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The Wealth Warren
Великобритания
Добавлен 8 апр 2020
Invest in Assets. Build Wealth.
ASK me Anything: "What are the different stages of buying a property in the UK & the costs?" - Ep.03
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren
Today we talk about What are the different stages of buying a property in the UK? And other questions you've sent!
#buyingahome #buytoletuk #buytolet
00:00 - Intro
00:23 - Qtn 1: What are the stages of buying a home & the costs?
07:09 - Qtn 2: Bad area & High repair costs
09:34 - Qtn 3: How much do bridging loans & auctions cost?
15:33 - Qtn 4: When can you refinance?
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LETS CONNECT!
📸 Instagram - warrengosling
💻 TikTok - vm.tiktok.com/ZMNDbSfqV/
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DISCLAIMER: Warren Gosling, including but limited to any guests appearing in his videos, are not financial/investment advisors, brokers or dealers in any capacity. They are solel...
Today we talk about What are the different stages of buying a property in the UK? And other questions you've sent!
#buyingahome #buytoletuk #buytolet
00:00 - Intro
00:23 - Qtn 1: What are the stages of buying a home & the costs?
07:09 - Qtn 2: Bad area & High repair costs
09:34 - Qtn 3: How much do bridging loans & auctions cost?
15:33 - Qtn 4: When can you refinance?
-------
LETS CONNECT!
📸 Instagram - warrengosling
💻 TikTok - vm.tiktok.com/ZMNDbSfqV/
-------
DISCLAIMER: Warren Gosling, including but limited to any guests appearing in his videos, are not financial/investment advisors, brokers or dealers in any capacity. They are solel...
Просмотров: 0
Видео
My 'Mortgage Offer' GOT CANCELLED at the last minute!
Просмотров 639 часов назад
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren My Mortgage Decision In Principle offer GOT CANCELLED at the last minute! #mortgagetips #mortgages #buytoletproperty LETS CONNECT! 📸 Instagram - warrengosling 💻 TikTok - vm.tiktok.com/ZMNDbSfqV/ DISCLAIMER: Warren Gosling, including but limited to any guests appearing in his videos, are not financial/investment advisors, brokers o...
NO ONE TALKS ABOUT THIS: How Brexit, COVID & 2008 BROKE UK Property
Просмотров 14414 часов назад
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren This is How Brexit, COVID & 2008 Broke UK Property! #ukproperty #ukhousingmarket #costofliving LETS CONNECT! 📸 Instagram - warrengosling 💻 TikTok - vm.tiktok.com/ZMNDbSfqV/ DISCLAIMER: Warren Gosling, including but limited to any guests appearing in his videos, are not financial/investment advisors, brokers or dealers in any capac...
Buy to Let vs Rent to Rent- Which is Better?
Просмотров 224День назад
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren #rent2rent #renttorent #buytolet LETS CONNECT! 📸 Instagram - warrengosling 💻 TikTok - vm.tiktok.com/ZMNDbSfqV/ DISCLAIMER: Warren Gosling, including but limited to any guests appearing in his videos, are not financial/investment advisors, brokers or dealers in any capacity. They are solely sharing their professional experience and...
BANKER EXPLAINS: How to pay ALOT LESS Property Tax in the UK by switching to a Limited Company
Просмотров 202День назад
taxscouts.prf.hn/click/camref:1100l3TnFE ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren BANKER EXPLAINS: How to pay ALOT LESS Property Tax in the UK by buying using a Limnited Company #propertytax #propertytaxes #uktax 00:00 - Intro 02:21 - Personal ownership (Basic Rate Band) 05:36 - Personal ownership (Higher Rate Band) 07:31 - Limited Company ownership 10:18 - TaxScouts Automated Tax Retu...
