We bought another house for £65,000 (full tour with price breakdown)

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  • Опубликовано: 29 авг 2021
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Комментарии • 395

  • @TheLuxuryHomeShow
    @TheLuxuryHomeShow  2 года назад +108

    Sorry for low energy and slightly less smiles than usual here, I had done so much driving this week.😅 London one day, south of UK the next then Middlesborough and a few other places around the UK. Anyway we wanted to give you guys a tour before any works started on the property! 🏘️🛠️ Any questions just let us know below!

    • @martinvegas1327
      @martinvegas1327 2 года назад

      Students love Middlesbrough. You can still get houses that cost millions here too!

    • @marcl3763
      @marcl3763 2 года назад

      well done on the new property. your both savvy and hardworking and deserve the success/ will go far!

    • @Isa-cp6uz
      @Isa-cp6uz 2 года назад

      Can you do a tour of the knoll in Nottinghamshire?

    • @ZubairKhan-ll2tj
      @ZubairKhan-ll2tj 2 года назад

      Would you recommend a managing agent in Middlesbrough

    • @Igboticnkechikwulu
      @Igboticnkechikwulu 2 года назад

      Where did you by the property from please thanks.

  • @dogcatdogable
    @dogcatdogable 2 года назад +68

    I think you should do the right thing and paint the rooms instead of listening to that mean spirited agent lol, your tenants will thank you

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад +36

      Yeah after watching the video when editing it we realised it will look so much better all white & refreshed!

    • @biscuitandcream6114
      @biscuitandcream6114 2 года назад +2

      That is so true! ;) happy Tenants happy life

    • @stephenpeacock2627
      @stephenpeacock2627 2 года назад

      You could just paint the green wall white, will take 30 mins and cost less than £10 using decent trade paint.

  • @queenjammy875
    @queenjammy875 2 года назад +67

    Definitely paint some of those walls white if you can x

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ'.

    • @kristinesharp6286
      @kristinesharp6286 2 года назад

      Can renters paint walls..

    • @RobynElms
      @RobynElms 2 года назад +3

      Even if you don’t paint them white, lie and say you will for my peace of mind. Thanks 🙏

  • @NickellesNook
    @NickellesNook 2 года назад +66

    Another one 🔑 well done Matt and Summer. Absolute bargain of a house and it’s really nice too! Just a heads up, I would 100% paint that green bedroom. You will have much happier tenants. Our landlord didn’t redecorate any of the granny decor we have in our house, so we did it all but he had to decrease our monthly rent to compromise. It only cost us around £100 in paint and a few weekends in lockdown, but he’s missed out on £600 a year. Just something to think about. ☺️

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ'.

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

    • @Lyca31
      @Lyca31 2 года назад +1

      Totally agree. That green room looks awful. A nice neutral paint job and it will look lovely.

    • @LeeCount
      @LeeCount 4 месяца назад

      Nothing wrong with the Colour green! Do you really want to live in something that resembles a Giant White Toilet.

  • @HevalAgcaFilms
    @HevalAgcaFilms 2 года назад +38

    You guys are very inspiring. I would love to see the actual physical process of buying a house. How to deal with/approach agencies and such.

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад +1

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I.

    • @sandrawestley4193
      @sandrawestley4193 Год назад +1

      Go view properties, when you find something you like, make an offer, provisionally, until you’ve had a survey done, ask around for a really good solicitor, that’s very important, not one that takes forever to do very little, estate agents are in,the know for the best solicitor, don’t skimp on survey and solicitor and your problems will be solved.

  • @mw7020
    @mw7020 2 года назад +39

    Sad to see this, buying a family home on the cheap then renting it out for the maximum price. This practice prevents local people from owning their own home as landlords get richer.

    • @naomihastings3
      @naomihastings3 2 года назад +10

      I'm a local person to Middlesbrough (and so proud of it, UTB!) and this is my reaction too! Nothing but admiration for the knowledge and drive of this couple, but seriously saddened that the most affordable houses in my hometown are being bought by outsiders as financial assets. Where am I supposed to live if this is okay?

    • @mikebe2090
      @mikebe2090 8 месяцев назад +3

      If they bought this on the cheap then why can’t local people do the same? Or why don’t you do something about this?

    • @LiLi-mt2zs
      @LiLi-mt2zs 5 месяцев назад +1

      High interest rate is the way to prevent that

    • @jcdom3841
      @jcdom3841 5 месяцев назад

      @@naomihastings3what is the crime like in Middlesbrough?

