Fire content Jamie, I'm a huge fan of your video 🙋♂ Out of curiosity, are you currently seeking video editors or a thumbnail designer to enhance your personal brand? May I send you a previous work sample?
Talking of education, is there any courses on the DIY skills required? I know electrics & loft conversions need more skilled people, but for all the stuff legally allowed to do safely for oneself, is there a kinda jack of all trades flipping course? I know a lot already, but would like to get a bit more polished on plastering, & just get general tips, I didn't have a father to learn off unfortunately!
Hi I'm going through a separation at the moment and we are looking to sell our house so we can split the profits and after paying the mortgage, I be left with £80k, how can I start flipping a property with this money?
Hello , I’m 16 and wondering so me and my brother said we will save money up together and after 5 years buy a house and flip it , then repeat then buy a more expensive property after then we eventually start fazing into the rental side to keep a passive income . I am confused on legal bills and the process
Great video Jamie. Could you do a video on how to talk and negotiate with vendors depending who they are like councils, private sellers, legal entities etc and estate agents. Also, it would interesting to hear what are the best strategies when making an offer. It's a bit crazy in Scotland. People are overpaying a lot to secure properties e.g HR £15k sold for £42k. Thanks
Also, how do you estimate the end value after refurb ? Zoopla is not very reliable. There are missing evaluations and the price range is sometimes £20k+
Hey Jamie, just wanted to say I'm a massive fan of your work and I'm learning a lot from your videos. I'm living in Bulgaria right now, moving to the UK in just a couple of months, my question is how would you start? I have around 10k in the bank right now and don't know what to do with it.
Great video. Would you be able to do one on how to find good reliable tradespeople to carry out the improvements? We have been screwed so many times on renovations, always end up spending 3x what we planned/ Seems good reliable people are like gold dust so would be keen to know how you handle it?
hey Jamie, could you make a more in depth video on service accomodation. i know your not a huge fan but i think its a good idea when starting out and can make alot quicker money to help buy your 2nd property etc, then the "set and forget" method if you dont mind putting in the extra time yourself doing all the cleaning etc
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊
I will make one observation. Do not buy ANY property at Auction. Ever. I have just made this mistake, and as soon as the sale I didn't want goes through, I will be selling it. Along with the landlordship of the next property that Pennine Ways neglected to mention at any point.
@@sekayihenry There are two properties. One is a freehold, and that is the one which was advertised on Zoopla, in their auction brochure and in a walkthrough done because there wasn't enough time in the 2.5 days they gave me, to view the property or do a survey or really do anything at all. At no point, in all the whatsapps I had and the emails I had, did they ever mention that the other property was a leasehold, that I would, by dint of living in the other property, be the landlord of the leasehold. Who, by the way, pay a peppercorn rent. They neither mentioned the second property nor the liability therein. They DID send a highly complicated 39 page lease document, which even my solicitor found confusing. At the time of the auction, I didn't HAVE a solicitor. Let's talk about the auction itself. I had to sign a Proxy Form, and one of the staff was going to be my proxy bidder. She told me to put up to £75,000, not negotiable. I did put my phone number on the form to do my own bids by telephone on the day, but this was entirely ignored. She also made herself incommunicado in the auction. 17 minutes later , it turned out she had won the property that I never wanted, at a cost of £70,000 for a guide price of £50,000. Site unseen, due to their 2.5 day schedule.She wanted the Proxy Form a day later, so I got it printed off by a friend,, signed it with her prerequsite £75,000, photographed it and sent it to her.. Had I had more time, I would have read it, but no, she wanted it that day. Then it turned out that the Proxy Form was in fact a legally binding agreement to buy the bloody properties. All of this started because I used the enquiry form on their website to ask a basic question. Obviously, telephone bidding was not acceptable, because she wanted her commission. I then had to pay £10,500 on the day, as the deposit. Not that it had been mentioned prior to that. The auctioneer is not only the founder and current director of the company, he is also related to the proxy bidder who should have been working on my behalf. So the auctiioneer, exchanged contracts, despite misrepresenting the properties by missing out the lease hold property altogether, and not stating the financial liability inherent in taking the advertised property because of the landordship of the other property. Because of this, my position is I will NOT be buying the two properties and will forfeit my deposit instead. Both I and two solicitors have written to their solicitor to say this. Unfortunately, their solicitor has not seen fit to respond to anybody. Pennine Ways Ltd are not to be trusted under any ciricumstances.
