Thanks Justin for finding interesting people - I have always made sure the front door can open easily - good point he made there, and likewise the water - should have done a pre-completion check where you check the water, boiler, windows etc. You have a right to know everything you are paying for does what it says on the can and that is your chance to re-negotiate on price when all is not well. Interesting vid. Thanks.
Thanks for watching as always Jo! And great to hear that you always check those points ... after watching this video, I know I will be doing pre-completion checks too :)
Amazing work Stephen! I would imagine self management from that far away isn't easy, but at least you have contacts from when you previously lived there. I have opted for full management for the time being.
Hi Sunil, great to hear it! Its hard to give you specific streets to avoid, and probably best to discuss with you by email / phone call if you wanted? :) my website is justinwilkins.co.uk or feel free to message on instagram!
Am all for investing in your area. am lucky as I live in Garston (Liverpool) and I have two BTL in Garston. Very similar story to Ben and ambitions too. good luck.
Hi, thanks for watching. Its tricky to say whether it would down value a property, although I am not sure its something that a surveyor would like to see. If possible I would suggest trying to remove the water and pay the associated costs, although I am aware that some properties naturally have a build up of water underneath.
Hi Kenroy! Yes I usually put together a list of questions / script, but sometimes things go off in a different direction. Any feedback for future videos, then let me know :) Thanks for watching as always!
@@JustinWilkins Ok . Great, I was wondering if it's best sto script or just adlib while using a few bullet points. It's time consuming to write a script but it makes the filming go q lot smoother I guess. Just wanted to know what your preferred of the two.
In many ways landlords are despised, but it's a shame because the large majority of them are trying to create better housing for renters, and create them selves a better financial future. I appreciate not all landlords are caring enough towards their tenants, and hopefully this misconception will change!
Hi justin. Thanks for your videos, currently on my second property (one residential one single rental) I have struggled to find a reliable accountant. Who do you use? Do you use the chap on your previous videos? Thanks
Good work lads. I’m now on my 4th property (4th offer just accepted anyway). One is my own home and 3 BTL properties (Single let’s). All in different locations (Suffolk and Middlesbrough) and recent one I viewed and offer accepted was viewed online 😳. Recent video of it on my channel which explains lol. Sorry that wasn’t a plug Justin just easier to explain. Great watch as always Justin.
Hi Justin. You mentioned '' Bridge to Let then followed by a buy to let eventually '' My house needs quite a lot of work, probably about £10,000 to make it nice, and it would really increase the value. In the hope I can pull out that extra equity and get a Buy to Let. I was going to just get a personal loan to do all this How would a bridging loan be better, or are there other options available other than a personal loan
Hey Michael. Would love to connect with you and perhaps share notes if you're open to it? I am in investor and have just bought my first BTL in Liverpool and would love to build up my network
Interesting views on this and I have always been intrigued by investing ‘up north’ I have 5 btl properties in East Sussex so I wonder if you fancy having a chat about that over zoom/teams and then you can maybe give me some input on buying in Liverpool? I am new TH-camr so would help my channel a bit & make for good viewing on yours. Let me know if of interest 👍🏻
I actually disagree with almost everything in this video. Spending £22k on a refurb to add £25k of value is awful. The rental income is great considering the properties are less than £100k but if you’d found better properties where you could add more value than you have, you’d find the ROI is considerably better
Thanks for the feedback James, and we appreciate you watching! I understand the angle that you are coming from... but I think in Ben's circumstances, this is still a great result. He is a busy Head Teacher working full time, and a family man with 2 kids. He's refinanced his home to create 2 x further BTLs and generate income. Whilst the money could have perhaps been recycled further with different deals / circumstances, not everyone physically has the time or knowledge to do create high ROI deals. Thanks again for watching, lots more content coming in the upcoming weeks :)
Shame to hear that Imran - I thought Ben's reasons behind self management, investing whilst working full time, and Ben's lessons/mistakes learnt on his BRR were all good topics. But all feedback is honestly appreciated. I will make sure to structure the videos more in future. Any topics you want to see covered? Thanks, Justin
@@JustinWilkins The hot topic going around right now is the Leasehold scandal whereby leaseholders are facing hefty big bills over £35,000 in the name of removing cladding or something like that. Maybe could raise some awareness on that and the risk of buying leaseholds properties. Overall you could do a video that talks about pros n cons in freehold property vs Leasehold and include the cladding scandals going around.
Some great suggestions there thank you! And definitely noted. Especially that second one - freehold vs leasehold. Would be good to bring some more attention on that for new buyers and investors!! Thanks
@@JustinWilkins I am never investing on a leasehold ever again in my life bro. I got a sudden bill of £8700 few months ago saying major works being carried out to the building. £8700 is pretty much my 1 Yr profit after expenses for that flat in London. Leasehold is a no go zone for me from now on. Plus they charge sudden bills with service charges. Now you got cladding bills which the building freeholder is putting the cost onto the leaseholds. Freehold is the safest option imo going forward right now especially after cladding problems which is incurring over £35,000 sudden bill on the leaseholders.