    • @mattharvey9877
      @mattharvey9877 4 месяца назад

      @@mikebe2090thank you 🤣

  • @_Beckaah
    @_Beckaah 2 года назад +11

    Well done to you both! would love to see a talk-through video of all the admin behind running your ltd company (managing the funds on a monthly basis, bank account set up, accounting, how you calculate your ROI, finding agents & management, etc all the "boring stuff"). Thanks for all the transparency, we love it xx

    • @RobynElms
      @RobynElms 2 года назад +1

      Same this would super helpful to know the mortgage companies with lower rates and possibly some good managing agents to get them more work

    • @mattsummer6565
      @mattsummer6565 2 года назад

      TYSM for watching and Commenting. Don't forget to hit the Subscribe button ■
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      Leave a note on:+①⑤⓪⑦⑤⑦⓪③②①③
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  • @ryaneastley3618
    @ryaneastley3618 2 года назад +3

    I’m doing the same things as you guys are, just solo.
    I’ll be sure to keep track of your progress, I’m currently on property 3!

  • @user-de1ht2uu5g
    @user-de1ht2uu5g 2 года назад +1

    great informative video! Just wondering, if you purchase your ‘first’ home through a PLC would that mean you are still entitled to first time buyer benefits when you purchase your first residential home outside of the PLC. I want to buy a property for BTL but wouldn’t want to lose my first time buyer status 😂 as I want to keep building the money in my LISA! Please help if possible!

  • @motivationalecstacy
    @motivationalecstacy 2 года назад +3

    Am always waiting and happy to see such videos you make and you are actually given answers to some of my questions I had about property investments. Keep on guys 👏👏

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ..'

  • @MysticMarble
    @MysticMarble 2 года назад +2

    what happened to the knoll video?one of if not my favourite, was maybe planning to take some inspiration from there too

  • @MrJDH5
    @MrJDH5 2 года назад +46

    Don’t listen to that evil agent, definitely paint it white or off grey or something.

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ..'

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

    • @paulgooding3026
      @paulgooding3026 2 года назад

      Why it will be ruined in about 3 months.

  • @ayuuniadnaan1401
    @ayuuniadnaan1401 2 года назад +1

    Thanks for sharing 👍could you please explain more the map I live london I don't know much outside london

  • @k.s9598
    @k.s9598 2 года назад +4

    Hello, so excited to see what you do with this house!! I have a question... what other areas would you recommend buying a house in that you could refurbish and sell afterwards? Down in London it's so much money here, I need something below £100,000. Please let me know :)

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад +2

      Best thing is to research areas near you, perhaps draw a 10, 25 or 40 or even 100 + mile radius depending on how far you want to travel and set a price limit of £100,000. See how many properties come up, compare ones in bad condition vs good and see if there is money to be made :)

  • @Freelyrics
    @Freelyrics 2 года назад

    Love these straight forward no no sense videos 💯👌

  • @ssemmanda
    @ssemmanda 2 года назад +1

    Please change the kitchen tile back splash

  • @ElizabethKeenan
    @ElizabethKeenan 2 года назад +8

    I'd love to see another sit down video where you guys answer some questions 😊

  • @BikesofRye
    @BikesofRye 2 года назад

    Hey can you recommend the property manager on this please - looking into Middlesborough myself

  • @yoblooddiamonds
    @yoblooddiamonds 2 года назад

    Congrats Matt and Summer :) One thing that would be great to get an understanding of, is how quickly you find tenants for your buy to let properties. Its all well and good to purchase these properties for great prices, but are they relatively easy to fill with tenants? Have you found 3 students for your previous property yet? How long are they generally empty for before tenants move in? I feel like this is would be great info for your viewers!

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

  • @ajm14
    @ajm14 2 года назад

    Which letting agent do you use to manage your property?

  • @popazz1
    @popazz1 2 года назад +7

    Blimey, you've got yourself an absolute bargain there! From my memories of growing up in the Boro the family home I lived in was configured exactly like this,(I had to share the tiny box room with my kid brother, sleeping in bunk beds). My 2 sisters shared the front bedroom and Mam and Dad had the back bedroom overlooking the garden. The miniscule bathroom also housed the airing cupboard with the immersion heater in it and the toilet was downstairs off the kitchen. The property was council owned back then and the rent was about £11 per week,lol. I moved away in 1983. By comparison, my 2 bed housing association flat in a 1960s high rise in Bedford is £114 per week! £60k for what appears to be a more than decently maintained mid terrace with a fairly good sized yard is bloody good going! I'm kinda missing my home town, lol. Well done, guys.

