This is by far the best detailed content to watch about properties. Thank you. My question is that you mentioned Your second 10 years are going to be for paying depth and reducing your loan to value. Can you explain a bit more on how to pay these off by the time you get to end of 20 years interest only? I guess, you re-mortgage or sell at increased value of the property? What's the plan? Thanks
Also since you are investing in properties nearly 5hrs drive away from your home, is it better to get a property manager near by to deal with all issues or is it best to do it yourself? what would be your advice? Thank you
Thanks! Glad you enjoyed it. There are many ways in which I will reduce my debt and pay off my properties in the future, this includes; making overpayments on my interest only mortgages, switching some of my interest only mortgages to repayment mortgages in the future, remortgaging and utilising the equity gain from property values increasing, and lastly selling off properties and using the proceeds to pay off the debt on properties I keep :)
Re investing far away from home, I have found it best to get a managing agent to look after the house. It certainly isn't without it faults, and many agents charge a lot for the service they provide, but it helps me from being in the day to day of arranging managing agents and chasing rent etc.
Good video, feel there should have been a mention of letting agents though, that's a key consideration. However, whenever I run the numbers this whole game just seems like massive risk for little return. By the time I've gone through all the deposit, fees, expenses, taxes, insurance, agents, costs (tradesmen, certs, etc), the £1k or whatever I bring in on rent ends up miniscule and easily devastated if I need to use that money on the property. Seems you need to go straight in with 3+ properties so that they prop each other up, of course then increasing risk and debt (even if it's "Good" debt it's still debt all the same).
Many thanks. Very informative. Do you run a consultancy where you help people to get started or referral. There are loads of people and you are confused who to go to.
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.
Thank you for the great video! My question is what systems do you use to verify that the quality of the property is decent? How do I know what to look for when viewing a house?
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!
Great overview of buy-to-let basics for beginners! The BRR strategy you mentioned can be incredibly effective for building a property portfolio. That said, if you're open to exploring opportunities beyond the UK, investing in Turkish real estate could provide even higher returns. Turkey offers a dynamic market with strong rental yields and potential for significant capital appreciation, especially in cities like Istanbul. The entry costs can be much lower compared to the UK, and the ongoing urban regeneration projects mean there are plenty of discounted properties that can be refurbished and rented out or resold for a profit. Plus, the possibility of acquiring Turkish citizenship by investment is an added bonus for long-term investors. If you're interested in learning more about how Turkish investments can fit into your portfolio, feel free to reach out. Let’s discuss how you can diversify and maximise your returns in this vibrant market!
It all depends on what type of property you invest in or what you do with the property. I can get you between 20-30% return on investment. It doesn’t work all over the country but it certainly works up the North West, i moved here for this reason from Southeast and it’s the best decision I’ve made when it comes to Property. I have a building company and i’m specialised in property investment by experience through other investors which I’ve copied their knowledge for my own investments and it’s amazing! I wish i had a bit more money to invest but i’ll get there pretty soon.
Great video, but no-one seems to answer this - what happens if you buy a "fixer upper" (as the Americans call it) with cash, meaning you have 100% invested BEFORE you re-finance it? How do you work out your figures then? When I try to run the numbers for the ROI, it comes off at a loss. I then try to run the numbers with projected rent (including deductions for voids, my insurances, maintenance etc) and a mortgage payment, but that's not great either...BUT I think I was trying to calculate the mortgage as a re-payment mortgage over a short term: I take it I should re-finance with an interest only, over a longer term (but how do I get my cash back out)? Argh, I'm finding this difficult!
Personally I like to split the money into deposits and pair with finance, as that is a quicker way to grow and means you can leverage your money further. However it comes down to how you feel about risk, and how likely you are to do 3 projects at once vs 1 at a time. Buying cash / outright is a quicker way of doing the process, and means you can save money on bridging finance and fees.
I’m looking to start building my own portfolio now, plan on getting 5+ apartments. One thing that makes me nervous is if there’s a time for example in a recession that you can’t rent them out. Then you’re stuck having to pay all the mortgages. What’s your thoughts / advice on this? I live in Spain and we can’t get BTL Mortages, only residential Mortages.
