As others have said the transparency on this channel is fantastic. It showed that you know what you are talking about and can walk the walk. The research and documents are so professional, and the standard of finish in the property is excellent 👌🏻 must watch more of your videos!
Glad to see you doing so well. It does look hotel like. If possible, go through the process when a tenant leaves. How long is the lease? Cost to get out of the lease? Cost with returning to the original condition? Any problems tenants have had so far with each other? Etc.
Which part of country are you in and where are you developing these properties. I am a keen developer myself and always watch your videos with great interest. You both are very thorough and professional. All the best
I would probably add a 7% of rent as repair & maintenance costs, building insurance, license costs (if) and agent re-let fees, cleaner fees as well as as all the certificates into the cash flow calculator to make it more accurate?
Thank you for providing actual prices and rental income information. It is refreshing to see valuable content instead of clickbait and sales pitches for courses.
Your properties are ALWAYS gorgeous and they do give upscale, hotel-like vibes. Renters must be ecstatic to find these rooms. When you do have your own home, I'm confident it will be magazine-worthy. It's a treat to see how masterful a video performer AK has become. Lia is, of course, as incandescent a screen-presence as ever. I do miss seeing Joel and Lia together even though both are wildly successful on their own and with a different YT partner. ❤❤❤
Omg! How lovely to see you again, hope you're both well. 🙂💛 P. S. Personal bathrooms are the best situation, my cousin has been renting in London, various areas and all were HMOs and in a couple there were sitting rooms, nobody really used so it's definitely not a sacrifice to lose in order to gain an en suite.
You two need to come up with merchandise for this channel. I know it won't be easy. I just thought of something, make a game. My daughter had to make a game when she was in elementary school, and we made a Kate and Ashley game. It was the favorite with the kids. So you can do it🙂
Great job! 👍 I enjoy watching your videos. I learn about property management and purchasing even though I have no plan to buy or sell, I just find the process and the changes to the property and the cost involved information interesting.
Hi, Can you send me a link to place where you got your furniture? 10k for a four bed house seems quite cheap compared with the prices I am looking at now. Thanks in advance!
So guys 4 rooms at 590 is 28320 a year less ten percent 25400 a year. Minus 30 percent bills etc is 15 k a year 150 k mortgage at 4.5 percent is 7 k leaves 8 k cash flow per year £666 a month?? Great videos love watching you guys
FYI chip & Trading 212 offer at these rates, plus with a bit of financial manoeuvring you can probably allocate a fair portion to max out 20k allowances within nuclear families
How is the money left in deal after refinance £41,677? The new mortgage of £150k will pay off the old mortgage of £87,507.75 and equity of £62,492.25 will be released that you would use to reduce your new mortgage. Please clarify.
Its good hmo but cant help but feel depressed at the thought of living/sleeping/eating in a bedroom with X amount of adults. a studio feels better as this home is a bit like a student house. But great for you guys as landlords.
Hi, thank you guys for an amazing video. I have a question about bridging finance if you bridge 75% on a hmo and you pay the reminding deposit of 25%, for the refurb costs can you get a bridge loan on that as well or do you have to seek investors?
I think they meant to say by turning the Lounge into a bedroom the property now become a 4 bedroom instead of the original 3 bedroom property. Meaning it become a bigger/more bedroom property.
Of course you can buy you have to save your money and put your deposit and have mortgage for 35 years my adviceis get some overtime in for 35 years and stop moaning aand blaming every one else. @@monkeypickle4539
Cannot get evan a shed with current prices and cost of living with above average wage and this couple wanted to buy an investment property and ended buying THREE. Easy as going to tesco and buying 3 for price of 2...
