It was good to see future projections to explain the actual long term return based on the properties capital growth. However, how do you (if you do) factor in for long term depreciation of the buildings components eg wiring, kitchen, windows etc as over this time span these will most likely need an update even if done new as part of a refurb (20yrs is a long time) ?
It was good to see that sometimes a deal is a deal at the price set. No need to chase the price down. Once the number have been run of course. Also good choice of property my sister in law lived on that street a few years ago.
Wow I' m just shock someone mentioned expert Mr Jamie York I thought I' m the only one trading with her, She helped me recover what I lost trying to trade my self
also on rightmove keywords are your friend try these "in need of" "renovation" "cash only" "investors" "builders" "would benefit from" "vacant" "subject".
Once again Jamie your inspirational to me and the whole world who's taking an interest in property you have open up my mind and i'm learning a lot from you thanks again keep up the great videos
this is incredibly eye opening - i dont know if you believe in a higher power but you are being rewarded massively for what you do for people, god bless
Great vid. Like you, we grow our portfolio in an area we know well. Local knowledge is key ! ….and very exciting to plug your properties into Lendlord and see what you are aiming to achieve in the coming years.👍😊
Hi Jamie, recently discovered your channel and absolutely love it. I am in the early stages of finding my first buy to let. My question is how do you feel about leasehold vs freehold property as a buy to let? Thanks.
The paisley grove property looks like it has potential to be a HMO, the rooms seem big enough, that would be an interesting one to run through the deal analyser with hmo figures. If it was suitable then it's undervalued.
Hi Jamie. Great videos. My parents have worked hard to build up our savings. We are wanting to get a better return on investment and I suggested buy to let as an investment. Where would you suggest we start doing research into by to let’s? Should I start reading up on mortgages first or would you suggest something else? Need to build foundation knowledge before diving into everything
Thanks for all the advice. Looking to get into real estate to build a future cash flow for retirement. I would really like your opinion on REIT’s and if you think that would also be a good starting point. Especially when keeping them in a stocks and shares ISA to avoid the tax on dividends.
Jamie, top man as always. Much appreciated. Can you make a video about how to find out why Not to buy a property when seeing it on zoopla, rightmove. I mean basic things. For example when you sort properties by "oldest" there can be millions reasons why they don't sell (including the reason you told about agents :))) ), but all other reasons are not obvious at all. Sometimes I see beautiful property, but it's been on the market for over a year. I can't find out why those properties do not sell and they worth my time seeing them. Clearly experts like you can see from a mile which property worth a phone call and which one isn't.
APG Also - If you were to click on the advanced options under the refurb cost would you be able to give the length of time that the refurb would have taken? kind of important because as soon as the property is purchased there's utility costs for the length of time the refurb will take plus the lost revenue from potential rent whilst work is being carried out.
Hey Jamie! Great video as always! I just started my first Ltd, and I'm actually looking into good locations for R2R (SA). Now I know you are not a big fan or R2R(SA), but eitherway do you have any suggestions or tips for good regions for this strategy? Cheers!
I'd be looking at places which have big developments coming, such as Amazon are always trying to build new premises, maybe look at those areas. City centres with a good reputation are always good, Manchester, Leeds, etc
Great video Can you help me to understand please I have to remortgage my property in August 2022. Can I borrow against my equity to invest into buy to let property?
Great video mate. Just stumbled upon your channel. I have a question: Where do you stand on interest-only mortgages and how would this affect the Lendlord analysis?
Search it out. I’ve done a video on this on here 😊 Pretty much all BTL mortgages are interest only and Lendlord analysis reflects this Welcome to the channel. Hope you get some value 😬
@@JamieYork Thanks for the reply man. I've had many chats to my mates in the pub about you so hopefully more subscribers are coming your way. Thanks again.
Thank you Jamie for such comprehensive material. However, I would like to ask for a piece of advice. I am thinking to invest in my first property. To be honest, I`ve already found one with massive potential. Though, there are some issues. Firstly, it is sold by an auction and secondly, the property has been let under a protected tenancy giving the current tenant security for life (protected life tenancy). And now the question, what you personally consider, is it worth it? Much appreciated.
