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Buy to let Basics! UK Property Investing for Beginners 

Justin Wilkins
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22 авг 2024

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Комментарии : 54   
@martha255
@martha255 Месяц назад
This is the first video of yours that I've watched! You were so clear, you shared so much information that I already want to watch all the others.
@JustinWilkins
@JustinWilkins Месяц назад
Thanks! really glad to hear it was useful!
@JTMary
@JTMary Месяц назад
Great video, thanks. The idea about interest only for buy to rent is something I did not think about.
@JustinWilkins
@JustinWilkins Месяц назад
Great to hear and good luck 💪
@rudrabarathan2737
@rudrabarathan2737 Месяц назад
As a newby what are the things that should be in place! when do you start viewing? Like a Broker in place, and so on? It is the most Detailed video I ever watched. Many Thanks.
@gacha_islife7111
@gacha_islife7111 4 дня назад
Thank you Justin for this its educating me, studying things hope I can do my first referbish to let with my partners next year.❤
@JustinWilkins
@JustinWilkins 3 дня назад
Pleasure! Glad it was useful and good luck with your future project!
@propertyhero5895
@propertyhero5895 Месяц назад
Basic but well explained and useful! 👏
@JustinWilkins
@JustinWilkins Месяц назад
Exactly the goal, thanks
@sunilhpatel
@sunilhpatel Месяц назад
Great video, scary taking the first step, incase the property is not rented out, or they stop paying rent
@JustinWilkins
@JustinWilkins Месяц назад
Yes completely, I think a lot of people are worried by that. From what I’ve always found, if you buy in a decent investment area and provide a good house, renting it will not be difficult. Demand outstrips supply in most areas!
@LiamR90
@LiamR90 13 дней назад
I'm a Financial Adviser and can say a few of the additional benefits of owning a property through a limited company. - Section 24 as you mentioned. - The property being outside of your estate is great for IHT planning. You can simply change the director in the future. - Pension contributions. Rental income earned in your own name is not relevant UK earnings. So if it's your only source of income your annual allowance would be £2,880. Whereas through a limited company pension contributions are not capped on the salary or dividends you take, so your annual allowance would be £60,000. Plus the pension contributions are an allowance expense, so can be a great way to reduce corporation tax and extract money from the company without paying income tax or dividends. - You are also able to plan your income more effectively. You may choose to leave profits withheld in the company and only take up to your personal allowance or up to £50,270 for example.
@LiamR90
@LiamR90 13 дней назад
A lot of accountants shy away from recommending pensions as an allowable expense. Not because they're against pensions, they know they're great. They shy away because it's not an area they can advise on and can't recommend specific pension providers or portfolios.
@JustinWilkins
@JustinWilkins 13 дней назад
Thanks for these Liam - lots of useful points for other viewers! 💪
@alimonfared
@alimonfared Месяц назад
Great video mate👍 I think every one should do a brr and not by a btl waist of money
@JustinWilkins
@JustinWilkins Месяц назад
Thanks 🤝 I believe a time and a place for BTL for sure, but BRR will allow investors to take their capital further 🔥🔥
@rvp589
@rvp589 8 дней назад
If you refurb yourself.. and self manage.... how do calculate the figure you should pay yourself for doing this.... EG if I have an isa...I invest but its virtually no management...I can still do my 50k a year job... So what would you pay yourself as a monthly income and how does this reflect in you ratios !
@PropertyToolkit-Lottie
@PropertyToolkit-Lottie 8 дней назад
Amazing video Justin. Buy to let is a great strategy for beginners, we are developing a software which compares every property on the open market to show you the properties which have the best rental yield instantly!!!
@unomsyobi5369
@unomsyobi5369 16 дней назад
Great presentation. How easy can it be for foreigners to buy UK properties?
@spencebespokedreams
@spencebespokedreams Месяц назад
Can you please do a video on how to invest 100k correctly and how to find properties
@JustinWilkins
@JustinWilkins Месяц назад
Will add to my list 🫡
@thomaslewis6107
@thomaslewis6107 Месяц назад
Hi great vid, as an newly qualified electrician im looking to start a property company i have around 20k saved up myself and have been scouting some potential btl properties to turn to hmo or 4 bed flats using the brr method, was wondering when the best time is to start the imited company and make the leap, id like to try do most the renovation myself on a weekend and nights as id be working full time aswell but my question to you is when did you go for it and how did you start? thank you :)
@JustinWilkins
@JustinWilkins Месяц назад
Great to hear. Most investors will tell you the best time was yesterday, and the second best time is today … meaning get started asap! The market is constantly moving forward and capital growth is built through ownership and holding onto properties long term. In your position I would do what I can to level up my knowledge, speak to all professionals that I need to prior to get the best structure (accountant, finance broker, solicitor) and then go for it 💪
@thomaslewis6107
@thomaslewis6107 Месяц назад
@@JustinWilkins thank you 😊
@user-pi5of2wi5n
@user-pi5of2wi5n Месяц назад
Amazing man! Are you based In london?
@JustinWilkins
@JustinWilkins Месяц назад
Thanks. Based on the south coast 🤝
@joline2730
@joline2730 Месяц назад
User: You were not listening . . . 🙄
@user-pi5of2wi5n
@user-pi5of2wi5n Месяц назад
@@joline2730John 3:16
@AbdulRahim-cu7y
@AbdulRahim-cu7y Месяц назад
Hey Justin! are you looking for a video editor? let me know, I can help.
@LiamR90
@LiamR90 13 дней назад
The 1 million + isn't an accurate number. How much equity is actually in the portfolio?
@JustinWilkins
@JustinWilkins 13 дней назад
£1m is asset value. Equity is at around 40% of that
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