🏘 Property Accelerator Waitlist 🏘 Learn how to build a profitable property investment portfolio from scratch! Build a passive income, that has the potential to replace your earned salary, starting with £40,000. 👉 bit.ly/3fyyBpN
New subbie off the 1st video of yours that I watched. I like your delivery style which is informative, detailed, easy to understand, and isn't condescending. Thank you.
Stephen I've got 150k liquid - No assets so far. Should I buy a home for myself live in it, refurb and then rent out and refinance etc? Then look at growing from there? I'm 29, looking to be making 10k + monthly by 34 years old. Thanks Chris
It’s all about negotiation. Stay away from the obvious big ones and look for one that is local to you and build a relationship with them. You may have to pay for your first time but after you’ve shown your an active investor you’ll have more leverage to not pay a fee.
Yeah but it depends on your appetite for risk as I said in the video. I show you my investment at this time in S&P500 and if you look at the numbers you'll see it had gone up 10% in 3 months. Again depends on your own appetitie for risk and rewards. I am not telling you to do it only its an alternative way and I do it myself on an amount I am happy to potentially get a better return than dumping it in a savings account and getting 1.85%. You decide. Thanks for watching though and I appreciate the feedback. 💯
You will not lose value if you invest in S&P 500. Guaranteed at least 5% ROI and it’s been around 10% the last few years. There’s also other investment strategies to get an even better ROI but more risky and less guaranteed. Just do some research and you’re unlikely to lose your money. It makes more sense sticking your savings in stocks cos it won’t lose value to inflation which is typically around 5% as well
Hi I am in the position that I have roughly 30k to start investing in property to get myself as many properties that I can. Would you advise to wait to see what happens with the down turn in property values. I don't want to flip houses I want to buy to let. Any advise would be grateful.
Hi property will start to go down and sideways over the next 24 months at least. I don’t like to say wait as there’s always deals to be found at any time. Just more in a buyers market. It’s definitely looking like a time to buy over the next 12 months though. Look at my video on 0 to 10 properties as to the approach I would take if you’re starting with £30k. Good luck.
New subscriber! Great content. I have a question. I’m wondering whether you think it’s a good idea to purchase a town house that is split into multiple flats, say 3, and live in one and rent out the other two as my first ‘home’. Also would I be allowed to do this with a residential mortgage? Also, follow up question, would you recommend this as a viable strategy for someone who wants to move out of their family home, gain some rental income, but also have privacy, i.e., avoiding having to lodge rooms and share communal areas. Preferably I’d want to live for free, so the rental income exceeds my mortgage plus home insurance, etc.
Hi Lloyd, I think it's a great idea but if its already split into flats you may not be able to get a residential mortgage on all of them. You would need to check with your broker. What would be even better is you buy a town house on a residential mortgage and then split it into flats and then rent out the flats. Bit more work but it's the outcome you want. This is a great approach to 'house hacking' and living for free.
Good evening Stephen. Very helpful content. For a beginner of modest means do you have a view on the pros and cons of buying a flat or terraced property with a tenant in situ. Many thanks, RW.
I want to get into property myself! I also want to get out of my mothers house and have my own freedom! I’m thinking about getting a below market value property, refurbing it, refinancing to pull out my initial investment and then living it in whilst renting the spare room out to a lodger. This way I can live rent free. I could then continue growing my portfolio or even wait 2 years to avoid stamp duty. However, I’d rather pay the stamp duty than waste 2 years lol
By the way, the reason I’m doing this is because I haven’t got my own place therefore don’t want to miss out on the 5% deposit I have available to me. If I just buy a buy to let, I need a much bigger deposit which currently I don’t have. By allowing myself to live rent free, I’m able to save more for my next property and perhaps even gain some capital appreciation. Thoughts?
Sounds like a good plan. I would get on the housing ladder first if you can with a 5% deposit. Makes total sense and rent a room. Great idea, good luck with it.
@@StephenDuncombetv thanks for the reply! Perhaps getting a house that needs some work done would be ideal that way I could do as you said, increase the value the refinance and pull my money out so that I’ve got funds for my next adventure. What would you recommend once I’ve got my first home and renting the spare room out, next step?
There is a 3% stamp duty charge on the purchase of a second residential property (Buy to let or a second home, for example), this 3% charge is on top of any existing rates that are in place, therefore, while there is normally not a stamp duty tax on the purchase of a property under £125,000, as it is a second property this would now be charged at 3%. For Stephen's example, the house costs £100,000, 3% of this would be £3,000. Also, the 3% is applied when the value of the second property is above £40,000, therefore, if you were to buy a second property worth under £40,000, you would not pay any stamp duty. Hope this helps! :)
