Buy To Let Property Number #22 Part 1 | The Purchase Process
ฝัง
- เผยแพร่เมื่อ 12 ก.ย. 2024
- In this video buy to let property number #22 part 1 the purchase process you will come with me on the journey of buying the property which is great buy to let advise for UK landlords.
FREE Training: The 3 MOST Important Parts of Property Investing You MUST Master Before Buying Your First Property - www.new2proper...
FREE copy of my paperback book How To Buy 2 Let - www.new2proper...
If you prefer to learn online make sure you check out the How to - Buy To Let online mentorship course at new2property.t...
Ventilation and condensation tenant info - www.new2proper...
Come and say hi! 👋
Facebook - / new2property
Instagram - / new2property
Website - www.new2proper...
At new2property we offer a one on one mentoring service for new and experienced investors who are looking to create long term wealth in property. Drop us a message to find out more.
Thank you so much for watching this video and for supporting the new2property TH-cam channel, before you go make sure you subscribe - / @new2property
and click the bell 🔔 icon to be notified every time a new video goes live.
In the new2property TH-cam video series, you will be provided with buy to let advise and hints and tips for investors on all things related to property UK. If you are new to buy to let, an investor or landlord just getting into property and setting up a property buy to let business or just looking for some hints and tips for UK property investors this channel is for you. Its important to speak to UK estate agents and to get your estate agent questions nailed to ensure you are armed with the info you need. I offer some invaluable advise for property investors on how to invest in buy to let and break down the buy to let steps, you will also pick up some valuable landlord hints and tips. As a beginner property investor being coached by a buy to let expert and buy to let mentor will give you all you need to know on how to BTL. I am a one on one property coach who works with property investor UK and landlords guiding them through each and every step of the buy to let process. I help those new to property investing answer the questions why property invest and where to start buy to let and I also offer an online course How to Buy To Let buy to let which is a property investing for beginners guide.
new2property | www.new2property.co.uk | One on one Buy To Let mentoring for UK property investors
#propertyinvesting #buytoletproperty #buytoletmentor #ukpropertyinvesting #buytolet
![[FULL EP.73] เปิดบ้าน 70 ล้าน "แป้ง Zbing" ยกมาทั้งญี่ปุ่น l เคหสถานบานปลาย l One Playground](http://i.ytimg.com/vi/YBnJhTt07Pg/mqdefault.jpg)
No one is giving in depth detail as you, excellent content !!!
Thank you so much 😀
I e never subscribed so fast , no waffle just straight steps and facts love this guy 👌
Your optimism is inspiring, got that deal done!
Thanks Dave I really appreciate it
How weird that it was only earlier today I was thinking your channel had gone quiet and even checked if YT had unsubscribed me... then up you pop! Look forward to the tour and refurb.
And me only yesterday 😂
And me 😂
Sorry all, I’ve been focussing on my live workshops, TH-cam takes so much time.
I appreciate you all following me 🙏
Wow just came across this content, and it’s brilliant!
oh wow,great video ,the buying process took 5/6 months,never knew it can take that long
How do you make it pay.. I am putting off continued property investing as 19% corp tax and then 33.75% dividend tax means that more than half your profit is confiscated..
Hi,
Thanks for watching and for dropping a comment,
It doesn't pay at the moment, I`m retaining all profits in the company and reinvesting.
Great video,
I have made this journey many times, and you describe it perfectly, thank you. :-)
Brilliantly insightful video, appreciate the time you put into this
Thank you so much for watching and for dropping a comment I really appreciate it.
Great piece of content. Well done!
Thanks Nick I appreciate it.
Love the video, good to see you back in action. Lights in your office were bluring the vid at the low angle looking upwards.
Thanks for the tip and thanks for watching 👍
Love the in depth talk ❤
Really stressful buy but worth it after all ... bravo
Thanks very much for watching and for dropping a comment.
For a three bedroom house, is it better strategy to rent out the full house (unfurnished/furnished) or rent each room (which results in higher monthly rent assuming all rooms are occupied)
In your experience, which has been more profitable out of the above two? Can you create a video on pro and cons for above options?
Hi,
Renting a property by the room will typically generate more monthly rental income. However, its not that easy, the property might be in an article 4 area meaning you can`t rent to more than two unrelated people. Also managing a HMO comes with more hassle and time commitment than a single let.