This is a great video and excellent detail...although you did get lucky with the rents. In a more realistic scenario your ROI would have been half what it was in your calculator (your rents are a 14% yield on the 200k valuation...the average rental property in the UK pays a 5% yield lol) btw your initial deposit number doesnt look right...Shouldn't it be like £12k higher since the bridge lender deducted like 12k of interest Day1? and ur monthly operating expenses are super high, normally they are like 10-15% of rent
@@PropertyCouple lol making a 16% yield on cost (14% yield on GAV) is most definitely luck. Not something that can be easily replicated If you think a 16% yield on cost is just a normal thing then you really dont know what ur doing lol
What part of the UK is this? I work in property and I know over 50 landlords, not ONE of them is making over 10% return a year. These numbers aren’t making sense
Did you watch the video? These clowns essentially claim 22% yearly yield on investment, but that's based on turnover not profit figures😅😅😅 Apparently thry didn't feel like considering costs would be relevant!
doesnt matter how much it makes per a month, its all about someone else paying the house of and you making the bank, focusing so much on making profit monthly will eventually lead to failure
The small kitchen is a concern for the increased number of bedrooms. The finish is good but not overjoyed by the fact you forgot your tenents need to eat and store there food. You might want to include a small kitchen space in each room in addition to the main kitchen.
To be honest you buy property for 120k plus refurbishment, and rent it out for 28k per year. The yeal is like 22%. The location must be very nice to get a tenant to rent for 28k per year. But nice location properties prices are not 120k even if they need repairs.
As a property developer and landlord myself i can confirm the majority of these figures are 100% made up🤦🏼♂️ they dont factor in half the costs. They dont factor in anything for empty rooms, insurances, breakages, maintenance, cleaning, ext... Also nobodies getting a managed rate of 10% 😂 theyll be lucky to be making £600 a month after costs and fees and could probably make that renting as a full house.
As an RICS residential surveyor myself, these sorts of videos and channels just make me sad. Of course, i understand the concept of dont hate the player hate the game. I know all too well the "game" holds the majority of the blame over many decades for creating conditions in which the "players" can buy up more than 1 property. Surely, though, people can use more creative ways to invest and build wealth rather than taking away homes for potential buyers who are just trying to own their first home. 1 couple needing to own 3 properties. "The numbers" do not add up by this logic.
All thats wrong with the uk property market and mortgage sector represented by one couple , wishing you all the none paying tenants in the future , i believe they should be a limit on how many can be bought to be let out
To be fair, it seems like a whole load of aggro to tie up a large amount of capital, with a large financial exposure to a precarious property market and the vagaries of tenants whom are never consistent, for minimal net gain over, say pure interest that would have been due on the capital invested. It looks great, but it seems you've utterly buried yourself in responsibility for less than exciting alpha.
Only need 25% of your own capital for a BTL property. So 25% of £120k = is £30k. This is then kept inline with the property price and you get the return on rental income. Some see value others don’t 🤙
This is one if reasons why young people struggle to buy their first home. Terrace houses are being bought up as investments. The ugly side of capitalism
It's not as simple as that Mark. It has a lot to do with the post-war rebuild and governments. This article help may give more context: qz.com/167887/germany-has-one-of-the-worlds-lowest-homeownership-rates#:~:text=Only%2043%25%20own%20their%20home,the%20late%201930s%20and%201940s.
@@ty194 my point is simple. The more people that buy second houses as an investment means fewer homes for first time buyers. That cannot be blamed on the government.
@@markgreen5153 Yeah that's the problem, your point is too simple and purposely omits a range of factors just so you can go after the small man trying to get a leg up.
@@PropertyCoupleyou must be renting directly to refugees through council to be obtaining the money you claim , and hmo model is morally bankrupt whatever the profit , all the profits you celebrate because of created circumstance are causing major problems for the poorest areas and people
Why you don't refurb property's for a single family occupancy,?? Pure and simple GREED. Love of money 💰. I have seen in in my area , landlords have decimated beautiful houses on little shacks, charging occupants an arm and a leg just for profit. Is ok running a business and making money, but how much money is enough?? Wrong way to go about it , but who cares now days, for how long the money is flowing, greed has no boundaries. Just a thought from a simple and not greedy man.