The best thing about property is you get rent and capital appreciation. 1) you're not going to get much rent from that 2) selling with this kind of tenant in situ, or even remortgaging might be very hard. I'd stay clear
Jamie, we have some thing called home report in scotland which gives rough idea of the pitfalls and tentative repairs the property may need and also its potential market value. Even banks accept that value for lending. The sellars have it in hand before advertising . This gives us a good idea how much we can bid for without spending our on getting it valued independently . Is there any equallant of that in england?! Of do we need to waste our money for our own valuation before we bid for one without knowing if we get successful or not?!
Yes it’s different in Scotland (I wish they did that here)! But no, you have get a homebuyers which is the same… but the buyers pays for it. Not the individual
25 year old- bought my first family home for 400k , yearly income of about 60-70k. What's the best way to buy a property to put on rent ? Second mortgage ?
Great video. Thanks. I live in London and want to buy a BTL property in Scotland as that's the only place I can afford to buy. Is it risky leaving it to agents to manage and not having local knowledge? Thanks
I did something very similar, run the numbers called the agent and put an offer on the phone the seller took it badly saying they won't consider offers without buyers seeing the property first...
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
hey I'm looking to purchase my first property in Brighton and currently searching for a good deal, what are your thoughts on the 3 bed properties in this city?
Silly question Jamie, why would having a take away next to the property affect how many lenders will lend? This wasnt even on my radar! Pub intuitively makes a bit more sense. Is it something to do with the odds of a fire in their kitchen or something? Will note the point but good to understand the rationale!
Love how your trying to defend the area then as soon as you say it "those who dont know the area might think it looks rough as assholes" cue people sunbathing on the footpath with sofa cushions at 8:45 🤣🤣
"So bear in mind if there's *anything* to do with takeaways, food, drinking establishments" etc then that could hinder your ability to get lending. Jamie gives so much value on this channel. Don't come down to the comments playing the racism/snowflake/woke cards please 👌
@@JamieYork Thanks. As as risk assessor myself I was more concerned about the risk profiling (from banks) than anything political. I am grateful for the info and am here to learn than anything else…….
I have made over $75000 trading cryptos,l even made a whopping profit of $40000 on my last trade with a capital of $5,725 due to the aid of expert Mr Jamie York
No they don't. The banks also value based on what was paid rather than home report (as there isn't one) in England which is much better than in Scotland where things have been going for up to 10% or more above home report but for LTV purposes the lender will use the home report value! That said HR is handy for identifying pitfalls!
Very informative, although a bit confused, house No2 just buy and let for a very good ROI, no BMV searcing/negotiation or refurb headaches one is expected to do as per house No1, how does that work?
Seems to me like house 1 was a very low key brrr. So depending on how you run the finance could pull a good chunk of your investment out early in the deal to reuse or minimise risk.
I dont like flats, I dont like freehold properties ?? And why don't you like flats? There's no buildings insurance to pay, lots of tenants, lots of choice, fixed maintenance... Ta
I meant to say leasehold properties… mainly because you don’t own the land it’s on and then the costa associated. Service charge maintenance etc… like owning the block
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! 😊
What did you guys think?
It was good to see future projections to explain the actual long term return based on the properties capital growth. However, how do you (if you do) factor in for long term depreciation of the buildings components eg wiring, kitchen, windows etc as over this time span these will most likely need an update even if done new as part of a refurb (20yrs is a long time) ?
It was good to see that sometimes a deal is a deal at the price set. No need to chase the price down. Once the number have been run of course.
Also good choice of property my sister in law lived on that street a few years ago.
good stuff, keen to hear more about why you avoid leaseholds?
Mr Jamie York is legit and her method works like magic I keep on earning every single week with her new strategy
Wow I' m just shock someone mentioned expert Mr Jamie York I thought I' m the only one trading with her, She helped me recover what I lost trying to trade my self
also on rightmove keywords are your friend try these "in need of" "renovation" "cash only" "investors" "builders" "would benefit from" "vacant" "subject".
Great suggestions!
Fantastic video ! Thank you for the detailed explanation on how to actually do the research !
Another great video and awesome content. Perfect example of true return and capital appreciation on property that is overlooked by most people.
Glad you enjoyed it
You just a helpful and honest person in RUclips video's channels I have see,Thank's a lots for your inspiration the you will to give us.