Why I SAID NO to this tenant for my Buy to Let property
Просмотров 50214 дней назад
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren Here's how I screened tenants and chose the right tenant for my newest buy to let property in Hull. #tenantscreening #tenantmanagement #buytoletproperty LETS CONNECT! 📸 Instagram - warrengosling 💻 TikTok - vm.tiktok.com/ZMNDbSfqV/ DISCLAIMER: Warren Gosling, including but limited to any guests appearing in his videos, are not fina...
Brixton Gentrification has made Rent TEN TIMES HIGHER and Pushing Communities OUT! @MakeItCommon
Просмотров 3,9 тыс.14 дней назад
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren Original video credit: ruclips.net/video/Jl2goMSPQts/видео.html Brixton Gentrification has made Rent TEN TIMES HIGHER and Pushing Communities OUT! #brixton #gentrification #windrush LETS CONNECT! 📸 Instagram - warrengosling 💻 TikTok - vm.tiktok.com/ZMNDbSfqV/ DISCLAIMER: Warren Gosling, including but limited to any guests appearin...
Letting Agents vs Self-Managing- which is BETTER? | Should you manage your Buy to Let yourself?
Просмотров 6321 день назад
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren #landlordsuk #landlord #buytolet Letting Agents vs Managing Yourself- which is BETTER? Should you manage your Buy to Let yourself? LETS CONNECT! 📸 Instagram - warrengosling 💻 TikTok - vm.tiktok.com/ZMNDbSfqV/ DISCLAIMER: Warren Gosling, including but limited to any guests appearing in his videos, are not financial/investment advis...
Everything I PAID + PROFITS made: How much does a UK Buy to Let cost?
Просмотров 45921 день назад
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren Here's everything I PAID for my UK buy to lets and the income I made on my investment properties. How much does a UK Buy to Let cost? #buytolet #buytoletinvestment #ukpropertyinvesting 00:00 - Intro 00:51 - Buy to Let costs breakdown 05:18 - Buy to Let profits breakdown LETS CONNECT! 📸 Instagram - warrengosling 💻 TikTok - vm.tikto...
I Got landed with a £21,000 REPAIR BILL | How to fix mold and penetrating damp
Просмотров 265Месяц назад
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren #mold #damp #mouldremoval 00:00 - Intro 01:47 - Penetrating Damp vs Condensation 03:33 - How I fixed the Penetrating Damp 05:50 - ALWAYS get Multiple quotes 12:05 - Finding the RIGHT Tradesman 18:01 - The work that was done LETS CONNECT! 📸 Instagram - warrengosling 💻 TikTok - vm.tiktok.com/ZMNDbSfqV/ DISCLAIMER: Warren Gosling, in...
How to RELEASE EQUITY (step by step) and get thousands £000's | How to do a Remortgage Refinance
Просмотров 129Месяц назад
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren #equityrelease #remortgage #buytoletproperty LETS CONNECT! 📸 Instagram - warrengosling 💻 TikTok - vm.tiktok.com/ZMNDbSfqV/ DISCLAIMER: Warren Gosling, including but limited to any guests appearing in his videos, are not financial/investment advisors, brokers or dealers in any capacity. They are solely sharing their professional ex...
TWO THIRDS of UK Housing will DISAPPEAR when this happens!
Просмотров 509Месяц назад
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren Some people want to abolish landlords and have the government provide uk housing. This is the disaster that would occur! #ukhousing #buytolet #landlordsuk LETS CONNECT! 📸 Instagram - warrengosling 💻 TikTok - vm.tiktok.com/ZMNDbSfqV/ DISCLAIMER: Warren Gosling, including but limited to any guests appearing in his videos, are not fi...
NOBODY tells you this about Mortgage Applications! | How to get a mortgage in the uk
Просмотров 227Месяц назад
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren NOBODY tells you this about mortgage applications and How to get a mortgage in the uk. Here are the do's and don'ts for getting a mortgage in the UK and buying a home and keeping yourself off the UK mortgage blacklist! #mortgagetips #buyingahome #mortgageadvice 00:00 - The differnt types of mortgage 'offers' 02:56 - Specific things to ask your B...
