I appreciate this video to give a balanced view of the realities of rent to rent, but a few things: 1) if you have a commercial lease agreement with a landlord for a set period, then they can't just take their property back without an agreed period of notice; 2) you don't need to go round to the property every time for a viewing or an issue with tenants/repairs. Viewing can be done online if you have videos or a 3d walkthrough of the property. You can have a team of people ready (plumber, electrician etc) and should a repair issue arise then the tenant can simply message you about the issue, send you photos etc and you can then simply contact the relevant person to go round and do repairs. You just need to think this through upfront as to how you can manage everything in the easiest way, from wherever you are. It sounds like you didn't do this.
Thanks Neil! 1) I know the agreements well, and they just don’t hold up very well in court if the landlord gives a couple of months 2) 100% you are right, once you’ve got a great team in place of course. And you’re right I didn’t think it through enough when I was doing it. I’d approach it very differently now of course 😊
I suppose if you can do R2R for a while then package them on the side this is then a good model. Then reinvest funds into BTL etc for capital appreciation. It’s just a low money entry method to get the ball rolling. The investor needs approx 4K for good cash flow as opposed to 30-50k for a BTL up north
Hi Jamie, appreciate the honest video. I would question the deals you are getting though. Each rent to SA should be profiting atleast 1K/month otherwise the management headache isn’t worth it. I would aim for desirable properties in ideal locations- these are always in demand. Also, I would rent the property as a whole and not room by room - less management strain.
Education. Great video, well timed for me as I'm having to decide between starting either in deal packaging or in R2R. Good arguments made for deal packaging. Looking forward to the summit this weekend.
Thanks for your time on this video, I like it. Yes i am looking out to property business with my eyes on Rent to Rent and navigate my way to become an investor, how could this dream come true? am not sure how to get the start up money, also I am somehow sceptic about sourcing, and I don't know why. Am just so cold about it and I can't explain why it so, Please what is the way forward? e
Nobody seems to mention the fact that Rent to Rent is usually against the terms and conditions of the mortgage lenders agreement with the property owner and that contractual breach is a legal matter. If the mortgage lender lend based on a single AST occupancy and the owner is subletting it, that's against the terms and conditions of the mortgage agreement (“The Tenant hereby agrees with the Landlord not to sublet or part with possession of the property.”). If you then subsequently let the rooms on a rent to rent (or other variation) basis, again another breach of the mortgage terms and conditions. If the lender discovers this and calls in the loan this all falls apart very quickly, invalidates insurances oh and if it is discovered you were renting a HMO without appropriate licenses the Council may issue a civil penalty of up to £30,000 or take prosecution action that could result in an unlimited fine upon summary conviction.
What I don't get is, who is buying these packages? is there really that much demand for people who have the money to make the investments, willing to do the majority of the work, but just CBA to find the deals? What am I missing?
@@matth8145 thanks for the reply. that makes sense to an extent, but still the vast majority can be done via the internet and a phone. As for your point on the deal sourcer would buy the deal themselves, I guess that depends on their cash flow situation and personal circumstances
@@alandriver9916 agreed, All I would add to that is that often agents don’t accept offers unless the client (or somebody representing them) has attended a viewing.
I'm looking how doing R2R now due to severe systemic risk of negative equity. Buying property now you have to be a mug, also don't want to be out of the market for 2 years.. so R2R it is. Only thing is I need to get the contract to be solid and will include option to buy in 2 years. Rent2social housing sounds great. Loads of people going on the dole in the coming layoffs. Guaranteed money.
Interesting view on R2RSA Jamie. Looking to take one on shortly. One that we have sourced for an investor of ours. I also have opportunity for social housing with this aswell.
Jamie can you make a video about explaining deal packaging and also the software Nimbus in much more detail please if you don't mind. But once again fantastic videos please keep them coming.
