Great videos my brother. I went from medical doctor to full time developer in London, and Alhamdullilah it worked well for me. Your videos helped me drastically in my journey. Blessings onto you 🙏🏼
Hi mate, absolutely fantastic work. Top class! Quick q please, when you change a let say 1 bed flat of 50m2 to 2 beds, do you not need to follow the London Floor Space Requirements? If you do, then such a deal would not work right?
It would be great if you could show some of the behind the scenes of how you turn a 1 bed flat into a 2 bed. Stuff like how do you get permission, do you need building regs, how do you officially show it as a 2 bed flat? Change deeds? Etc. Is it as straight forward as it sounds or you could buy a 1 bed flat, not be allowed to do that change and be stuck with a 1 bed flat.
Hi Ahmed, great content and no BS. Great to see your success and giving back. I have two BTLs and due to complete on a third. I have sold my residential property and should have around £100k to invest. How would you invest £100k if you were in my position and to make the best return I don't mind risks for high rewards.
When you refinance and the mortgage based on 75% LTV of the new value. Was your mortgage (refinance)on a BTL factored in before buying and refurbing the property so you didn’t lose money on renting it out. Especially with the 6% rates at the moment? Thanks for sharing the information.
A lot of properties I'm seeing have the kitchen next to to the lounge (not open plan), would it be advised to change the kitchen into a bedroom meaning the person would need to walk through the lounge to access the single bedroom as there are no halls separating them? It's for a flat.
Hi, Great video brother. Quick question. You mention at the end of the video that this project took 16 months to complete. Does that mean you were making mortgage repayments that whole time?
Thanks for the video! how did you get such a low cost for the bridging loan ? £8,806 bridging cost on a 178K property??? Does that £8,806 include the arrangement fee and interest on the loan ?
very good explanation, this is high leverage investment, just need to leave enough margin of safety for cushion, when the valuation depreciation or the interest rate hiking 😆😆😆
Great video Ahmed, just one thing I don’t understand (probably just being stupid). When you refinance it, your mortgage payment obviously goes up because the mortgage is higher right? So wouldn’t this mean your cash flow is actually lower now? - in that case, is it still worth refinancing?
Great video! Had a quick question, why did you have to refinance the property on the new mortgage, could you not have kept the old, lower mortgage (less monthly payments) so you essentially take home more since the rent will still be ~ £1700?
Hi Ahmed, quick question. How long did it take to payback your bridging loan? I cant see it included in your initial cashflow costs. Did you take it as a seperate transaction?
@@ThatAhmedKhan thank you so much for your answer I'm currently working at Bulgaria. I have searched it on Google instead of the store and it appears so that's that. I just discovered your channel today and can't wait to watch literally every video I love that you go so much into the numbers and details. That's much better than a classic super broad advice.
Making money is an art, you can only make money if you practice and master the art..... by the way I enjoyed watching your videos. a fellow creator----
LNPG hasn’t paid me, nor am I getting any affiliate commission. It’s the best way to save money on kitchens so why would I not share that with my audience?
Great videos my brother. I went from medical doctor to full time developer in London, and Alhamdullilah it worked well for me. Your videos helped me drastically in my journey. Blessings onto you 🙏🏼
That's sounds great! I am glad I was able to help!
This is suuch a high value youtube channel. Best uk property channel you and jamie york
Appreciate that! Thank you! 🙏
Jamie York hahaha
@@piersfisher4606 ?
Agreed
Jamie York? 😂 your having a laugh
How did you raise the initial finance as a uni student?
Your videos are crazy valuable, credits to you keep it up Ahmed. 🤝
Hi mate, absolutely fantastic work. Top class! Quick q please, when you change a let say 1 bed flat of 50m2 to 2 beds, do you not need to follow the London Floor Space Requirements? If you do, then such a deal would not work right?
Wow! Very useful thank-you! Thanks for the term free holder consent - that is exactly what I need as my plan is also to add value on my first rental.
It would be great if you could show some of the behind the scenes of how you turn a 1 bed flat into a 2 bed.
Stuff like how do you get permission, do you need building regs, how do you officially show it as a 2 bed flat? Change deeds? Etc.
Is it as straight forward as it sounds or you could buy a 1 bed flat, not be allowed to do that change and be stuck with a 1 bed flat.