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.
hi justin, i live in manchester and working full time job, honestly i dont like my job however i am doing it for the sake of money. I want to learn this method of earning money through positive cash flow. I started studying the tax and dept rules in uk. i just came across your video and i find it very helpful to me. can you advice me about buy to rent properties and how can i learn and do it
Even though this video is called Buy To Let Basics it's still quite complicated. I think the best way is to just get involved and learn on the job rather than trying to understand EVERYTHING before you begin
What parts were too complicated? Il happily make a new version to help. I believe a balance of taking action and learning before you start is important. Learning on the job can lead to mistakes if you don’t get a basic learning first.
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 !
Hi Justin , What an amazing video and clarity in explanation! . Many thanks for sharing your views. Do you know anyone managed to get startup loans for Ltd property company aiming to create buy to let porfolio?
In current climate you will find it hard to get an interest only mortgage on a property that requires refurbishment. Lenders are getting so fickle. Hence the scenario of buying refurbishing refinancing is becoming increasingly difficult. If you can get a interest only mortgage and put in 10k to refurbis then maybe maybe it will increase the value by 10k but your adding nothing in essence. As it will only be valued at £10k more than you paid and that's a maybe. Unless the property is in a rentable condition they simply won't lend
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 💪
What about buying a property outright with saved cash if you want to avoid a Mortgage, will that have better returns on the income and worthwhile? Is there any major cons to think about?
Fantastic explanation. Quick question I have a property in my name, it have £100k equity in it can I remortgage and with the money I take out, can I lend it to my LTD company to buy property?
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?
Yes, buying through a limited company can help avoid the higher stamp duty surcharge, but keep in mind the ongoing costs of running a company. If you're looking for attractive alternatives with potentially lower entry costs, have you considered investing in Turkish real estate? Turkey offers no stamp duty for foreign investors in certain cases, and the rental yields can be quite high in popular areas like Istanbul and the Mediterranean coast. Plus, the market is booming with strong capital appreciation potential. It's definitely worth exploring. Feel free to reach out if you need more information on opportunities in Turkey!
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!!!
Can do, but simple answer is make and save as much money as possible, review every single expense you have and cut back on as many as possible. The more you can out earn your expenses, the quicker you’ll save. Alternatively create a cashflow business 🤝
It all depends on what type of property you invest in or what you do with the property. I can get you between 20-30% return on investment. It doesn’t work all over the country but it certainly works up the North West, i moved here for this reason from Southeast and it’s the best decision I’ve made when it comes to Property. I have a building company and i’m specialised in property investment by experience through other investors which I’ve copied their knowledge for my own investments and it’s amazing! I wish i had a bit more money to invest but i’ll get there pretty soon.
Now I understand why people despise landlords, they generate 0 value what-so-ever unless they're actively refurbishing a property. Giant leeches to society, great way to siphon money from the bottom to the top.
@@JustinWilkins My wording was harsh and I apologize for that, shouldn't have said this when you're clearly trying to assist others, certainly stemmed from jealousy. My bad
Hey Mate, can we connect with you regarding video editing services. We have been providing video editing services for the last 6 years. Please let us know
Lol a million is nothing. How much debt do you hace on you million? 2? 😂 you do have some good comments though. Skipped over a lot of the costs that dont make things viable though.
I share this in many of my videos. Normally in region of 60-70% LTV of debt. I don’t hide it! Hopefully you made note of the useful parts from the video
@@JustinWilkins I did yes. I refurb places and rent them out. Buying a place than needs work is very costly. I have a full time job and fund my renovations with the money from that. The team I have are good but it all costs so so much. 200k will net 1k a month. Subtract any interest and you have to pay 15k for windows and a new boiler and you are 2 years into the refurbishment already before getting that money back minimum. I fund my properties entirely and don't gove the banks interest *(paid for outright). Wasting money giving it away.
@@JustinWilkins also sorry my comment sounded rude, I didn't mean it to be offensive. 1m doesn't buy many good places nowadays that's what I was thinking about. Did you hear labour don't want you to be able to kick a Tennant out for unpaid rent? How long would you last without rental income to pay the mortgage?
To be a buy to let investor, you first of all need to have deposit in place, be able to pay mortgage if house or apartment have no tenant in, then you can buy a property at right location to get better rental income. Don’t take this video seriously, get legal and financial advice first otherwise you will find yourself in big money trouble.
