It was good to see future projections to explain the actual long term return based on the properties capital growth. However, how do you (if you do) factor in for long term depreciation of the buildings components eg wiring, kitchen, windows etc as over this time span these will most likely need an update even if done new as part of a refurb (20yrs is a long time) ?
It was good to see that sometimes a deal is a deal at the price set. No need to chase the price down. Once the number have been run of course. Also good choice of property my sister in law lived on that street a few years ago.
Wow I' m just shock someone mentioned expert Mr Jamie York I thought I' m the only one trading with her, She helped me recover what I lost trying to trade my self
also on rightmove keywords are your friend try these "in need of" "renovation" "cash only" "investors" "builders" "would benefit from" "vacant" "subject".
this is incredibly eye opening - i dont know if you believe in a higher power but you are being rewarded massively for what you do for people, god bless
The paisley grove property looks like it has potential to be a HMO, the rooms seem big enough, that would be an interesting one to run through the deal analyser with hmo figures. If it was suitable then it's undervalued.
Once again Jamie your inspirational to me and the whole world who's taking an interest in property you have open up my mind and i'm learning a lot from you thanks again keep up the great videos
Hi Jamie, recently discovered your channel and absolutely love it. I am in the early stages of finding my first buy to let. My question is how do you feel about leasehold vs freehold property as a buy to let? Thanks.
Jamie, top man as always. Much appreciated. Can you make a video about how to find out why Not to buy a property when seeing it on zoopla, rightmove. I mean basic things. For example when you sort properties by "oldest" there can be millions reasons why they don't sell (including the reason you told about agents :))) ), but all other reasons are not obvious at all. Sometimes I see beautiful property, but it's been on the market for over a year. I can't find out why those properties do not sell and they worth my time seeing them. Clearly experts like you can see from a mile which property worth a phone call and which one isn't.
Great vid. Like you, we grow our portfolio in an area we know well. Local knowledge is key ! ….and very exciting to plug your properties into Lendlord and see what you are aiming to achieve in the coming years.👍😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Silly question Jamie, why would having a take away next to the property affect how many lenders will lend? This wasnt even on my radar! Pub intuitively makes a bit more sense. Is it something to do with the odds of a fire in their kitchen or something? Will note the point but good to understand the rationale!
I have made over $75000 trading cryptos,l even made a whopping profit of $40000 on my last trade with a capital of $5,725 due to the aid of expert Mr Jamie York
I did something very similar, run the numbers called the agent and put an offer on the phone the seller took it badly saying they won't consider offers without buyers seeing the property first...
Thanks for all the advice. Looking to get into real estate to build a future cash flow for retirement. I would really like your opinion on REIT’s and if you think that would also be a good starting point. Especially when keeping them in a stocks and shares ISA to avoid the tax on dividends.
25 year old- bought my first family home for 400k , yearly income of about 60-70k. What's the best way to buy a property to put on rent ? Second mortgage ?
Hey Jamie! Great video as always! I just started my first Ltd, and I'm actually looking into good locations for R2R (SA). Now I know you are not a big fan or R2R(SA), but eitherway do you have any suggestions or tips for good regions for this strategy? Cheers!
I'd be looking at places which have big developments coming, such as Amazon are always trying to build new premises, maybe look at those areas. City centres with a good reputation are always good, Manchester, Leeds, etc
Hi Jamie. Great videos. My parents have worked hard to build up our savings. We are wanting to get a better return on investment and I suggested buy to let as an investment. Where would you suggest we start doing research into by to let’s? Should I start reading up on mortgages first or would you suggest something else? Need to build foundation knowledge before diving into everything
Jamie, we have some thing called home report in scotland which gives rough idea of the pitfalls and tentative repairs the property may need and also its potential market value. Even banks accept that value for lending. The sellars have it in hand before advertising . This gives us a good idea how much we can bid for without spending our on getting it valued independently . Is there any equallant of that in england?! Of do we need to waste our money for our own valuation before we bid for one without knowing if we get successful or not?!
Yes it’s different in Scotland (I wish they did that here)! But no, you have get a homebuyers which is the same… but the buyers pays for it. Not the individual
Great video Can you help me to understand please I have to remortgage my property in August 2022. Can I borrow against my equity to invest into buy to let property?
Thank you Jamie for such comprehensive material. However, I would like to ask for a piece of advice. I am thinking to invest in my first property. To be honest, I`ve already found one with massive potential. Though, there are some issues. Firstly, it is sold by an auction and secondly, the property has been let under a protected tenancy giving the current tenant security for life (protected life tenancy). And now the question, what you personally consider, is it worth it? Much appreciated.
The best thing about property is you get rent and capital appreciation. 1) you're not going to get much rent from that 2) selling with this kind of tenant in situ, or even remortgaging might be very hard. I'd stay clear
Great video mate. Just stumbled upon your channel. I have a question: Where do you stand on interest-only mortgages and how would this affect the Lendlord analysis?
Search it out. I’ve done a video on this on here 😊 Pretty much all BTL mortgages are interest only and Lendlord analysis reflects this Welcome to the channel. Hope you get some value 😬
@@JamieYork Thanks for the reply man. I've had many chats to my mates in the pub about you so hopefully more subscribers are coming your way. Thanks again.
Great video. Thanks. I live in London and want to buy a BTL property in Scotland as that's the only place I can afford to buy. Is it risky leaving it to agents to manage and not having local knowledge? Thanks
hey I'm looking to purchase my first property in Brighton and currently searching for a good deal, what are your thoughts on the 3 bed properties in this city?
Love how your trying to defend the area then as soon as you say it "those who dont know the area might think it looks rough as assholes" cue people sunbathing on the footpath with sofa cushions at 8:45 🤣🤣
"So bear in mind if there's *anything* to do with takeaways, food, drinking establishments" etc then that could hinder your ability to get lending. Jamie gives so much value on this channel. Don't come down to the comments playing the racism/snowflake/woke cards please 👌
@@JamieYork Thanks. As as risk assessor myself I was more concerned about the risk profiling (from banks) than anything political. I am grateful for the info and am here to learn than anything else…….
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
No they don't. The banks also value based on what was paid rather than home report (as there isn't one) in England which is much better than in Scotland where things have been going for up to 10% or more above home report but for LTV purposes the lender will use the home report value! That said HR is handy for identifying pitfalls!
Very informative, although a bit confused, house No2 just buy and let for a very good ROI, no BMV searcing/negotiation or refurb headaches one is expected to do as per house No1, how does that work?
Seems to me like house 1 was a very low key brrr. So depending on how you run the finance could pull a good chunk of your investment out early in the deal to reuse or minimise risk.
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
I dont like flats, I dont like freehold properties ?? And why don't you like flats? There's no buildings insurance to pay, lots of tenants, lots of choice, fixed maintenance... Ta
I meant to say leasehold properties… mainly because you don’t own the land it’s on and then the costa associated. Service charge maintenance etc… like owning the block
APG Also - If you were to click on the advanced options under the refurb cost would you be able to give the length of time that the refurb would have taken? kind of important because as soon as the property is purchased there's utility costs for the length of time the refurb will take plus the lost revenue from potential rent whilst work is being carried out.
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/?RU-vidOrganic and fill in your details, and a member of my team will be in touch! 😊
Thanks! Would be great to work together! Head over to www.aspirepropertygroup.co.uk/? and fill in your details, and a member of my team will be in touch! 😊
