How to Buy UNLIMITED Properties From Just One Deposit | Simon Zutshi

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How to Buy Unlimited Properties With One Deposit?
Want to learn more about How to Buy Multiple Investment Properties in the UK, using just one deposit? Property Expert Simon Zutshi talks through his successful Property Investing journey and his background when he first started to build his Property Portfolio.
Simon underlines that when you figure out how to purchase unlimited UK Properties, as long as you have one deposit, you can keep recycling that to buy as many properties as you want.
Rather than putting your chunk of money into one property and getting stuck, you can recycle it. Simon shares several examples of how you can get hold of this capital, these include Inheritance, Savings, Selling a Business or even Money from a Divorce.
Is Property Investing Still Worth It in 2024? Find out more about Simon’s Great Property Deals as he goes to visit his Rental Properties in the Birmingham area.
Did you know that you could get an unlimited amount of Rental Property by adding value and refinancing?
Simon stresses just how beneficial learning about a BRRR Method can be for both beginner and experienced property investors. Once familiarizing yourself with Everything You Need to Know About BRRR Property Investment, and even utilizing it in conjunction with a HMO Strategy, you will be able to achieve an overall impressive cash flow.
Discover Simon Zutshi’s 3-5 Property Formula For Financial Freedom By Registering here: property.isrefer.com/go/hmo10...

Опубликовано:

27 апр 2024

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Комментарии : 24

@SourceEstate 2 месяца назад

It was great seeing you at the Academy Dinner a month or two ago, your content is fantastic ✊

@SimonZutshiOfficial Месяц назад

Thanks for coming!

@johnporcella2375 2 месяца назад

Could you explain the numbers a bit more for me, please, Simon. In the example, was the 'deposit' the purchase price in full plus the renovation costs? I ask, because I was expecting the deposit to be just 25% of the purchase price, plus renovation costs in full. I do not get why, in the example, a mortgage was not ysed to buy the property in the first place? In summary, to be abke to get all our initial investment out, we need to buy significantly below market value (from motivated sellers) or raise the value through mprovements or a combination of the two?

@denisescally7090 2 месяца назад

9:58 look at all those To Let signs 😮

@SimonZutshiOfficial Месяц назад

It's definitely noticeable, isn't it?

@karlneale-shutte6232 2 месяца назад

Simon this strategy sounds great and you break it down and explain it really well for your viewers. Thank you. A few questions for you or anyone who may be able to provide the clarification using this BRRR strategy would you be purchasing with a buy to let mortgage, as the deposits are higher for those or would you use a standard residential mortgage? If standard how do you convince the lender to let you rent it out post renovation or do you need to remortgage to a buy to let? If you could provide me and us with clarification on those potential obstacles.

@johnporcella2375 2 месяца назад

You cannot use a standard residential mortgage as these are investment properties, not homes for owner occupation. You would get a BTL mortgage for a BTL, an HMO mortgage for an HMO, an SA mortgage for an SA property etcetera.

@johnporcella2375 2 месяца назад

If you did start with a traditional standard residential mortgage, then when you move out and change its use, you are supposed to inform the mortgage lender who might not agree to switch you to another mortgage product.

@SimonZutshiOfficial 2 месяца назад

@karlneale-shutte6232 you would not use a normal residential mortgage. You either get a buy to let with a lender who knows you are doing the work and once completed, you may be able to get a further advance to get you money out or you use short term finance such as bridging.

@beckyw6141 2 месяца назад

It is interesting and not sure whether the £40K to improve would still be the cost currently and whether to take this into account before jumping to invest whether it would be profitable.

@SimonZutshiOfficial 2 месяца назад

Hi @beckyw6141 I gave several examples in this video. The first BRRRR i did were back in 2005 and we could do a full refurb for £40k at that time. I don't think you would be able to do it for that nowadays, which is why in a later example I talk about a £75k refurb. It really depends what you are doing and where you are based in the UK. It more the principe that I wanted to share with you. Kind regards Simon

@Turefu2 2 месяца назад

That’s all sounds good, if you’ve got a great team, who’ll renovate a property for you. I wouldn’t know where to start. I bought my property nearly three years ago, it’s grown in value , but not a lot, not enough to remortgage for another deposit. I have no more savings right now. Any advice?