Absolutely, getting the right financial and legal advice is crucial before diving into buy-to-let investments. With rising costs, property maintenance, and potential vacancies, it’s essential to be prepared for all scenarios. That's why exploring different markets can be beneficial. For instance, Turkey’s real estate market offers some unique advantages with high ROI, lower entry costs, and strong government support for foreign investors. This can provide a more stable and profitable investment compared to traditional buy-to-let properties in the UK. If you're considering diversifying your investment portfolio and want to explore high-potential opportunities, looking into Turkey's property market might be just the right move. Feel free to reach out if you’d like more detailed information on how to get started!
Lol and it’s exact reason why there’s an opportunity. Don’t be a sheep and follow everyone else - understand how investing works, and choose which assets you want in your portfolio.
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
This is by far the best detailed content to watch about properties. Thank you. My question is that you mentioned Your second 10 years are going to be for paying depth and reducing your loan to value. Can you explain a bit more on how to pay these off by the time you get to end of 20 years interest only? I guess, you re-mortgage or sell at increased value of the property? What's the plan? Thanks
Also since you are investing in properties nearly 5hrs drive away from your home, is it better to get a property manager near by to deal with all issues or is it best to do it yourself? what would be your advice? Thank you
Thanks! Glad you enjoyed it. There are many ways in which I will reduce my debt and pay off my properties in the future, this includes; making overpayments on my interest only mortgages, switching some of my interest only mortgages to repayment mortgages in the future, remortgaging and utilising the equity gain from property values increasing, and lastly selling off properties and using the proceeds to pay off the debt on properties I keep :)
Re investing far away from home, I have found it best to get a managing agent to look after the house. It certainly isn't without it faults, and many agents charge a lot for the service they provide, but it helps me from being in the day to day of arranging managing agents and chasing rent etc.
This is very detailed. thank you so much. I will be watching more of your videos until I am fully ready.
Glad to hear! Thanks for watching 🙌
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
Good video, feel there should have been a mention of letting agents though, that's a key consideration.
However, whenever I run the numbers this whole game just seems like massive risk for little return.
By the time I've gone through all the deposit, fees, expenses, taxes, insurance, agents, costs (tradesmen, certs, etc), the £1k or whatever I bring in on rent ends up miniscule and easily devastated if I need to use that money on the property.
Seems you need to go straight in with 3+ properties so that they prop each other up, of course then increasing risk and debt (even if it's "Good" debt it's still debt all the same).
Best property portfolio video i´ve ever seen, thanks
Awesome feedback, thanks!
Many thanks. Very informative. Do you run a consultancy where you help people to get started or referral. There are loads of people and you are confused who to go to.
I currently have 3 houses paid for cash & 2 on a buy to let mortgage. But will buy cash on my next property now that I have great monthly income
👏👏
You just gained a follower, Thanks for the detailed information justin
Thanks, great to hear! 💪
Awesome! Have 2 mortgages with some equity on them. would love to put this in to practice. Cheers bro
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.
Hi, have you made a start yet? How's it going?
Great video, do you have another video with regards to the analysis that goes more in depth?
Thank you for the great video! My question is what systems do you use to verify that the quality of the property is decent? How do I know what to look for when viewing a house?
Just comes with experience every property is different.
@@chrismakara-howe9792There must be a system to it though. @JustinWilkins?
Do you do any holiday lets? And have you ever done any rent to rent?
Do we need to own a house before buying a buy-to-let property?
Also, what is your opinion on new build vs old builds please?
Extremely useful. Thanks!
Glad to hear it, thanks!
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!
Great overview of buy-to-let basics for beginners! The BRR strategy you mentioned can be incredibly effective for building a property portfolio. That said, if you're open to exploring opportunities beyond the UK, investing in Turkish real estate could provide even higher returns. Turkey offers a dynamic market with strong rental yields and potential for significant capital appreciation, especially in cities like Istanbul.
The entry costs can be much lower compared to the UK, and the ongoing urban regeneration projects mean there are plenty of discounted properties that can be refurbished and rented out or resold for a profit. Plus, the possibility of acquiring Turkish citizenship by investment is an added bonus for long-term investors.
If you're interested in learning more about how Turkish investments can fit into your portfolio, feel free to reach out. Let’s discuss how you can diversify and maximise your returns in this vibrant market!
Great video thank you Justin! Did you read/study Rich Dad Poor Dad by any chance?