You`ll want to define your strategy as this is very much a personal preference.
Thanks for watching and for dropping a comment.
I love the quick cuts
Thank you 🙏
As always very great info.
Thank you 🙏
So the best case scenario is you invest around 40k lets say you make 250 a month after all expenses 3k a year, you rent for 2 years and they move out now you may need new carpets, paint and it takes 3 months to out back on the market essentially eating i to nearly all your profit all while the s and p index is still averaging 9% a year which will be tax free if investing in a stocks and shares isa the risk reward ratio is way off. Property is good over a long time because of the IRR but is way to risky for a first timer
As a property developer i dont play nickle and dime stuff and would pay 150k otherwise someone like me snap it up,Rent it out and in 7 years it doubles so I don't care about anything else.Then borrow 80% off that property and buy another.
I bought a place to rent, but due to changes next April I’m not going to bother, better off with the money in the stock market
With new tax implications coming up in November, i would think twice before diving into buy to lets.
Hi thanks very much for watching,
What tax implications is it that you are referring to specifically?
It is an interest only mortgage?
Who was vendors solicitor?? Not PCS legal by any? chance. Had few issues with them myself .
Great and informative video. Can you explain how you calculated your yield.. was it on money paid in eg deposit and net rental? Thanks
Hi Anthony,
I used a deal calculator that I created, you can purchase the tool on my website if you are interested. Even if you are not there is a demo video you can watch to see how I calculated my numbers. Thanks for watching and for dropping a comment.
Thanks for your videos, helped with our property search!
I had a question, offer has been been accepted on a property we were interested in but the Mortage advisor said we need to action the solicitor because that is needed to apply for mortgage process
In your videos you have said that solicitor is involved only after rics (which I was planning to do as well so if there are any issues, I can pull out without incurring the solicitor costs)
Please can you advice if the Mortage advisor is giving me right information? Is solicitor needed to apply for the Mortage?
(My first property was new built as a first time buyer and it was all done seemless in the back ground by the new built estate agent 😅 so can’t remember if solicitor was involved at Mortage application step)
Looking forward for anyone to answer this if you have this info , thank you!
Hi,
Step 1 a mortgage valuation will need to be carried out on the property, if the lender agrees with the purchase price then you can action a surveyor, if you are happy with the survey then you can action your solicitor. A solicitor is not needed at the time of obtaining a mortgage.
I hope this helps.
It sounds like you would benefit from seeking help from someone experienced, its best to get an understanding of the process before pushing forward as mistakes can be costly.
@@new2property thanks Dan for the response.
Since I have said that I will action the solicitor once the rics2 is complete, the Mortage advisor hasn’t asked me again to provide solicitor details. But saying that, I will only go through solicitor after survey is complete as advised in your videos.
I did order your book so will go through it as well so I follow right steps. The new house is on a road next to my current house. As I have had a lodger for a year and also had Airbnb before that, I am confident that house in this area is good for business. However, just the step to buy houses is new to me but I am doing all due diligence.
However, if you have recommendations on house buying journey and what to consider etc, will be great! Thank you again for your videos, really informative!
Hi Congrats on the purchase - what is the EPC and do you take that into account when buying a BTl?
Hi
Thanks for watching and for dropping a comment, its an EPC C and yes I do take it into consideration when I`m looking for properties.
Invest in Bitcoin before retiring by diversifying across assets, allocating a small portion of your portfolio, staying updated on market trends, and considering long-term holding to balance risk and growth.✳️
Many new tra-ders struggle without proper guidance. I found success through James Clark's expertise.
@@WinniAltierieexactly that's why I always seek Mr J Clark's guidance in all I do 😊
James Clark's market insights have consistently led to profitable decisions.
I recently sold half my tech stock holdings due to all-time highs, leaving me with $400k. Should I invest in ETFs now or wait for a market correction considering potential inflation?
Celebrating a $30k stock portfolio today from a $6k start. Investing wisely has given me time for family and future plans.
What area are u buying in as 850 seems like a deal the average house is around £950-£975 and certain apartments are 1,000 pcm
My properties are in Lincolnshire and Nottinghamshire.
Thanks for watching and for taking the time to drop a comment.
@@new2propertydo u buy there because ur form there or is it a good roi and would u consider making a video on ur thoughts on how u would go about expanding ur properties portfolio to be able to own multiple properties like 10 plus
What area is this property in please ?
