thank you for saying that agents over value properties, because they really do ! this is why its so important to do research of the previous sold prices of that street or the area. Liked this video guys, you really offered some good advise , without any (fluff ) nice one ! X
You prolly dont care but does anybody know of a tool to log back into an instagram account? I somehow lost my password. I would appreciate any tips you can give me.
@Giovanni Ryder Thanks for your reply. I found the site thru google and Im trying it out atm. Takes quite some time so I will get back to you later with my results.
I love all your videos, especially this video when two of you guys talked about the property and give very useful advice. Thanks a lot and stay safe and be blessed 🥰😘
It would have been helpful if you had explained the costs a bit more. Do you have ideas on what you wanted to do with that specific property, what it would cost etc and what sort of profit you could make on it?
Good feedback, we will include this all next time! Thank you 🙏🏼 For this property it would be refurbishment then refinance at around £180 - £185k and then rent out
Based on council tax bands. There are three things they will take into consideration: Value of property How much local council charges for that band Weather you can get a discount. E.g if your a single person you get a discount. You don’t have to pay back any arrears from a previous owner
@@TheLuxuryHomeShow Interesting haha. If you don't have to pay back any arrears from a previous owner, then what happens to the council taxes that were never paid? Does the government just forfeit the revenue? Can you also acquire discounted properties from tax liens in the UK?
watching your videos keeps me inspired and motivated to get my first property next year 😊 quite a big goal but I hope I can learn a lot from your videos 🙏 thank you Matt and Summer!
Smart cookies! There might be some bargains out there and less competition but please do be extra careful out there. You may have noticed that the virus has spread considerably here in the UK since you've been away. Congratulations on 50,000 subscribers! This is an amazing achievement in one year.
Fantastic video guys! Quite suprised it hasn't received any offers as of yet as it has been on the market for 2 weeks. Normally in my investment areas offers have been made in the first 2 days lol! Also did you guys not go uni and became estate agents right away? Any advice on how to get a job in a estate agency?
Thank you :) We didn't go to Uni. Depends how long you plan on working as an estate agent. If it's just short term to save up some money and become mortgageable it may be best to just go for an employed role. So just a case of going into the estate agencies in your area and asking them for a job. If you plan to do it longer term go self employed as the earnings (If you work hard lol) will be much higher. There aren't as many self employed roles so would depend where you live. As the self employed company aren't needing to pay out money to you before you bring money in yourself, they are more likely to hire you. Most self employed estate agencies are always recruiting. It's their main focus.
@@TheLuxuryHomeShow wow guys thank you so much for your detailed response, it has really helped me out! I'm just thinking if I want to become a property investor and have been studying for over a year, university would be no point as it just delays my entry in the property world. Ideally I would become a estate agent so save up money and become mortgageable and stay their until I can really on property to pay for my expenses. Also as a self employed estate agent, I assume you have to bring in the clients your self from social media or just having connections. Would you also get more commission because of this?
Congrats on 50k! Love all your videos and the knowledge you share! I’ve got a quick question on investing in stocks etc. Can you open an account and trade on trading 212 if you already have a S&S ISA on open on another platform?
Matt, how's it going dude? I saw an older vlog of yours where you stated that you choose to refinance after you renovate and refurbish. I was wondering, what sort of down payments are you making? Also, what sort of opportunities does refinancing really produce when searching for the next project. I'd like to obtain 45-50 properties over the next 5 years and you've peaked my interest. Best Regards, B
Hey Bradley, 25% down payment for buy to let/investment properties but we started off with 10% down on a ‘residential’ mortgage and then re finance to a buy to let mortgage where you need a minimum of 25% equity. The main reason for re financing is it allows you to pull some or all (more often some) of your deposit back out after you have increased the value. You can then go on to buy another property using that deposit. Allowing you to scale and build a portfolio faster. The key is buying the property below market value and then creating a forced uplift in value by way of refurb, extension etc. Good luck on your investment journey I’d be interested to hear your progress 👍🏼
@@TheLuxuryHomeShow I'm in Houston, Texas so the majority of the rental properties that I will be purchasing are going to be new builds that are in the suburbs going for about $180-200K, but now I will keep my eyes peeled for some renovation projects. In the city, my plan was to by homes in a prime location and knock them back and build multi-million dollar home for a sum profit. However, I think that there are some opportunities to do what you described above, and I'll incorporate that strategy into my lexicon.