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ..'

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

  • @davidahhh
    @davidahhh 2 года назад +3

    congrats both on your new property👏👏. question... are you guys paying the higher rate of stamp duty....?

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад

      Thanks David! Yes we are. Not ideal but we just work it into our offer

    • @davidahhh
      @davidahhh 2 года назад

      @@TheLuxuryHomeShow 🙏

  • @malterwitty5433
    @malterwitty5433 2 года назад +3

    Congrats! I’d change the radiators and put them under the windows , especially in the living room , maybe it’s just me but I can’t stand radiators just hung on easiest wall. Good luck

    • @user-bg4ny6zu6u
      @user-bg4ny6zu6u 2 года назад +2

      You would lose the heat is best to put on middle walls I think a bigger panel plus radiator be good

    • @malterwitty5433
      @malterwitty5433 2 года назад +1

      @@user-bg4ny6zu6u yea true maybe add, anyhow good seeing them both doing well

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

  • @mehrozalvi6283
    @mehrozalvi6283 2 года назад +2

    Amazing video! Thank you for clarifying you bought through a limited company! What's the management company that you are using, if you don't mind please? X

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

  • @mxlacos5189
    @mxlacos5189 2 года назад +6

    Love the new outro and can't wait to see the renovation guys!

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

  • @Paulhilvert
    @Paulhilvert 2 года назад +3

    Brilliant guys, can’t wait to see how the renovation goes, a very nice property 👏

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

  • @kristinesharp6286
    @kristinesharp6286 2 года назад +6

    Good for you but it’s a shame a person can’t get a mortgage for 65K and buy it and own it living in the property. Or the council buy it and house a family.

    • @mattsummer6565
      @mattsummer6565 2 года назад

      TYSM for watching and Commenting. Don't forget to hit the Subscribe button ■
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  • @helenaduarte9546
    @helenaduarte9546 2 года назад +1

    Hi Matt and Summer, hope you're doing well ! Which city is this one, if you can tell?

  • @tifahmerchant
    @tifahmerchant 2 года назад +3

    Congratulation guys! You both just keep progressing magnificently! Nice investment! I hope that you both have an amazing day :) #peace #love and #light 🤘🏽

  • @tonyjedioftheforest1364
    @tonyjedioftheforest1364 2 года назад +8

    Looks like a nice little house for no money. I live in South Yorkshire and even in a run down area such as this that house would be well over £100K possibly £120K, I know that as a fact as my eldest son is house hunting at the moment.

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I▪︎

    • @pinin1708
      @pinin1708 2 года назад

      some mid;ands area 210k

    • @steelcitydomains2356
      @steelcitydomains2356 2 года назад

      ive a few on my watch list all below or between 60 and 100k what area donny roth sheff barnsley etc?. same username on insra

  • @eliakimjosephsophia4542
    @eliakimjosephsophia4542 Год назад

    Good price, well done.

  • @BaliBrit
    @BaliBrit 2 года назад +5

    Congrats! Thats another great property easy 11% ROI plus capital gains that should be great up there

    • @Chris-nj1mr
      @Chris-nj1mr 2 года назад

      What do you mean re capital gains?

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I-

  • @heidinaladecarvalho148
    @heidinaladecarvalho148 2 года назад +1

    Hi Matt and summer.... love watching your channel it’s very inspirational. I am just wondering how long was the process for you guys? From the date your offer was accepted to the date of key collection?
    I am wondering how long it took you basically. Sometimes it seems like it only takes a short amount of time (1-3 months)
    Thank you so much. Heidi

    • @mattsummer6565
      @mattsummer6565 2 года назад +1

      TYSM for watching and Commenting. Don't forget to hit the Subscribe button ■
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      Leave a note on:+①⑤⓪⑦⑤⑦⓪③②①③
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    • @heidinaladecarvalho148
      @heidinaladecarvalho148 2 года назад

      Although informal. Still worth a try. I respect you taking the time from your busy schedule to reply. Wishing you all the best in your future ventures xx

    • @steelcitydomains2356
      @steelcitydomains2356 2 года назад

      just bought/ buying one here in yorkshire...no chain... week 9 at the moment (probate so taking a little longer) expext to be a further 2 to 3 weeks so id plan 3mths roughly yeah.. aslong as no chaim from the seller

  • @furdiebant
    @furdiebant 2 года назад +1

    Well done both

  • @Ar5had07
    @Ar5had07 2 года назад +12

    Why do you go with Interest Only Mortgage and not the normal one where you own it at the end of the mortgage?

