I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third 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 in the financial market is a grand choice I made. Great video! Thanks for sharing! Very inspiring! I love this.
I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.?
@@jesbensommichael8397 I invest across the top markets but not by myself though. I follow the guidelines of *PRISCILLA DIANE AIVAZIAN* . you might have heard of her. I can correctly say she's worth her salt as an investment advisor as her diversification skills is top-notch, I say this because I see that in her results as my portfolio grows by averages of 20 to 3O% every month, unlike I can say for my IRA which has just been trudging along. my portfolio just mirrors what she places and not just on some particular industries of my choosing. she gave me that financial freedom I needed
@@harrisonmichael5047 That’s great, your investment advisor must be really good, I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind sharing more info on this person?
@@jesbensommichael8397 look her up on the internet with her name. she's quite popular for her services as she was recently featured on CNN. She can work with anyone irrespective of where you're located
Great content, thanks for uploading. What is the reason for splitting the £50k between two older properties rather than one newer one, say in the centre. Do you find there are more running costs with new builds? Thanks
Always James. Service charges go up every year, so does ground rent. Tenants don’t settle down here, they stay for a year or two, so it costs more in tenant turnover, because they all want to move to somewhere bigger, with outdoor space and better parking. In a house you keep tenants for 5+ years
Inside Liverpool Thanks for the reply. Interesting point on the length of leases, I had not considered this but understand the value in keeping a tenant in for the long term. I had suspected that is the case in regards to the new apartment fees however is there a case that with an old house there could be larger bills such as a roof repair, replacement boiler when compared to the newer apartment. I guess this needs to be properly checked when buying the property.
Great video, I look forward to future content. I’m a property investor looking to invest in multiple properties in the Liverpool area. Are there any estate agents you’d recommend? Also, is there a good way of sourcing reliable trades people around there? I’m up there a lot for games and love the city/people
There’s little point in trying to build relationships with estate agents. The market moves too quickly. Just search for the properties you’re interested in and go view. Only ever use trades from recommendations or better still, get a condition survey on the house you’re buying and your surveyor will recommend trades for each aspect of work.
duhurru yes that is possible. As a letting agency we work with some social housing providers so we can organise that for you. They would usually take the house on a 3 year lease to begin with.
duhurru Different providers have different preferences, in terms of size/type of property. Most would prefer 1/2/3 bed single lets though in ‘average or better’ areas of liverpool. So they don’t really want Anfield, Kirkdale, Everton (L4,5,6) they’d prefer West Derby, Old Swan, Knotty Ash, Wavertree (L12, 13, 14, 15, etc) - but they will consider anywhere as it’s more of a road by road decision. It’s to make sure their tenants aren’t surrounded by other vulnerable tenants or anti/social behaviour.
Sometimes the estate agents will advertise them (look out for white & blue safety stickers on toilets/taps/fireplaces) but often they’re at auction because they have to be seen to get the highest price for them
Where are good areas to buy house to live for my own small family? I looked online and could afford something up to £100,000. I liked some houses in areas Old Swan, Huyton, Roby, Prescott, all areas close to railway leading to St Hellens were nice and I like to have rail access. All what I need is somewhat easy access to center and safe area to live.
Of all the areas you mention here, Prescot is the nicest. Then Roby. Some parts of Huyton are nice, others are not so nice - it depends on the road/Street.
@@InsideLiverpool Thanks! I'll try to investigate areas more once I move to Liverpool. How about St Helens and Kirkby? Some houses look really good but not sure if area is nice too. Same question around Rocky Lane, seems to have somewhat newer type of houses. Is any other areas more worth looking into? I was told to avoid Bootle and some parts in Huyton as they are devastated. Are there any news on redevelopment in Huyton?
@@ewa1749 Knowsley council will be investing a lot of money into huyton in the future and have already started investing a lot of money into Prescot. Here’s a link: www.knowsley.gov.uk/knowsleycouncil/media/Documents/Huyton-Masterplan-SPD-Final-Report-April-2017-rfs_1.pdf St. Helens is cheaper. You get more house for your money. But I don’t think you’ll get as much capital growth in the future as you will in Liverpool. Kirby is popular too, because prices are lower and the better parts are close to Melling. Good luck in your search x
Some great streets in L4 Like all postcodes, it’s got it good bits and bad bits courageitsme L4 Walton is quite different to L4 Anfield and a 2 bed for £50k is quite different to a 3 bed for £90k
Great video! What area of Liverpool would you recommend for a good yield (8%+) that is set to experience good capital growth over the next 5 years. For standard BTLs ?
