Thank you-I have been pondering this question and am so happy I've come across your channel! Really helpful advice with pros and cons for both allowing for a balanced viewpoint. Looking forward to watching more of your other videos. I'm relatively new to property and your advice is like gold dust and the fact that you offer it up for free shows what kind of a person you are, thank you for your generosity! I have subscribed! Stay blessed and I wish you every success! 💖
That’s very kind of you. I’m glad it’s helped give some perspectives, and as you probably know it’s all about having as much information as possible and then making the best decision for yourself. I wish you well and hope the rest of the content helps too.
Let me know your thoughts on Renting Vs Buying (after hearing some of these pointer). Heres some videos that may also interest you too: 12 True Costs Of Buying A House | 12 Things You Need To Know ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-T4Bm10Hz4pI.html Should you buy a house in 2023 or wait? ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-Hr8aav4f7Mg.html 7 Tips for First Time Buyers ru-vid.com/video/%D0%B2%D0%B8%D0%B4%D0%B5%D0%BE-tPT84Ad2ZtU.html Thanks for tuning in friends.
I hate renting and love my home, but it was the worse "investment" I ever made. After 10 years there was no real increase in value and it's a financial liability due to the mortgage. I won't sell it and prefer to pay all that premium to have my own place, but there is no way to deny it costs me dearly.
I think you're great but your own property is a journey as well ,building and extendeding/improving ,and if you get it right ,it will benefit massive equity along the way ,all TAX FREE!!When at certain level 700kplus in bilston (I'm in telford) the equity builds at a substantial rate all paid off and earning equity and if 18yr cycle endures it'll be worth 1.4m in 10 yrs , Food for thought
Absolutely. That makes sense to me too. My problem was I didn’t have much money to start and I had to stretch my money as far as possible to not only replace my income, but also get my wife out out of work. I’ve been able to do that by selling my residential and investing that equity. If I had more money than sense or just more, I know the possibility of a resi wouldn’t seem completely crazy. I don’t need 1,000 properties I’m already grateful and happy so I’m not far off. It’s just helped me achieve our goals much quicker. Ps we lived in Bilston for a bit too - almost neighbours lol