@@sekayihenry Let's start with the timeline. 2.5 days. Couldn't view the property advertised due to lack of time. Couldn't do a survey due to lack of time. While I clearly wrote my phone number on the phone bids option for the auction, this was ignored. Instead, the relative of the auctioneer, who happened to be both the founder and current director, insisted on being my proxy bidder. And insisted I put a maximum bid of £75,000. The guide price was £50,000. And while the proxy bidder was incommunicado during the auction, so no way to stop her, she bid the winning bid of £70,000. What they entirely neglected at any time in any way to mention, however, is the OTHER property. That is a leasehold at a peppercorn rent. What they failed to mention was the fact that as the landlord of the leasehold property, I wouldl be required to pay out of my pocket should anything go wrong in their property, and that there were two tenants in that property with a lease of 999 years. Of course, the auctioneer, despite knowing full well that they had missold the property entirely, exchanged the contracts. So they buggered me entirely. However, although their actions have now forced me to part with all the money I have in the world, I will arrange for competent estate agents to value both properties in the first week, and when I know how much they are both worth, I will sell both to a cash for propertie buyer and get shot of the properties I never wanted. The entire balls up happened as a result of making a very basic enquiry, utilising the enquiry form on their website. That resulted, without my permission, being made a bidder. The stupid family member proxy bidder of the auctioneer told me to sign the proxy form, which turned out to be the legally biinding document because the stupid woman bid the highest bid. Furthermore, because I have never bought a property ever, let alone at an auction, I did not have a solicitor at the time, because they never bothered to advise to do so.. The company, Pennine Ways Ltd, based in Cumbria, should be avoided like the plague. They are nothing short of liars and thieves.
Hello, thank you so much for that detailed account of your experiences. I’m also sorry that you had to experience that full stop. What a bunch of A - Holes. I’m just starting out though so a lot of this jargon is new to me for example proxy bidder and lease hold :) From what I took from your message, they roped you into something that you didn’t get a chance to make a fully informed decision on or have legal representation to support you, and they in turn mislead you with a lot of information, and as a result had you legally bound to something you did not want no part in, even though your intentions was just to get an answer for a basic enquiry! F’ me.. That is insane
@@sekayihenry Freehold is you own the land on which a house sits so you own the property outright. A Leasehold is somebody else owns the land and the property. But the lease has been set up. The tenants bought the lease, which is usually 999 years. They pay a minimum of rent, say £10 a month. The owner of the property is their landlord. They are financially responsible for anything that goes wrong in the leaseholders property. A proxy bidder is a person able to attend an auction, who is authorised to bid up to an agreed amount on your behalf. Do NOT agree to a proxy bidder if you can do your own bids by telephone so you have complete control over your money. Ensure, from the very outset that you have a solicitor, and don't sign ANYTHING until the solicitor has looked at all documents and agreed you can sign it. You must never buy anything at auction that you have not personally visited and agreement to purchase must be dependent on a full survey being carried out. Especially if you don't even have a sellers survey. Another thing you should require they provide you with is floor plans and room sizes. Always ask if what is advertised is the complete lot, and that there are no other properties legally attached to their advertised property, or whether there is anything else they have failed to mention in relation to the property you are interested in. Understand that if you win, you will be required to pay for the property by law. The auctioneer will exchange contracts immediately and you will have to immediately pay a huge deposit and the hammer price of 5%. I would never advise anybody to buy at auction.
Hi Jamie, when you buy from auction and submit planning application, this takes around 8 weeks so what do you do in between this waiting time? Not sure if you buy from auction?
Great video - thank you. Assisted sale seems to be my only way forward in the London area as the stamp duty on a purchase is almost the same as the refurb cost.
Been thinking about this too and my budget isn’t high either I.E the video talking about 230k also in the Glasgow area, would be good if you could get back to me and let me know how it went?
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Thats great! There are plenty of video on the channel that can help you get started and guide you through elements you'd like to know more about! Cant wait to hear more about your journey!
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
so this course is just for sell me the course you sell and your real money stream not property flipping :))) I am right? I will find out on the course, sunday, if yu just try to sell me yur course... Also if you get money from course seling, your idea is not legit.