Refinancing at 75% to make a deal look good is great in the short term. But people fail to realize the end vision is to have no debt. No one wants debt on a property when interest rates will be 5%, 7% etc The real smart investors work hard to pay off the deb rather than chill and buy a couple properties and not think about the repercussions
Hey I'm looking to buy a property 2-3bed in Liverpool good area to live and rent out lodges with residential mortgage my budget is up to 125k. I am happy to pay ur finders fees Thanks
Wow...one of the best talk and tell conversations ive ever listened to,
Really enjoying your channel justin .
Many thankyous
Awesome to hear cheers Stuart
Thanks Justin for finding interesting people - I have always made sure the front door can open easily - good point he made there, and likewise the water - should have done a pre-completion check where you check the water, boiler, windows etc. You have a right to know everything you are paying for does what it says on the can and that is your chance to re-negotiate on price when all is not well. Interesting vid. Thanks.
Thanks for watching as always Jo! And great to hear that you always check those points ... after watching this video, I know I will be doing pre-completion checks too :)
Another great video mate. He uses the same builder as me
Thanks mate! Haha small world! Lots of good feedback about the Northern Renovations man :)
Re first message : OR pre-exchange if there is a time lapse between exchange and completion.
Yes definitely another great suggestion!
great video in order to rent out 3 rooms in liverpool do you need to have a HMO ?
Fantastic video!
Thanks Pepe, glad you enjoyed it and glad you have been able to network in the comments :P
Great stuff Justin! Super smart guy and great journey.
Thanks Paul! Yes Ben is great and has really smart views on investing.
I self-manage a buy-to-let from 500 miles away! Wouldn’t recommend it, but it works since it’s an area I used to live in and have plenty contacts.
Amazing work Stephen! I would imagine self management from that far away isn't easy, but at least you have contacts from when you previously lived there. I have opted for full management for the time being.
Great video! Can you share the contact for Northern Renovation?
Hi Steve, yes of course. His instagram is @northern_renovation_ - please let me know you found him through my channel :)
Great vids mate!
Thanks for watching!
Looking for my first start up single let property in Liverpool, what areas/street should I avoid. Thanks
Hi Sunil, great to hear it! Its hard to give you specific streets to avoid, and probably best to discuss with you by email / phone call if you wanted? :) my website is justinwilkins.co.uk or feel free to message on instagram!
Am all for investing in your area. am lucky as I live in Garston (Liverpool) and I have two BTL in Garston. Very similar story to Ben and ambitions too. good luck.
@Babbycatt do you still live local? is your BTL in liverpool?
Great to hear Michael and good work on getting 2 BTLs! Thanks for watching
Great video guys 🏚🏠👍🏻
Thanks very much for watching!
Did you buy in own name or ltd company ? Thanks Paul
I purchase my buy-to-lets in a limited company 🙂
hi justin, could a rainwater build up in cellar cost much? or down value a property value? insight will be greatly appreciated. thanks.
Hi, thanks for watching. Its tricky to say whether it would down value a property, although I am not sure its something that a surveyor would like to see. If possible I would suggest trying to remove the water and pay the associated costs, although I am aware that some properties naturally have a build up of water underneath.
@@JustinWilkins many thanks for your reply, much appreciated Justin 🙏🙏
Informative and useful thanks
Glad it was helpful!
Hey Justin. Do you script your videos before filming?
Great video as usual
Hi Kenroy! Yes I usually put together a list of questions / script, but sometimes things go off in a different direction. Any feedback for future videos, then let me know :) Thanks for watching as always!
@@JustinWilkins Ok . Great, I was wondering if it's best sto script or just adlib while using a few bullet points. It's time consuming to write a script but it makes the filming go q lot smoother I guess. Just wanted to know what your preferred of the two.
3 bedroom £90k in Halewood? Did I hear it correctly?
Yes 😃👍🏻
There’s a lot of political risk in Buy-To-Let. Landlords are despised
In many ways landlords are despised, but it's a shame because the large majority of them are trying to create better housing for renters, and create them selves a better financial future. I appreciate not all landlords are caring enough towards their tenants, and hopefully this misconception will change!
The NRLA information was very useful thanks
Hi justin. Thanks for your videos, currently on my second property (one residential one single rental) I have struggled to find a reliable accountant. Who do you use? Do you use the chap on your previous videos? Thanks
Amazing work, and thanks for watching my videos. Yes I use Peter Jarman at PJCO, he is the gentlemen I did the interview with - I highly recommend :)
Good work lads. I’m now on my 4th property (4th offer just accepted anyway). One is my own home and 3 BTL properties (Single let’s). All in different locations (Suffolk and Middlesbrough) and recent one I viewed and offer accepted was viewed online 😳. Recent video of it on my channel which explains lol. Sorry that wasn’t a plug Justin just easier to explain. Great watch as always Justin.
