My £120,000+ First Property Mistake (Don’t Do This)

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[@imvijaysinghh]

No wonder they say, 'Your first deal is always your worst', lol.

[@Wonderful_World007]

Same, here, bought 1st under our name and now thinking what to do?:)

[@123sumom]

Wow amazing video thanks

[@imvijaysinghh]

Thanks for watching 🙂

[@DSSaw26]

Interesting video! if buying through a LTD company though, won't you also suffer from worse (higher) lending rates which could offset the difference in PAYE tax versus corporation tax? Also whilst there is a 19% difference in tax when comparing PAYE and corporation tax, shouldn't there also be consideration around dividends tax as well to factor in with the higher repayment rate?

[@imvijaysinghh]

If you're looking to build a portfolio over the long term, purchasing under a limited company usually works out better, especially because you can deduct mortgage interest.

[@DSSaw26]

@@imvijaysinghh a fair point there, that would significantly reduce the tax paid on profit!

[@adeelqureshi]

Good video bro but im surprised how did you get subsidence claim paid under nhbc. This guarantee covers construction defects and structural issues relating to construction but not things like subsidence unless you would have proved construction defect as a concurrent or independent cause. Will be happy receive your comments as the scenario needs some explanation and would certainly help.

[@imvijaysinghh]

I’m not 100% sure about the exact details, but they monitored the property for a full year before they decided to pay up.

[@katielevene4566]

Are most of your tenants AST Contracts?

[@imvijaysinghh]

Yes, except for my SA properties.

[@Burning_desire22]

Damn that subsidence sign outside didnt look like it would raise sny alarm bells to look into it, would it always become more obvious on the inside?

[@imvijaysinghh]

To be honest, they look obvious to me now but obviously thats through experience lol. You have to really pay attention to any cracks outside because sometimes they may not follow through internally.

[@Burning_desire22]

@@imvijaysinghh make sense I will watch some youtube videos and try to gain level up my knowledge. Thanks for the content

[@imvijaysinghh]

@@Burning_desire22 Thanks for watching 🙏