DO THIS to Find the BEST AREAS for Property Investing every time! | UK Buy to Let investing
Просмотров 159Месяц назад
Here's how to identify the best areas to invest in uk buy to let property ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren #buytoletproperty #propertyinvestment #propertyinvestmentforbeginners LETS CONNECT! 📸 Instagram - warrengosling 💻 TikTok - vm.tiktok.com/ZMNDbSfqV/ DISCLAIMER: Warren Gosling, including but limited to any guests appearing in his videos, are not financial/inv...
This is HOW you find the BEST City to invest in Buy to Let Property in the UK
Просмотров 315Месяц назад
ALL THE LINKS YOU'LL NEED: linktr.ee/wealthwarren This is HOW you find a GOLDMINE Buy-to-Let City - today we look at the Sheffield buy to let market. #buytolet #propertyinvestmentuk #sheffield LETS CONNECT! 📸 Instagram - warrengosling 💻 TikTok - vm.tiktok.com/ZMNDbSfqV/ DISCLAIMER: Warren Gosling, including but limited to any guests appearing in his videos, are not financial/inve...
Service Charges are INSANE in parts of the UK!
Просмотров 116Месяц назад
Service Charges are INSANE in parts of the UK!
How much does a HMO cost and how much can you make? | Rent to HMO
Просмотров 1432 месяца назад
How much does a HMO cost and how much can you make? | Rent to HMO
How much does a BRRR cost and how much can you make?
Просмотров 1402 месяца назад
How much does a BRRR cost and how much can you make?
We all NEED what Samuel Leeds teaches! THIS is why... | Samuel Leeds Rent to Rent Crash Course Scam?
Просмотров 3822 месяца назад
We all NEED what Samuel Leeds teaches! THIS is why... | Samuel Leeds Rent to Rent Crash Course Scam?
These 20 & 30yr olds built BIG BUY TO LET PORTFOLIOS with other people's money... Here's How!
Просмотров 5392 месяца назад
These 20 & 30yr olds built BIG BUY TO LET PORTFOLIOS with other people's money... Here's How!
When will Mortgage Interest Rates GO BACK DOWN!??!
Просмотров 1142 месяца назад
When will Mortgage Interest Rates GO BACK DOWN!??!
Ranking the MOST PROFITABLE UK Property Investing Strategies from Highest to Lowest
Просмотров 1,9 тыс.2 месяца назад
Ranking the MOST PROFITABLE UK Property Investing Strategies from Highest to Lowest
What is Bridging Finance? And how do apply for a Bridging Loan?
Просмотров 793 месяца назад
What is Bridging Finance? And how do apply for a Bridging Loan?
You can get to 10 investment Proprties FAST by DOING THIS | How to complete UK Buy to Let Property
Просмотров 2393 месяца назад
You can get to 10 investment Proprties FAST by DOING THIS | How to complete UK Buy to Let Property
How To MAKE £18,000 from a CHEAP buy to let property up North (Step by Step)
Просмотров 5863 месяца назад
How To MAKE £18,000 from a CHEAP buy to let property up North (Step by Step)
ASK me Anything: "Which City should I invest in up North?" | "How do Bridging Loans work?" - Ep.02
Просмотров 2113 месяца назад
ASK me Anything: "Which City should I invest in up North?" | "How do Bridging Loans work?" - Ep.02
Why I said NO to THIS TENANT for my buy to let property
Просмотров 1404 месяца назад
Why I said NO to THIS TENANT for my buy to let property
NEVER pick these kinds of tenants... | How to screen & choose tenants for your Buy to Let
Просмотров 4194 месяца назад
NEVER pick these kinds of tenants... | How to screen & choose tenants for your Buy to Let
SKY-HIGH Mortgage payments coming for us all in 2024? | Whats next for UK Mortgage Rates?