    • @1paris1942
      @1paris1942 2 года назад +2

      Probably because it's better cash flow, but that's just my guess. They might wait three years or so and then refinance it when they can (hopefully) charge a higher rent; then they would be paying down the mortgage and keep their cash flow going nicely. Just my guess.

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ..'

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

    • @Smithb83
      @Smithb83 2 года назад

      Yes cash flow, and inflation is a good thing as a property investor. After 20 years for example the rent will be way higher and the mortgage is about the same still...

  • @richardwarner5491
    @richardwarner5491 2 года назад +1

    Great buy guys , was the mortgage a repayment or endowment type you used ?Keep up the good work .😀

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ..'

  • @ash7722
    @ash7722 Год назад +1

    Would love to see how this turned out guys, if possible?

  • @Masteridea101
    @Masteridea101 2 года назад

    how did you find this property? from which portal ?

  • @jonathan.vicente
    @jonathan.vicente 2 года назад +2

    Conglatulations :)

  • @nataliej8664
    @nataliej8664 2 месяца назад

    Love your videos, especially the travel stuff. Do you have separate bank accounts for each property, or one account that has separate wallets in the banking app to allocate to each property. Would be great if you did a video on managing taxes for the property, and what you can claim back.

  • @hitachismart8539
    @hitachismart8539 2 года назад +1

    Where it is?

  • @adnanlatif1722
    @adnanlatif1722 2 года назад

    Many many congratulations. How do you find these properties through estate agents or bank

    • @mattsummer6565
      @mattsummer6565 2 года назад

      TYSM for watching and Commenting. Don't forget to hit the Subscribe button ■
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      Leave a note on:+①⑤⓪⑦⑤⑦⓪③②①③
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  • @NewCastleIndiana
    @NewCastleIndiana 2 года назад

    Finally affordable. Nice.

  • @ladytlifestylefitness
    @ladytlifestylefitness Год назад

    Well done to you both being so young but having a portfolio. Is this house rented out yet?

  • @katherinehickey6915
    @katherinehickey6915 Год назад

    Hope these Middlesbrough properties are going well for you guys. I know the area. It is a good investment location.

  • @aaronl9379
    @aaronl9379 2 года назад +5

    U always get good deals😁, congrats!!. Great video keep it up always love the content 👍!!.

  • @thomasrabbetts971
    @thomasrabbetts971 2 года назад +12

    Hi Matt and summer, great to watch your videos to get an insight on the buy to let property industry, I’m 20 and looking to purchase my first buy to let but would like to continue purchasing properties and reinvesting, I have £25,000 ready for a deposit on one what would be the best way to get into buying property and still being able to buy more would it be to get one that needs renovation so I could refinance if it increased the properties worth enough so I could use that money for the next one , how would you go about getting the 1st one allowing you to carry on buying more in the future without having to save fully all over again?? Great content !!

    • @rahelreyes5396
      @rahelreyes5396 2 года назад +2

      Yeah this is a really good question

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад +5

      Hi Thomas. Congrats on that deposit, it’s a great start. One option would be to purchase a property that needs work with some of those savings and use the rest of the savings for the refurb work and then as you could either refinance if there is enough money in it or sell to build your cash pot and go on to purchase another property.
      Depending on the property prices in your area you could choose a cheaper area to make your money go further.
      If you are a first time buyer and you can buy a property with a 10% deposit this will allow your money to go further but you will need to be mortgageable for the amount and it will also technically need to be classed as a residential property but you don’t need to live there whilst the works are done you would just live there for a few months after the work is done. You’ll make the most of the fact you won’t pay any stamp duty as a first time buyer either.
      Speak to a mortgage advisor on a free consultation and find out how much you can borrow. Then when you’re looking to buy remember, worst house on the best street is always best.

    • @steelcitydomains2356
      @steelcitydomains2356 2 года назад

      would you be able to live in it for a while? take 2 lodgers in rent out some rooms? help with income and live bill free too... means to an end ... no tax either :)

  • @jdon7685
    @jdon7685 2 года назад

    Can I please ask a question to you two is it Better to rent out or sell??

  • @Ferrari458-u8u
    @Ferrari458-u8u Год назад

    What kind of area is middlesbrough in terms of work opportunity.