Thanks so much. I really appreciate that! Doing my best 😊
Once again Jamie your inspirational to me and the whole world who's taking an interest in property you have open up my mind and i'm learning a lot from you thanks again keep up the great videos
Thanks Sean!
this is incredibly eye opening - i dont know if you believe in a higher power but you are being rewarded massively for what you do for people, god bless
Jamie this was brilliant so much helpful info. Great channel and info, glad its going so well for you.
Thanks so much!
Excellent explanation! The best property investment RUclips I have ever seen.
Wow, thank you!
Great video Jamie ! Thank you so much
Always top quality thank you for the gems and honesty
My pleasure!
This is great information Jamie. Learnt a few new things, especially about the LHA rates. Looking forward to the video on Social Housing. Thank you
Awesome, thank you!
Absolutely smashed it! Great video
Great vid. Like you, we grow our portfolio in an area we know well. Local knowledge is key ! ….and very exciting to plug your properties into Lendlord and see what you are aiming to achieve in the coming years.👍😊
Absolutely!
Amazing detail Jamie, thank you so..
Very interesting resources, thank you. Keep it up!
Thanks!
Have lendlord for the portfolio but did not know that they had this! Great tool!
You know it!
Hi Jamie, recently discovered your channel and absolutely love it. I am in the early stages of finding my first buy to let. My question is how do you feel about leasehold vs freehold property as a buy to let? Thanks.
Great video Jamie, really informative. Thank you
Thankyou!
Very informative. I live in Leeds so it’s nice to have potential real world examples on your videos.
Love it
Super interesting video, thanks for sharing!
You're welcome!
Great video mate. Very insightful
Glad you think so!
Really enjoyed that, makes a lot of sense APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
The paisley grove property looks like it has potential to be a HMO, the rooms seem big enough, that would be an interesting one to run through the deal analyser with hmo figures. If it was suitable then it's undervalued.
Good point!
Hi Jamie. Great videos. My parents have worked hard to build up our savings. We are wanting to get a better return on investment and I suggested buy to let as an investment. Where would you suggest we start doing research into by to let’s? Should I start reading up on mortgages first or would you suggest something else? Need to build foundation knowledge before diving into everything
great vid and info - cheers
No worries Daz. Glad it’s added some value 😊
Thank you for sharing your knowledge! Its great plus love the "Rough as ar$eholes" you had me cracking up!!
😂💪
Love your videos Jamie. I'm curious what percentage do you think property will rise over the next 5 years.
Great video thanks
Glad you enjoyed it, thanks for watching!
Thanks for all the advice. Looking to get into real estate to build a future cash flow for retirement. I would really like your opinion on REIT’s and if you think that would also be a good starting point. Especially when keeping them in a stocks and shares ISA to avoid the tax on dividends.
Just put the money into a property
Great video 👍🏼
Thanks 👍
Great channel James 👏 👍 thanks
Thanksssss 😊 although, it’s JAMIE! 😛
@@JamieYork loving your channel...keep the good work 👏 🙌 👍
I am new to your channel, full if great info, just looking for my first BTL 👍.
Good luck!
Jamie, top man as always. Much appreciated. Can you make a video about how to find out why Not to buy a property when seeing it on zoopla, rightmove. I mean basic things. For example when you sort properties by "oldest" there can be millions reasons why they don't sell (including the reason you told about agents :))) ), but all other reasons are not obvious at all. Sometimes I see beautiful property, but it's been on the market for over a year. I can't find out why those properties do not sell and they worth my time seeing them. Clearly experts like you can see from a mile which property worth a phone call and which one isn't.
That’s a really interesting one! 100% I’ll add it to my list for you!
APG Also - If you were to click on the advanced options under the refurb cost would you be able to give the length of time that the refurb would have taken? kind of important because as soon as the property is purchased there's utility costs for the length of time the refurb will take plus the lost revenue from potential rent whilst work is being carried out.
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
You'd need to work out those yourself really
Excellent!
Glad you liked it!
Jamie can you do a video on how to buy property, refurbish and sell? How to get finance, review a deal and sale. Thanks, Cherry
Good suggestion!
Thanks, Jamie, I am really learning a lot fro m you. What do you think about investing in Hull?
Hey Jamie!
Great video as always!
I just started my first Ltd, and I'm actually looking into good locations for R2R (SA). Now I know you are not a big fan or R2R(SA), but eitherway do you have any suggestions or tips for good regions for this strategy?
Cheers!
