@@jordanhughes3137 seems silly that they would rather have a carpet or wooden flooring lifted rather than leave it as is so someone could move in sooner.
If you’re only pulling out £138k and paying off the refurb costs and financials and investors etc, and left with £5k not £50k, where does the money for the next deal come from?
Kind of lost respect for you in this vid as you showing a complete lack of understanding of basics. Flipping and brrr 2 completely different strategies, and secondly you’re talking about it as if you’re getting all money out brrr on every deal, which as you know is not possible. If you’ve already got tons of cash, btls are great. If you need to build the cash pot, flips are the way to go
@ that’s just factually incorrect. How many all money out deals have you done? And how many people Dyou know who have consistently done all money out deals?
@@hassanamir387 I have done 2 all money out deals in London by remodelling 1 bed flats with separate kitchens into 2 bed flats with open plan kitchens. By doing this I turned every £1 I spent into £5 added value.
It is a preference if you want to hold and potentially get more profits in the future or if you want quick profits. And if you have put a lot of work in you might aswell hold it for a while
I agree. Of course you’d get more money if you kept the house for 7 years: it’s not rocket science but people get into property flipping to earn a living. You cannot do this with jacks new method
all these speculative assumptions what if kinda stuff doesn't work in real life. You can only operate with the past and current prices and forget about 3- and 5-year future trajectories as potentially lost profits!
Hey man - great work .. would really appreciate if you could answer me this … I assume people would usually use a bridging loan to purchase the property in the first place .. are the other types of loans or other types of mortgages you can use instead as i have mixed feelings about bridging finance . Thanks jack
A lot of 'if's' like if the value kept going up by 9% a year which isn't particularly realistic. In the same vein, we could've said 'if' you kept flipping houses for £50k profit every 6 months you would've made £300k in those 3 years, which is substantially more profit, but admittedly more work
But you made 50k, reinvesting. Over the years you’d make more. No empty houses from rental. No landlord issues, no rent, damages, boilers etc. Quick flip is always a good plan
Nar av just made £38 k after a 12 week renovation. I am 4 weeks in to my 2nd flip profit 30-50k no extension just a knock through full renovation. 12-14 weeks to finish is the goal.
What's new in this video? People been doing this since decades... Get proper property education first before trying to be a Property Guru which you are not...
Love the videos .. 1 question - what type of mortgage/loan did you get initially to buy the property for £95000 ? You may of paid cash but for this sake let’s pretend you didn’t - what type of mortgage would you usually go for to do these type of flips ? Thanks :)
@@henrycole1874 hey Henry, correct. I used cash but for the sake of your question, I would buy it using a bridging loan. This gives me speed on the purchase and in some cases, have part or all of the development costs funded through a bridging loan
@@jackdavidsmith appreciate you answering .. would it always mostly be bridging finance or could there be other types of loans/mortgages you could use ? Really appreciate it :)
One of the most briIIiant investing advice i have ever gotten on youtube came from watching an interview with *Julianne Iwersen Niemann* on CNBC. Indeed, A solid investment strategy is like a well-planted tree it can withstand storms and still grow strong..
So you just learnt what most of us seasoned professionals already know yet you advertise your services as an investment playbook and some sort of a mentor???? 🤔 hum! also numbers are totally fake. Never seeing that much growth Yr after yr and you havnt accounted for tax/ maintenance/ refurbs ect.... might as well have just said 1 million and have done with it
The thing is I assume he would be able to flip 3-4 properties per year with at least £100k profit so the old method would still work without taking on additional mortgages or betting on the house value rising by 60% or so. I guess a proper risk assessment should have been done as this is over simplified as even inflation and interest rates are also a factor.
Yeah mate but when doing this method you are not calculating very important factor , that is risk , when a recession hits and it will you are first bleeding.
Get Our Free Property Investment Playbook: bit.ly/3BSwCHP
New strategy buy ex council propertys cheap sell them back to your local council for market value.
If your council is still buying them, ours down in an area of South Wales aren’t buying any more 😂
@jordanhughes3137 my local council perchased the flat above for market value my neighbours have to lift all floor coverings up.
@@damme91 surprised to hear councils are still doing anything somewhat useful 😂 but not great for lifting floor coverings 💀
@@jordanhughes3137 seems silly that they would rather have a carpet or wooden flooring lifted rather than leave it as is so someone could move in sooner.
If you’re only pulling out £138k and paying off the refurb costs and financials and investors etc, and left with £5k not £50k, where does the money for the next deal come from?
That’s true lol. You’d have no money
Firstly , the first property you mentioned what were your selling fees?
Sorry, but how is this different from what they’ve been doing on Homes Under The Hammer?
Hi mate,
Did you use a bridging loan to buy the property initially?