  • @avono5330
    @avono5330 2 года назад +1

    As the house is unoccupied are you paying for the interest until you get tenants or payment starts when you get tenants?

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад

      Payments start straight away but we’ll have tenants in the next couple of weeks :)

    • @avono5330
      @avono5330 2 года назад

      @@TheLuxuryHomeShow thanks, one more question. you mentioned that your taking a hands off approach with this house, under management, i assume they find the tennants for you, does that mean if you guys was handling everything youd have to find/vet potentiall tennants?

  • @pauljohnbalbesino
    @pauljohnbalbesino 2 года назад +1

    congrats to your new investment
    Best of Luck

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

  • @Cyapow
    @Cyapow 2 года назад +10

    Since you do interest only mortgage and just let the profit accumulate. Do you ever actually pay off the mortgage or do you just plan to sell when the time comes and take the profit?

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад +12

      No need to pay off mortgage, being able to borrow money at 2 - 3% and make 10% is amazing. Unless interest rates dramatically increase we will continue like this. It’s understanding leverage which is a different way of thinking to most, particularly the older generation who were told to pay everything off :)

    • @Cyapow
      @Cyapow 2 года назад +3

      @@TheLuxuryHomeShow so do you have to remortgage it every so often then? Ive never done interest only so not sure how it works when you come to the end of the loan

    • @kristinesharp6286
      @kristinesharp6286 2 года назад

      @@TheLuxuryHomeShow they are living in the property. Taxes increase over the years to more than the mortgage not having a mortgage does make sense. A paid off home is an investment you live in. But if the market changes it’s a bit risky. I’d hate for your renters to have to suddenly find a place to live if you had to get rid of the property.

    • @jacquigibbons9178
      @jacquigibbons9178 2 года назад

      Interest only means they're not paying off any of the mortgage, i.e, the debt. When they sell it they'll still owe the lender exactly the same amount they borrowed.

    • @Cyapow
      @Cyapow 2 года назад

      @@jacquigibbons9178 yeh I get that. but thats what I'm saying will they never pay it off and keep it interest only? You can pay it off if you pay extra but i have a feeling they don't want that

  • @mariaocampo7240
    @mariaocampo7240 2 года назад

    Awesome! Oh if you guys get one in Bedford I would love to be your tenant! xD For real, I love your channel

    • @mattsummer6565
      @mattsummer6565 2 года назад

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  • @TheWeightlossfastx
    @TheWeightlossfastx 2 года назад +1

    Could you tell your audience and budding buy 2 let investors how you source your properties. Is it at auctions ala "Homes Under The Hammer" or through estate agents or your network of contacts etc.? Thanks...

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад

      This one was through an agent, originally saw the house on Rightmove. We didn’t even know the agent before the viewing. We just invested the time viewing lots of houses in this area before we found the right ones. We also find deals off market by going direct to vendor

    • @TheWeightlossfastx
      @TheWeightlossfastx 2 года назад

      @@TheLuxuryHomeShow Thank You for your response, in other words a good mixture of sources, best way.....👍

  • @Ariel5475ify
    @Ariel5475ify 2 года назад +10

    U two are making big moves innit ‼️

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

  • @Manguadesignz
    @Manguadesignz 2 года назад +1

    Another one haha Dj Khaled vibes! Keep it coming i might start sending you guys creative visual content for you 👀

  • @trinichezvous5070
    @trinichezvous5070 2 года назад +1

    This was definitely a steal of a deal great find

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

    • @trinichezvous5070
      @trinichezvous5070 2 года назад

      @@markjkohler232 ok cool will definitely do so

  • @Dino-qq2jp
    @Dino-qq2jp 2 года назад +3

    You guys are smashing your investment portfolio, how exciting! I also am going to be buying my first investment property and these videos are very helpful - Please keep them coming :)

  • @stanley1198
    @stanley1198 2 года назад

    This may be a stupid question, but do you pay less tax on your profit / income if you buy the property through a limited company?

  • @orkfund
    @orkfund 2 года назад +3

    500 per month rent for 65k is almost 10% ROI. That is almost double the average. That's fantastic - how did you get such a good deal since home valuations are typically derived from rental income ?

    • @paulgooding3026
      @paulgooding3026 2 года назад +1

      Because the area is a hell hole.