Hi Luke You’ll be hard pushed to find a guy to let with 8%+ yield in the amount areas you would want to own property, in the current market. You can get 7% buying a 2 bed for £90k in Old Swan, L13 & Wavertree , L15 & Garston, L19 Garston is likely to have the most growth out of these areas, as it’s also a good postcode for home ownership.
L7 and L1 are totally different so it makes comparison difficult. The reason you heard that was because it is full of HMOs and HMOs will create more yield, but will also come with a lot more hassle. Also, the headline yields don't account for expenses such as utilities and increased management costs, compared to single lets. L1 is city centre single lets, far more passive. You can get our FREE postcode guide here: inside-liverpool.activehosted.com/f/13 This will give you are much more accurate idea of what is worth looking at for investment here
Very much so Siraj Bhachu It also depends what kind of property you want to buy. I wouldn’t put a HMO there, for example. But 3 bed single leta in some streets are pretty good for working families.
Great content. Really appreciated. Soon I will have around 170k cash. I'm looking at buying a family home cash for me and my 2 kids. So I'm looking for a safe area, good schools, greenery, good quick links into the city and ideally something that I can rent out for a few years and then move into with my family. I am currently living and working abroad so intend to generate good rental income for a few years then move into it as my family home. We are British Asian so abit of diversity in the area wouldn't go a miss. Any recommendations on areas within this budget would be extremely helpful.
Toxteth, L8 One of my favourite postcodes. So much regeneration happening there now around The Welsh Streets and Princes Park. It’s really close to city centre and every single culture you can think of is here - it’s a melting pot of diversity and so chill. Rents have risen a lot in this postcode in recent years. Go look up the ‘Place First’ developments around The Welsh Street. Stunning. omar rehman
I'm saving for a deposit this year and moving back to Liverpool. I will be looking to buy a 3/4 bedroom house, where I would have one room and then rent out the other bedrooms. My question is, does this complicate mortgage situation? I live there so am I allowed residential mortgage or do I need BTL? (Any tips would be great!) Thanks Sam
Hi Sam It does complicate things a bit but there are lenders that allow it. Speak to a good mortgage broker and explain exactly what your intentions are so they can ensure you get the right product. It’s also a great tax efficient way to make money from property as you can use the ‘rent a room scheme’ to save tax. You’ll have to declare the income but it’ll be tax free up to a certain amount. Speak to a good accountant too.
@@InsideLiverpool Thanks for answering my question Vicky! I'm excited to get the ball rolling, hopefully I'm not too late as it seems everybody wants to invest in Liverpool at the moment!
Hi Vicky, I’ve seen some immaculate 3 bed houses in the L13 area on rightmove for £140,000 to £150000. Are these worth the price in the ‘better areas’ of L13?How much rent will I be looking on these per month if I purchased?
L13 has 3 parts to it: Tuebrook, Old Swan, Stoneycroft. The best deals in Old Swan are those around East Prescot Rd for £90-115k at £600pcm rents - any more than that and your yield will suffer as rents are not much higher.
Depends what you mean by ‘better’ Wavertree, L15 Popular with students, been good for HMO for a while. Article 4 in parts though. Some pretty scruffy streets because of HMO but good atmosphere round Smithdown Rd. Old Swan, L13 Great for single lets. If you were a single let tenant, where would you choose to live...? slimtimothy1
As a landlord looking for a single let tenant property I would definitely prefer the old swan area after hearing your opinion. Thanks for the info Vicky
It’s good on the Wirral too but property prices are lower because rents are too and I’d argue there won’t be the same amount of capital uplift over there SK HRNG
Yes Spencer, you can borrow as little as about £10k but it will be from more specialist / commercial lenders in a limited company such as Together Finance. And there are also some options if you buy in your own name, such as Birmingham MidShires
Depends who your target market is Penelope. Students go look around L7 Kensington Fields, and L15 Wavertree. Professionals, go look in the South of the city, L17 Aigburth & parts of L8 Toxteth will work. Blue collar workers will rent almost anywhere provided there is easy access to transport links: Walton L9 can won’t well for these guys. Please understand our Article 4 areas though. Search our website for various blogs written about this topic - www.inside-liverpool.co.uk/blogs
yash jaja - the current selective licence expires on March 31st 2020. There isn’t anything in place for a new licence after that date at the moment. The council wanted to renew the scheme but the government said no. But I think they’ll appeal this... so stay tuned because we’ll update you on here
I wasn't financial free until my 40’s and I’m still in my 40’s, bought my third 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 in the financial market is a grand choice I made. Great video! Thanks for sharing!