Просмотров 2564 месяца назад
SKY-HIGH Mortgage payments coming for us all in 2024? | Whats next for UK Mortgage Rates?
DON'T BE A FOOL: 'No Money Down' Rent to Rent deals are NOT REAL!!! | Samuel Leeds Crash Course
Просмотров 1874 месяца назад
DON'T BE A FOOL: 'No Money Down' Rent to Rent deals are NOT REAL!!! | Samuel Leeds Crash Course
Hello Sir, U need a attractive RUclips thumbnail designer to grow your views?
thanks...as ever great info
STARMER CANNOT BRING UK BACK TO EUROPE IF STARMER GETTING IN BED WITH ISLAM. EUROPE LEADERS IS 100 PERCENT CHRISTIANS. WHY DO YOU THINK TURKEY IS ALWAYS BEING BLOCKED AS A MEMBER??? SO KIER STARMER HAS TO DECIDE CLOSE TO EU OR COZY WITH ISLAM. WHAT WOULD THE EU MEMBER STATES SEE IF UK IS OVERRUN BY ISLAM???
I dont understand what the point of your video is. If you work with samuel leeds he does help you as hes in the position to do so.
And immigrants absorb the extra money, ie create demand for the supply, so another reason for not stopping the boats. It’s all about the money. If you know them and they are in the newspapers, they aren’t elites, they are workers for the elites.
Not sure I follow...?
samuel leeds lol, obvious fake!!! look people greedy people who make money from a "certain way" will just keep making it, why the fruck would they grow a heart and all of a sudden feel compelled to share with strangers?..oh and charge a fee....SCAM!!!!!!!!!!!!!!!
Thats so much work for such little return. £240 / month!? You could literally start a business doing anything outside of your normal job and be making that provided it can scale e.g. hire staff, grow the business, and then be at a point where you wouldn't need to work a normie job again. Property investment to me only makes sense when you already need to park money in an asset that wont devalue over time and can generate cash flow after you have already liberated yourself from a normie 9-5 job. Also is that based on having an interest only mortgage so you're not even paying the principal and owning the property? That doesn't scale if you own multiple properties and have multiple mortgages with your limited company and end up making 10K / Month your portfolio because eventually you'll need to pay the mortgage of, so will lose the property and just have the cash. Cash devalues over time relative to hard assets so I'm assuming that cash is used to pay off the principal too of some of the properties in your portfolio and if this is the cash your quality of life doesn't change much because the money you're generating is going to buy the hard asset instead. This is way better than what the average person is doing but it's still a leap behind actually being financially free. It will never come taking this approach. I'd say within 15 years based on how inflation is trending, they're going to raise the target from 2% to 5% which means significant erosion of purchasing power, you would need £5000 personal income after tax unless you're living a modest life which is also fine.
Link: taxscouts.prf.hn/click/camref:1100l3TnFE
Applicant 1 is likely to stay put until possibly evicted by court order. I made this decision based on the last address history - 3 months with family.
I like how you say we need to come together and cooperate and buy up property and business. Can you start the ball rolling. I've been hearing this since I was born and not seeing it happening. Other groups of people but ours seem to have a Hugh challenge with that.
@alfredstreete I'm literally doing it in real life my bro- I invest myself, I'm looking into co-investing with others, and I teach the community how to invest on here. We can all do this 👌🏾
A challenging question came to mind last time I was in Brixton: When British went to Africa/West Indies it was called "colonisation" When Non African/West Indian communities had to leave Brixton it was called "gentrification" What was it called when WestIndian/African communities originally moved to Brixton and the local non Black community left?
The Caribbean community brought life to Brixton, built the NHS, and other services to the best they ever were or have been. Despite facing discrimination, they had to fight while others were hiding, scoffing, and leeching, like Oswald Boateng, until the coast was clear. The mistake we made was being individualistic, lacking access to capital, building nothing, and selling off everything. Other groups get funded, like the Brixton Brewery. We should have been more disciplined and closed off, like they are to us. We are a foolish people; it’s that simple. It was written.