This property is in Lincolnshire, thanks for watching and for dropping a comment
If you worked/lived in London, how and where would you invest?
Not in London, but where would be determined by a number of factors. You`ll want to define your long term goal, then work on a strategy that will get you to your goal, once you have this in place it will be far easier to decide on where to invest.
I hope this helps, everyone is different and there is no one size fits all answer.
Thanks for watching.
Real estate is probably the best investment if you know how to choose properly. Apart from the ROI you have capital appreciations, provided the place won’t be turned into a shithole like many coastal towns/cities nowadays
Thanks for watching and for dropping a comment its really appreciated
Good video, however your no's don't stack up.. I've just calculated the ROI based on the no's you said on the video however it doesn't marry up, unless I'm missing something here..ie: £260.44 p/mth doesn't make £2,867.25 p/a, likewise it'd be interesting to find out how you calculated a higher ROI of 6.46% when the rate is even higher at (5.85%) however I appreciate this doesn't have the hefty mortgage product fee you were being charged initially in the lower rate of 4.39%...
This is why we only buy properties which are already empty and involve no chain!
I agree that empty non chain properties are best David, however, unfortunately not all the properties we want to acquire are in this position so waiting and only targeting empty non chain properties is pretty restrictive.
I think but to let loans should be temporarily be banned, to stabilise the market. Yes house values will decrease a little but only to it's true market value not current inflated value. Property investors can still buy and sell homes, but at least more ownership will happen. And risk to banks will decrease in turn reducing interest rates
Hi
Thanks for watching and for dropping a comment.
House prices have dropped in real terms over the past few years, they are not currently inflated.
@@new2property we can agree to disagree on that point. However rental prices have been inflated due to increase in interest rates. However if interest rates reduce I would expect rents to reduce equally. Refusing to do so is then profiteering, as it's not the going rate at that point it's just increasing profit margins. My father rents 3 houses he built, and kept the rents low as he was heavily affected by interest rates rise and he cares for his tenants not just uses them as cash cows, he could increase his rents by £250 easily but chooses not to because he has morals and increases/decrease inline with his costs. Not many landlords will do that, hence I am in favour of rental regulation
Fuck it's harder now I just started
I’m my experience it’s always harder today than it was yesterday.
One minute in and trying to decide if you're a total parasite accumulating homes. Do you still own Buy to let properties 1-21? Or do you do some kind of flipping model?
A parasite ? That’s someone who lives off others.. I think your definition is wrong.
@@andrewfallon2719 Nope, I think I got it spot on.
@@wololo4761 Silence peasant
😂
After reading your comment a few times I`m still wondering if you call me a parasite and then ask me a question expecting me to take the time to reply.
What a long winded, Daunting process in uk property just earning so tiny profit. Not worth it.
That’s not even the profit, all the associated costs of owning a property and letting it out. Not much margin in it.
In 25 years he owns over 20 properties and can retire. It has cost him nothing but the time to buy, do up and to monitor his property management people. It’s not all about the month to month profit, as long as his overall cash flow stays positive.
Thanks David
The property crash is inevitable. Many are being trapped.
And when it happens,I’ll remind you.
no chance.
People been talking of a crash for 20 years mate
@kaz4845 I saved 50% in the last crash now its doubled. 20 years, it has crashed twice.
@@kaz4845 you know 20% of the population are going to die in the next 20 years. Debt is high, boomers passing away will cause a huge lag in housing. Only hope is labour keep giving the houses to illegals and keep encouraging mass migration to keep the rich richer. So far so good.
Please do, I have a long list of people who have said the same for the past 10 years. None of you are wrong it will crash one day but not yet and when it does I’ll be ready for it.
Property no longer profitable......
Maybe for you Mark but that`s not the case for all of us. Your comment is a sweeping generalisation which factually isn't true.
I wouldn't invest in property at moment with this Labour Government...good luck
Why?
I don’t see that they are any worse than the last government we had to work around.
Waiting to invest costs money and time.
omg this is rediculas for 2024 . wait until smart contracts come and you can do a sale of a house in minutes on the xrp ledger,
That’ll be a great day in history if it happens
@@new2property it’s on its way
Blah blah blah lol
No one asked you to watch pal 🤔
Is that interest only mortgage ?
Yes that`s correct