I'm a property investor based in Poole with a pretty diverse property business.
Whilst property investment is my core business, I also help new investors build their own property portfolio of buy to let UK based properties, by offering investment property tips here on my RU-vid channel - PLUS - training, mentoring coaching and in particular... my comprehensive online property education program...
www.OnlinePropertyMasterclass.com
Here I teach people how to invest in property... starting with the basics and moving onto some really quite advanced property strategies.
I hope you find my channel helpful and if you would like to find out a little more about how I can help you build your own property portfolio and become financially free, please drop me a line to...
Tony@YourFirstFourHouses.com
I wish you every success moving forwards.
All the very best... Tony Law | Your First Four Houses
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family
@KelvinFabio-u2t However, if you do not have access to a professional like Clementina Abate Russo, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitment
Hi Tony! This video is great! Property ownership verification is crucial and goes beyond just being a formality; it is the foundation of trust among consumers in the real estate industry. Searchbug's Property Records API, focusing on in-depth property insights, is a shining example of how these digital tools can serve real estate professionals. Visit us now.
All good except how do you borrow money for the investment property if your affordability does not reach as far as that. Or how do you use your home as collateral to finance that investment property?
I particularly liked your emphasis on creativity and resourcefulness in real estate investing, such as leveraging your kitchen business to add value to the property. It's a reminder that there are always unique opportunities in the market for those willing to think creatively.
I advise my sellers not to talk to potential buyers. They might say something that would put the buyer off.The buyer should ask the agent these questions, that’s what the agent is there for.
Unfortunately, although the concept is there it is not possible for most. What a lot of people advise is logical, however the MASSIVE elephant in the room and why it’s not possible for most is AFFORDABILITY. You can only lend what your SALARY allows not the value of your HOME. Then ok so you want just a percentage of the equity - enough to start a venture again NOT POSSIBLE for many, as buying a 2nd property to let it will be on your SALARY / AFFORDABILITY not the income from rent or any equity at all, it’s ALL DEPENDANT ON SALARY and this is NEVER mentioned. I had colleagues who done property outside of their jobs because EVERYTIME they wanted to start ANY project the lenders always needed SALARY and AFFORDABILITY so they had to keep their jobs. Wish this was told to people then it can be more realistic. The lender WILL NOT give you more than what your salary / affordability can handle it’s as simple as that. On the UK average wage of £30k you may get around £155k mortgage with a down payment of around 30k. Your property may go up in value but how much will your salary / lending power go up by in the space of 3/5 years? Your property may go up to around 240k in value, but you will still only be able to afford 155 mortgage minus the original mortgage. Hope this helps someone
Yes I agree corner carosel square peg round hole ?? Laminate worktops come in very nice finishes, I hate tiled floors they are very slippery when wet and if it smashes a cup it can also smash your bones ! Lino comes in various colours and patterns (even grass). Most ppl do not know how to change an oven extraxtor from circulate to extractor.
Sorry buddy, I can’t really add anything to the video, but having just watched it all again - everything’s explained in there. Sorry I can’t help further.
Sorry, I know it can be difficult to understand if this is new to you but all the numbers are in there. Can I suggest you rewatch the video a couple of times. It will then (hopefully) all become clear.
@@YourFirstFourHouses Hi! Thanks so much for the reply. Ive watched it a few times now. How come only 45k of the full 120k equity was released? Do you have to leave some equity in the first property? :)
I have buddy, but it seems you just jump over the point of equity release and dont mention why only 45k was released so no matter how many times i watch it i still wont get it because you do not mention why only 45k of equity (120k) was released.@@YourFirstFourHouses
I thought if have the chance to offer/negotiate but my first offer of the asking price then immediately went to a closed last and final offers situation ... because someone conveniently immediately offered a mere £500 more than me on the asking price. I really wanted the property and had no idea really how serious the other buyer was. I was completely unprepared to suddenly be going from first and only person offering to being thrust into a blind auction style bid! I do wonder if the the other offer was at all genuine. I felt i had to go to my max and the figure I wouldnt be upset to be out bid on, which was 10k more than the asking price!! Was I stupid? Is it ever the case that estate agents arent honest about a second offer?
Yes, that’s correct and this is factored into the numbers. If you didn’t follow - can I maybe suggest watching it again? I do appreciate it sounds a bit complicated.
Many thanks for the content, very helpful! Actually, another due diligence tool that could be used is the Crystal Roof area research tool. It has some unique information, like noise nuances and flood risk, that theoretically may affect house prices. Also, it has deprivation and household income sections where area affluence could be analysed. Crystal Roof School's research tool is quite good enough not to spend time on government websites. They represent demographics and crime information in the most convenient way, compared to other websites, in my opinion. Hope that may help
I once read in the sentinel in the 90s Stoke has more derelict buildings than London. The council are afraid of helping because they will have to put peoples taxes up. Outside private investors do there home work and after a while like with the Unity Walk development walk away. Lets hope the 3rd option this Levelling up will start a regeneration with the city, we have 30 years of catching up with other cities. There has been very little new built since the 80s, yes there are druggies and vagrants in every city but the lack of investment is clear to see when you compare to other areas. The Pottery industry declining and the closing of the mines cannot be used as an excuse, other cities main manufacturing went the way of the dodo as well and they found ways Stoke needs to to do the same.
Thanks for the question, but if you’re not sure what I mean by “building rapport” it will be difficult to offer up a helpful response in the few words I could offer here. Of course if you’d really like help with this feel free to book a coaching call and I’ll do my best to help.
If you have literally NO income................................. contrary to what most trainers say - I WOULDN'T suggest you start investing in property.
Can I find out on an address of a property before 1985 in London? like chain of Titles, and Every owner with their signetures when they bought that property?
Have you ever bought investment property abroad Tony and could you do some content if you feel it's something you can comment on (even if it's to say, Don't do it and here's why). I quite like the idea of not having all my eggs in the one UK basket
what would you say is the most percentage below asking price to make a first offer? 10%? especially for a property that’s been on market for over 6 months with no offers and already reduced once.
It’s impossible to say because it depends on a whole bunch of different things. Perhaps I can turn the question around and ask… what price would make this a deal for you? Or better yet… why are you wanting to buy it at all? Cashflow? Added Value? No money left in? etc. etc. Why do you want to buy it?
I’ve noticed a bungalow down a very posh street all the other houses around it are obviously worth a large amount this bungalow is clearly empty you can’t even get to the front door as the bushes ect are so overgrown I’m looking into ways into possibly claiming it if the owner is dead ect any advice from anyone please will be much appreciated?
Hi Jamie… 1. Speak to the neighbours and get the back story on why it’s empty 2. Download the title deeds and see if there’s a different address for the owners. 3. Write to the owners listed on the title deeds. Good luck 😊
@@YourFirstFourHouses okay thank you for the advice. Let’s say I can’t get hold of the owner or the owner has died and I claim adverse possession would I then be able to enter the property without any trouble ?
I made a offer for 630k on a 700k guide price, 4 bed. She rejected my offer and I said give me a counter offer. The agent the told me, she can't make me a counter offer. Then she said, I must must make another offer. I then said, sorry I asked for a counter offer to my original offer. The agent then said she wasn't able to give me a counter offer. Do you have any tips or ideas of what I should do here? I feel like she wants me to keep putting in offers and then she's gonna continue to reject until she hits a thresholds. What would your advice be? My max offer is 650k, but I want the property for less then this as the place needs allot of work.
“Technically” you’re paying each mortgage REGARDLESS of whether they’re tenanted. ………. and in todays market - if you REALLY can’t find a quality tenant I’d be stunned!