Hi Ahmed, great content and no BS. Great to see your success and giving back. I have two BTLs and due to complete on a third. I have sold my residential property and should have around £100k to invest. How would you invest £100k if you were in my position and to make the best return I don't mind risks for high rewards.
Hey Ahmed, did you get BTL Bank mortgage before the refurb and then BTL refinance after refurb? fixed or variable?
You mentioned refurb financing. I’m assuming you don’t take out cash for the full refurbishment. What refurb financing do you use?
When you refinance and the mortgage based on 75% LTV of the new value. Was your mortgage (refinance)on a BTL factored in before buying and refurbing the property so you didn’t lose money on renting it out. Especially with the 6% rates at the moment? Thanks for sharing the information.
A lot of properties I'm seeing have the kitchen next to to the lounge (not open plan), would it be advised to change the kitchen into a bedroom meaning the person would need to walk through the lounge to access the single bedroom as there are no halls separating them? It's for a flat.
Hi, Great video brother. Quick question. You mention at the end of the video that this project took 16 months to complete. Does that mean you were making mortgage repayments that whole time?
This is an excellent video, so many gems! Thank you massively!
Glad it was helpful!
Thanks for the video!
how did you get such a low cost for the bridging loan ?
£8,806 bridging cost on a 178K property???
Does that £8,806 include the arrangement fee and interest on the loan ?
Very informative and such a nice presentation. I have a request: Could you please do a video on free order consent?
Ahmed quick question
Do you need planning permission to turn a 1 bedroom into two I can’t find much on this online. If the property is freehold.
Great content 👍 planning to invest in exactly the same way . Quick question
How do you get freeholder consent and can it be refused?
Ahmed, did you buy this under a limited company? Also is it interest-only mortgage?
very good explanation, this is high leverage investment, just need to leave enough margin of safety for cushion,
when the valuation depreciation or the interest rate hiking 😆😆😆
Great video Ahmed, just one thing I don’t understand (probably just being stupid).
When you refinance it, your mortgage payment obviously goes up because the mortgage is higher right? So wouldn’t this mean your cash flow is actually lower now? - in that case, is it still worth refinancing?
Well, that’s why you search in advance how much rent to expect and what the monthly payments you your new estimated mortgage will be.
Great video! Had a quick question, why did you have to refinance the property on the new mortgage, could you not have kept the old, lower mortgage (less monthly payments) so you essentially take home more since the rent will still be ~ £1700?
but then your capital is tied up in the property and you can't buy more properties
Hi Ahmed, quick question. How long did it take to payback your bridging loan? I cant see it included in your initial cashflow costs. Did you take it as a seperate transaction?
within 12 months - it should be under finance cost
Bro would you recommend buying a mixed property where its commercial on the ground floor and residential flat on top?
I'm doing that now - video coming soon :)
@@ThatAhmedKhan Can you talk about the mortgage process in terms of needing collateral for commercial mortgages
Do you need proof to get lnpg
Hey Ahmed, we’re you working a full time job to prove income when asking for a bridging loan ?
no I had another business where I was doing airbnb and that paid me a salary
@@ThatAhmedKhanif you don’t have a business on the side but just working a full time job, is it possible to bridge loan?
yes 100%
you f**king legend Ahmed, great content!
Appreciate this, bro! :)
khan please we need that budget excel spreadsheet broooo. Have you got a link?
you can find it here: bit.ly/notion-msg
How does the current restricted lending criteria affect your strategy?
you just have to find properties which yield better
I'm listening.
Property log doesn't appear for me in the chrome store. Anyone knows why?
That's strange - just checked on my end and it's available in the chrome store. Where are you located, btw?
@@ThatAhmedKhan thank you so much for your answer I'm currently working at Bulgaria. I have searched it on Google instead of the store and it appears so that's that. I just discovered your channel today and can't wait to watch literally every video I love that you go so much into the numbers and details. That's much better than a classic super broad advice.
Great video
Thank you! :)
Making money is an art, you can only make money if you practice and master the art..... by the way I enjoyed watching your videos. a fellow creator----
Thank you! Cheers!
So,,, effectively you were marketting for LNPG .... Pls Ahmed, be genuine with your TH-cam audience.
LNPG hasn’t paid me, nor am I getting any affiliate commission. It’s the best way to save money on kitchens so why would I not share that with my audience?
Is there anyway of doing all of this without interest, @ThatAhmedKhan?
You'd have to buy cash