I'd be looking at places which have big developments coming, such as Amazon are always trying to build new premises, maybe look at those areas. City centres with a good reputation are always good, Manchester, Leeds, etc
can you do one for London please ? similar to this one ? Quite informative this is, thanks
You can apply everything I've done to other properties
Heya Jamie,
It is Internal rate of return (IRR) - this is the second video:-)
The 5% tip is spot on… I decide on paper that I’m going to buy it and the actual viewing is just a sense check!
💪 glad you liked it 😊
Great video
Can you help me to understand please
I have to remortgage my property in August 2022.
Can I borrow against my equity to invest into buy to let property?
Great video mate. Just stumbled upon your channel. I have a question: Where do you stand on interest-only mortgages and how would this affect the Lendlord analysis?
Search it out. I’ve done a video on this on here 😊
Pretty much all BTL mortgages are interest only and Lendlord analysis reflects this
Welcome to the channel. Hope you get some value 😬
@@JamieYork Thanks for the reply man. I've had many chats to my mates in the pub about you so hopefully more subscribers are coming your way. Thanks again.
They are terracota colour bathroom tiles Jamie. quite trendy in 2024 lol
Get out 😂
Great video.
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
The video is great. If you choose an area how do you get to know an area what practical things do you do
Glad it was helpful! Thanks for watching!
Thank you Jamie for such comprehensive material. However, I would like to ask for a piece of advice. I am thinking to invest in my first property. To be honest, I`ve already found one with massive potential. Though, there are some issues. Firstly, it is sold by an auction and secondly, the property has been let under a protected tenancy giving the current tenant security for life (protected life tenancy). And now the question, what you personally consider, is it worth it? Much appreciated.
Depends if it is a fixed rent or can you change it? All depends on your goals :)
@@JamieYork Yes, it is a fixed rent of £100 monthly. Personally, I think this is more likely a long term investment.
The best thing about property is you get rent and capital appreciation. 1) you're not going to get much rent from that 2) selling with this kind of tenant in situ, or even remortgaging might be very hard. I'd stay clear
Jamie, we have some thing called home report in scotland which gives rough idea of the pitfalls and tentative repairs the property may need and also its potential market value.
Even banks accept that value for lending. The sellars have it in hand before advertising . This gives us a good idea how much we can bid for without spending our on getting it valued independently . Is there any equallant of that in england?! Of do we need to waste our money for our own valuation before we bid for one without knowing if we get successful or not?!
Yes it’s different in Scotland (I wish they did that here)! But no, you have get a homebuyers which is the same… but the buyers pays for it. Not the individual
Would you recommend leasehold or freehold for buy to rent, and why? Thanks for the comprehensive video.
Frreeeeeeeeehold baby
25 year old- bought my first family home for 400k , yearly income of about 60-70k. What's the best way to buy a property to put on rent ? Second mortgage ?
Great video. Thanks. I live in London and want to buy a BTL property in Scotland as that's the only place I can afford to buy. Is it risky leaving it to agents to manage and not having local knowledge? Thanks
No I buy all over the country!
I did something very similar, run the numbers called the agent and put an offer on the phone the seller took it badly saying they won't consider offers without buyers seeing the property first...
Thats a rubbish estate agent!
APG Thanks
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG thanks
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
How is investment in property in Hull look like? I am interested in investing in Hull of East Riding Yorkshire, I need ideals on what to do thanks
Hi jemi
I wish you can advise me I want refince my b to let property any iead how I can becuse I was away from the market long time
Need properties below market value.
Thank you
Hope you manage to find some!
hey I'm looking to purchase my first property in Brighton and currently searching for a good deal, what are your thoughts on the 3 bed properties in this city?
Yeah they can be good and also SA properties are very good in Brighton
What do you think for right to buy in london??
Silly question Jamie, why would having a take away next to the property affect how many lenders will lend? This wasnt even on my radar! Pub intuitively makes a bit more sense. Is it something to do with the odds of a fire in their kitchen or something? Will note the point but good to understand the rationale!
Yeah there's the higher risk of damages, fires, smells, inconveniences and so on!
Hi Jamie, I wonder, do you offer consultancy services? I’m looking to begin my property portfolio and would rather make as few mistakes as possible.
Hey Paul, I do offer mentoring/training. if you're interested go to bit.ly/aspireeducation
@@JamieYork registered. Thanks Jamie.