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 for one would never even consider rent for rent or any low cashflow strategy if I was making 200k per month but rather double down on the strategy that is making me the 200k every month
Haha, maybe so… but then that’s the same as almost everything theoretically. I’ve been doing it for 8 years so I think I’ll be okay and move with whatever advances come up
Depends what you want to risk of course. Very high risk on your brand of you get it wrong… AND it’s also the hardest business is property / real estate in my experience
Can you do a video explaining how you’d make your BTL available for DSS/social housing please Jamie. Absolutely love the channel btw..no BS and you actually provide relevant information unlike some of the channels and “mentors” out there. Working my way through your full channel and watched about 75% in the last week 😂 I’ll definitely be booking a trip down to Leeds at some point to hear what you’ve got to say in person 👍🏻 at the start of my journey with things and got a local mentor course booked and cannot wait to get started
Hi, thanks for the always great value of your videos 💥 Could I have an email address please, where I could privately inquire about the deal packaging option? 💫
Not really, you can learn for free from the content I've put out and other people. I do paid for education, it'll give you the tools but you have to be the one to put the hard work in :)
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! 😊
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! 😊
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! 😊
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! 😊
![Do not touch Rent to Rent. I'll explain why. [Stops you being a property millionaire]](http://i.ytimg.com/vi/8FiwOlKXdBQ/mqdefault.jpg)
I appreciate this video to give a balanced view of the realities of rent to rent, but a few things: 1) if you have a commercial lease agreement with a landlord for a set period, then they can't just take their property back without an agreed period of notice; 2) you don't need to go round to the property every time for a viewing or an issue with tenants/repairs. Viewing can be done online if you have videos or a 3d walkthrough of the property. You can have a team of people ready (plumber, electrician etc) and should a repair issue arise then the tenant can simply message you about the issue, send you photos etc and you can then simply contact the relevant person to go round and do repairs. You just need to think this through upfront as to how you can manage everything in the easiest way, from wherever you are. It sounds like you didn't do this.
Thanks Neil!
1) I know the agreements well, and they just don’t hold up very well in court if the landlord gives a couple of months 2) 100% you are right, once you’ve got a great team in place of course. And you’re right I didn’t think it through enough when I was doing it. I’d approach it very differently now of course 😊
Could you do a video on social housing please? I feel like a lot of us could use the information and it sounds very profitable
I suppose if you can do R2R for a while then package them on the side this is then a good model. Then reinvest funds into BTL etc for capital appreciation. It’s just a low money entry method to get the ball rolling. The investor needs approx 4K for good cash flow as opposed to 30-50k for a BTL up north
Just started watching. Great content. One question if possible:
Where do you source your investors when packaging deals?
Thanks
Hi Jamie, appreciate the honest video. I would question the deals you are getting though. Each rent to SA should be profiting atleast 1K/month otherwise the management headache isn’t worth it. I would aim for desirable properties in ideal locations- these are always in demand. Also, I would rent the property as a whole and not room by room - less management strain.
Education. Great video, well timed for me as I'm having to decide between starting either in deal packaging or in R2R. Good arguments made for deal packaging. Looking forward to the summit this weekend.
Thanks for reaching out! Go to bit.ly/aspireeducation and fill in your details :)
EDUCATION
Thanks for your time on this video, I like it. Yes i am looking out to property business with my eyes on Rent to Rent and navigate my way to become an investor, how could this dream come true? am not sure how to get the start up money, also I am somehow sceptic about sourcing, and I don't know why. Am just so cold about it and I can't explain why it so, Please what is the way forward? e
Education, Great content Jamie keep it coming . Looking to learn step by step on deal packaging .
Thanks for reaching out! Go to bit.ly/aspireeducation and fill in your details :)
Nobody seems to mention the fact that Rent to Rent is usually against the terms and conditions of the mortgage lenders agreement with the property owner and that contractual breach is a legal matter.
If the mortgage lender lend based on a single AST occupancy and the owner is subletting it, that's against the terms and conditions of the mortgage agreement (“The Tenant hereby agrees with the Landlord not to sublet or part with possession of the property.”).
If you then subsequently let the rooms on a rent to rent (or other variation) basis, again another breach of the mortgage terms and conditions.
If the lender discovers this and calls in the loan this all falls apart very quickly, invalidates insurances oh and if it is discovered you were renting a HMO without appropriate licenses the Council may issue a civil penalty of up to £30,000 or take prosecution action that could result in an unlimited fine upon summary conviction.
You need to have a word with Samuel Leeds and do your research
Education. We are looking for deal packagers to work full time in our office.
Thanks for reaching out! Go to bit.ly/aspireeducation and fill in your details , look forward to hear the progress!
What I don't get is, who is buying these packages? is there really that much demand for people who have the money to make the investments, willing to do the majority of the work, but just CBA to find the deals? What am I missing?
