Hey brother, You videos are amazing. I have started to develop interest in the property market during the pandemic and saved some cash to start, but was rely struggling to understand how things work specially will so much going on eith the economy. Bur your video are really very clear and easily explain how it is just about numbers. Also, I love how approachable and kind you are to check and reply all the comments. Keep going the way you do 🤗
Waking up to comments like this are the best, and the sole reason I do this. There was nobody around to help when I started, nobody who would share everything for free either so I’m just grateful you’ve taken time out your day to watch it & It’s helped. I wish you well on the investing journey and hope you continue to enjoy the channel.
@@TheAnxiousInvestor Thankyou, I have been solely following your channel and building up knowledge. Hoping the market eases soon and i could jump in :) Do you plan to create any videos specific for beginners looking to start SVP companies to invest and rent out?
Amazing video man, would love you to do a full series where you follow through with this. Show us the full process and actually buy the property and just keep us updated on what happens. It would be amazing if you could
Absolutely!! I’ll need to save up though 😂😂 sadly I’m not as rich as the “property gurus” out there but I will be purchasing again when the market looks better & I will be documenting some new builds I am developing this year too. So I really hope they help. I’ll also do videos on some properties I’ve purchased explaining the process too. Thank you for watching 😊
@@TheAnxiousInvestor I know I’ve only just found your account but it’s the best I’ve found, so informative and it’s amazing to see on every single video your interacting with your viewers. Keep it up, your doing great🔥
Really appreciate the comment thank you 🙏🏽 & I’m always forever grateful to anyone who takes time out their day to watch any of my videos & especially leave a comment so thank you. 😊
wow, that's a lot of information! I'm looking to start doing flips myself, can't believe people pay over 10k on courses when you've given more information for free lol. what would be your best advice for a newbie like me to start doing this? also would say is it still a good time to do flips given the current situation that we're in (pandemic)?
Hey mate - haha you know my stance on people who sell courses because “they care and want to help” 99% of course sellers only care about lining their pockets unfortunately. My goal is to make sure I can save you heartache / time / money as it’s not a nice feeling struggling with either of those. So I’m very grateful for you taking time to watch and the nice comment & I’m glad it’s helping too. So it’s still a predominantly sellers market / my only concern is what will happen post September furlough. Can the government keep the market propped up? If they can somehow you will likely achieve a good flip, if they don’t and people have less money to buy at the back end, you reduce the potential buyers for your property. We are building out over 20+ houses in the next 2 years ourselves and we have been cautious with our figures (10-15% contingency) My best advice to a newbie is to use my channel - ask Qs where you can and save your money for you and your family on your first home. Then you’re welcome to send me a kinder Bueno as a thank you 😛 for saving you £££.
Also the market is unknown atm and I dont want to get into flipping or brrr because of 'fomo', need to make a calculated risk! I will have more questions but I may message you direct on FB..
Hey man love the content and I appreciate it greatly. I also see you reply in detail to every single person which is next level dedication so hats off to you. Remarkable. My question and I hope its not to stupid is on this particular example deal you have the total purchasing cost of roughly 31k but I dont see your initial 20-30% deposit in that so am I right in saying you would need the 31k plus around 25k give or take as the total funds needed to start? Not sure if that's stupid but my property investment career started around 2 days or 13 hours of your videos ago.
Hey mate I appreciate and I’m grateful it started here lol. Glad to help. I’ll need to watch the video again as I make so many I’m not sure the exact purchasing method but if it was what I think it was, I.e.. a flip then you don’t buy like a buy to let You buy cash. Either outright or with a bridge. I do both so I’ve likely assumed buying with cash hence the no initial deposit mate Be sure to follow over on IG I share loads there for newbies too and keep throwing yourself as these videos. The production gets better my earlier ones are cringe lol
Noted faraz I’m glad their useful I’ll definitely do some more in future than. Thank you So you can either download it from Here instantly & get 2 weeks free thanks to Skillshare or drop me a message on IG and I’ll do it over the weekend 😊 www.skillshare.com/r/user/findyourvoice (Instagram - the anxious investor)
hey mate, thanks for the super informational video! I actually remember running into you at the Man Utd v Everton game a few months ago! Wanted to ask if you make your spreadsheet available to your subscribers?
Yes mate I remember haha. Shit game that was lol. Yeah it should be in the bio it’s on my skillshare classes under resources when you sign up for a FREE 30 day trial. Just cancel within 30 days utilise all the things you want, download what you need & hopefully get some deals going bro www.skillshare.com/r/user/findyourvoice
Thank you Michael much appreciated I’ve uploaded them onto here: www.skillshare.com/r/user/findyourvoice It’s under class 1, under the resources tab. Also you get 2 weeks this month of free Skillshare. So download, learn for 2 weeks then cancel. It’ll be 100% FREE too so don’t worry 🙏🏽
Hi Aren, I love your videos which I've recently come across! I wanted to know if you share the spreadsheet that you were using as a deal analyser? I'd love to get my hands on it and have a play around if it was something you share 😊
Hey, thanks for the video really useful. One question, what does the finance/investor cost (@ 10%) mean on the deal analyser? What is this cost for? Thanks
Glad it’s helped mate thank you for watching. So it’s interest for either when you take out a bridge, in my experience it’s usually around 10% Per annum, or what your investor charges. Usually you can negotiate or change this. It could be less it could be more, it really does depend but 10% is Max we’d ever do so that’s why I leave it there
I rarely, use many of them now as I can calculate things pretty swiftly off the top of my head. I also focus more on relationships with agents, d2v and trying to connect with reputable sourcers. Full transparency, my activity on a weekly basis in terms of flying through Rightmove / zoopla is very very limited as our next two projects are secured and I have diversified time / funds into crypto recently too. But property log and property investigation tools are nice ones to utilise.