Very inspiring! I love this.
I understand that tomorrow isn't promised to anyone, but investing today is hard for me now because I have no idea of how and where to invest in. I would be happy if you could advise me based on how you went about yours, as I am ready to go the passive income path.?
@@jesbensommichael8397 I invest across the top markets but not by myself though. I follow the guidelines of *PRISCILLA DIANE AIVAZIAN* . you might have heard of her. I can correctly say she's worth her salt as an investment advisor as her diversification skills is top-notch, I say this because I see that in her results as my portfolio grows by averages of 20 to 3O% every month, unlike I can say for my IRA which has just been trudging along. my portfolio just mirrors what she places and not just on some particular industries of my choosing. she gave me that financial freedom I needed
@@harrisonmichael5047 That’s great, your investment advisor must be really good, I have seen testimonies of people using the help of investment advisors in making them more financially stable. Do you mind sharing more info on this person?
@@jesbensommichael8397 look her up on the internet with her name. she's quite popular for her services as she was recently featured on
CNN. She can work with anyone irrespective of where you're located
@@harrisonmichael5047 Thank you so much! Found her webpage and left a message. Hopefully, she responds.
Refreshingly straight forward no b/s video :) Some great tips for a potential newbie investor like me. Will check out your website. Thanks
Thanks Michael! Look forward to helping you further ☺️
Hey there Vikki, would you make a video on good ares for Hmos in Liverpool?
Great content Vicky! God sent! Looking for my first ever let 😬😬
Bilal Khan - if you’re looking in liverpool, let us help you. Drop us an email: hello@inside-liverpool.co.uk
Great Content. Thanks Vicky
Thank you Zola, if there is anything else you would like us to cover let us know
Proper honest expert knowledge. Respect!
Why thank you Gordon :)
Great content, thanks for uploading. What is the reason for splitting the £50k between two older properties rather than one newer one, say in the centre. Do you find there are more running costs with new builds? Thanks
Always James. Service charges go up every year, so does ground rent.
Tenants don’t settle down here, they stay for a year or two, so it costs more in tenant turnover, because they all want to move to somewhere bigger, with outdoor space and better parking.
In a house you keep tenants for 5+ years
Inside Liverpool Thanks for the reply. Interesting point on the length of leases, I had not considered this but understand the value in keeping a tenant in for the long term.
I had suspected that is the case in regards to the new apartment fees however is there a case that with an old house there could be larger bills such as a roof repair, replacement boiler when compared to the newer apartment. I guess this needs to be properly checked when buying the property.
Very informative, great video!!
Glad you enjoyed it TJS :)
Very helpful thanks vicky
Glad it was helpful!
Great video, I look forward to future content. I’m a property investor looking to invest in multiple properties in the Liverpool area.
Are there any estate agents you’d recommend? Also, is there a good way of sourcing reliable trades people around there?
I’m up there a lot for games and love the city/people
There’s little point in trying to build relationships with estate agents. The market moves too quickly. Just search for the properties you’re interested in and go view.
Only ever use trades from recommendations or better still, get a condition survey on the house you’re buying and your surveyor will recommend trades for each aspect of work.
What about guaranteed rent? Giving the property to social housing?
duhurru yes that is possible. As a letting agency we work with some social housing providers so we can organise that for you. They would usually take the house on a 3 year lease to begin with.
