If you have followed the journey back to the UK from Spain, you may have seen a glimpse of this house from the last video! Heres a more in depth walk around and we chat about Buy Refurb Refinance as we have had quite a lot of questions on it, we hope the numbers and explanation is understandable! (Buy Refurb Refinance talk starts at around 13:45) Make sure to follow us on Instagram - instagram.com/summernewman/ instagram.com/mattmellor/ !!😊😊🤘🏼
I would love if you cover the benefits of buying properties in a limited company and the pros/cons of it. I am wondering whether it is worthwhile with a full time job.
Love these vlogs! Maybe a video about personal finance tips, how you saved and goals you set yourselves to achieving what yous have today would be great!
Very nice property. Doesn't look bad, as long as the "bones" of the house look good, and there's no water damage. Looks like a typical "gut" job. It'll look great when you're done. Obviously hard to see all the warts in the property when buying because of "things" in the way. Rehab cost estimating is tricky, especially when unforeseen problems pop up after demoing the property. No worries. Process and numbers nicely explained. Excited to see the completed rehab.
Thanks for a very informative well structured vid. I'm glad your back on your travels look forward to seeing Dubai content maybe a Dubai house? Never seen a Dubai house..
It might look messy but if the house is structurally sound then smooth white walls and vinyl warm oak floors everywhere will quickly lift it dramatically. I wouldn't recommend carpet, it'll just have to be replaced and lower the impression after a couple of years. You could learn to do the walls and flooring and do the work yourselves if nothing else.
Really great insight. Just a quick question, what about the ERC on the first mortgage or do you typically go for additional borrowing / mortgages with low or zero ERC?
How do you do a quick sale avoiding solicitors taking a long time? My house took 11 months to complete, with no chain on either side. It was so slow. I used an online solicitor, the other side didn't but their solicitor was just as bad as mine.
Would love if you guys could make a video explaining how you find off market properties. Love the content BTW. I think you guys might be a little younger than me & my partner. Were just getting started in property & it's good to have somebody on our level to explain stuff
They should look into investing in commercial property rather than residential.... same if not better equity growth than residential and also way higher positive cash flow when renting out. Compared to residential where renting is often negative or neutrally geared.
No offence but I would not have gone abroad while I was investing in a house/property and waiting for it to be refurbished, you should always keep an eye on what's happening with the people you hire. To make sure they do the job properly and don't cut corners and make sure the work is up to scratch. Also in your last video VLog as you were walking into the property their looked to be a big crack in the wall above the ground floor window not sure if it was your property or someone else's but hoped you got it checked out.
It’s ok we’ve done it before and it’s been fine. These things happen though just a hurdle to learn from and we progress 😁 we love to travel and live around the world so no point putting that on hold just because it may be ‘easier’ to stay in the UK!
Sorry to hear about the current refurb problem that you both have. Question: I noticed that you have a lot of walls that have been channelled-out for electrical casing etc. I am buying an apartment where I will need to have this done on a long solid (dividing neighbouring hallway wall) for electrical lighting to be added - so my question is how how noisy is it, and long does it take to achieve, say on a channel of 10 metres length?
Do you pay a managing agent to manage your rental properties? Also, do you use a mortgage broker to deal with that side? Thanks for the info, really helping me with my property journey!
Good luck guys I hope 🙏 that 🙏 it all goes well and smoothly 👍 this time around, same times life can throw shades on our lives but trust in God he is control for everything. The garden is very big but slim
Hi Guys Sorry about what happened! I would secure the home a bit more, put up net curtains .. make it look liver in.. I’m worried about squatters getting in! One can’t be too careful... why did the contractor decide to act out on this job.. and not before .. did he want more money?? I think you might have to cut back on not telling us too much .. as people get jealous..... Up your security ... get a ‘ring’.. so you’re home when you’re not.. and include it in the the package when you sell in the home ..., Keep Safe and Blessed🙏🏽
Keep smiling you guys you are an incredible couple I just love your videos thank you for sharing all experiences it’s very helpful you are both very special
Hello folks in another video you mention about your e book and template letters and spreadsheets etc can this be purchased or do people have to win these. Love the vides only came across the property ones by watching your Dubai ones which are really useful.
Awesome vlog and a very nice property (After refurb 😂)❤️You both share a very strong chemistry 😊. You both are an idol couple for me ❤️ lots of love and best wishes 💝 for the channels future💯
Watching this video is sad because of what happened, but give us more appreciation about renovation, now a days people get to used to renovation tiktoks where everything happens in 15 seconds, and in reality is not all flowers and in the end you feel accomplished of what you've done instead of criticizing every detail that has left
Love the developments of your investment! Are you doing all of this through a ltd company? Would you recommend a specialized accountant for real estate investments and for creating the ltd? What do you use? Many thanks as always! Have a nice vacation
That business of buying and flipping is not for everyone. Glad you are calm about it. But here in the US contractors are a notorious bunch. An unregulated industry causing no accountability. Good luck with this one. Hope it works out.
