BRR or BTL? Which is WORTH INVESTING in? | BUY REFURBISH REFINANCE or BUY TO LET? 

If you got a reliable team of contractors, or yourself are one, go for BRR. If you starting up and don't have the know how or the time, go for the safer turn key. And like you said, the market isn't there for BRR atm so you adjust. Not everyone can buy 20 properties with 100k, some did and that changed the market. Like you said, if you buy one or two and need to wait a few years to buy your third, it's still a boss move. Don't get greedy, do it smart and slow. Keep your job and look t property as your pension plan (hopefully you'll be able to retire earlier)

I just got my first deal today, BRRR - Buy, Refurbish, Refinance then Rent

Thanks for the great content. For me, it is BTL all the way! BRR is not an option for me because I have a full-time job. I don't have enough time to manage a project.

I've done 2 BTL so now it's time to do BRR

Love your channel Jamie, I've done the usual refurb refinance before and I've pulled equity out 4 years later right on last years peak, just sitting patiently monitoring a few potential buys. Going forward im looking for under the radar areas that are untapped with great ROI in terms of future growth and high good rent yields and have been on market a while. Purely this time on a turn key and also going for more modern energy rating C homes so even less headache for the future. All mine are interest free so all funds going into saving deposit pot for next, keeping it simple and stress free. Im looking at going forward in future, committing a few to refinance every 5 years if the Capital growth will hopefully be there each one taking it turns yearly and just loading up on the stocks shares ISA creating a massive snowball effect. When the markets are having a good bull run simply skim off the top and buy another turn key investment, gets easier. Mind you ill prob be knocking at my grave by the time this happens 😅

I’d be happy with B at the minute. Not being able to buy & renovate, fully in cash, is meaning that everything we’re looking at is being snapped by investors who haven’t got to factor in the cost of finance. Sooo frustrating.

Another excellent video! Keep them coming! Pertinent topic and eloquent delivery every time 👍

Clear as a whistle! "Go back and watch that part again 😃". I did 🤣.

Both. While currently doing BRR I'd be happy with some solid BTL in the right areas

BTL. Consider them much simpler and not in any rush to grow my wealth.

Hi Jamie, thanks for all the knowledges you give in your videos . But In this current market, there is rarely to make 37.5k equity by a quick 20k flip. The price for those bad condition houses already gone to the roof😂

Thank you soooo much, Jamie, you are one of, if not thee BEST!

The problem is that lenders are reluctant to give 75% LTV. It will be “75% LTV or 75% Loan to Cost, whichever is the lower”, even if considerable time has passed since the refurb.

Nice one Jamie. With BRR wouldn't it be best to finance the whole project by cash. Joint venture finance? I.e use someone else's money. Finding investors is the difficult thing. And having the knowledge to present a project properly so that an investor will actually invest

Great video Jamie. Thank you

Jamie - different topic. What’s the scenario in a massive crash? Is it that why you aim for 9% yield on rent; to be able to take the hit on interest rate increases? What if interest rates balloon to 18% like they did in the 90s? Cheers mate - love the content

Love you man😍

i think it depends where and how you get the deals, not just rightmove or auctions etc...

Btl !

In theory, if a person had around 100k. Put 25k into their own home (interest only mortgage) would they then be allowed to buy another 3 100k properties on BTL interest only, (assuming they had an income and enough to pay fee’s) or would the bank want you to own more of your home property?

BRR all the way for me, mainly because I love getting my hands dirty!

Hi Jamie, I appreciate your time and effort in helping us all. What do I need to look out for when choosing a good broker?

Hi Jamie, u spoke on earlier videos about a £25k min salary, mines around the 40k mark with the majority from dividends, so I’m guessing as long as it’s on your SA302, that’s the figure a lender would look at! Also do you have any contacts on the Lincolnshire area or refurb teams you recommend in certain parts of the country! I have the opportunity to buy a 3 bed terrace for £48k, ceiling sale price of around the £80k mark, needs a full refurb but I’m thinking it’s a steal! What’s the minimum mortgage you can get when buying through a limited company! Lot of questions I know but appreciate anyone’s feedback! Thanks In advance

Hi Jamie am looking for property’s to BTL and someone has came to me asking for a BTL.and are ready to move in ASAP.So rather than looking for one in the market were it needs a bit of work to it look for someone with minimal refurb and ready to move in thanks again 👍🏻

You mention that when you refinance that the cash is to keep. I'm not quite yet at the stage of a refinance, although will be very soon. When you apply for a new mortgage for the purpose of a refinance, are you restricted on what you can spend the cash on when it hits the bank? Isn't there a set criteria on what you can spend the money on, such as home improvements, consolidation of debt and buy to let's?

Hi Jamie, What mic do you use for your YT videos? Thanks.

When Jamie says 'your cash', does he mean that this is part of the cash you initially spent when you bought & refurbed the property i.e. £15,500 of the £28,000 spent? Correct?

BTL all the way.

BRR - Jamie, i was suppose to have a meeting with Toyan last week but it never happened?......Help

never seen anyone write 5 like that

Btl vanilla

BRR

👍

Wouldn’t you have to take into account corporation tax or capital gains tax, if you was to buy refurb then sell to release the capital?

brr

Don't know why I watch every single video, I am so far from being able buy a proerty..

I have a question, say I have a 2 bed terrace, and I do a loft conversion, this is turn to a 3 bed, I know I can get am extra £50/100 on rental income a month, but would it add value to the property, so I can then refinance it and take my money out

Well yes and no Jamie. In real life is a bit more difficult. The way valuation works- lender still asking to backup and show what you actually spent on refurbishment and why property price is now higher. Also for BRR you have to include expenses for council tax, bills, time wasted till refurb achieved. And after BRR- your instalments will be higher - so that is important, you will get more money out, but as end result- it still a loan and you have to pay for it. I would recommend at least wait 2 years before refinancing it. Also if you switching Lender- you would be facing extra cost (recently that extra cost for me was around 2.5k moving from Precise to TML).

So your saying if possible due to your cash flow income, your currently buying good cash flowing BTL properties that require minimum work with a 75% mortgage, and leaving the deposit in but will refinance in maybe 2 years down the line.

Presumably this is all pre tax?

Bbbbbbrrrrrrrrrrrr (sound) (playing your mouth) 😂😂😂