Bengalis/Pakistanis also fought for their rights just like Carribbeans. The other Africans, Arabs and etc came here later than us and living off our hard work.
@@almurabitun They didn’t fight for chit. The piggy backed off of our struggles & movements, just like they did recently in Leeds with their BLM signs, none of them were black & it had flip all to do with black people.
The people coming back were there to start with but as minorities moved in the effect of that lead to white flight. For the last 15 years or so government has passed laws to force poor minorities into the white suburbs to spread the poverty and the taxes become so high to fund welfare programs so they move back to the cities destroyed by minorities because property is cheaper.
It’s true gentrification has a bad thing. It’s about being business and property savvy especially to blk and ethinc from working communities. Generally as well, even often white or cosmopolitan middle class people are being price out of their own areas as it’s become more of new rich areas. It would be good for talk about super generation effect by international super rich types buying established areas like Chelsea and mayfair and the effects to housing Crisis.
People have to think long term and mobilise to survive in there local communities it’s easy to remove black communities but not Asian communities or other communities
It's not only happening in London based on the comments they lend it seen like a only black thing. Go to any predominantly Caucasian cities like Liverpool, Wales etc and they to are suffering with high rent and rates. Shops are closed and the residents have no business ideas to stimulate their future. Soon the shops in Brixton will be closed to the new comers who will not be able to afford the rent and or business rates.
Don't claim you white Europeans are Caucasian because you are NOT. Caucasia or as it is really known is a land called Kavkaz in Central Asia where the people of Dagestan, Chechnya, Ingushestia, Ossetia, Kabardino-Balkaria, Armenia, Georgia, Azerbaijan and Circassians are from. The genetics of these people is NOTHING related to White Europeans at all. White Western European scholars adopted this term Caucasian for them because they believe the Prophet Noahs Ark stopped in that region and they claim (scientifically not factual) that their White European ancestors who descend from Prophet Noah came out from there then migrated into Europe. Historical records, DNA specialists actually attribute White Europeans to be of 3 population waves. 1. From present day Lebanon and Anatolia 2. North Africans of Phonecian Lebanese stock and pre-Berber Amazigh 3. Slavs who came in to Eastern Europe from Ukrain region Stop calling yourselves Caucasian because the Kavkazi people are the real Caucasian.
👎🏿👎🏿BLAR BLAR BLAR ......That's C A P I T A L I S M - Money TALKS✍🏿
Don't forget that the "invading" ...I mean gentrifiers that come in apply for "boot the locals out grants" I mean rent subsidies that are not widely known about. It seems to be that the subsidies are only known about because someone knows someone, and this rent subsidy allows the new coming business to stabilise whilst they get their customers/income steadily increasing whilst the price of rent is kept at an affordable cost. To be fair once the gentrifiers kick out the initial community (lets be honest the black communities) the vibes in that place becomes dead yeah it seems that things are sill happening there but we carry the essence that can't be bought or duplicated. I think for me the worst thing about gentrification is the incoming lot treat the people that have in some cases been born and raised in that community like that don't belong and when you use those gentrified spaces you are made to feel unwelcome... the audacity of it all! I love that you're addressing this - keep up the good work Brother!
It is a lack of self awareness. People have not woken up to the 'Energy' detectives who are behind the gentrification of areas once dominated by Global Minority citizens. Energy harvesting is big business for those in the know. They created spiritual abundance through the pain and suffering of others. So buy your property, guard your energy and learn to respond to provocation not react to it.
For decades, lots of Blacks had an opportunity to make positive change in Brixton. Instead they chose to be Road men, baby mummas and failed to unite. It's your own fault, Stop ❌blaming others!