Love this. People have become too greedy and too spiteful to care. I’m all for people making money… but some ways I find more morally ethical than others. Landlords today aren’t moral by any standard. Housing has become an asset class for the rich instead of being a fundamental foundation for building families and the future. Not. One. Care. So when the housing market crashes (already is doing) and these house flipping dipsh*ts are locked in?? With debt??? Good luck manipulating your housing portfolios when you’re in mega negative equity 🎉
This doesn't deserve a reply but I can't resist. Here is a young couple who have researched and worked hard to create a business that supplies a proven need. They have gone about it in an ethical and responsible way and have provided some lovely units which even the appraiser recognized as well as their tenants. They clearly did not decimate a beautiful house nor are they out to gouge their tenants. I'm sorry if you have had some unfortunate experiences with landlords but these two certainly do not deserve your scorn.
It's not the landlords you should be blaming. There are simply not enough houses being built in areas where everyone wants to live. This creates a demand which leaves the landlords no choice but to raise the price. If there was not enough demand do you honestly believe the prices would be so high? Everything has a price and the price is usually not wrong.
![Blox Fruits Dragon Rework Update [Full Stream]](http://i.ytimg.com/vi/EqDAp8udhm0/mqdefault.jpg)
As others have said the transparency on this channel is fantastic. It showed that you know what you are talking about and can walk the walk. The research and documents are so professional, and the standard of finish in the property is excellent 👌🏻 must watch more of your videos!
Really refreshing transparency on how much it cost versus the upside. Loving your work!
Thanks so much!
Glad to see you doing so well. It does look hotel like. If possible, go through the process when a tenant leaves. How long is the lease? Cost to get out of the lease? Cost with returning to the original condition? Any problems tenants have had so far with each other? Etc.
Hi Guys just come across your channel, I love your transparency and so informative, amazing work.
You both are doing an excellent job with your investments and this channel! So happy your hard work is paying off! 👏🏻 😊❤
Which part of country are you in and where are you developing these properties.
I am a keen developer myself and always watch your videos with great interest. You both are very thorough and professional. All the best
Again, you guys have an extensive knowledge of the subject, and these videos are always impressive! love it 🙂
This is a great business model if you are okay with interest. It's too bad property prices are so high. But you guys refurbished it so well.
I would probably add a 7% of rent as repair & maintenance costs, building insurance, license costs (if) and agent re-let fees, cleaner fees as well as as all the certificates into the cash flow calculator to make it more accurate?
Thank you for providing actual prices and rental income information. It is refreshing to see valuable content instead of clickbait and sales pitches for courses.
Your properties are ALWAYS gorgeous and they do give upscale, hotel-like vibes. Renters must be ecstatic to find these rooms. When you do have your own home, I'm confident it will be magazine-worthy.
It's a treat to see how masterful a video performer AK has become. Lia is, of course, as incandescent a screen-presence as ever. I do miss seeing Joel and Lia together even though both are wildly successful on their own and with a different YT partner. ❤❤❤
It's so awesome that all your hard work is paying off. Well-deserved for your excellence in renovations and high-quality living for your renters.
Omg! How lovely to see you again, hope you're both well. 🙂💛
P. S. Personal bathrooms are the best situation, my cousin has been renting in London, various areas and all were HMOs and in a couple there were sitting rooms, nobody really used so it's definitely not a sacrifice to lose in order to gain an en suite.
The most important part of the video, which is the location of the property is not even mentioned
Some slum area up North ......
@@lawrencer25 no one is paying over 500 to rent a room up north either
@@activeone they are just full of crap .
I deleted their RUclips channel
@@lawrencer25 most RUclipsrs who promote the highlife tried to suck you in and then they try to send you a course
Not really interested in renovating myself but that house does look beautiful. Well done.
On your last table (bottom right) the receiving rent figure is wrong.
You two need to come up with merchandise for this channel. I know it won't be easy. I just thought of something, make a game. My daughter had to make a game when she was in elementary school, and we made a Kate and Ashley game. It was the favorite with the kids. So you can do it🙂
not everything need merch, these modern day forcing down merch down people throat is just tiring
Great job! 👍 I enjoy watching your videos. I learn about property management and purchasing even though I have no plan to buy or sell, I just find the process and the changes to the property and the cost involved information interesting.
That’s right great job this is hidden slavery
I love what you did to the property. Very nice. I love this video!😊❤
Beautifully done. Both the property, and the video. Love seeing you two on screen together as well.
Great video and deal, well done
Love seeing what you both have done.. beautiful,right out of a magazine.. warm and inviting..