    • @orkfund
      @orkfund 2 года назад +1

      Hella hole - then why is the rent so high? I also want to invest in this hella hole if its liquid and price is non volatile:)

    • @paulgooding3026
      @paulgooding3026 2 года назад +4

      @@orkfund you would forever be throwing money at it, I live in the North east and seeing people investing in these property’s is comical. The price of the property is pushed up because people from the South of England can’t believe you can buy a property for this price. The bubble will burst one day and it won’t be worth half. It was only a few years ago that house could be picked up for around £25k. Research Middlesbrough and it shows how deprived the area is, also I find £500 a month to be taken with a pinch of salt. Non working tenants on Universal credit is your clientele. As the agent says not to bother decorating or changing carpets, there’s a reason why they’re saying that, it’s because they know the tenant won’t look after the house.

    • @orkfund
      @orkfund 2 года назад

      @@paulgooding3026 I see what you are saying. I appreciate the insight Paul.

    • @steelcitydomains2356
      @steelcitydomains2356 2 года назад

      @@orkfund pretty consistent.. has its rough post codes but thoae at 40 to 50k lol.. the right street and the uni etc nearby id have gone 3bed hmo / share possibly also not checked but if you could grt grants if they have been empty a while and you can sit on it a while then it opens up a lot of avenues so to speak :)

  • @Therealltaken10
    @Therealltaken10 2 года назад

    WHy don't you look at buying commercial property and use permitted development to turn them into flats, seen as commercial sq footage is cheaper than residential price per sq foot

  • @scottandrews676
    @scottandrews676 2 года назад +1

    Hey guys, love these property videos.
    I have just recently completed on my first investment property. A 5 bed HMO in Swansea. I am a simular age to you guys, and this has been soooo stressful! You guys always look so stress free, maybe that comes with experience.
    Keep up the good work 👏

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад +1

      Hey Scott, congratulations! 🏘 Trust us, there is still some stress involved for sure! I will say though the most stressful time is often the first property as you want it so bad. Then as it becomes more normal it should get better 😁

    • @scottandrews676
      @scottandrews676 2 года назад

      @@TheLuxuryHomeShow thank you! I hope so! Many more to come hopefully

  • @Boss44644
    @Boss44644 Месяц назад

    What area is the house?

  • @user-og6hm2fv4n
    @user-og6hm2fv4n 2 года назад +27

    £65k for that is an absolute steal. Congratulations guys!! All the best on the renovation

  • @paulgooding3026
    @paulgooding3026 2 года назад +10

    Respect for investing into property, however.
    £65000 houses in Middlesbrough only attract the one type of tenants, bad ones. More and more investors from the South are investing in the worst parts of the North, as your video shows. It will only end in tears I’m afraid.

    • @carforumwanker
      @carforumwanker 2 года назад

      100% this ...shit quality people .Good luck getting the rent and them keeping the property in good order .Also using management to look after stuff is a silly move .

    • @thehungrygoldfish
      @thehungrygoldfish 2 года назад +2

      What do you suggest then? Buying a ten million dollar mansion in Kensington? lol

    • @paulgooding3026
      @paulgooding3026 2 года назад +1

      @@thehungrygoldfish if you want to forever chasing rent and forever ploughing money into it when they wreck it full your boots. You might get luck and get the cannabis growers in it, at least they pay the rent up front.

    • @paulgooding3026
      @paulgooding3026 2 года назад

      @@carforumwanker exactly, these people ploughing money into the north east make me laugh. I live here and seeing the price they’re paying for houses like this is comical. This one for a start at £65k, it was lucky to break £20k a few years ago. Like I said earlier once the market busts there will be some serious tears.

    • @carforumwanker
      @carforumwanker 2 года назад

      @@paulgooding3026 I think the couple are too "Life style " and its not going to work out for them. Classic example of he wants to "Flex" and she thinks she is "special" . Its going to sink fast

  • @cliffwright1970
    @cliffwright1970 2 года назад +2

    Good work - looks a great buy that one. 👍

  • @ovidiuulici3007
    @ovidiuulici3007 2 года назад +3

    Hi, the first house you bought in the same city did you think you would rent it for £ 350 per room and this one for 550 for the whole house?

    • @minarose2019
      @minarose2019 2 года назад

      Bills are normally included in the room only ones

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад +3

      Yes, first one a student let. Second one is to far from the Uni for a student let. Two different markets both have positive and negatives 😁

    • @ovidiuulici3007
      @ovidiuulici3007 2 года назад

      Thanks

    • @user-cf6et7jr2u
      @user-cf6et7jr2u 2 года назад

      Hi Matt and Summer. This is a great video - can you let me know who your
      mortgage broker is? I’m struggling to find a decent one whose knowledgable about limited company mortgages. Many Thanks

  • @richjohn9356
    @richjohn9356 2 года назад +1

    Why would you not pay capital and interest ? Is it not safer and better in the long term, especially as interest rates are so low ?