I think if you started looking at prop firms such as FTMO youl eventually come to the conclusion purchases like this won’t be best use of your time . Obviously trading in futures/indices etc aren’t for everyone but they worth learning they really is nothing better out there .
Have you ever thought about investing your money into funds instead? Fairly easy to make 20%+ per annum & auto reinvest. Don’t even have to get off the sofa and watch the money roll in, ha! Good insight into property invest though, cheers.
Yeah we have money invested in that too and a few other things just happened to be property is what we started with so continued with it whilst learning about other investment strategies 🏘
The figures bit was interesting. I'm selling my mum's house and have done what u said below market as it needs work if your looking for a good deal hit me up 😃
Hope all's going well guys! If you're central / south London way and need some recommendations for contractors drop me a message. My Dad and a two of his friends have been doing this for years now and have a good group of trusted people they use. They'd also be a fun interview if the channel ever went that way (very diverse group with more than 50 properties between them with some being flipped regularly) :)
If you have followed the journey back to the UK from Spain, you may have seen a glimpse of this house from the last video! Heres a more in depth walk around and we chat about Buy Refurb Refinance as we have had quite a lot of questions on it, we hope the numbers and explanation is understandable! (Buy Refurb Refinance talk starts at around 13:45) Make sure to follow us on Instagram - instagram.com/summernewman/
instagram.com/mattmellor/ !!😊😊🤘🏼
onwards and upwards! Not sure how you keep optimistic in these situations...
I would love if you cover the benefits of buying properties in a limited company and the pros/cons of it. I am wondering whether it is worthwhile with a full time job.
Love these vlogs! Maybe a video about personal finance tips, how you saved and goals you set yourselves to achieving what yous have today would be great!
Yeah great idea thank you! We can make a video on this
The calculations on the screen were super helpful, great work, love the channels.
Thank you glad you though so! Lots of information to take in lol
I really enjoyed this vlog and seeing the workings of a refurb property. Would love to see more stuff like this 🙂
Thank you! Yes we can do more for sure 😁
Very nice property. Doesn't look bad, as long as the "bones" of the house look good, and there's no water damage. Looks like a typical "gut" job. It'll look great when you're done. Obviously hard to see all the warts in the property when buying because of "things" in the way. Rehab cost estimating is tricky, especially when unforeseen problems pop up after demoing the property. No worries. Process and numbers nicely explained. Excited to see the completed rehab.
really enjoyed this vlog! you do inspire to stay positive even if things don't go well, thank you for that!
It’s the most important thing! Learn and move on. Making mistakes is actually so important as a way to learn, shame that schools discourage it
Your best video yet imo, so much great advice and insight. One to watch again for me, for sure, thank you!
Thank you so much! Means a lot. More information videos coming soon 🏘
Great video, made a lot of sense you explained it well. Interesting to hear your thought process and possible pitfalls.
Thank you, glad you thought so 🙏🏼
Thanks for a very informative well structured vid. I'm glad your back on your travels look forward to seeing Dubai content maybe a Dubai house? Never seen a Dubai house..
Thank you! Lot's of Dubai real estate coming soon on the main channel and then life in Dubai vlogs on this channel ☺️
It might look messy but if the house is structurally sound then smooth white walls and vinyl warm oak floors everywhere will quickly lift it dramatically. I wouldn't recommend carpet, it'll just have to be replaced and lower the impression after a couple of years. You could learn to do the walls and flooring and do the work yourselves if nothing else.
Loved this vlog , hope all goes well for u guys , good luck. X
Thank you Linda! ☺️
Really great insight. Just a quick question, what about the ERC on the first mortgage or do you typically go for additional borrowing / mortgages with low or zero ERC?
How do you do a quick sale avoiding solicitors taking a long time? My house took 11 months to complete, with no chain on either side. It was so slow. I used an online solicitor, the other side didn't but their solicitor was just as bad as mine.
Would love if you guys could make a video explaining how you find off market properties. Love the content BTW. I think you guys might be a little younger than me & my partner. Were just getting started in property & it's good to have somebody on our level to explain stuff
Good luck, this is all a learning curve. Good potential in this house x🏘🏘🏡
They should look into investing in commercial property rather than residential.... same if not better equity growth than residential and also way higher positive cash flow when renting out.
Compared to residential where renting is often negative or neutrally geared.
so useful thank you very much for the clarification of your figures! I look forward to the full refurb
No offence but I would not have gone abroad while I was investing in a house/property and waiting for it to be refurbished, you should always keep an eye on what's happening with the people you hire. To make sure they do the job properly and don't cut corners and make sure the work is up to scratch. Also in your last video VLog as you were walking into the property their looked to be a big crack in the wall above the ground floor window not sure if it was your property or someone else's but hoped you got it checked out.
It’s ok we’ve done it before and it’s been fine. These things happen though just a hurdle to learn from and we progress 😁 we love to travel and live around the world so no point putting that on hold just because it may be ‘easier’ to stay in the UK!
Sorry to hear about the current refurb problem that you both have. Question: I noticed that you have a lot of walls that have been channelled-out for electrical casing etc. I am buying an apartment where I will need to have this done on a long solid (dividing neighbouring hallway wall) for electrical lighting to be added - so my question is how how noisy is it, and long does it take to achieve, say on a channel of 10 metres length?
