How to calculate equity in your property 

😂 what a feature wall that would be!

Thanks! Glad you enjoyed it

🙏 pleased you liked it!!

Cheers mate 😃🍻

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Great work so far Sam! Hard to give exact advice on this because it comes down to your own living preferences. If you decide to stay where you are, refinance and use the funds to purchase an additional property then you’ll pay the higher stamp rate and need to think about whether to invest in a Ltd company or not. Where as the other option, or making your current home into a buy-to-let and using the released finances to purchase another home could save you on stamp duty, but won’t be the most ideal buy-to-let as it’ll be in your personal name, and you might have been planning to run things as a Ltd company! Sorry that doesn’t help a huge amount! 😂 an alternative could be to sell, take your profits and purchase another home to add value too, and a BRR project - that’s possibly what I’d consider doing!

Thank you for the reply I really appreciate it my plan is to build a portfolio of BRRR over several years to build enough passive income to be financially free I would like to do it by setting up a ltd company

Yes, it will increase if you increase your loan to value and withdraw equity

Good question Paul, I’d probably buy cash for speed and ease when purchasing. Then when you refinance you can go again. The down side to that method is lack of speed, that whole process will still probably take 7-10 months at the moment. If you wanted to acquire more than that in a year, then it might be worth putting down deposits on a few projects 🤝

If I was buying at auction then I would. Along with stamp duty, solicitors, etc. But in this example I didn’t as i was just keeping the example basic and relevant to as many people as possible!

No, anyone can release equity from their home by changing mortgage product or taking a further advance or second charge. Equity release you do which is a product for releasing money for over 55s that are coming to the end of their earning careers.

True (ish). Has to be approached with knowledge as there always risk. But the video is actually just made to help people calculate it

This means getting a new loan on the property, and using the new loan to repay the previous (old) loan, and repay yourself any of the difference. This is known as remortgaging or refinancing

Thanks Justin. I really like your style in explaining matters. I'm reading a book called Millionaire Real Estate Investor. The author gives 4 questions. Would it be possible if we can communicate by Google Meet or Teams on this. I also think this will have added value to your content on RU-vid (not the call itself haha) 1. How much real estate would an investor need to acquire today to receive $1 million in annual cash flow now? 2. How much real estate would an investor need to acquire today to receive $1 million in annual cash flow in the future? 3. How much real estate would an investor need to acquire over time to receive $1 million in annual cash flow in the future? 4. How much real estate would an investor need to acquire over time to receive $1 million in annual cash flow and equity pullout in the future?