Have I got it right ? The property was up for £160 ,000 and your thinking of making an offer of 35 % less . So that £56,000 off and hoping to make an offer of £104 ,000 ? WoW 🙊
Haha my percentages were a little over! we could probably go to £120,000 max on it but we would offer lower to start with. Most won’t be accepted but it’s just a numbers game and this particular one was priced way too high for the work that needed doing!
@@TheLuxuryHomeShow for got to say congratulations on reaching 50 K . I will look with great interest if you buy the house and get a really good deal .. 👍👍👍👍
HEY HEYYYYY! Hi legends! Only just subscribed, oops! You guys thinking of doing a video for Entrepreneurs that might struggle with remortgaging to purchase another property? :D
Thank you for doing this series it is going to be so insightful for us!
You’re welcome glad you’re enjoying it :)
thank you for saying that agents over value properties, because they really do ! this is why its so important to do research of the previous sold prices of that street or the area. Liked this video guys, you really offered some good advise , without any (fluff ) nice one ! X
You prolly dont care but does anybody know of a tool to log back into an instagram account?
I somehow lost my password. I would appreciate any tips you can give me.
@Cason Waylon Instablaster :)
@Giovanni Ryder Thanks for your reply. I found the site thru google and Im trying it out atm.
Takes quite some time so I will get back to you later with my results.
@Giovanni Ryder it did the trick and I finally got access to my account again. I'm so happy!
Thanks so much, you really help me out :D
@Cason Waylon glad I could help =)
Congrats on 52.6k subscribers . Happy New Year, Matt & Summer. You two are a smart British couple.
Thank you! Happy New Year to you too
Really enjoying your videos! Glad I found your channel. 😊
I love all your videos, especially this video when two of you guys talked about the property and give very useful advice. Thanks a lot and stay safe and be blessed 🥰😘
It would have been helpful if you had explained the costs a bit more. Do you have ideas on what you wanted to do with that specific property, what it would cost etc and what sort of profit you could make on it?
Good feedback, we will include this all next time! Thank you 🙏🏼 For this property it would be refurbishment then refinance at around £180 - £185k and then rent out
How are council taxes calculated on such a property? Do you have to pay back taxes to acquire the property if the previous owner has not paid?
Based on council tax bands. There are three things they will take into consideration:
Value of property
How much local council charges for that band
Weather you can get a discount. E.g if your a single person you get a discount.
You don’t have to pay back any arrears from a previous owner
@@TheLuxuryHomeShow Interesting haha. If you don't have to pay back any arrears from a previous owner, then what happens to the council taxes that were never paid? Does the government just forfeit the revenue?
Can you also acquire discounted properties from tax liens in the UK?
Very insightful. Thanks guys 👍🏽
Glad you enjoyed it :)
How r u getting lending and how r the sociliters not taking long
Just realised you hit 50k subs well done! its my birthday!
Thank you and happy birthday!!
4 weeks later and they have 89.5k
@@thianpankhania1641 3 days later they have 91.5k
How do you check the market value of a property?
watching your videos keeps me inspired and motivated to get my first property next year 😊 quite a big goal but I hope I can learn a lot from your videos 🙏 thank you Matt and Summer!
That’s amazing to hear 🙏🏼 Great goal and I’m sure you’ll get there. Let us know if we can help 👍🏼
Whats the budget for investment property first time?
Do you buy in London or out of London mainly?
Smart cookies! There might be some bargains out there and less competition but please do be extra careful out there.
You may have noticed that the virus has spread considerably here in the UK since you've been away.
Congratulations on 50,000 subscribers! This is an amazing achievement in one year.
some great advice thanks for the video
Would be nice to see the property after u have done them up.
You guys are great! My parents have got 13 properties and I wanna continue to grow that and aspire to be like you guys.
So you’re going to live off your parents money more like
@@Sonnypullen no there gonna give them to me and I will manage them. I’m guessing your a Labour voter.
