Definitely 1 of the most informative vids, I resonant with your buy strategy, other buy,refurb,repackage vids miss the point on being re mortgage at the buy figure. I have £25k cash, but like the idea of a joint venture partner
thank you so much im 22 interested in property investment and for years ive had no clue on what to do or where to start thank you so much for the information
As a 23 year old I'm looking to invest in buying my first buy to rent house. Your videos have been such a great source of information to me. I'm just curious do you use a letting agent or rent the house directly yourself? If so what's the advantages and disadvantages of both
@@bikestunters98 If this is a buy to let you will need a minimum of 25% down. The viability of the mortgage will depend on the rental, and the provider will run a stress test with a slightly larger % than what you're applying for, i.e the mortgage states 5%, they will test for 6%. Napkin math example 100k price, 25k down, 75k mortgage. Interest only repayment about 400-500£/ month. The provider will "stress test" with 550-600£/ month, and if your gross rent is above that, you will probably get that mortgage approved. There's a bunch of steps you can take to make the numbers work. This channel, as well as others, will provide some guidance. Best of luck!
Brilliant video Kevin, and I've just bought several of your books to help me get started. One question though, if you're doing an interest only mortgage (to keep repayments down I presume) the mortgage will never go down (except as a % of the market value), but you state that the rent goes up, the value goes up but the mortgage goes down? Have I missed something?
Awesome collection of informative videos. Can I ask, do you have a special JVP contract? If the property is vacant are you responsible to meet the rental income each month?
Kevin is right. Am an example. I have the capital but no time or interest to find and buy properties myself. I'd be very interested in joint venturing with someone with local area expertise
You don’t pay capital back ? In your numbers, you only talk about the interest, but never capital payments, sorry, I’m from Argentina, and maybe I’m missing something in the way mortgages work in the uk G
Definitely 1 of the most informative vids, I resonant with your buy strategy, other buy,refurb,repackage vids miss the point on being re mortgage at the buy figure. I have £25k cash, but like the idea of a joint venture partner
Pure gems 💎
Excellent, now I got it, I don't have to do the refurbish, just buy a nearly ready house then to let, thanks to clarify this!
thank you so much im 22 interested in property investment and for years ive had no clue on what to do or where to start thank you so much for the information
Hi Kevin.I’ve got a property three bedrooms I would like to rent out as a students and Can I let sitting room as well if I put bed there thanks
As a 23 year old I'm looking to invest in buying my first buy to rent house. Your videos have been such a great source of information to me. I'm just curious do you use a letting agent or rent the house directly yourself? If so what's the advantages and disadvantages of both
Could I just ask roughly how much do you need to get started as I’m also 23 and only just got interested but will need to educate myself more
@@bikestunters98
If this is a buy to let you will need a minimum of 25% down. The viability of the mortgage will depend on the rental, and the provider will run a stress test with a slightly larger % than what you're applying for, i.e the mortgage states 5%, they will test for 6%.
Napkin math example 100k price, 25k down, 75k mortgage.
Interest only repayment about 400-500£/ month.
The provider will "stress test" with 550-600£/ month, and if your gross rent is above that, you will probably get that mortgage approved.
There's a bunch of steps you can take to make the numbers work. This channel, as well as others, will provide some guidance.
Best of luck!
Would this be bought within a limited company?
Brilliant video Kevin, and I've just bought several of your books to help me get started. One question though, if you're doing an interest only mortgage (to keep repayments down I presume) the mortgage will never go down (except as a % of the market value), but you state that the rent goes up, the value goes up but the mortgage goes down? Have I missed something?
Awesome collection of informative videos. Can I ask, do you have a special JVP contract? If the property is vacant are you responsible to meet the rental income each month?
Great advice and information
Do you have any advice when it comes to rent arrears due from students or other tenants that have left without a forwarding address?
Kevin is right. Am an example. I have the capital but no time or interest to find and buy properties myself. I'd be very interested in joint venturing with someone with local area expertise
How do you buy at auctions
You don’t pay capital back ? In your numbers, you only talk about the interest, but never capital payments, sorry, I’m from Argentina, and maybe I’m missing something in the way mortgages work in the uk
G
litteraly I have lost count of the amount of houses I have seen him say he owns, same with all the other people on this channel
This is why you don't give house elves socks
£550 for 2 bed HOUSE? wtf???
London for £550 you can rent a cupboard if you're lucky