Good video and well explained, just to add to this you also have to think about sales costs e.g. estate agents fees, solicitors and at the end of it you also have capital gains or Corp tax to consider. For your worked example it would be better to start with the end value and then deduct all your costs & profit margin which then becomes your offer price. In this instance with the sales costs included but less your tax it would be about £59k but I would probably go for more like £55k to be conservative.
Hi jack thanks for the video, very informative. I am looking at starting a buytolet business. Could you send me some examples of good investment deals you have previously sourced. Many thanks
@@jackdavidsmith Cheers. I’ll bear that in mind and be in touch once i have refinanced my property. I’m looking to flip - have a few locations in mind already. Looking at around 15k renovation budget.
