You haven’t included tax in your figures. So you’re losing 150-180 off your 280 a month depending on if you have bought in personal name ltd company. Add in council tax and minor maintenance and you’re at net 0
Average rents is 500 ,tax 100 , and house insurance is 90 p/m that leaves 310 agents fee 60 250 boiler maintenance 15 p/m 235 general smoke alarms fitted, electric testing,gas testing,general maintenance painting, your left with 50 and when you sell you have to pay capital gains tax at 20 upwards percent,i see all the let's up for sale why would that be also you now need an accountant and be a business on top ,funny thing that
Great video; please do a HMO breakdown
You haven’t included tax in your figures. So you’re losing 150-180 off your 280 a month depending on if you have bought in personal name ltd company. Add in council tax and minor maintenance and you’re at net 0
Superb as always. Thank you
Average rents is 500 ,tax 100 , and house insurance is 90 p/m that leaves 310 agents fee 60 250 boiler maintenance 15 p/m 235 general smoke alarms fitted, electric testing,gas testing,general maintenance painting, your left with 50 and when you sell you have to pay capital gains tax at 20 upwards percent,i see all the let's up for sale why would that be also you now need an accountant and be a business on top ,funny thing that
Excellent video, very motivating
I think you better having the money in an shares isa account dividend is tax free. your making the same amount of money without the tax or costs
🔥 as always STE. Anyone looking to get into property needs to speak to one of STES team at the property circle. The value is insane.
120k for a house and 900 rent lmfao, where are these areas, ??
There’s lots of areas that this happens, you just need to have a look around 👍🏼
stoke maybe
Social media