Inside Liverpool thank you so much for the reply! What postcodes in Liverpool are good for this?
duhurru Different providers have different preferences, in terms of size/type of property. Most would prefer 1/2/3 bed single lets though in ‘average or better’ areas of liverpool.
So they don’t really want Anfield, Kirkdale, Everton (L4,5,6) they’d prefer West Derby, Old Swan, Knotty Ash, Wavertree (L12, 13, 14, 15, etc) - but they will consider anywhere as it’s more of a road by road decision.
It’s to make sure their tenants aren’t surrounded by other vulnerable tenants or anti/social behaviour.
Inside Liverpool thank you so much for the response! Really appreciate it xxx
Thanks Vikki, this is so clear and helpful. Where does one get hold of repossession properties? At auction only? Thanks, Kat
Sometimes the estate agents will advertise them (look out for white & blue safety stickers on toilets/taps/fireplaces) but often they’re at auction because they have to be seen to get the highest price for them
I have 20k I want a BTL in Liverpool what and where do you suggest?
I have 75k am looking of buying two as once.What do you think about L15.Thanks
Where are good areas to buy house to live for my own small family? I looked online and could afford something up to £100,000. I liked some houses in areas Old Swan, Huyton, Roby, Prescott, all areas close to railway leading to St Hellens were nice and I like to have rail access. All what I need is somewhat easy access to center and safe area to live.
Of all the areas you mention here, Prescot is the nicest. Then Roby. Some parts of Huyton are nice, others are not so nice - it depends on the road/Street.
@@InsideLiverpool Thanks! I'll try to investigate areas more once I move to Liverpool. How about St Helens and Kirkby? Some houses look really good but not sure if area is nice too. Same question around Rocky Lane, seems to have somewhat newer type of houses. Is any other areas more worth looking into? I was told to avoid Bootle and some parts in Huyton as they are devastated. Are there any news on redevelopment in Huyton?
@@ewa1749 Knowsley council will be investing a lot of money into huyton in the future and have already started investing a lot of money into Prescot.
Here’s a link: www.knowsley.gov.uk/knowsleycouncil/media/Documents/Huyton-Masterplan-SPD-Final-Report-April-2017-rfs_1.pdf
St. Helens is cheaper. You get more house for your money. But I don’t think you’ll get as much capital growth in the future as you will in Liverpool.
Kirby is popular too, because prices are lower and the better parts are close to Melling.
Good luck in your search x
Very helpful video. What are your thoughts on the L4 area for a BTL investment?
Some great streets in L4
Like all postcodes, it’s got it good bits and bad bits courageitsme
L4 Walton is quite different to L4 Anfield and a 2 bed for £50k is quite different to a 3 bed for £90k
Walton is rough as arseholes 😂
Great video!!!
Appreciated Alex Di Giuseppe
Great video! What area of Liverpool would you recommend for a good yield (8%+) that is set to experience good capital growth over the next 5 years. For standard BTLs ?
Hi Luke
You’ll be hard pushed to find a guy to let with 8%+ yield in the amount areas you would want to own property, in the current market.
You can get 7% buying a 2 bed for £90k in Old Swan, L13 & Wavertree , L15 & Garston, L19
Garston is likely to have the most growth out of these areas, as it’s also a good postcode for home ownership.
@@InsideLiverpool I thought Wavertree was a good area
What do you think about L7 postcode? Heard it gives the highest yields besides L1.
L7 and L1 are totally different so it makes comparison difficult.
The reason you heard that was because it is full of HMOs and HMOs will create more yield, but will also come with a lot more hassle. Also, the headline yields don't account for expenses such as utilities and increased management costs, compared to single lets.
L1 is city centre single lets, far more passive.
You can get our FREE postcode guide here: inside-liverpool.activehosted.com/f/13
This will give you are much more accurate idea of what is worth looking at for investment here
What do you think about investing in L4? Street by street dependent?
Very much so Siraj Bhachu
It also depends what kind of property you want to buy.
I wouldn’t put a HMO there, for example.
But 3 bed single leta in some streets are pretty good for working families.
Such a helpful video
Glad you found it useful RiRi smile 😊
What do you think about bootle?
I have a lot of thought about Bootle...
What do you specifically want to know about it?