Hi James i use property log for chrome and another one, i can't recall of the top of my head - but it is visible where i copy the postcode on right. It's a free sign up, I am not affiliated with them, but then as soon as you sign up with an email, refresh your browser and viola! The rental wasn't far off the comparables when i checked the video post rendering but I can't speak for the ROI or Yield as I didn't check it in this video.
Hi please can you telL us the plugin you use to see the ROI? Its not in this video and I have look at comments where people have asked but its never provided? Thank you for helping
hey i think ive mentioned it a few times. Its the property log my friend. The other one is called Patma, but i cant recall what the actual acronym stands for, but it is on one of my short videos. Chrome extensions though - for both.
Great video 🔥👊 I have a few questions if you don’t mind. First one is if I was to buy a property so will I just buy one 25% with 75% mortgage from a bank if I don’t have enough capital and then renovate and work out the fees ( Stamp duty etc) and then refinance and then sell ? Or would I just sell ? Second question is how did you work out total money in ?
So you need to use the right product for the right deal. If your intention is to renovate & flip on and your using a BTL mortgage to benefit from cheaper rates as opposed to bridging rates that’s NOT liked by lenders & is technically mortgage fraud I believe. You could BTL it if it’s habitable and it looks that way, renovate wait till the end of your term and then ask for a refinance. They may provide you the uplift in Value.
@@TheAnxiousInvestor so if I was to buy and renovate a property and rent it for a year or 2 just to gain a little more value would you recommend buy to let mortgages then ? Due to lower interest rates ?
@@mdot9551 ill do a video around it to avoid any confusion. It all starts with the initial intention. If you want to buy a property to let out that is habitable from the onset you would get a btl mortgage. If you want to renovate a property (usually inhabitable) you would get a bridge or buy with cash. You could transition though but you don't want to make a habit of it, as it could red flagged by mortgage lenders.
Thanks James it’s on the video I think - I’m on my mobile so don’t have access to desktop. But I might do a video with best add ones and support tools as there are a few I utilise Cheers for watching - property log is also one I can remember
Any advice for someone who wants to leave their current job and has 100k in savings.. wants to put it in to flipping property but not sure where to begin.
Hey mate don’t leave fully - worse case scenario say you can’t flip the deal? Your back up would be refinancing & lenders need some income. Unless you are confident you will get it done, having some level of income always works & is handy if shit his the fan
@@TheAnxiousInvestor so if I couldn't flip it I would refinance it.. and buy another property but would would happen to the property refinanced.. (dumb question I know) but I'm a beginner 😖 it's all so complicated!
You would leave 25% in and the mortgage company would generally release 75% back to you & the bridging company (covering initial costs). If you do it right you can pull a lot of your initial £ out to go again with another flip
Hey you can either download it from Here instantly & get 2 weeks free thanks to Skillshare or drop me a message on IG and I’ll do it over the weekend 😊 www.skillshare.com/r/user/findyourvoice Thank you for watching (Instagram - the anxious investor)
@@TheAnxiousInvestor Hi, I signed up to to this link but I cant seem to find the spreadsheet you used. Any chance you have a direct link to the file? Thanks
www.skillshare.com/r/user/findyourvoice it’s available here with 2 weeks free skillshare or drop me a message on IG and when i go through messages ill fire it over to your email Aidan
So you want to speak to estate agents to understand the market I.e. are people buying in the area? Recent sales? Types of buyers they’ve noticed? What types of properties tend to sell best? 3 bedrooms? Flats? For example And contingency is “if things goes wrong” which in this game they often do lol
@@TheAnxiousInvestor ah so is the contingency just 10% of the refurb cost and is the estate agent bit before buying the house or after refurb? Thanks for the quick reply
So yes always work with end in mind. So when you go to view a place like this (with the EA) that’s when you start to collate information so you can analyse the deal in full detail You’re welcome
Really depends on the market and what I am currently doing. There is a lot of context that needs to be drawn out. It also depends on how much time, money and skills I have. It's a good question but one that requires a of fleshing out. If it was now, and I had my knowledge, I would put it into development or planning uplifts or into a JV with the partners, as they get the best returns I have seen going, whilst I also trust them completely too. If it was without them, i would try to do BRRR projects as they would allow me to recycle my cash over and over again.