@SimonZutshiOfficial 2 месяца назад

hi @turefu2 yes of course you need a good team. Try going to your local property investors network (pin) monthly network meeting and get recommendations from other local investors for reliable trades. Also did you buy at a discount from a motivated seller? this will give you extra equity and allow you to refinance quicker, otherwise you have to do what most investors do which is just wait for the value to go up over time , which could take years.

@Turefu2 2 месяца назад

Thank you Simon for reply, much appreciated. It looks like I’m stuck for a time being!

@Editsby_AHB 2 месяца назад

Hi! I have a question thats been bugging me a lot recently. For context, if you got a loan from a bank for a new kitchen lets say and you took a loan for £10,000 from the bank... You pay this back in monthly payments over 4/5 years lets say. My point is, you pay it back as its a loan, its not free money. So what happens in the case of cash out refi? For example, you've been given a 75% LTV on a £400,000 property (with a £150,000 mortgage) you get the £300,000 (the 75% LTV) pay off the existing mortgage of £150,000, leaving you £150,000 to put into another property or whatever. But the bank/lender that give you the £300,000 LTV, do you have to pay them back the £300,000?? Because they aren't giving you the £300,000 for free? Maybe my heads blagged, but I'd absolutely love some clarification and an answer. Thank you!

@SimonZutshiOfficial Месяц назад

Hi! Great question-let me break it down for you. When you take a cash-out refinance, you're essentially replacing your existing mortgage with a new, larger one. Here's how it works step-by-step: You've got a property worth £400,000 and your lender offers you a loan up to 75% of the property's value. This gives you a new loan amount of £300,000 (75% of £400,000). You use part of this new loan to pay off your existing mortgage. In your case, that's £150,000. After paying off the existing mortgage, you're left with the difference between the new loan and the old mortgage-so, £300,000 (new loan) - £150,000 (old mortgage) = £150,000. This £150,000 is the cash you get to use for whatever you need. Just like with any other loan, you do have to pay back the entire £300,000 over time. The terms (interest rate, monthly payments, etc.) will be specified in your new mortgage agreement. So, in summary, the bank isn't giving you the £300,000 for free. You're refinancing your property and taking on a new, larger mortgage, which you will pay back over the loan term. The £150,000 you get to use is essentially an advance on the equity you have built up in your property, and it becomes part of the new total mortgage amount you owe. Hope that clarifies things!

@heatherchanning5706 2 месяца назад

When are your next webinars please

@SimonZutshiOfficial Месяц назад

Hi, you can find all our upcoming events on our website: propertyinvestorsnetwork.co.uk/

@dm7325 2 месяца назад

Surely the amount you can pull out in a BTL deal is based on the rental valuation. Or are you saying that the mortgage company will always refinance you at 75% of the new valuation getting all of your money out, really?

@SimonZutshiOfficial Месяц назад

The amount you can pull out in a buy-to-let (BTL) deal is indeed based on the rental valuation, as lenders want to ensure that the rental income will cover the mortgage payments. Typically, mortgage companies will refinance up to 75% of the property's new valuation, but this depends on their criteria and the property's rental income. If the rental income supports the mortgage payments under their lending criteria, you might be able to pull out a significant amount. However, it's always best to check with specific lenders to understand their exact requirements and policies.

@johnporcella2375 2 месяца назад

Did you mean that it is possible to get the initial investment back, rather than just the deposit?

@SimonZutshiOfficial 2 месяца назад

Yes that is correct @johnprocella2375

@dm7325 2 месяца назад

Do the mortgage companies always give you a 75% mortgage on a BTL property? Is the rental income actual or anticipated not a factor in deciding what they'll lend you?

@johnporcella2375 2 месяца назад

@@dm7325The percentage actually loaned will depend on either the actual rental income or the expected rental income.