Hi thanks for this vid.
I was wondering what is MOE and how many years was the mortgage?
Hi if you are looking at having a property long term is a repayment mortgage better?
thanks guys. do you rent the property once it's ready or wait until the refinancing - which I understand takes 6 months?
Yes we do. Rent once it’s ready
Which area was the property bought in
Hi, Can you send me a link to place where you got your furniture?
10k for a four bed house seems quite cheap compared with the prices I am looking at now. Thanks in advance!
So guys 4 rooms at 590 is 28320 a year less ten percent 25400 a year. Minus 30 percent bills etc is 15 k a year 150 k mortgage at 4.5 percent is 7 k leaves 8 k cash flow per year £666 a month?? Great videos love watching you guys
pre tax amount.
Tbh better off in a cash isa @ 5.2% when you factor in time management and extraneous costs and of course risks.
What do you think?
FYI chip & Trading 212 offer at these rates, plus with a bit of financial manoeuvring you can probably allocate a fair portion to max out 20k allowances within nuclear families
Hi - would you say its better to rent out a property on a room by room basis or the full property?
It’s at the point where hardly anyone can afford the cost of a whole property
And the utility costs can be claimed back on a HMO?
How is the money left in deal after refinance £41,677? The new mortgage of £150k will pay off the old mortgage of £87,507.75 and equity of £62,492.25 will be released that you would use to reduce your new mortgage. Please clarify.
Loved this video. Very informative and and telling. Would it be worth to exclude bills? What would be the rationale?
Its good hmo but cant help but feel depressed at the thought of living/sleeping/eating in a bedroom with X amount of adults. a studio feels better as this home is a bit like a student house. But great for you guys as landlords.
Hi, thank you guys for an amazing video. I have a question about bridging finance if you bridge 75% on a hmo and you pay the reminding deposit of 25%, for the refurb costs can you get a bridge loan on that as well or do you have to seek investors?
We usually raise the finance for the refurb privately and try to keep all of those costs out of the bridging application
Quality of your HMO is exceptional. Do you need planning permission for those type of conversions?
Where is the location ?
Are you managing the the property yourself ?
They will never tell you
Whats the location?
I deadass that that dude was Ray William Johnson from the thumbnail until I heard him speak
Are you able to share the details of your builder and which area is this property located at please? Thank you
No chance.
It's all bullshit
It says in your excel that you receive rent of 2860... It should be 2354 right? So the correct ROI is 22.7% is that right?
Quick question - how did the other rooms get bigger from turning the living room into a bedroom?
I think they meant to say by turning the Lounge into a bedroom the property now become a 4 bedroom instead of the original 3 bedroom property. Meaning it become a bigger/more bedroom property.
so approx 28k per annum, minus 30 percent. £19600. Whats the monthly mortgage payment, you have left that off? I cant see where you have made 28k ?
Thanks for the content
Is that in Loughborough Albert promenade?
No
You buy 3 properties we cant buy none thats the problem
Can't buy any*
Don't blame others. Be smarter in your life choices
Of course you can buy you have to save your money and put your deposit and have mortgage for 35 years my adviceis get some overtime in for 35 years and stop moaning aand blaming every one else. @@monkeypickle4539
In which city is the property located ?
Cannot get evan a shed with current prices and cost of living with above average wage and this couple wanted to buy an investment property and ended buying THREE. Easy as going to tesco and buying 3 for price of 2...
Why does the rent increase from £2,354 to £2,860 in the mortgage scenario?
I see no mention of stamp duty?
U don’t pay stamp duty on lower price properties
Yes you do lol @@Abc-li1ij
What area?
This is a great video and excellent detail...although you did get lucky with the rents. In a more realistic scenario your ROI would have been half what it was in your calculator (your rents are a 14% yield on the 200k valuation...the average rental property in the UK pays a 5% yield lol)
btw your initial deposit number doesnt look right...Shouldn't it be like £12k higher since the bridge lender deducted like 12k of interest Day1?
and ur monthly operating expenses are super high, normally they are like 10-15% of rent
Not sure I’d call it luck. We didn’t just buy a house and randomly hoped it worked out 😂 it’s almost like we know what we’re doing…..