As a black jamaican man from south London, I agree with your comment 1000000000%
big up the Londoners investing in Birmingham/Manchester etc etc i believe it will be too late in 10-20 years time London was a working class city so it was affordable if ur working class you should not be in London Period!!! i think old school Londoners don't really understand How much of a powerhouse London is on a global stage
@@phosoa8965 100%
Now people from Birmingham are being priced out and they are complaining. It’s a cycle, I think Warren highlighted a key issue which is complacency.
people are completely forgetting London was no proud place to be in the 70s,80s,90s many people came and many left most stayed because there was no other options!!! i remember the 1st times getting on a plane out of London at age 17 and again at 20 i was borderline Angry being raised there
Those areas used to be nice. Then blks moved in and destroyed it. Now we have it back.
My brother this biggest problem with black people cannot united and come together as one like others race of people. We prefer to spend on materials things than invest in Brixton should have set up Co- operative bank to help fund businesses, real estate that other race of people coming into Brixton buy up property and real estate and rent goes up and then local people push out, message to blk change your mind set or stay poor and at back of the queue.
Which black people, that is the problem, we are not all the same.
@@cortezforever so true it call mental slavery that is still affecting blk people.
@@cortezforever They’re all the same. As soon as black people come to the west they start begging white people fi dem tings instead of building their own. Whatless people with no shame, truth hurts 🤷🏽♀️.
Overseas investors see London property as a great asset class, a safe haven where the rule of law is applied. Unfortunately for us locals we are left behind. Government to blame no one else they should have seen this coming a mile off.
I would go with applicant one, mainly coz 2 people working is better than 1, the fact that they applicant 5 has a shorter tenancy and left a previous tenancy after 5 months
My first buy to let is profitable for now but it’s in an area that isn’t so good and will need repairs as time goes and it’s making me worry about my future cash flow. Do you think if u buy a property in a bad area you should sell it or keep it and just adjust ur possible rent to reflect that?
@@thaddyopoku4214 What is it about the area that isn't good? Could you use the property for a more profitable strategy like HMO or Serviced Accomodation instead? Yes if its possible to raise rent- thats an option too.
Gentrification, the only tool that can blatantly tell you to leave your neighbourhood without saying a word. Its a destructive weapon but as we know money is the root of all evil so while the lust have or save money more and more people will be kicked out of their neighbourhood they grew up in. My is aera unrecognisable and depressing. Death of a community
Haha it happened to me. I cant afford to live in the neighborhood i grew up in. And i make more money than my parents did. Lol
@@naception MAD.
Great video! I agree with you again, as long as I have the time I prefer to manage myself and not give agencies 100s of pounds per month of potential profit. But I can see the benefits of going down an agency route especially if the property is far away and the investor does not have much experience holding a screw driver or have the contacts in the area! I jumped back a few videos and enjoyed your Samuel Leeds rent to rent video too, very interesting!
@StrategicPropertyInvesting Yea I totally agree- self managing is definitely a personal choice👌🏾And yes Samuel Leeds is an interesting chap!
Brixton used to be white. Happy to see the gentrification because its a dump.
⚪️🗑
It happened in Ladbroke Grove.
The more i hear about gentrification is that anyone who cannot pull their weight is going to go extinct. If we do not change with the times we're not going to exist. The future population is getting established. I honestly think culture is getting priced out and wont exist. Soon, only the culture that is the most aggressive and most capitalistic will be the only one that exists i think.
With unregulated immigration things will only get worse. close them damn borders
Wow complaining about rent even in UK, Gentrification is a good thing and most have to develop their own areas but you do not own it, unless you pay to own the property. Do not hate on wealth, capital and etc, it can be you easily. Stop only selling rice and start buying the properties. The middle class are the most dangerous people and group, they are the first one's to steal and break the laws for their own interest.
Nope 'most people don't develop their own areas'- the government and/or investors do it for them. People get to participate in the wealth creation of that area if they can afford to buy in or already own there.