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
I always look at ROI above 20% and it's done me well. 15% is still a decent return.
Even 10% leaves you better off than not doing the project!
Better than you get in the bank!
@@JamieYork for sure Jamie! Love the content keep up the good work buddy
I want to get into properties can someone please guide me
15 percent doesn't seem much with stamp duty and legal fees and some renovation
Fire content Jamie, I'm a huge fan of your video 🙋♂
Out of curiosity, are you currently seeking video editors or a thumbnail designer to enhance your personal brand?
May I send you a previous work sample?
I suppose that rationally so long as you come out of it with a positive cash flow then the project will have been worth doing.
Of course!
The landscaping in this flip really enhances the curb appeal. It's the little things that make a big difference.
They do indeed!
Hi Jamie. Do you need to be CIS registered if you’re doing a flip?
Talking of education, is there any courses on the DIY skills required? I know electrics & loft conversions need more skilled people, but for all the stuff legally allowed to do safely for oneself, is there a kinda jack of all trades flipping course? I know a lot already, but would like to get a bit more polished on plastering, & just get general tips, I didn't have a father to learn off unfortunately!
I would also like to know this
Hi I'm going through a separation at the moment and we are looking to sell our house so we can split the profits and after paying the mortgage, I be left with £80k, how can I start flipping a property with this money?
Hello , I’m 16 and wondering so me and my brother said we will save money up together and after 5 years buy a house and flip it , then repeat then buy a more expensive property after then we eventually start fazing into the rental side to keep a passive income . I am confused on legal bills and the process
Do you not deduct the cost of finance/ mortgage payments along with the stamp duty legal fees refurbishment etc?
Great video Jamie. Could you do a video on how to talk and negotiate with vendors depending who they are like councils, private sellers, legal entities etc and estate agents. Also, it would interesting to hear what are the best strategies when making an offer. It's a bit crazy in Scotland. People are overpaying a lot to secure properties e.g HR £15k sold for £42k.
Thanks
Great suggestion!
Also, how do you estimate the end value after refurb ? Zoopla is not very reliable. There are missing evaluations and the price range is sometimes £20k+
Hey Jamie, just wanted to say I'm a massive fan of your work and I'm learning a lot from your videos. I'm living in Bulgaria right now, moving to the UK in just a couple of months, my question is how would you start? I have around 10k in the bank right now and don't know what to do with it.
I'd educate in myself, get paid for education then look at deal packaging :)
Great video. Would you be able to do one on how to find good reliable tradespeople to carry out the improvements? We have been screwed so many times on renovations, always end up spending 3x what we planned/ Seems good reliable people are like gold dust so would be keen to know how you handle it?
I've done one before but I'll look at doing another just for you :)
hey Jamie, could you make a more in depth video on service accomodation. i know your not a huge fan but i think its a good idea when starting out and can make alot quicker money to help buy your 2nd property etc, then the "set and forget" method if you dont mind putting in the extra time yourself doing all the cleaning etc
I'll make a note!
Should you be doing all the cleaning? Would it not be better planning the next investment or working?
I’m 15 but I haven’t got any knowledge about this what would you recommend if I want to do this in the future
Great video as always! Quick question, can you claim back stamp duty if you flip the property within certain time limits?
Chain break? Yes!
How long does it take to do a deal like this, 6-12 months or longer?
All these "advice" videos have something in common.
The low ball offer to buy is always accepted, a bidding war ensues when selling.
Maybe so!
Education
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RUclipsOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks for sharing Jamie, to flip a property do you need to be CIS registered?
I will appreciate responds from experienced flippers.
No you don't
Iv 15 k credit card limit, in my area property's are on auction from 15k , can I pay cash from my credit card to buy a home
I will make one observation. Do not buy ANY property at Auction. Ever. I have just made this mistake, and as soon as the sale I didn't want goes through, I will be selling it. Along with the landlordship of the next property that Pennine Ways neglected to mention at any point.