I hope everything goes well for your guys in future🙏🏻❤
Thank you so much 🙏🏼
Do you pay a managing agent to manage your rental properties? Also, do you use a mortgage broker to deal with that side? Thanks for the info, really helping me with my property journey!
Yes for both questions! No worries glad to hear it ☺️
Good luck guys I hope 🙏 that 🙏 it all goes well and smoothly 👍 this time around, same times life can throw shades on our lives but trust in God he is control for everything. The garden is very big but slim
Hi Guys
Sorry about what happened!
I would secure the home a bit more, put up net curtains .. make it look liver in.. I’m worried about squatters getting in!
One can’t be too careful... why did the contractor decide to act out on this job.. and not before .. did he want more money??
I think you might have to cut back on not telling us too much .. as people get jealous.....
Up your security ... get a ‘ring’.. so you’re home when you’re not.. and include it in the the package when you sell in the home ...,
Keep Safe and Blessed🙏🏽
garden; tidy it up, take the rubbish / rubble away, so it's easier to see what your / new owners options are
No body is hungry for work at the moment. We've come across the same. I think since lockdown tradies are inundated with work at the moment
Keep smiling you guys you are an incredible couple I just love your videos thank you for sharing all experiences it’s very helpful you are both very special
Thank you so much John means a lot 😊
Hi Guys, does you guide discuss how you are able to get deals over the line so quickly? Do you not have delays due to mortgage providers etc
Hello folks in another video you mention about your e book and template letters and spreadsheets etc can this be purchased or do people have to win these. Love the vides only came across the property ones by watching your Dubai ones which are really useful.
How do you find off market properties?
Awesome vlog and a very nice property (After refurb 😂)❤️You both share a very strong chemistry 😊. You both are an idol couple for me ❤️ lots of love and best wishes 💝 for the channels future💯
Ah thank you so nice ☺️
Watching this video is sad because of what happened, but give us more appreciation about renovation, now a days people get to used to renovation tiktoks where everything happens in 15 seconds, and in reality is not all flowers and in the end you feel accomplished of what you've done instead of criticizing every detail that has left
Why pull ceilings down to put pipes in? Just lift the boards above. You've had cowboys in there.
Cutting corners
Agreed! They thought they should do new ceilings, their mistake and we agreed a price to compensate for the errors
@@patricktate4782 Taking some boards up is easier than pulling ceilings down
@@niptodstan Maybe the builder couldn’t be bothered to walk up the flight of stairs
Which city is that property in?London??????
Stay faithful you will get there at the end
Love the developments of your investment! Are you doing all of this through a ltd company? Would you recommend a specialized accountant for real estate investments and for creating the ltd? What do you use? Many thanks as always! Have a nice vacation
Where is Matts coat from x
ASOS 👍🏼
That business of buying and flipping is not for everyone. Glad you are calm about it. But here in the US contractors are a notorious bunch. An unregulated industry causing no accountability. Good luck with this one. Hope it works out.
Agreed and thank you!
I think if you started looking at prop firms such as FTMO youl eventually come to the conclusion purchases like this won’t be best use of your time . Obviously trading in futures/indices etc aren’t for everyone but they worth learning they really is nothing better out there .
Have you ever thought about investing your money into funds instead? Fairly easy to make 20%+ per annum & auto reinvest. Don’t even have to get off the sofa and watch the money roll in, ha!
Good insight into property invest though, cheers.
Yeah we have money invested in that too and a few other things just happened to be property is what we started with so continued with it whilst learning about other investment strategies 🏘
Dont make that other room an ensuite, the room would be tiny
Which room do you mean, the one with green wallpaper?
@@mattandsummer around 8'50"
Have fewer (bigger) bedrooms (not + 2 ensuite) and a nicer (bigger) bathroom
agreed, a house that small doesn't need 3 bathrooms (esp as you have a downstairs cloakroom). Save some money!
Hello dear , have seen your Vlogs from Dubai, l stay in London, maybe you. Can help intending to buy another house, east London
The figures bit was interesting. I'm selling my mum's house and have done what u said below market as it needs work if your looking for a good deal hit me up 😃
Hey! yes can you email us at info@mattandsummer.com with some more information it may be something we’re looking for :)
Decent couple 😊
Hello to my favourite people,🙂
From horrible South Africa🤣🤣
Hello! 😁 looking forward to visiting South Africa one day! 🇿🇦
Hope all's going well guys! If you're central / south London way and need some recommendations for contractors drop me a message. My Dad and a two of his friends have been doing this for years now and have a good group of trusted people they use. They'd also be a fun interview if the channel ever went that way (very diverse group with more than 50 properties between them with some being flipped regularly) :)
I am interested drop me a message for recommendation :)
U r both 🙏please come india🇮🇳 love ❤you
❤❤ Cool
007
What is this
❤️❤️
❤️
Matt needs a bigger coat!
what a sweet young couple
Thank you 😊