’s less on cash flow and more on appreciation cause real estate goes up every year
Would you ever swap to a conventional mortgage and pay your loan down?
He's not renting houses he's growing weed in them in Wales 😊
I live in SWales and house prices are 200k+ where I live
Where you getting 3.5% interest rates at these days?
£1400 pcm in a high unemployment area for that house yeah right. Plus one months rent missing due to non payment or no tenant in and that model is fuukd.
Yeah some English woman bough a bunch of houses in my city, she looked at the houses once when she bough them and never again. Places were complete dumps.
Sad
Higher risk with tenants and damage 1 is better than 4, more chance of something breaking like boiler etc costing u more
If you have one property and boiler breaks you haven’t got the other 3 bringing you income
@@FontaineBrothers houses appreciate more in certain areas though
And then the same problem happens in wales that's happened everywhere else in the UK. Houses get bought up, rents get pushed up, house prices go up, no one can afford to live anywhere or pay for goods and services and then the economy gets ruined.
Classing houses as asset classes and investments is one of the biggest mistakes this nation has ever made.
Brittain is fooked! We'll all be scrounging tins of beans out of the bin soon.
300k for a council house sh#thole is not a good ask. Houses are sold to landlords and corporations today and not as homes to people.
Fight back you cowards!
What also happens is that those who _can_ afford these houses find themselves with no services.
You can't have a cleaner, because none of those can afford to live nearby and their travel is too expensive on their shitty wage. You can't have a school because the teachers are priced out. There are no shops because the council jacked up the business rates.
I have seen this before.
Where abouts in Bournemouth, that house looks like it’s from Trickett’s cross 👀
Bad idea dude, bragging about pricing locals out. Read up about the 80s
What ya going to do when you get a tap leak? Drive to Wales and back?
How do you learn about this way of making money?
Must be a right shit hole for that price in wales
Love your channel
Stay in your zone man .. let people who are from the area have the places from the area.. you stay in your area.... or move 👊
@RECORD OF BAMBOO the problem is it's putting prices up all over the place .. I'm from the north and making the pool nationwide is bringing southern prices up north , but our wages arnt the same up here
Imagine having negative equity and losing cash flow in wales due to rate rises. 🤣 hard to sympathise with a landlord heading for doomsday
Can this still be done or has the rules changed for English buying houses in wales ?
Anyone can buy houses in wales