@@PropertyCouple lol making a 16% yield on cost (14% yield on GAV) is most definitely luck. Not something that can be easily replicated
If you think a 16% yield on cost is just a normal thing then you really dont know what ur doing lol
I would like to have a chat to understand ROI...since I would like to invest
Sure. Drop me an email, follow the link in description to our website
What part of the UK is this? I work in property and I know over 50 landlords, not ONE of them is making over 10% return a year. These numbers aren’t making sense
I will second that. Unless its multiple occupancy which isn't worth the hassle.
@@juliat50 even then
Of course the numbers are not making sense...
It's just bullshit 😊
@@juliat50 it IS a HMO.
Did you watch the video?
These clowns essentially claim 22% yearly yield on investment, but that's based on turnover not profit figures😅😅😅
Apparently thry didn't feel like considering costs would be relevant!
12.7k subscriber 🎉
🎉
Very useful indeed
Glad to hear that
I guess that a half out of £28k it’s a bills to pay
I paying almost £500 a month for a gas and electricity only for a 5bed house
doesnt matter how much it makes per a month, its all about someone else paying the house of and you making the bank, focusing so much on making profit monthly will eventually lead to failure
Are you buying property in personal name or through a Ltd company?
Doesn't really matter if its bullshit 😂😂😂😂😂
@@lawrencer25 what's bs?
Limited Company
@@PropertyCouple how much does the accountant / cost of running the company cost per year?
The small kitchen is a concern for the increased number of bedrooms. The finish is good but not overjoyed by the fact you forgot your tenents need to eat and store there food. You might want to include a small kitchen space in each room in addition to the main kitchen.
What concerns you?
Refinance at £170k come
On guys no one will finance that at £170k if the value is at £170k
It refinanced at 200k
To be honest you buy property for 120k plus refurbishment, and rent it out for 28k per year.
The yeal is like 22%.
The location must be very nice to get a tenant to rent for 28k per year. But nice location properties prices are not 120k even if they need repairs.
Yeah figures don't add up and no way you can make that much on rent. That's almost 2500 gbp a month.
this is a 4 bed HMO
@@PropertyCouple charging that much is reason why people are struggling these days. Don't have my sympathy at all.
As a property developer and landlord myself i can confirm the majority of these figures are 100% made up🤦🏼♂️ they dont factor in half the costs. They dont factor in anything for empty rooms, insurances, breakages, maintenance, cleaning, ext... Also nobodies getting a managed rate of 10% 😂 theyll be lucky to be making £600 a month after costs and fees and could probably make that renting as a full house.
Yay less family homes
Thank you for sharing, great video 😊👍
Could you please share the builder contact number.
Couples who work out together stay together
“They don’t want a living room” brutal af 😂
It won't be a family home but rented to individuals.
As an RICS residential surveyor myself, these sorts of videos and channels just make me sad. Of course, i understand the concept of dont hate the player hate the game. I know all too well the "game" holds the majority of the blame over many decades for creating conditions in which the "players" can buy up more than 1 property.
Surely, though, people can use more creative ways to invest and build wealth rather than taking away homes for potential buyers who are just trying to own their first home.
1 couple needing to own 3 properties. "The numbers" do not add up by this logic.
Hello
Focus on video editing.
It is quite low, edit in good style.
Because it is very important in your video. 🍠
Yes, video editing is definitely low. 🥝
I thought it was edited great 🍆
Dis bruddah Gujarati???
All thats wrong with the uk property market and mortgage sector represented by one couple , wishing you all the none paying tenants in the future , i believe they should be a limit on how many can be bought to be let out
I feel sick. Really glad I emigrated.
To be fair, it seems like a whole load of aggro to tie up a large amount of capital, with a large financial exposure to a precarious property market and the vagaries of tenants whom are never consistent, for minimal net gain over, say pure interest that would have been due on the capital invested. It looks great, but it seems you've utterly buried yourself in responsibility for less than exciting alpha.
Only need 25% of your own capital for a BTL property.