I love gentrification. I’m a big believer of pricing people out. Can’t afford it can’t have it or live there. Why should poor people live near the beach. They should live with the rest of poor people in the projects. That’s fair and reasonable for people who are getting a free house. Want to live in nice houses in good neighborhoods pay. Get more $
@@thewealthwarren6940Don’t even bother with this troll they act like their apart of the 1% but when they this happens to them they’ll be the same one complaining about this situation
@@isysslepore72 In the 80s if you had no job you would be moved out of seaside towns.
@@isysslepore72 facts
It also reduces the crime rate
@@isysslepore72 no I understand it. It is happening to me. I will sell house at peak price and then move to a piece of rural property in a red state and build a house. Taxes are way cheaper in red states. That’s what’s killing me. Blue states suck. I grew up here. It’s fair and it’s right. If I can’t afford it anymore it’s not for me anymore. I enjoyed it for 47 yrs. Time to move on
Keep the videos coming brother ✊🏽
Black people themselves sold out.
How so? Please explain
@@thewealthwarren6940 should have bought years ago as a collective. However too busy moving to the suburbs where there are no other black people. Too westernised with the individual mentality.
What does "people who were there before" mean? Before what? This sounds like another group to cut and divide people by.
Great video! Really informative. This seems to be happening all over the world.
@@shea1219 definitely👌🏾
How about get a job or go back to Africa
Hey quick question, for auction homes, do you have to pay in cash or you can get a loan for it… I mean how does it work?
You use bridging finance- watch this video I made on it for info: ruclips.net/video/UPNEpNTXdG0/видео.html
@@thewealthwarren6940 Thank you so much. Could you share an example? Maybe one gets an auction for £70k, and one needs to get bridging finance; what could be the return and profit... Just all based on assumptions
@olajumokebiz9698 this video breaks down all costs and returns for my most recent auction purchase: ruclips.net/video/Jbbn4d6FHpA/видео.htmlsi=PjIswkE327X5j9ld
The profit is so low, economy is stuck. Cash buys look like the best way for btl, preserving value and small cash flow. The bonuses in some professions are 3x the annual profit of a lot of the properties listed.
I wouldn't call an annual £4k profit & 11% ROI low. Thats better than most regular investments out there. You can also double/triple this by doing different strategies such as serviced accomodation. Yes a job may pay higher bonuses... but those are never guaranteed, you're taxed heavily on them, and you can get let go from a job anytime. You can never get let from an asset you own. Plus it appreciates in value over time.
@@thewealthwarren6940 I get what you mean, just in the grand scale of wealth it seems minuscule in comparison to the returns you could have had with this strategy a decade ago at better rates
Could you create a video explaining the duration for which you are allowed to remortgage a property you have purchased?
I believe it's best to utilize agents to find tenants. Paying them to manage is a waste of money.
To my understanding a similar amount in an Index Fund is about minimum 7.5%, but then again you wouldn't pay the tax bill on a primary residence, so the primary residence still probably wins.
Hi Warren, thanks for answering my question, you’re a star 🌟
@drjanemccartney you're welcome thanks for the suggestion!
Would love to know from your experience if possible or in another video, the order of the property costs / property purchase process. At what stage do you get a survey? Is this before the purchase. Thanks.
Great suggestion- will make a video on this in the coming weeks. Thanks!
Morning Warren. Have a great start to the week ☀️ Thanks for the upload 😎
Thanks for the info! H2B seems to be trapping? You either pay 800£ extra and be done with it. Or 200£ extra (but just paying interest and kicking the can down the road?) you’ll eventually have to pay the 800£ when you want to clear it? Sadly it could be more, if your property increases in value? H2B seems to be peering over the edge of a cliff. Jump now, or stand trembling knowing you’ll jump later on? 😮
Yes eventually the £800 will be inevitable- its basically a case of deferring it for as long as possible (really until we move!). All part of the Pros and Cons of this scheme...
The how Sway clip had me 😂😂😂
@@MillennialsWithMoney 🤷🏾♂️😂😂