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад +1

      Repayment mortgages (capital and interest) are also a good idea too. We have properties on repayment too. It can depend what you’re going to do with that extra money each month. For us we reinvest it all which makes us more than if we paid the capital back. If we can borrow money from the bank at 3% interest and make 8 - 10% it makes more sense to borrow more and invest the difference rather than rush to pay it back. Hope that makes sense, hard to explain completely in a comment :)

    • @richjohn9356
      @richjohn9356 2 года назад

      @@TheLuxuryHomeShow Hi, My family and I just moved to Marbella. I am actually in property also and always sought the life you also seek, luckily i have achieved it.
      I am a member of the Puente Romano owners club and think you would like it, therefore if you would like breakfast or a coffee, its on me ). I can show you around here, its really cool, u will like.Also I know the mgrs in Panorama and Engel n Volkers, if you would like to view properties. Rgds Rich

  • @skeennah1927
    @skeennah1927 2 года назад +1

    65K great property

  • @user-cf6ou6iv8n
    @user-cf6ou6iv8n Год назад

    Location please

  • @beauli5011
    @beauli5011 2 года назад +1

    We live in exact same house in London and it costs more than half million to buy

    • @mattsummer6565
      @mattsummer6565 2 года назад

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  • @Lot-4656
    @Lot-4656 2 года назад

    Brilliant.

    • @mattsummer6565
      @mattsummer6565 2 года назад

      TYSM for watching and Commenting. Don't forget to hit the Subscribe button ■
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  • @zhanetamiteva6673
    @zhanetamiteva6673 2 года назад +3

    Hi Matt & Summer, great video as always! Could you please tell us if you secure your IO mortgages with banks through your limited company or you use other type of lenders? Thanks for sharing 🙂

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад +1

      Thank you! We don’t use the same bank for every deal, depends on what they can offer and we’ll choose the best one. But yes interest only through our limited company 😁

    • @zhanetamiteva6673
      @zhanetamiteva6673 2 года назад

      Thank you for the quick reply 🙂

  • @Thedancercatie
    @Thedancercatie 2 года назад +2

    Wow. Congrats guys. Here in Auckland, NZ, the average house price in my city is $1 million. I would LOVE to climb onto the property ladder, but I may have to move first!

  • @dougchinn2820
    @dougchinn2820 2 года назад +1

    Congratulations on another property. Looks like a fantastic buy. Just a few cosmetic fixes. Pure cash flow.

  • @Anewsandgossip
    @Anewsandgossip 2 года назад +1

    Hello I would love to buy a property that price too!! Can I have the agent please and I can also invest in buy to let. Thank you

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

    • @Anewsandgossip
      @Anewsandgossip 2 года назад

      @@markjkohler232 fake !!!!

  • @Seanshushu
    @Seanshushu 2 года назад

    Good job

    • @mattsummer6565
      @mattsummer6565 2 года назад

      TYSM for watching and Commenting. Don't forget to hit the Subscribe button ■
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  • @mianmoeenahmad7985
    @mianmoeenahmad7985 2 года назад

    Which city

  • @Matt.98
    @Matt.98 2 года назад +6

    Carpet in the bathroom🤯🤢
    Yes, please guys take it away!

  • @aizahussain61
    @aizahussain61 2 года назад

    Can u do a house or flat in basalheath

  • @ea-fo8pm
    @ea-fo8pm 2 года назад

    So cheap, in the netherlands house prices are crazy.

  • @lakshmikopparapu2926
    @lakshmikopparapu2926 2 года назад

    what is the location of this property. Please share that in the video for slef analysing more.

    • @mattsummer6565
      @mattsummer6565 2 года назад

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    • @thehungrygoldfish
      @thehungrygoldfish 2 года назад

      He literally said it right in the beginning, lol.

  • @Scwibbles
    @Scwibbles 2 года назад +30

    Congrats! Can’t believe how different the house prices are around the U.K., in the south that could easily be anywhere from £250k-£450k and rent would be in the thousands haha!! Great video as always :)

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад +5

      Thank you :) I know right, great to see the variety

    • @rayssamz8386
      @rayssamz8386 2 года назад +3

      Yes, but the resale price goes up accordingly. This house will probably sell for only £80-90k in 20 years. Also, rent here would be just a few hundred.