Amazing work so far in building up your BTLs Glen! Congratulations again on having another offer accepted :) Appreciate you watching this interview!
@@JustinWilkins Thanks Justin 👍🏻
Hi Justin.
You mentioned '' Bridge to Let then followed by a buy to let eventually ''
My house needs quite a lot of work, probably about £10,000 to make it nice, and it would really increase the value.
In the hope I can pull out that extra equity and get a Buy to Let. I was going to just get a personal loan to do all this
How would a bridging loan be better, or are there other options available other than a personal loan
would be happy to share my experiences if it helps.
Hey Michael. Would love to connect with you and perhaps share notes if you're open to it? I am in investor and have just bought my first BTL in Liverpool and would love to build up my network
@@pepeyogan1 no problem great idea. drop me a email whenever michael.a.heyes@gmail.com
Thanks Michael - please reach out to me in Instagram when you are next on there :) would be great to chat.
I was hoping for some advice on a good sandwich, turns out it read BTLs
Haha! Hungry to buy properties instead? :P
@@JustinWilkins After watching these I'll be investing my sandwich money more wisely.
Some good tips.
But why does tha man from Liverpool not speak with a Liverpudian accent?
He is well spoken.
Haha good question, and I've never noticed that he doesn't have a Liverpudlian accent before! I will ask him next time :P
Not my favourite interview you’ve done, but well done as always Justin
Appreciate the feedback, I will keep working hard to bring new and great guests :)
Interesting views on this and I have always been intrigued by investing ‘up north’
I have 5 btl properties in East Sussex so I wonder if you fancy having a chat about that over zoom/teams and then you can maybe give me some input on buying in Liverpool?
I am new TH-camr so would help my channel a bit & make for good viewing on yours.
Let me know if of interest 👍🏻
Is second a thing? 😂😂
Haha it is now!
I actually disagree with almost everything in this video. Spending £22k on a refurb to add £25k of value is awful. The rental income is great considering the properties are less than £100k but if you’d found better properties where you could add more value than you have, you’d find the ROI is considerably better
Thanks for the feedback James, and we appreciate you watching! I understand the angle that you are coming from... but I think in Ben's circumstances, this is still a great result. He is a busy Head Teacher working full time, and a family man with 2 kids. He's refinanced his home to create 2 x further BTLs and generate income. Whilst the money could have perhaps been recycled further with different deals / circumstances, not everyone physically has the time or knowledge to do create high ROI deals. Thanks again for watching, lots more content coming in the upcoming weeks :)
First
Love the video but it was pretty long
Thanks for watching Brandon! Appreciate it as always. Next video is a vlog and is much shorter :)
Just a feedback, there wasn't much I took from this video. Plus there wasn't a structure in what points were trying to be proven or spoken about.
Shame to hear that Imran - I thought Ben's reasons behind self management, investing whilst working full time, and Ben's lessons/mistakes learnt on his BRR were all good topics. But all feedback is honestly appreciated. I will make sure to structure the videos more in future. Any topics you want to see covered? Thanks, Justin
@@JustinWilkins The hot topic going around right now is the Leasehold scandal whereby leaseholders are facing hefty big bills over £35,000 in the name of removing cladding or something like that. Maybe could raise some awareness on that and the risk of buying leaseholds properties. Overall you could do a video that talks about pros n cons in freehold property vs Leasehold and include the cladding scandals going around.
Some great suggestions there thank you! And definitely noted. Especially that second one - freehold vs leasehold. Would be good to bring some more attention on that for new buyers and investors!! Thanks
@@JustinWilkins I am never investing on a leasehold ever again in my life bro. I got a sudden bill of £8700 few months ago saying major works being carried out to the building. £8700 is pretty much my 1 Yr profit after expenses for that flat in London. Leasehold is a no go zone for me from now on. Plus they charge sudden bills with service charges. Now you got cladding bills which the building freeholder is putting the cost onto the leaseholds.
Freehold is the safest option imo going forward right now especially after cladding problems which is incurring over £35,000 sudden bill on the leaseholders.
Refinancing at 75% to make a deal look good is great in the short term. But people fail to realize the end vision is to have no debt. No one wants debt on a property when interest rates will be 5%, 7% etc
The real smart investors work hard to pay off the deb rather than chill and buy a couple properties and not think about the repercussions
wrong, it's all about leverage and GOOD debt
I'm Single 😍😥
Same... shall we make babies
Thanks for watching I guess? Any viewers are welcome to take up your offer on being single :)
Hey
I'm looking to buy a property 2-3bed in Liverpool good area to live and rent out lodges with residential mortgage my budget is up to 125k.
I am happy to pay ur finders fees
Thanks
Excellent! It would be great to work with you, please sign up to my list here: www.propertyx.store