So 25% of £120k = is £30k. This is then kept inline with the property price and you get the return on rental income. Some see value others don’t 🤙
@@NS-kc8hb I can't deny that, but the value people see and what's actually there are often two different things.
@@jacknakamori3280 Well the value would depend on the yield. Which is often worked out prior to purchase 👍
Great job
This is one if reasons why young people struggle to buy their first home. Terrace houses are being bought up as investments. The ugly side of capitalism
It's not as simple as that Mark. It has a lot to do with the post-war rebuild and governments. This article help may give more context: qz.com/167887/germany-has-one-of-the-worlds-lowest-homeownership-rates#:~:text=Only%2043%25%20own%20their%20home,the%20late%201930s%20and%201940s.
@@PropertyCouple stop deflecting. Take responsibility for reducing the supply of homes for first time buyers.
@@markgreen5153Do you want mass immigration or a decent housing supply? Can't have both.
@@ty194 my point is simple. The more people that buy second houses as an investment means fewer homes for first time buyers. That cannot be blamed on the government.
@@markgreen5153 Yeah that's the problem, your point is too simple and purposely omits a range of factors just so you can go after the small man trying to get a leg up.
Pure greed
How?
seriously? doesnt add up.. which property in UK you buy for 116,000k and give a rent of 2.5k a month?
Did you watch the video?
Fake facts and very misleading
How true
Disgusting seeing them buy houses that actual families need. Greed needs to be atopped
Keep crying and stay poor - just because you are doesn’t mean you have to drag hard working people down with you
What a rude comment. People end up living in the house, some people like to rent.
28k a year for 120k investment, absolutely nonesense. Never watch scammers
Doesn't sound like you watched the whole video, otherwise you'd see the numbers breakdown.
@@PropertyCoupleyou must be renting directly to refugees through council to be obtaining the money you claim , and hmo model is morally bankrupt whatever the profit , all the profits you celebrate because of created circumstance are causing major problems for the poorest areas and people
HMO conversions should be banned. I hate seeing single family homes disappear!!!
Haram
Baby?
All your tenants getting ripped off. They should move out. Id rather live in a car than pay those prices for a 150k house..
Come 2030 and it wont
👍❤❤🇧🇩🇧🇩🇧🇩
🤙❤❤🇧🇩🇧🇩🇧🇩
Mugs game. A lot of work for little reward. Learn technical analysis and learn to trade.
Loads of money being earned..
Landlord for over 25+ years , living the dream .
Must admit not good for newish landlords in the last 3 years 😭😭😭😭😭🤦🏽♂️
Will leave that to you 👍
Why you don't refurb property's for a single family occupancy,?? Pure and simple GREED. Love of money 💰. I have seen in in my area , landlords have decimated beautiful houses on little shacks, charging occupants an arm and a leg just for profit. Is ok running a business and making money, but how much money is enough?? Wrong way to go about it , but who cares now days, for how long the money is flowing, greed has no boundaries. Just a thought from a simple and not greedy man.
Love this. People have become too greedy and too spiteful to care. I’m all for people making money… but some ways I find more morally ethical than others. Landlords today aren’t moral by any standard. Housing has become an asset class for the rich instead of being a fundamental foundation for building families and the future. Not. One. Care.
So when the housing market crashes (already is doing) and these house flipping dipsh*ts are locked in?? With debt??? Good luck manipulating your housing portfolios when you’re in mega negative equity 🎉
Shut up you pair of fools
It's vile how normalised rentier profiteering has become. These two sitting here looking smug while ripping people off. Disgusting
This doesn't deserve a reply but I can't resist.
Here is a young couple who have researched and worked hard to create a business that supplies a proven need. They have gone about it in an ethical and responsible way and have provided some lovely units which even the appraiser recognized as well as their tenants.
They clearly did not decimate a beautiful house nor are they out to gouge their tenants. I'm sorry if you have had some unfortunate experiences with landlords but these two certainly do not deserve your scorn.
It's not the landlords you should be blaming. There are simply not enough houses being built in areas where everyone wants to live. This creates a demand which leaves the landlords no choice but to raise the price. If there was not enough demand do you honestly believe the prices would be so high? Everything has a price and the price is usually not wrong.
She’s gorgeous 😊