Thanks 🎉
It all depends on what type of property you invest in or what you do with the property. I can get you between 20-30% return on investment. It doesn’t work all over the country but it certainly works up the North West, i moved here for this reason from Southeast and it’s the best decision I’ve made when it comes to Property. I have a building company and i’m specialised in property investment by experience through other investors which I’ve copied their knowledge for my own investments and it’s amazing! I wish i had a bit more money to invest but i’ll get there pretty soon.
Great video, but no-one seems to answer this - what happens if you buy a "fixer upper" (as the Americans call it) with cash, meaning you have 100% invested BEFORE you re-finance it? How do you work out your figures then? When I try to run the numbers for the ROI, it comes off at a loss. I then try to run the numbers with projected rent (including deductions for voids, my insurances, maintenance etc) and a mortgage payment, but that's not great either...BUT I think I was trying to calculate the mortgage as a re-payment mortgage over a short term: I take it I should re-finance with an interest only, over a longer term (but how do I get my cash back out)? Argh, I'm finding this difficult!
Hi Justin, are we better buying our first house outright to refurb and rent out, or splitting the money into 3 deposits?
Personally I like to split the money into deposits and pair with finance, as that is a quicker way to grow and means you can leverage your money further. However it comes down to how you feel about risk, and how likely you are to do 3 projects at once vs 1 at a time.
Buying cash / outright is a quicker way of doing the process, and means you can save money on bridging finance and fees.
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 💪
I’m looking to start building my own portfolio now, plan on getting 5+ apartments. One thing that makes me nervous is if there’s a time for example in a recession that you can’t rent them out. Then you’re stuck having to pay all the mortgages. What’s your thoughts / advice on this? I live in Spain and we can’t get BTL Mortages, only residential Mortages.
Basic but well explained and useful! 👏
Exactly the goal, thanks
Please how to consult you
if you were to buy the house outright is it worth renting it out
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.
Great presentation. How easy can it be for foreigners to buy UK properties?
Best way to raise the deposit and funds?
Get a job
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 🔥🔥
hi justin, i live in manchester and working full time job, honestly i dont like my job however i am doing it for the sake of money. I want to learn this method of earning money through positive cash flow. I started studying the tax and dept rules in uk. i just came across your video and i find it very helpful to me. can you advice me about buy to rent properties and how can i learn and do it
Even though this video is called Buy To Let Basics it's still quite complicated. I think the best way is to just get involved and learn on the job rather than trying to understand EVERYTHING before you begin
What parts were too complicated? Il happily make a new version to help.
I believe a balance of taking action and learning before you start is important. Learning on the job can lead to mistakes if you don’t get a basic learning first.
So frustrating trying to get into the UK property market, you really need a lot of money to start with.
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 !
I’m ready 😊
🙌🙌
Hi Justin , What an amazing video and clarity in explanation! . Many thanks for sharing your views. Do you know anyone managed to get startup loans for Ltd property company aiming to create buy to let porfolio?
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!
Can you please do a video on how to invest 100k correctly and how to find properties
Will add to my list 🫡
In current climate you will find it hard to get an interest only mortgage on a property that requires refurbishment. Lenders are getting so fickle. Hence the scenario of buying refurbishing refinancing is becoming increasingly difficult. If you can get a interest only mortgage and put in 10k to refurbis then maybe maybe it will increase the value by 10k but your adding nothing in essence. As it will only be valued at £10k more than you paid and that's a maybe. Unless the property is in a rentable condition they simply won't lend
Correct, that’s what bridging finance is for 👍
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 😊
Amazing man! Are you based In london?
Thanks. Based on the south coast 🤝
User: You were not listening . . . 🙄
@@joline2730John 3:16
What about buying a property outright with saved cash if you want to avoid a Mortgage, will that have better returns on the income and worthwhile? Is there any major cons to think about?
I would like to know as well
Fantastic explanation. Quick question I have a property in my name, it have £100k equity in it can I remortgage and with the money I take out, can I lend it to my LTD company to buy property?
Yes
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?
Yes, buying through a limited company can help avoid the higher stamp duty surcharge, but keep in mind the ongoing costs of running a company. If you're looking for attractive alternatives with potentially lower entry costs, have you considered investing in Turkish real estate? Turkey offers no stamp duty for foreign investors in certain cases, and the rental yields can be quite high in popular areas like Istanbul and the Mediterranean coast. Plus, the market is booming with strong capital appreciation potential. It's definitely worth exploring. Feel free to reach out if you need more information on opportunities in Turkey!
