APG Hi Jamie At 67 i am a bit late to the party but my plan would be to build something for my kids,so they can take it on and build on it. I only have about 30 k cash and a flat thats paid for worth about 140 k plus but I am still running my own business so hopefully things will continue to improve. The content of your channel has inspired me to go for it .Great stuff so informative without pressure sales .I take my hat of to you , You are an inspiration to all those that what to improve themselves.
APG. I'm getting a lot of information from your videos Jamie, thank you. Currently saving, limiting outgoings/working harder for first btl. I'm fortunate enough to live in WF14 and looking to invest close to home when I have enough cash and knowledge!
After starting back to front ...selling land for new builds in South west , then buying high yield btL rentals in North East ( an area I know well ) I can see Phase 2 needs to include some btl mortgages , and I need to spread the Capital growth .....great vids , very clear , and easy to explain to my adult kids !
Jesus really, you can get a charge against your stock portfolio?! Amazing!! I actually learnt something. This guy is a hero. Question though, how would I go about finding a broker like that?
I am also interested in this answer and would like to know once you have gotten the charge against the stocks using your example of 500k and a 400k charge could I then use the 400k to mortgage some buy to lets? Or would I have to purchase cash and then refinance in order to take advantage of leverage?
So many good videos from you. I tell myself to go back and watch some of them again to make it sink better but I can't keep up. So many videos I haven't seen yet. Which is very exciting. I'll watch them all eventually at some point! Thank you for food for brain and for helping to move along this path Jamie!!! 😁
Learning a lot. I already got a mortgage and planning to do buy-to-let. Im still learning but any chance I can get a mentor? How do I get a good financial broker? Thanks
My pleasure Mohammed, visit www.aspirepropertygroup.co.uk and fill in your details and make sure to the the video on the second page :) Looking forward to working with you soon!
APG- Jamie so I will be investing in property in a few years (once I raise the funds and have been to uni) I was wondering how you deal with tenants, my parents and friends that have rental properties find that ‘the dishwasher broke’ all too often or other costly things happen. How do you manage this? And how do you pay for these costs and still turn a profit? Cheers chief keep up the great content
Hey Oli, That sounds great! You can never guarantee good tenants however you only hear about the 0.5% bad tenants but if you're property is a decent standard in a decent location then you should get good tenants. We do checks on all tenants :) I keep 10% of the profits available for maintenance
My pleasure! Fill in you deets on this link: www.aspirepropertygroup.co.uk and make sure to listen to the second page 😊 Looking forward to doing some business together!
Hey Jamie, nice video! I wonder if you can answer this for me... Do you think a lender would let a fairly inexperienced (but financially savvy) borrower take out 10 Buy-to-Let mortgages at the same time for 10 new-build properties with a 40% deposit on each of them? Interested to know what you think the likelihood is. I also wonder whether they need to be separate loans or whether there's another vehicle to bundle them together for this type of thing. Thanks!
APG - Hi Jamie, I came across your videos very recently and have been learning a lot, thank you! I am from Leeds; my father and I are looking to get into buy to let properties in the area; to work with you or learn from you in any way would be really appreciated. Cheers!
New to your channel and I have to say hats off to you! Explain everything in great detail. I have a question. I own my own home and wanting to buy a buy to let. Now my mother and father are wanting to buy a new property and I’m interested in buying their property that they aren’t currently in. Problem is I don’t have the full deposit for a btl at 25%... so I was thinking to borrow the 25% off my parents, purchase the house at a mega below asking price amount and then refinancing the property after a year and paying the 25% back to my parents. What do you think to this idea?
Thanks bud, really glad you're getting value! That sounds like a great idea. Remember to be patient with it so that you don't find yourself becoming a motivated buyer
Another great video! Do you ever source property in the area of Manchester to Liverpool? I'm moving up there to start a new job at the end of the month and want to find a cheap 4-bed house, live in it and rent out the spare rooms.
Hi Jamie, I'm very interested in what you said about leveraging stocks. It's a strategy I've never heard of. Have you done a video with more info on this?
Hi, we’re in the process of buying our first buy to let property. Shall we clear off all our credit cards balance before the application? We’ve our own home too. It’s just a budget thing, we can clear it once the process gone through.
Hi Jamie, our mortgage application is accepted and mortgage deed is signed too. We don’t have any other debts but my credit card promotion is running out. Can I make a new credit card application? Our solicitor have received the purchase contract too. Any advice would be helpful. Thanks for replying.
Hi Jamie. How do you deal with agents who push you to use their in-house mortgage brokers? Theoretically they can't, but in reality if you refuse they simply say property isn't available any more and that's it, nothing buyer can do. How to make them pass the offer to seller?
Where can I find a broker for asset charges? Also using your example of 500k in stocks and getting a 400k charge.. Can I then use the 400k cash from the charge to mortgage buy to lets or would I need to buy cash first and then refinance in order to take advantage of using leverage?
My first mortgage went up after one year and I could of lost my house. Verbally the broker promised one thing, though in the paperwork must of said something else😏
To Matthew Parkes - never rely on what someone says - READ the contract, that is how the deal is defined and is bound by. Always read it all, and make notes on what you do not understand and ask your solicitor to explain it to you. You must be savy when it comes to money or you can lose a lot.
Thanks Simon, visit www.aspirepropertygroup.co.uk and fill in your details and make sure to the the video on the second page :) Looking forward to working with you soon!
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks Eran, visit www.aspirepropertygroup.co.uk and fill in your details and make sure to the the video on the second page :) Looking forward to working with you soon!