What about london property? How much do you start investing
Kind of lost respect for you in this vid as you showing a complete lack of understanding of basics. Flipping and brrr 2 completely different strategies, and secondly you’re talking about it as if you’re getting all money out brrr on every deal, which as you know is not possible. If you’ve already got tons of cash, btls are great. If you need to build the cash pot, flips are the way to go
Kind of agree with you here, however you can pull your money out of most deals if you budget properly and don’t get undervalued
@ that’s just factually incorrect. How many all money out deals have you done? And how many people Dyou know who have consistently done all money out deals?
@@hassanamir387 I have done 2 all money out deals in London by remodelling 1 bed flats with separate kitchens into 2 bed flats with open plan kitchens. By doing this I turned every £1 I spent into £5 added value.
It is a preference if you want to hold and potentially get more profits in the future or if you want quick profits. And if you have put a lot of work in you might aswell hold it for a while
I agree. Of course you’d get more money if you kept the house for 7 years: it’s not rocket science but people get into property flipping to earn a living. You cannot do this with jacks new method
Hello Jack, this is my first time watching. And this is the strategy I have been having in mind. I have just signed up to your playbook.
I haven't sold one yet. A slow process for beginers. But worth it the end.
@@jackb2491 congrats! Keep going and it’ll start to compound 🚀
all these speculative assumptions what if kinda stuff doesn't work in real life. You can only operate with the past and current prices and forget about 3- and 5-year future trajectories as potentially lost profits!
Hey man - great work .. would really appreciate if you could answer me this … I assume people would usually use a bridging loan to purchase the property in the first place .. are the other types of loans or other types of mortgages you can use instead as i have mixed feelings about bridging finance . Thanks jack
@@Hcole890 hey James, thanks. I would use bridging. If you want to know your options better, you’re best off speaking with a finance broker directly
A lot of 'if's' like if the value kept going up by 9% a year which isn't particularly realistic. In the same vein, we could've said 'if' you kept flipping houses for £50k profit every 6 months you would've made £300k in those 3 years, which is substantially more profit, but admittedly more work
But you made 50k, reinvesting. Over the years you’d make more. No empty houses from rental. No landlord issues, no rent, damages, boilers etc. Quick flip is always a good plan
And I’m struggling to see how he got the next one lined up from £5k in his pocket vs the £50k.
Nar av just made £38 k after a 12 week renovation. I am 4 weeks in to my 2nd flip profit 30-50k no extension just a knock through full renovation. 12-14 weeks to finish is the goal.
Hilarious 😂 how much is your course bro? Does it teach how to find easy flips that doubles the price value after all fees 😂😂😂
What's new in this video? People been doing this since decades... Get proper property education first before trying to be a Property Guru which you are not...
Give the young lad some encouragement. He’s off to an excellent start in wealth creation & management. He should be applauded so far!
Love the videos .. 1 question - what type of mortgage/loan did you get initially to buy the property for £95000 ? You may of paid cash but for this sake let’s pretend you didn’t - what type of mortgage would you usually go for to do these type of flips ? Thanks :)
@@henrycole1874 hey Henry, correct. I used cash but for the sake of your question, I would buy it using a bridging loan. This gives me speed on the purchase and in some cases, have part or all of the development costs funded through a bridging loan
@@jackdavidsmith appreciate you answering .. would it always mostly be bridging finance or could there be other types of loans/mortgages you could use ? Really appreciate it :)
@@henrycole1874 yes pretty much always bridging unless you’ve got private investors who can fund it for a return or equity stake
150 quid to paint a house? You can't barely buy 4 buckets of good paint for that...
You don't need expensive paint. Trade white £25 for 10lrt.
The video is waffle and clickbate
Can you elaborate?
@@DatSupraKidjust is
One of the most briIIiant investing advice i have ever gotten on youtube came from watching an interview with *Julianne Iwersen Niemann* on CNBC. Indeed, A solid investment strategy is like a well-planted tree it can withstand storms and still grow strong..
So you just learnt what most of us seasoned professionals already know yet you advertise your services as an investment playbook and some sort of a mentor???? 🤔 hum! also numbers are totally fake. Never seeing that much growth Yr after yr and you havnt accounted for tax/ maintenance/ refurbs ect.... might as well have just said 1 million and have done with it
The thing is I assume he would be able to flip 3-4 properties per year with at least £100k profit so the old method would still work without taking on additional mortgages or betting on the house value rising by 60% or so. I guess a proper risk assessment should have been done as this is over simplified as even inflation and interest rates are also a factor.
@ags911 You would need some serious capitol to flip 4 properties a year when you factor in length of time to purchase and sell on.
Stamp duty on 95k?
Yes, you pay stamp at that price when bought through a Ltd company
Yeah mate but when doing this method you are not calculating very important factor , that is risk , when a recession hits and it will you are first bleeding.