How I Built a £20,000,000 Property Portfolio | Lee and Jo Gough
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- เผยแพร่เมื่อ 5 ต.ค. 2021
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I got to sit down with Lee and Jo Gough who have built a huge property empire! They have even been able to get their 16 year old son to buy a property through working with a joint venture partner. They have soo much experience and wisdom and it was interesting to hear how they are still keeping up with the new ways of investing even though they have been investing for over 30 years!
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Definitely one of the best videos I’ve watched from Samuel. This couple have something about them that’s really inspiring. I can’t quite put my finger on it but I love how they started from humble begins and are doing so great. Also, the values they are handing down to their children, simply priceless. “Rather than just give a hungry man fish, teach him how to fish”.
Many thanks for your kind words. 🙏
As well as giving good property advice etc he is becoming a great interviewer and because he is interviewing people usually about property his interest but also interviewing celebs on his own TH-cam channel etc the TH-cam ad dollars will give him even more money to buy more property etc
Win Win etc
Great idea for the future of our kids an family's great advice good job Samuel 100 percent
Very inspiring🏆
Great work
Loved this!! 🙌🏼
Great content as always Sam!
Great content and very inspiring 👍👍🔥🔥🔥
Very inspiring and insightful. Super content Samuel. Great job 👍
Are you a bot
Great content guys so interesting and inspiring ❤
Inspiring content ❤
A great interview Samuel.
Amazing👏
Very interesting. I just dive in to your conversation and this 51mins went like blink of an eye. Thanks to you Three 🙏
Same here where did that time go, I got engrossed in this chat and all three such an inspiration. Well done on your success
What a veteren 👌🏽👌🏽
Great video Samuel! 🙏🏻
Wow wow wow wow 👌👌👌
Thanks for your time 🙏and wealthy information.
Great video, well done on both side 👍
I’ve watched this episode twice now.. fantastic interview! What an inspiring couple and it is so true to surround yourself with positive people
I live near about 20 minutes from Torquay and I can assure you it isn’t a seaside paradise, it’s riddled with crime and has a very poor reputation.. stabbings, robbery’s etc many locals to area stay well away from Torquay
Crime is everywhere! As long as theres people theres opportunity for everything good and bad
Clearly from newton abbot and jealous
I wish to be like this someday
Don’t wish pal, jus do it
So who was the rent paid to under the lease option agreement? Where did the £800 go? If the seller was so motivated to sell it why would he then rent it? I'm confused
Hi Dean, just to answer your questions. The £800 went to the owner of the property, this covers any mortgage they may have and normally a bit extra. The reason he did lease option was he could not rent as there was no kitchen and was in a poor state of repair and lived 1 hour away and did not have the energy or interest in renovating it. This was a win win for both parties. I hope that helps.
@@leegough68 thank you for responding. I plan on purchasing my first buy to let in the coming months. Thank for taking the time to talk about how you've managed to navigate all this.
awsome couple
Wow this 16 year old is incredible! But couple questions, so I assume the JV partner paid cash for the property £36K. If the investor is getting a 5% annum return. So that's like £150 a month. And of the rent is £450 does the 16 year old just get to keep that £350 difference before management fees e.t.c
I dont understand why the investor would not just pay him a fat sourcing fee and get to keep 100% of the rent as I do believe this was a more profitable approach in the long term for him
Many thanks for taking the time to comment. Very good question. The purchase price was £36,000 plus costs, no stamp duty as below £40,000. The investor gets £162.97 per month return @ 5%. In answer to your question, ‘why would the investor not want to buy it’ is simply because they have zero interest in being a landlord and are a at a different stage in their life and just want a fixed rate of return. The surplus funds after the investor is paid and also insurance management etc are being retained in his company for maintenance, voids etc. I hope this helps.
@@leegough68 ahhh fantastic thank you so much for your answer, really does make sense now. Honestly congrats on both you and your partner and for that BRRR residential and commercial project, sounds really exciting! And hope your son does succeed as well! Hope you have a productive week!
@@husnainshah443 Thank you so much much for your kind comments. I wish you well on your property journey.
Doesn't make sense to me when your parents own 150 properties that you have to go on a crash course to learn about property investing
I know lots of wealthy parents that have sent their adult children to my courses because they know their value. Would Elton John not send his children to piano lessons?
@@SamuelLeeds your analogy doesn't stack up. I very much doubt Elton John if he had children would send his children for piano lessons because naturally they would learn this skill from the parents.
If my father was a bricklayer and wanted to pursue this career I would be learning off him instead of going on a course.
I'm not doubting the content of your course, this is just my observation.
By the way I'm a seasoned property investor with a decent portfolio of properties
@@warriorspirit6083 Many thanks for taking the time to comment. He attended along with both his mother and myself, yes we still attend training even after 30 years in business. We believe that it is important to be around like minded people, at every opportunity, not to mention the networking benefits. Our son is very lucky that he is able to learn from us at home, however Samuels story of buying a house aged 17 is what inspired our son to want to buy a house before his 17th birthday! Last years crash course had a fundamental impact on our sons business launch, we are super proud of him for that and grateful for Samuels inspiring content and training sessions. As a parent trying to teach your child it can seem very mundane and boring at times, but hearing from a third party with so much energy and enthusiasm becomes infectious. I hope this helps.
Watch the video and they explain why.
The fact that they take this much time to respond should be proof of if it’s too good to be true. and people still believe paying thousands of dollars for these courses will make them successful is insanity and the fact these gurus are allowed on the internet baffles me I cannot wait until this guy and that fake rich couple go to prison
I thought that was Jasper Carrott
Thanks, I told the wife I had more of a face for radio than TH-cam. Lol
Amazing.How are they going to deal with councils ,because they are introducing selective licensing everywhere.The bill will be exorbitant for greedy councils.
Many thanks for the comment. Over the last 30 years of me renting properties I believe there has been over 160 pieces of legislation introduced for the residential landlord. You cannot worry about what might happen. You have to learn, change and then adapt. Don’t let this hold you back. I hope this helps.
Excellent response Lee I totally agree
@@leegough68 :Thanks very much for your kind reply,I am based in North London we are dealing with a lot of headaches from various London councils as they have been introducing selective licensing everywhere without writing to us and expect us to know by magic.Wish you good luck with your property ventures ,we need more people like you ,who are perfect role model for society .
The weird thing is schools used to teach some of the more baaic things with business atleast when my wife and i were going to school as kids and teens but that in the 80s and 90s haha. They won't teach any of the financial things we know because then they would have way more people rich rather than poor and the government hates when people realize they don't have to be poor at any age or any race or sex! Any of us can do it, it's just a matter of whether or not you want to succeed or stay sad.
Your a good man Samuel
This looks staged....I could be wrong.
Just confirm it was not staged, I had no idea what Samuel was going to ask.
@@leegough68 Big respect
Strange Lee Gough isn't wearing a wedding ring but Mrs Gough is.
Strange comment 🤔
A piece of jewelry doesn't make a commitment any more important.
Feel free to check us out Lucy 😁 we have been married for 11 years and together for 21 💕
My dad never wore a wedding ring either and told me about seeing a Spitfire Airplane pilot jump out of a burning plane after it landed and his ring caught on the cockpit ledge and he lost a finger. :(