I spent 40 years doing other peoples houses up, on a wage, it took me 4 years to get rich doing my own houses up, the rents are the job side of btl but the property’s go up in price doubling every 12 years, it helps being a plumber
I am one of those landlords that wants to sell. I have property in Nottingham, Derby, and between Manchester and Leeds and I'm over retirement age. I have no desire to waste my last breath of life (hopefully a good 10 years from now, chasing tradespeople. )
Hi my tax advisor has a company that buys shares and property from retiring landlords to save them money.I know she's looking in and around Leeds DM if interested
I would love to talk to you about a transition plan. With only a portfolio of two, I’d like to pivot fully by acquiring an existing portfolio. @stephengreen8986
Hi, great video thank you. When you talk about the magic million and being a property millionaire, are you reffering to having a million pounds worth of assets or a million pounds worth of equity within the assets?
Bidding war: holy grail for landlords; worst and degrading nightmare for a buyer. While the landlord is excited for having people virtually fighting to buy the property, at least one of the bidders is feeling miserable after losing another home in which they could live a normal life with their family, while the winning bidder is just vomiting their money over the property to... guess what... put it for rent.
Im currently in the process of selling 2 of mine in Liverpool to use the equity and buy 2 larger ones. Thr market is only getting harder but vould be great in the next few years.
You don’t have to pay the capital back on a buy to let loan until you are over 100. As long as the rent pays the interest you can just keep going. If you have an interest only mortgage on your personal home you will need to repay the capital on retirement.
i dont really understand why you didnt mentioned about the interest rate if you buy house as mortgage when you look at long term appreciation value of the property. IF you buy house of 450k and borrow 300k of it at the current rate, let's estimate 4.5% you need to give back 500k back of mortgage, so you like if get reseel your asset next 15. or 25 yrs.. you should get slitly positive equity, in general. If you pay cash then its different ovbsly
I am a first time buyer looking to buy to let. I live in south west london, but I was hoping to buy in nottingham. Will it be a problem as a first time buyer?
Why do flats where i live sell for less today than they did 18 years ago? Houses are significantly higher but flats are lower. Doesn't this disprove the 18 year property cycle?
@@simpso0ns nope. I'm talking real comparisons that are town wide using Rightmove and also new builds from that era compared to now. Yes, some have risen, but some have fallen too 😕
@@LondonLad. Let's compare them - one flat in London for 600k or 10 flats in Blackpool for the same? 1 lot of rent in London might be nice, but 10 rents is definitely always going to be significantly more stable and obviously higher. Now, I don't own 10 at all, but realistically the numbers scale
Check his demeanour and it seems this is a very nice guy. Listen to what he’s saying though, and the scumbag landlord trope is looking very much like reality