Can you go into more detail please? What went wrong when you brought the house at auction
@@sekayihenry There are two properties. One is a freehold, and that is the one which was advertised on Zoopla, in their auction brochure and in a walkthrough done because there wasn't enough time in the 2.5 days they gave me, to view the property or do a survey or really do anything at all. At no point, in all the whatsapps I had and the emails I had, did they ever mention that the other property was a leasehold, that I would, by dint of living in the other property, be the landlord of the leasehold. Who, by the way, pay a peppercorn rent. They neither mentioned the second property nor the liability therein. They DID send a highly complicated 39 page lease document, which even my solicitor found confusing. At the time of the auction, I didn't HAVE a solicitor. Let's talk about the auction itself. I had to sign a Proxy Form, and one of the staff was going to be my proxy bidder. She told me to put up to £75,000, not negotiable. I did put my phone number on the form to do my own bids by telephone on the day, but this was entirely ignored. She also made herself incommunicado in the auction. 17 minutes later , it turned out she had won the property that I never wanted, at a cost of £70,000 for a guide price of £50,000. Site unseen, due to their 2.5 day schedule.She wanted the Proxy Form a day later, so I got it printed off by a friend,, signed it with her prerequsite £75,000, photographed it and sent it to her.. Had I had more time, I would have read it, but no, she wanted it that day. Then it turned out that the Proxy Form was in fact a legally binding agreement to buy the bloody properties. All of this started because I used the enquiry form on their website to ask a basic question. Obviously, telephone bidding was not acceptable, because she wanted her commission. I then had to pay £10,500 on the day, as the deposit. Not that it had been mentioned prior to that. The auctioneer is not only the founder and current director of the company, he is also related to the proxy bidder who should have been working on my behalf. So the auctiioneer, exchanged contracts, despite misrepresenting the properties by missing out the lease hold property altogether, and not stating the financial liability inherent in taking the advertised property because of the landordship of the other property. Because of this, my position is I will NOT be buying the two properties and will forfeit my deposit instead. Both I and two solicitors have written to their solicitor to say this. Unfortunately, their solicitor has not seen fit to respond to anybody. Pennine Ways Ltd are not to be trusted under any ciricumstances.
@@sekayihenry Let's start with the timeline. 2.5 days. Couldn't view the property advertised due to lack of time. Couldn't do a survey due to lack of time. While I clearly wrote my phone number on the phone bids option for the auction, this was ignored. Instead, the relative of the auctioneer, who happened to be both the founder and current director, insisted on being my proxy bidder. And insisted I put a maximum bid of £75,000. The guide price was £50,000. And while the proxy bidder was incommunicado during the auction, so no way to stop her, she bid the winning bid of £70,000. What they entirely neglected at any time in any way to mention, however, is the OTHER property. That is a leasehold at a peppercorn rent. What they failed to mention was the fact that as the landlord of the leasehold property, I wouldl be required to pay out of my pocket should anything go wrong in their property, and that there were two tenants in that property with a lease of 999 years.
Of course, the auctioneer, despite knowing full well that they had missold the property entirely, exchanged the contracts.
So they buggered me entirely. However, although their actions have now forced me to part with all the money I have in the world, I will arrange for competent estate agents to value both properties in the first week, and when I know how much they are both worth, I will sell both to a cash for propertie buyer and get shot of the properties I never wanted. The entire balls up happened as a result of making a very basic enquiry, utilising the enquiry form on their website. That resulted, without my permission, being made a bidder. The stupid family member proxy bidder of the auctioneer told me to sign the proxy form, which turned out to be the legally biinding document because the stupid woman bid the highest bid. Furthermore, because I have never bought a property ever, let alone at an auction, I did not have a solicitor at the time, because they never bothered to advise to do so.. The company, Pennine Ways Ltd, based in Cumbria, should be avoided like the plague. They are nothing short of liars and thieves.