Love how your trying to defend the area then as soon as you say it "those who dont know the area might think it looks rough as assholes" cue people sunbathing on the footpath with sofa cushions at 8:45 🤣🤣
This, or Dan's excel sheets from the dungeon?
Well, hard to beat my man Dan tbh. But close call!
haha 8:44 - it looks pretty rough to me!!
Hahaha no ;)
You mentioned Chinese takeaway would be a concern. Would an English Fish and Chip shop be ok? Or a Turkish Kebab shop for that matter?
"So bear in mind if there's *anything* to do with takeaways, food, drinking establishments" etc then that could hinder your ability to get lending.
Jamie gives so much value on this channel. Don't come down to the comments playing the racism/snowflake/woke cards please 👌
A Chinese takeaway is literally called a Chinese take away… but yes a chippy and kebab shop would cause issues also at times 😊
@@JamieYork Thanks. As as risk assessor myself I was more concerned about the risk profiling (from banks) than anything political. I am grateful for the info and am here to learn than anything else…….
I’ve I’ll have 80k in the bank over the next couple of months and would love to get into property to secure my future
I have made over $75000 trading cryptos,l even made a whopping profit of $40000 on my last trade with a capital of $5,725 due to the aid of expert Mr Jamie York
Oh sure➕𝟏𝟕𝟏𝟓𝟔𝟗𝟐𝟕𝟏𝟐𝟎
Here is him number 👆just get connected with him on Whats App and you will give your testimonies just like others
Do properties in England and Wales have to have an independent Home Report like in Scotland?
No they don't. The banks also value based on what was paid rather than home report (as there isn't one) in England which is much better than in Scotland where things have been going for up to 10% or more above home report but for LTV purposes the lender will use the home report value! That said HR is handy for identifying pitfalls!
how does the equity increase if its interest only? is it because your deposit value would increase as the house value increases?
Only if you're refinancing :) as the value increases you don't need to put more money in on your originally finance
It’s Terracotta Jamie! It was the “Grey” of today at the millennium! C’mon!
My baddddddd
@@JamieYork Game Changer 👍
Can you point me at your special discount?
Cheers
Could I ask why no flats? I`m just curious :D
I’m not a big fan of leasehold
Very informative, although a bit confused, house No2 just buy and let for a very good ROI, no BMV searcing/negotiation or refurb headaches one is expected to do as per house No1, how does that work?
Seems to me like house 1 was a very low key brrr. So depending on how you run the finance could pull a good chunk of your investment out early in the deal to reuse or minimise risk.
It didn't hit my criteria
Why having a pub near by, is a issue to get the investment?
Depends on your targets tenant types
Bathroom is coral!
So THAT’S the colour 😉
Ignore my repitition I thought the first attempt vanished:)
hahaha
Excuse my ignorance, but why don’t you like freehold properties? I thought that they are the type of property which you should be looking for?
Sorrryyyyyy. I meant lease hold!
@@JamieYork Ahh right, that makes more sense haha
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
Apg
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
apg
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
Tell us how to finance these deals. Some of us refuse to be controlled by big brother credit ref agency's
Get an investor?... save?... second job?...
5% annual property appreciation? Not sure if that's realistic...
Since it’s been measured, it’s been 7.9% as a long term average
APG please call
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
You do not like freehold?
I’m an idiot… I love freehold… it’s leasehold I don’t like ( I miss-spoke)
APG - be interested in a chat :)
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
Why don't you like freeholds?
I DO like freehold… it’s leaseholds I don’t like
@@JamieYork agreed (unless you're in London where you have no choice) but at 2:48 you say "I don't like freehold properties" :)
IRR = INTERNAL RATE OF RETURN, NOT INITIAL
Ooops! Slip of the tongue there! :)
I dont like flats, I dont like freehold properties ?? And why don't you like flats? There's no buildings insurance to pay, lots of tenants, lots of choice, fixed maintenance... Ta
I meant to say leasehold properties… mainly because you don’t own the land it’s on and then the costa associated. Service charge maintenance etc… like owning the block
@@JamieYork ah ha - thought so, great stuff
"I don't like flats. I don't like freehold properties." ........
I’m sure he meant leasehold
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
Apg
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
apg
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! 😊
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
APG
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)
Apg
Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details :)