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Why You Should STOP Thinking Like a Homeowner | Simon Zutshi 

Simon Zutshi
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To keep up to date with changes in the property market which affect your property investing make sure to plug into your local pin monthly property networking meetings here: www.pinmeeting.co.uk/
Wouldn’t you love to become an expert with Mastering UK Property Investment?
Letting go of a Homeowner Mindset and adopting a Property Investor Mindset is essential for this.
Whilst Property Expert Simon Zutshi cannot give you financial advice, he stresses the importance of Property Education in order for UK Home Buyers to become familiar with the idea of investing in the 2024 Housing Market.
Solely focusing on a single property and its Mortgage Payments for the rest of your life will mean you will end up with equity but no cash. This is What No One Tells You About Buying A House.
Should You Pay Off Your Mortgage Or Invest? Imagine having access to the house of your dreams and plenty of cash flow, not only just at a retirement age, but right now. Simon talks through the potential earnings associated with investing in the UK Property Market and learning how to become a Successful Property Investor.
Find out more about How to Release Equity to Buy Another Property and Simon’s example of how 4 properties worth £200,000 end up with the value of £400,000 each.
How long would it take you to save a million? A goal many will never be able to achieve, and this is achievable through just 4 properties.
Listen to how investing in UK could help towards building your pension and even paying off your home in 8-10 years.
To keep up to date with changes in the property market which affect your property investing make sure to plug into your local pin monthly property networking meetings here: www.pinmeeting.co.uk/
Chapters:
00:00:00 - Stop Thinking Like a Homeowner Intro
00:01:22 - Adopting an Investor Mindset
00:01:55 - Mindset Example
00:06:18 - Rental Income & Cash Flow From Investment Properties
00:08:13 - Refinancing & Remortgaging Properties
00:10:47 - What If Prices Don't Double?

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16 июл 2024

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Комментарии : 17   
@Gizimizi
@Gizimizi Месяц назад
Why not set up an offset mortgage on your main house. Use the rents from the other 4 houses to pay down your main house. You would end up paying off your main house quicker than 10-20 years. Clysdale bank lets you link up to 12 different savings/current accounts against your offset mortgage. The more you have in those accounts the less interest you pay on your main mortgage. Automation makes this simple.
@SimonZutshiOfficial
@SimonZutshiOfficial Месяц назад
Yes you could do that if you want
@johnporcella2375
@johnporcella2375 Месяц назад
I must have watched the 'How To Release Equity From Your Home' more than half a dozen times in my PIN Kajabi. An excellent video today, Simon, and inspirational. There is a limit to how much can be refinanced from a property and still be able to claim the mortgage interest as a tax deductible business expense; it is limited to the acquisition cost of the property.
@SimonZutshiOfficial
@SimonZutshiOfficial Месяц назад
Glad you enjoyed it John!
@mohmda4449
@mohmda4449 Месяц назад
The risk only lessens once youve paid off your own home and have enough to cover your living expenses. Until that point be very very careful with interest, fees and costs. Its easy to make friends on way up, not so easy when on way down, people are like that im afraid.
@SimonZutshiOfficial
@SimonZutshiOfficial Месяц назад
Of course you need to learn how to do this properly
@johnporcella2375
@johnporcella2375 Месяц назад
Huh-huh...he said "Home owner"!
@johnporcella2375
@johnporcella2375 Месяц назад
Better still would be NOT to ever pay off the mortgage of the main residential home! Why? To use the equity from the investment properties to purchase more investment properties to generate more cashflow. Extending the duration of the main mortgage would mean that for several decades, the portfolio can be grown and grown.
@SimonZutshiOfficial
@SimonZutshiOfficial Месяц назад
You will need to pay off your own home at some as mortgage companies do not like to lend beyond a certain age
@johnporcella2375
@johnporcella2375 Месяц назад
Pity.
@adamright17
@adamright17 Месяц назад
VERY strange numbers. House for £200K with monthly rent £2500 ? Where can you find such houses?
@GeorgeHarton-hq8hm
@GeorgeHarton-hq8hm Месяц назад
It’s probably base off of HMO figure, that would add up maybe £625 per room on a 4 bed😊
@johnporcella2375
@johnporcella2375 Месяц назад
You could turn the houses into HMOs or SAs. BTL alone would not work, sure.
@adamright17
@adamright17 Месяц назад
@@johnporcella2375 thanks John, so basically everything looks so nice and easy in the video, while in the real world it means - get yourself two more jobs, lots of risks and see if you can manage..
@johnporcella2375
@johnporcella2375 Месяц назад
@@adamright17 Why not hire a lettings agency or staff to run it or them?
@johnporcella2375
@johnporcella2375 Месяц назад
@@adamright17 Nobody said that it was 100% passive, but it is the best chance that most would have to make a decent living.
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