Buy to let Basics! UK Property Investing for Beginners
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- Опубліковано 29 сер 2024
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This is the first video of yours that I've watched! You were so clear, you shared so much information that I already want to watch all the others.
Thanks! really glad to hear it was useful!
@@JustinWilkins please can you make another video with full analysis before going for buy to let
As a newby what are the things that should be in place! when do you start viewing? Like a Broker in place, and so on? It is the most Detailed video I ever watched. Many Thanks.
Great video, thanks. The idea about interest only for buy to rent is something I did not think about.
Great to hear and good luck 💪
Great video, scary taking the first step, incase the property is not rented out, or they stop paying rent
Yes completely, I think a lot of people are worried by that. From what I’ve always found, if you buy in a decent investment area and provide a good house, renting it will not be difficult. Demand outstrips supply in most areas!
Basic but well explained and useful! 👏
Exactly the goal, thanks
Great video, I've noticed however that I have to pay the additional stamp duty surcharge which ramps up my inital costs, do I avoid this buy purchasing as an LTD?
Great video mate👍 I think every one should do a brr and not by a btl waist of money
Thanks 🤝 I believe a time and a place for BTL for sure, but BRR will allow investors to take their capital further 🔥🔥
Thank you Justin for this its educating me, studying things hope I can do my first referbish to let with my partners next year.❤
Pleasure! Glad it was useful and good luck with your future project!
I'm a Financial Adviser and can say a few of the additional benefits of owning a property through a limited company.
- Section 24 as you mentioned.
- The property being outside of your estate is great for IHT planning. You can simply change the director in the future.
- Pension contributions. Rental income earned in your own name is not relevant UK earnings. So if it's your only source of income your annual allowance would be £2,880. Whereas through a limited company pension contributions are not capped on the salary or dividends you take, so your annual allowance would be £60,000. Plus the pension contributions are an allowance expense, so can be a great way to reduce corporation tax and extract money from the company without paying income tax or dividends.
- You are also able to plan your income more effectively. You may choose to leave profits withheld in the company and only take up to your personal allowance or up to £50,270 for example.
A lot of accountants shy away from recommending pensions as an allowable expense. Not because they're against pensions, they know they're great.
They shy away because it's not an area they can advise on and can't recommend specific pension providers or portfolios.
Thanks for these Liam - lots of useful points for other viewers! 💪
@@LiamR90 do you provide Financial Advice for property investors? I'm about to buy my first property under a company name.
To be buy to let investor, you need to have deposit in place, be able to pay mortgage if house or apartment have no tenant, then you buying property at right location to get better income
Correct. Those are some key elements to being a buy-to-let investor
Amazing video Justin. Buy to let is a great strategy for beginners, we are developing a software which compares every property on the open market to show you the properties which have the best rental yield instantly!!!
If you refurb yourself.. and self manage.... how do calculate the figure you should pay yourself for doing this....
EG if I have an isa...I invest but its virtually no management...I can still do my 50k a year job...
So what would you pay yourself as a monthly income and how does this reflect in you ratios !
Great presentation. How easy can it be for foreigners to buy UK properties?
Can you please do a video on how to invest 100k correctly and how to find properties
Will add to my list 🫡
Hi great vid, as an newly qualified electrician im looking to start a property company i have around 20k saved up myself and have been scouting some potential btl properties to turn to hmo or 4 bed flats using the brr method, was wondering when the best time is to start the imited company and make the leap, id like to try do most the renovation myself on a weekend and nights as id be working full time aswell but my question to you is when did you go for it and how did you start? thank you :)
Great to hear. Most investors will tell you the best time was yesterday, and the second best time is today … meaning get started asap! The market is constantly moving forward and capital growth is built through ownership and holding onto properties long term.
In your position I would do what I can to level up my knowledge, speak to all professionals that I need to prior to get the best structure (accountant, finance broker, solicitor) and then go for it 💪
@@JustinWilkins thank you 😊
Hey Justin! are you looking for a video editor? let me know, I can help.
Amazing man! Are you based In london?
Thanks. Based on the south coast 🤝
User: You were not listening . . . 🙄
@@joline2730John 3:16
The 1 million + isn't an accurate number. How much equity is actually in the portfolio?
£1m is asset value. Equity is at around 40% of that