Mr Jones lmao are you 12
Thanks a lot, looking forward to next episodes! 💪🏼
Fantastic video guys! Quite suprised it hasn't received any offers as of yet as it has been on the market for 2 weeks. Normally in my investment areas offers have been made in the first 2 days lol!
Also did you guys not go uni and became estate agents right away? Any advice on how to get a job in a estate agency?
Thank you :) We didn't go to Uni. Depends how long you plan on working as an estate agent. If it's just short term to save up some money and become mortgageable it may be best to just go for an employed role. So just a case of going into the estate agencies in your area and asking them for a job. If you plan to do it longer term go self employed as the earnings (If you work hard lol) will be much higher. There aren't as many self employed roles so would depend where you live. As the self employed company aren't needing to pay out money to you before you bring money in yourself, they are more likely to hire you. Most self employed estate agencies are always recruiting. It's their main focus.
@@TheLuxuryHomeShow wow guys thank you so much for your detailed response, it has really helped me out! I'm just thinking if I want to become a property investor and have been studying for over a year, university would be no point as it just delays my entry in the property world. Ideally I would become a estate agent so save up money and become mortgageable and stay their until I can really on property to pay for my expenses. Also as a self employed estate agent, I assume you have to bring in the clients your self from social media or just having connections. Would you also get more commission because of this?
Congrats on 50k! Love all your videos and the knowledge you share!
I’ve got a quick question on investing in stocks etc. Can you open an account and trade on trading 212 if you already have a S&S ISA on open on another platform?
Thanks you! 🙏🏼 I believe you can open accounts with multiple providers but you can only pay into one S&S ISA each year
Hi matt. Sounds like you are making waves in the investment world or is it all SPEND SPEND SPEND. Sounds ideal.
Mostly investment and business little spend on much else lol :)
Matt, how's it going dude? I saw an older vlog of yours where you stated that you choose to refinance after you renovate and refurbish. I was wondering, what sort of down payments are you making? Also, what sort of opportunities does refinancing really produce when searching for the next project. I'd like to obtain 45-50 properties over the next 5 years and you've peaked my interest. Best Regards, B
Hey Bradley, 25% down payment for buy to let/investment properties but we started off with 10% down on a ‘residential’ mortgage and then re finance to a buy to let mortgage where you need a minimum of 25% equity. The main reason for re financing is it allows you to pull some or all (more often some) of your deposit back out after you have increased the value. You can then go on to buy another property using that deposit. Allowing you to scale and build a portfolio faster. The key is buying the property below market value and then creating a forced uplift in value by way of refurb, extension etc. Good luck on your investment journey I’d be interested to hear your progress 👍🏼
@@TheLuxuryHomeShow I'm in Houston, Texas so the majority of the rental properties that I will be purchasing are going to be new builds that are in the suburbs going for about $180-200K, but now I will keep my eyes peeled for some renovation projects. In the city, my plan was to by homes in a prime location and knock them back and build multi-million dollar home for a sum profit. However, I think that there are some opportunities to do what you described above, and I'll incorporate that strategy into my lexicon.
@@TheLuxuryHomeShow Did you use a Lisa to buy your first residential property?
We didn’t no as we brought before they were introduced in 2017
Hi Matt and summer Happy New Year do you find investment properties for clients
Which city are you guys in?
Northamptonshire
@@TheLuxuryHomeShow the roads looked like roads in Birmingham... hehe
Have I got it right ?
The property was up for £160 ,000 and your thinking of making an offer of 35 % less .
So that £56,000 off and hoping to make an offer of £104 ,000 ?
WoW 🙊
Haha my percentages were a little over! we could probably go to £120,000 max on it but we would offer lower to start with. Most won’t be accepted but it’s just a numbers game and this particular one was priced way too high for the work that needed doing!
@@TheLuxuryHomeShow for got to say congratulations on reaching 50 K .
I will look with great interest if you buy the house and get a really good deal ..
👍👍👍👍
HEY HEYYYYY! Hi legends! Only just subscribed, oops! You guys thinking of doing a video for Entrepreneurs that might struggle with remortgaging to purchase another property? :D
asbestos ???
Matt's height is very high. How tall are you? 😂😂
Haha 6,3 👍🏼
👍👏👏🙏