Hello, thank you so much for that detailed account of your experiences. I’m also sorry that you had to experience that full stop. What a bunch of A - Holes. I’m just starting out though so a lot of this jargon is new to me for example proxy bidder and lease hold :)
From what I took from your message, they roped you into something that you didn’t get a chance to make a fully informed decision on or have legal representation to support you, and they in turn mislead you with a lot of information, and as a result had you legally bound to something you did not want no part in, even though your intentions was just to get an answer for a basic enquiry! F’ me.. That is insane
@@sekayihenry Freehold is you own the land on which a house sits so you own the property outright. A Leasehold is somebody else owns the land and the property. But the lease has been set up. The tenants bought the lease, which is usually 999 years. They pay a minimum of rent, say £10 a month. The owner of the property is their landlord. They are financially responsible for anything that goes wrong in the leaseholders property. A proxy bidder is a person able to attend an auction, who is authorised to bid up to an agreed amount on your behalf. Do NOT agree to a proxy bidder if you can do your own bids by telephone so you have complete control over your money. Ensure, from the very outset that you have a solicitor, and don't sign ANYTHING until the solicitor has looked at all documents and agreed you can sign it. You must never buy anything at auction that you have not personally visited and agreement to purchase must be dependent on a full survey being carried out. Especially if you don't even have a sellers survey. Another thing you should require they provide you with is floor plans and room sizes. Always ask if what is advertised is the complete lot, and that there are no other properties legally attached to their advertised property, or whether there is anything else they have failed to mention in relation to the property you are interested in. Understand that if you win, you will be required to pay for the property by law. The auctioneer will exchange contracts immediately and you will have to immediately pay a huge deposit and the hammer price of 5%. I would never advise anybody to buy at auction.
Hi Jamie, when you buy from auction and submit planning application, this takes around 8 weeks so what do you do in between this waiting time? Not sure if you buy from auction?
Thanks! Glad the videos helped you!
@@JamieYork no worries, but I would be grateful if you could help me with my question
how old is this video , how much discount is reqd in a falling market
Great video - thank you. Assisted sale seems to be my only way forward in the London area as the stamp duty on a purchase is almost the same as the refurb cost.
I know people doing a serious amount of money from assisted sales in London
Flipping houses, what about inflation, and under selling your Asset.
Amali
Australia
That's a very good way thank you, Keep up the good content too, Knowledge is power
You are very welcome
My cousin made cash flipping so easy for me, since I started, I never want anything I can’t have😂
Iv wanted to do this since forever, but im looking at houses around 30k in and around glasgow and there isnt much going to get started 😢
Keep an eye out and you'll find your perfect opportunity - think outside the box too
Jesus 30k for an house 😳. That’s a deposit down here 😤.
Been thinking about this too and my budget isn’t high either I.E the video talking about 230k also in the Glasgow area, would be good if you could get back to me and let me know how it went?
Could the bidding war not go terribly wrong?
flipping houses can be challenging . my freind tried it and he didnt like it and lost money .
Yes. So go into more detail about what went wrong please. As that is a bit of a general statement
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Thats great! There are plenty of video on the channel that can help you get started and guide you through elements you'd like to know more about! Cant wait to hear more about your journey!
Why carnt you get a normal mortgage when flipping a house
depends on how long is left on the lease, if its livable etc.
get a mortgage with no erc?
Not always
@@JamieYork what do you mean ?
Why is your ROI 15%
Bricks and mortar worst house in best area all I know at the min hopefully I can expand and put that into practice
EDUCATION
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
👍🏿👍🏿👍🏿
Let's goo!
Can yiu become my real este mentor
After 5 years
Because i am only 15
pop back in 5 years mate and see how your getting on!
@@JamieYork If I come back promise me you will be real estae mentor, adviser, friend, Partner
Mark my words Sir
Great video!
Cheers mate! Glad you enjoyed it!
so this course is just for sell me the course you sell and your real money stream not property flipping :))) I am right? I will find out on the course, sunday, if yu just try to sell me yur course... Also if you get money from course seling, your idea is not legit.
I have a £500k a month property business.
This ain’t a course… it’s after RUclips channel
Anyone looking for flips drop me a message over 40 flips done
Hi Ali how do I contact you?
do you work at McDonalds?
@@alandriver9916 nope have a successful flipping company 👍
@@lubjamenu we post a few bits of content on our Chanel.
Love it!
First 5 seconds put me off this guy.
The 10 mins probs won’t be better 😂
You will not have houses to sell in the future your time is up
This is God’s Land you can’t sell something you don’t own
Okay buddy. Have a nice day
You have no Knowledge 😂
I’m fucked then
What makes you say that? Im curious
Pls stop shouting
Thanks for the feedback 😊
Education
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
EDUCATION
Thanks! Go to bit.ly/aspireeducation and fill in your details! :)
Education
Thanks! Would be great to work together! Head over to www.aspireeducation.co.uk/joinaspireeducation and fill in your details, and a member of my team will be in touch! 😊
Education
Have fun on the call:
www.aspireeducation.co.uk/joinaspireeducation
Education
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Education
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