    • @Scwibbles
      @Scwibbles 2 года назад +1

      @@rayssamz8386 yes that’s also true - it’s just crazy how the same house if you were to drop it in another piece of land in the U.K. can change the price so drastically

    • @paulbhogal
      @paulbhogal 2 года назад

      London is a bubble to burst !!

  • @abhimanyu.m.bsmadness1639
    @abhimanyu.m.bsmadness1639 2 года назад +1

    If I buy a house in UK I will call you to check it's quality before the agreement. Will you come?

    • @markjkohler232
      @markjkohler232 2 года назад +1

      нιτ мє υρ νια ωнατѕαρρ'.

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

  • @s.m1970
    @s.m1970 6 месяцев назад +1

    How did you buy it for so cheap ?

    • @Boss44644
      @Boss44644 Месяц назад

      Have relations is a little mafia in this industry bag very cheap and saling very expensive

  • @ryanmoore2335
    @ryanmoore2335 2 года назад +1

    One of the nicest kitchens I've seen in a U.K. terraced house

  • @mrmountain7590
    @mrmountain7590 2 года назад +5

    You're inspiring us youngsters to work hard and save money getting onto the property ladder is challenging but achievable good work guys. Love your videos so wish you both the very best for your next adventure.

  • @hennahussain8025
    @hennahussain8025 2 года назад

    hi welcome to middlesbrough

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

  • @jcgolivelife
    @jcgolivelife 2 года назад

    18% ROI which is quite good!

    • @mattsummer6565
      @mattsummer6565 2 года назад

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  • @minah.
    @minah. 2 года назад +9

    congrats! love watching your property portfolio grow 🙌🏽

  • @dianex4501
    @dianex4501 2 года назад +1

    I'm from Middlesbrough!!! Whooop

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

  • @oze.o9128
    @oze.o9128 2 года назад +3

    Only 65k wow! 🤩 Silly question but is that rent £500 per room or £500 for the whole property? Also what would you say is the best site/agent to find a place like this please?

    • @husnainshah443
      @husnainshah443 2 года назад +1

      It's a single BTL so yes £500 for the whole house

    • @oze.o9128
      @oze.o9128 2 года назад

      Oh okay thanks!😁

    • @markjkohler232
      @markjkohler232 2 года назад

      нιτ мє υρ νια ωнατѕαρρ

    • @markjkohler232
      @markjkohler232 2 года назад

      +I1I I8I I1I I4I I3I I1I I8I I7I I4I I2I I3I^

    • @garden-needs
      @garden-needs 2 года назад

      Dream on 500 per room 😂

  • @sinagamer4735
    @sinagamer4735 2 года назад +1

    Great 😍👌🏻

  • @tri0tran
    @tri0tran 2 года назад

    Wow didn't think you could get an interest free mortgage these days.

  • @benediqt
    @benediqt 2 года назад

    Hi, is your management agent in the Middlesbrough area any good? If so, could you please give me their details? Many thanks

  • @michaelkolawolesharp
    @michaelkolawolesharp 2 года назад +3

    Hi both, do you pay management fees for your properties in the Midlands too? Were you ever concerned about it eating into your profit margins? Also have you always been using the ltd company to purchase your rentals? Thanks!

    • @TheLuxuryHomeShow
      @TheLuxuryHomeShow  2 года назад

      Yeah they all charge a fee, not worried as we always take the agents fees into consideration when looking at a property purchase to make sure the numbers add up and it’s worth it. Our first few properties were not in a limited company it’s only as our knowledge has progressed we now use one

  • @zir786
    @zir786 2 года назад

    where in Middlesbrough is this?

    • @mattsummer6565
      @mattsummer6565 2 года назад

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  • @Boss44644
    @Boss44644 Месяц назад

    How come you buy it so cheap and on the websites you put it at triple the price?

  • @stephenpeacock2627
    @stephenpeacock2627 2 года назад

    That’s nuts, £65k. A little bit more than a decent car

  • @RetroMasters1977
    @RetroMasters1977 5 месяцев назад

    £65,000 is very cheap but who wants to move to middlesbrough its rough as hell, rent is cheap as well £500 a month

    • @thehungrygoldfish
      @thehungrygoldfish 2 месяца назад

      Well, duh lol. What did you expect for 65k? A mansion in Central Lindon? lol