Big market from clients outside the UK.
But it’s a mugs game, if the deal was good enough the deal sourcer would buy it, not offer it to somebody else
@@matth8145 thanks for the reply.
that makes sense to an extent, but still the vast majority can be done via the internet and a phone.
As for your point on the deal sourcer would buy the deal themselves, I guess that depends on their cash flow situation and personal circumstances
@@alandriver9916 agreed,
All I would add to that is that often agents don’t accept offers unless the client (or somebody representing them) has attended a viewing.
Have you been to any pins. After a while the newbies say this all seems too difficult can you do it for me.
@@matthewhunty pins?
Be careful with social housing providers, latest is caps on rentals in social housing
I'm looking how doing R2R now due to severe systemic risk of negative equity.
Buying property now you have to be a mug, also don't want to be out of the market for 2 years.. so R2R it is.
Only thing is I need to get the contract to be solid and will include option to buy in 2 years.
Rent2social housing sounds great. Loads of people going on the dole in the coming layoffs. Guaranteed money.
Education. Very informative. Thank you.
Thanks for reaching out! Go to bit.ly/aspireeducation and fill in your details :)
Thanks Jamie, another great video 👍🏻
Glad you enjoyed it
Interesting view on R2RSA Jamie. Looking to take one on shortly. One that we have sourced for an investor of ours. I also have opportunity for social housing with this aswell.
Education. Great vid!
Thanks! Would be great to work together! Head over to bit.ly/aspireeducation and fill in your details, and a member of my team will be in touch! 😊
Jamie can you make a video about explaining deal packaging and also the software Nimbus in much more detail please if you don't mind. But once again fantastic videos please keep them coming.
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! 😊
Another great video. Many thanks.
Thanks again!
When you offer an investor a deal, why don’t they just search that property up and go straight to the seller and cut you out?
You would make sure you both sign an Non disclosure and non circumvention agreement so they can’t cut you out the deal legally
I for one would never even consider rent for rent or any low cashflow strategy if I was making 200k per month but rather double down on the strategy that is making me the 200k every month
I found this video quite helpful. Thank u for making it.
Not to mention just eat. They take all the profit from takeaway businesses yet they own non.
education
Have fun on the call:
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Deal packaging is not long term sustainable. As you don't have any asset backing you. Very soon bots will be doing packaging deals,,😀
Haha, maybe so… but then that’s the same as almost everything theoretically. I’ve been doing it for 8 years so I think I’ll be okay and move with whatever advances come up
Selling courses is the least riskiest business opportunity in real estate right now lool i don't blame anyone who does it :-)
Depends what you want to risk of course. Very high risk on your brand of you get it wrong… AND it’s also the hardest business is property / real estate in my experience
Education! .....a bit late out of the blocks..
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Enjoyed this… What percentage of the deals you source on a typical month are rent to rents Jamie?
Around 5% I’d say mate :)
EDUCATION
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Education ! Thanks, plenty of helpful content!
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hi jamie is it safer to rent out to a housing company who guarantee rent?
if so how do I find them im located in Bedfordshire.
I am interested in Education. Can you share the link.
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I'm interested in property trading and flipping
Education please Jamie.
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APG
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Brrr creating extra rooms or an extra flat. In the same space.
Can you do a video explaining how you’d make your BTL available for DSS/social housing please Jamie.
Absolutely love the channel btw..no BS and you actually provide relevant information unlike some of the channels and “mentors” out there.
Working my way through your full channel and watched about 75% in the last week 😂 I’ll definitely be booking a trip down to Leeds at some point to hear what you’ve got to say in person 👍🏻 at the start of my journey with things and got a local mentor course booked and cannot wait to get started
Hi, thanks for the always great value of your videos 💥
Could I have an email address please, where I could privately inquire about the deal packaging option? 💫
Thanks for reaching out! Go to bit.ly/aspireeducation and fill in your details :)
Education:D
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Does rent to rent work in Scotland?
Depends where and I f there is a demand for it
Let me guess to make money i have to pay you money...
Not really, you can learn for free from the content I've put out and other people. I do paid for education, it'll give you the tools but you have to be the one to put the hard work in :)
Comment.
Buy a camper its cheaper!!!
Education!
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Education
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EDUCATION
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Education
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Education
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