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How to Replace Your Income With 3 Rental Properties | Rental Property Investing 101 | Simon Zutshi 

Simon Zutshi
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29 окт 2024

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Комментарии : 41   
@jeffdraper1562
@jeffdraper1562 3 года назад
I've been on a several of Simon's courses, many free and others not costing too much. I already have 9 properties before I heard of Simon. I'm a Chartered Accountant. What I have learnt is already transforming my life. I was managing properties, not the property business, waste of time and stressful, start delegating, doh! This guy is the real deal and as genuine a person as you are likely to meet. I've not been prompted to say this by Simon or anyone. It's all about getting the skills.
@propertynetworking7434
@propertynetworking7434 3 года назад
Thank you fort your kind words Jeff. Great to hear that we have encouraged you to delegate the management to someone else to fee up your time. Kind regards simon
@xoriyosomali
@xoriyosomali 3 года назад
I know I knowww that's what I wanna do!!! I'm working for it. Thanks for this great video and pushing me to my dream goal..so exciting! Thanks again.
@dav1606
@dav1606 3 года назад
That info is 20 years old. HMO is not the same anymore, not allowed in many place, too many in other places . Think he is selling his book now
@propertynetworking7434
@propertynetworking7434 3 года назад
Have you actually watched the video? Yes the market has changed and that's I talk about the recent regulations. There is no where in the UK that HMOs are not allowed. I am not sure if you are an investor yourself Dav, and of course you are entitled to your opinion, but I can assure you when done correctly this is one of the best strategies which works very well for me and many of my clients who have replaced the income with just a handful of proprieties. kind regards Simon
@johnporcella2375
@johnporcella2375 Месяц назад
Are you referring to Article 4 areas? If so, buy from a retiring landlord there or construct your own outside of Article 4 areas. Also, why not go for premium tenants with co-living HMOs rather than plain vanills type ones? The market for those is not saturated.
@foreverhappy68
@foreverhappy68 2 года назад
Great video 👍👍. Very encouraging 👍👍
@imran75001
@imran75001 3 года назад
Simon.....Thumbs up for making these contents. It helps you to build another source of income and as well as viewers to get quality real estate education. I am aiming to get to real estate business in 2021. Though I live in Canada but your videos are equally relevant regardless of which market viewers are in. Rules of business are similar.
@propertynetworking7434
@propertynetworking7434 3 года назад
Thank you Mani. The regulations may be slightly different but yes the concept is still valid. Kind regards Simon
@vpg1314
@vpg1314 2 года назад
Hey Simon. Great content as always. I was trying to use the link at the bottom of the description to see the two HMO videos. The link doesn't seem to be working. It may well be because the video is a few months old. All the best.
@timsandman
@timsandman 3 года назад
Thank you Simon 😊
@sahab999
@sahab999 3 года назад
Hello Simon, for inheritance tax purposes would you say a HMO rental business is considered an investment rather than a trade?
@AirbnbRentalEmpire
@AirbnbRentalEmpire 3 года назад
Informative stuff, keep it up!
@masterpiece3155
@masterpiece3155 3 года назад
Thank you very much!
@haggishighways
@haggishighways 3 года назад
Top tip. Pay off the properties as quickly as possible. Don't build an empire on a foundation of sand.
@johnporcella2375
@johnporcella2375 Месяц назад
Remain poor! Whilst keeping a cash buffer, for emergencies, properties should be leveraged to the maximum in order to buy more properties. The mortgages also lower IHT liabilities at death. By paying off the mortgages, all you are doing is limiting your income stream and paying more tax to the Treasury because you have declared higher profits due to no mortgage interest.
@isabellerace7062
@isabellerace7062 3 года назад
How do you go about affording the property deposit as for buy tickets let’s it’s 25% deposit required? Thankyou!
@LordRobb.
@LordRobb. 3 года назад
Great information 👍🏾
@rmendola759
@rmendola759 3 года назад
The information you provide is fantastic Simon 👏 . Do you think a 4bed HMO that doesn't require a licence could generate £1000pcm. And in your personal opinion what would you say the sweet spot is? In terms of number of people. Thanks 😊
@neilhillard7886
@neilhillard7886 3 года назад
I’m a mortgage broker and have clients with HMO’s worth £130k with 4 sharers and they are generating £1k a month + rent.
@rmendola759
@rmendola759 3 года назад
@@neilhillard7886 very helpful. Where are you based if you dont mind me asking ?
@celiahall6168
@celiahall6168 3 года назад
Why don’t you show us some example comparable investments, eg: BTL vs HMO vs commercial vs Short Term rental?
@mhoward181
@mhoward181 3 года назад
If you want to replace your income just buy 4/5 properties. Go for low maintenance 3 bed terraced. £600p/m x 5= £36000 per year. Then get a job earning upto 20k to sup the income and stay a basic rate tax payer. I would advise a council or public sector job so you have sick pay and a good pension from employer. Job done.
@propertynetworking7434
@propertynetworking7434 3 года назад
I would love to know where you can get single let proprieties that will give you £600 profit per month.
@mhoward181
@mhoward181 3 года назад
@@propertynetworking7434 purchase price 90k. Good area for renting. £600 p/m. I already have a house on same street bring in 600 for 3 years now
@propertynetworking7434
@propertynetworking7434 3 года назад
@@mhoward181 You can receive £600 in rental income but you need to take the costs into account such as Mortgage, insurance, management fees etc. When I talk about £1000 per month from an HMO that is not the rental income but the profit after all expenses.
@mhoward181
@mhoward181 3 года назад
@@propertynetworking7434 my HMO has been a failure. Iv had it since 2004. Tried agents and they sole money from me. Tried it myself and had better success but it’s way too much hassle. I should get 1500 a month before bills but the reality is less than what a family let would get me. Yes lower than 600 a month I would say. Maybe a lot lower after you consider the non payments or rent the agents stealing money. I don’t know where these successful HMOS are but if mine is selling for 120,000 I’m sure a successful hmo to buy is more like 200,000. And why would they sell if it’s in a success area? And if it’s a self build I hear they can cost 50- 100,000 to convert from family to hmo. Too risky for what I want now. Iv just managed to raise 100k to buy more but I’m stopping at 5 houses cos I’m not going down the ltd company route.
@bigboi1803
@bigboi1803 3 года назад
Well the problem i have with students is they are said to smash up houses more often that proffessionals what are your thoughts on this
@annajones9701
@annajones9701 3 года назад
Not at a good university. Students are often much better.
@bigboi1803
@bigboi1803 3 года назад
@@annajones9701 Thank you
@propertynetworking7434
@propertynetworking7434 3 года назад
I agree with Anna. Stick to redbrick universities. Always get a guarantor and take a deposit as well. I have NEVER had that happen in 23 years of renting to students but have in other properties.
@annajones9701
@annajones9701 3 года назад
@@propertynetworking7434 'Russel group university'
@bigboi1803
@bigboi1803 3 года назад
@@propertynetworking7434 Thank you all, very helpful tips notes taken i will try them out.
@ianh9871
@ianh9871 3 года назад
Energy performance Band C or better from 2025, costly upgrades coming for those unfortunate to own or buy old Victorian (typical HMO) housing
@penelopefrigon4395
@penelopefrigon4395 3 года назад
link not working
@Michael-4
@Michael-4 3 года назад
Not exactly a beginners strategy.... unless of course, someone will show you how to do it if you give them a few grand. Ha ha!
@propertynetworking7434
@propertynetworking7434 3 года назад
True not a strategy for new investors unless you learn how to use it properly, but if you get £1000+ profit per month on each HMO you get your investment back pretty quick.
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