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!!!
Labour gov have killed BTL dream.. esp with CGT coming.. this will probably effect BRRR and Flips now..
True, but with change comes opportunity
@@JustinWilkins fair so what's the opportunity?
Hey Justin! are you looking for a video editor? let me know, I can help.
Can you please make a video on how to save up deposit as first time buyer for personal use ?
Can do, but simple answer is make and save as much money as possible, review every single expense you have and cut back on as many as possible. The more you can out earn your expenses, the quicker you’ll save.
Alternatively create a cashflow business 🤝
Fees and taxes have killed this. I have the money and skills to all this, why would I bother when the gov tax me 40%. Im good.
19% 👍
It all depends on what type of property you invest in or what you do with the property. I can get you between 20-30% return on investment. It doesn’t work all over the country but it certainly works up the North West, i moved here for this reason from Southeast and it’s the best decision I’ve made when it comes to Property. I have a building company and i’m specialised in property investment by experience through other investors which I’ve copied their knowledge for my own investments and it’s amazing! I wish i had a bit more money to invest but i’ll get there pretty soon.
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
Buy to let basics:
Step 1 - Be a sociopath
Step 2 - get rich whilst others let their mindset keep them poor.
If you want to make money this way do it. As someone renting this is hard to take. Landlords profit from my hard earned money ☹️
Now I understand why people despise landlords, they generate 0 value what-so-ever unless they're actively refurbishing a property. Giant leeches to society, great way to siphon money from the bottom to the top.
In what world is a house to live in 0 value lol. Someone has to pay for losers like you to sit around leaving these kind of comments all day 🙃
@@JustinWilkins My wording was harsh and I apologize for that, shouldn't have said this when you're clearly trying to assist others, certainly stemmed from jealousy. My bad
Hey Mate, can we connect with you regarding video editing services. We have been providing video editing services for the last 6 years.
Please let us know
Sure please drop me a Dm on insta
ピタットハウスに申込金を横領されて困ってます。
Lol a million is nothing. How much debt do you hace on you million? 2? 😂 you do have some good comments though. Skipped over a lot of the costs that dont make things viable though.
I share this in many of my videos. Normally in region of 60-70% LTV of debt. I don’t hide it!
Hopefully you made note of the useful parts from the video
@@JustinWilkins I did yes. I refurb places and rent them out. Buying a place than needs work is very costly. I have a full time job and fund my renovations with the money from that. The team I have are good but it all costs so so much. 200k will net 1k a month. Subtract any interest and you have to pay 15k for windows and a new boiler and you are 2 years into the refurbishment already before getting that money back minimum. I fund my properties entirely and don't gove the banks interest *(paid for outright). Wasting money giving it away.
@@JustinWilkins also sorry my comment sounded rude, I didn't mean it to be offensive. 1m doesn't buy many good places nowadays that's what I was thinking about. Did you hear labour don't want you to be able to kick a Tennant out for unpaid rent? How long would you last without rental income to pay the mortgage?
To be a buy to let investor, you first of all need to have deposit in place, be able to pay mortgage if house or apartment have no tenant in, then you can buy a property at right location to get better rental income. Don’t take this video seriously, get legal and financial advice first otherwise you will find yourself in big money trouble.
Correct. Those are some key elements to being a buy-to-let investor
Please elaborate on your strategy
Absolutely, getting the right financial and legal advice is crucial before diving into buy-to-let investments. With rising costs, property maintenance, and potential vacancies, it’s essential to be prepared for all scenarios. That's why exploring different markets can be beneficial. For instance, Turkey’s real estate market offers some unique advantages with high ROI, lower entry costs, and strong government support for foreign investors. This can provide a more stable and profitable investment compared to traditional buy-to-let properties in the UK. If you're considering diversifying your investment portfolio and want to explore high-potential opportunities, looking into Turkey's property market might be just the right move. Feel free to reach out if you’d like more detailed information on how to get started!
WHO is buying uk property as an investment. 😂. Invest in what!!!! Resi property market is over vs other opportunities.
Lol and it’s exact reason why there’s an opportunity. Don’t be a sheep and follow everyone else - understand how investing works, and choose which assets you want in your portfolio.