@@StephenDuncombetv i like the way you talk about the risks and cons related to property investing. A lot of these property educators just talk about how property is easy and risk free. Great stuff!!
I have enough cash in the bank for a deposit of two properties now. As I travel a lot, the main issue for me is having a trustworthy (power) team to do the refurnishing to add value and sell it with a profit as soon as possible. Can I borrow your team to do this?
I had a chance to see his video two days ago, and I am addicted. I am joining the memberships. 😊 Stephen is the right guy, very honest and simple when talking about properties
It is as I don’t know your tax rate. And you only pay tax on profit so you may have other expenses to do with running your business such as travel, accounting fees, etc that you can also deduct. But I’m sure you get the point.
Only on commercial properties plus it’s super expensive so for those starting I out on residential property I recommend and use myself property data as the chrome plug in alone is worth it.
It’s always got to beat the mortgage interest rate (higher than bank rate) and inflation otherwise your money’s not growing. So 6% right now I would keep looking. Remember the price you pay is based on the return you want, not what the seller wants to sell at.
Great tips, well researched and very useful for myself starting out, in the BTL
Thanks for the feedback Edward, it’s appreciated.
Instant click when I saw a new video. I think stephens the best for property investing info on RUclips. Brilliant stuff 👍🏽
Thanks I appreciate that 😀
@@StephenDuncombetv i like the way you talk about the risks and cons related to property investing. A lot of these property educators just talk about how property is easy and risk free. Great stuff!!
The main pic is a pic of princess crescent - edlington - do not buy on that street!
I have enough cash in the bank for a deposit of two properties now. As I travel a lot, the main issue for me is having a trustworthy (power) team to do the refurnishing to add value and sell it with a profit as soon as possible. Can I borrow your team to do this?
I had a chance to see his video two days ago, and I am addicted. I am joining the memberships. 😊
Stephen is the right guy, very honest and simple when talking about properties
Great thanks for the kind words Jay. I see you in fact did join which I do appreciate.
What if you buy non standard construction what should you do
Ideally don’t but non construction! You can not get a mortgage on them.
Cry
It looks like the cocr is excluding tax?
It is as I don’t know your tax rate. And you only pay tax on profit so you may have other expenses to do with running your business such as travel, accounting fees, etc that you can also deduct. But I’m sure you get the point.
@@StephenDuncombetv thanks! Makes sense
Do you use nimbus software to make your analysis?
Only on commercial properties plus it’s super expensive so for those starting I out on residential property I recommend and use myself property data as the chrome plug in alone is worth it.
What would you see as an acceptable return on cash. I work on 6%.
It’s always got to beat the mortgage interest rate (higher than bank rate) and inflation otherwise your money’s not growing. So 6% right now I would keep looking. Remember the price you pay is based on the return you want, not what the seller wants to sell at.
@@StephenDuncombetv Hi Stephen, I have sent you an email.