@@InsideLiverpool is it a good idea to invest there
Great content. Really appreciated. Soon I will have around 170k cash. I'm looking at buying a family home cash for me and my 2 kids. So I'm looking for a safe area, good schools, greenery, good quick links into the city and ideally something that I can rent out for a few years and then move into with my family. I am currently living and working abroad so intend to generate good rental income for a few years then move into it as my family home. We are British Asian so abit of diversity in the area wouldn't go a miss.
Any recommendations on areas within this budget would be extremely helpful.
Toxteth, L8
One of my favourite postcodes. So much regeneration happening there now around The Welsh Streets and Princes Park. It’s really close to city centre and every single culture you can think of is here - it’s a melting pot of diversity and so chill.
Rents have risen a lot in this postcode in recent years.
Go look up the ‘Place First’ developments around The Welsh Street. Stunning.
omar rehman
Still l13 good investment?
Defo, rents gone up and demand still high
I'm saving for a deposit this year and moving back to Liverpool. I will be looking to buy a 3/4 bedroom house, where I would have one room and then rent out the other bedrooms. My question is, does this complicate mortgage situation? I live there so am I allowed residential mortgage or do I need BTL? (Any tips would be great!)
Thanks
Sam
Hi Sam
It does complicate things a bit but there are lenders that allow it. Speak to a good mortgage broker and explain exactly what your intentions are so they can ensure you get the right product.
It’s also a great tax efficient way to make money from property as you can use the ‘rent a room scheme’ to save tax. You’ll have to declare the income but it’ll be tax free up to a certain amount. Speak to a good accountant too.
@@InsideLiverpool Thanks for answering my question Vicky! I'm excited to get the ball rolling, hopefully I'm not too late as it seems everybody wants to invest in Liverpool at the moment!
Property will always go up in value over the long term, so don’t worry about ‘missing the boat’
Sam Blake
Hi Vicky, I’ve seen some immaculate 3 bed houses in the L13 area on rightmove for £140,000 to £150000. Are these worth the price in the ‘better areas’ of L13?How much rent will I be looking on these per month if I purchased?
Which area is better old swan or Waverley?
L13 has 3 parts to it: Tuebrook, Old Swan, Stoneycroft.
The best deals in Old Swan are those around East Prescot Rd for £90-115k at £600pcm rents - any more than that and your yield will suffer as rents are not much higher.
Depends what you mean by ‘better’
Wavertree, L15
Popular with students, been good for HMO for a while. Article 4 in parts though.
Some pretty scruffy streets because of HMO but good atmosphere round Smithdown Rd.
Old Swan, L13
Great for single lets.
If you were a single let tenant, where would you choose to live...?
slimtimothy1
As a landlord looking for a single let tenant property I would definitely prefer the old swan area after hearing your opinion. Thanks for the info Vicky
How about Birkenhead and Wallasey for BTL market?
It’s good on the Wirral too but property prices are lower because rents are too and I’d argue there won’t be the same amount of capital uplift over there
SK HRNG
Didn’t think you could get a mortgage under 40k?
Yes Spencer, you can borrow as little as about £10k but it will be from more specialist / commercial lenders in a limited company such as Together Finance.
And there are also some options if you buy in your own name, such as Birmingham MidShires
What about 50k and you are an experienced investor looking for HMO ? :)
Depends who your target market is Penelope. Students go look around L7 Kensington Fields, and L15 Wavertree.
Professionals, go look in the South of the city, L17 Aigburth & parts of L8 Toxteth will work.
Blue collar workers will rent almost anywhere provided there is easy access to transport links: Walton L9 can won’t well for these guys.
Please understand our Article 4 areas though. Search our website for various blogs written about this topic - www.inside-liverpool.co.uk/blogs
@@InsideLiverpool thank you. Will be up in a couple of weeks to check all these areas out :)
Do you need a license for single lets investment in Liverpool?
Thanks
yash jaja - the current selective licence expires on March 31st 2020. There isn’t anything in place for a new licence after that date at the moment. The council wanted to renew the scheme but the government said no. But I think they’ll appeal this... so stay tuned because we’ll update you on here
@@InsideLiverpool any update on this, please?
@@Avdarmaly still no licence needed in Liverpool currently (Sefton yes, Liverpool no) - Oct 2021