How To Buy Your First BTL Investment Property (Start to End)
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Күн бұрынComprehensive guide on how to buy your first buy to let investment property with the least amount of risk and aggravation from start to end. Watch this before you buy you're first buy to let investment property.
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This video covers all steps to learn how to buy your first investment property from assessing an area, the types of property to buy, funding your investment, making offers, property due diligence in contract and management your buy to let property.
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00:00 Intro and My Brief Story
01:35 Area Expert
07:27 Property Type
08:25 Money Talks
13:35 Making Offers
15:32 Due Diligence
19:50 Management
#buytolet #firstinvestment #propertyinvestingwealth
@StephenDuncombetv Жыл бұрын
🏘 Property Accelerator Waitlist 🏘 Learn how to build a profitable property investment portfolio from scratch! Build a passive income, that has the potential to replace your earned salary, starting with £40,000. 👉 bit.ly/3fyyBpN
@xZaiiNx Жыл бұрын
wow, amazing value you're providing, Thank you Stephen and keep these videos going :)
@StephenDuncombetv Жыл бұрын
Thanks, I'm happy you're getting value from them. 😀
@saithekiller Жыл бұрын
Very informative video!! Your content is so helpful thanks!
@StephenDuncombetv Жыл бұрын
Thanks for the kind feedback.
@oatzman213 Жыл бұрын
Great work Stephen, deffo a fan of your vids. Loads of gems 💎💎💎
@StephenDuncombetv Жыл бұрын
Thanks I love gems 💙🏠
@AHappyBunny 4 ай бұрын
New subbie off the 1st video of yours that I watched. I like your delivery style which is informative, detailed, easy to understand, and isn't condescending. Thank you.
@StephenDuncombetv 4 ай бұрын
Thanks that’s great to know. 😀
@yashs9640 Жыл бұрын
Nice video mate, please could you do a video regarding how to choose and manage with the refurb/builders team once you’ve bought a house? Thanks!
@MrHCars Жыл бұрын
New sub here mate! Enjoying the vids so far & appreciating the helpful tips and info. (You also kinda look like Nick Knowles 😂)
@StephenDuncombetv Жыл бұрын
Thanks bud!!!😆
@richardwhite1120 Жыл бұрын
Good evening Stephen. Very helpful content. For a beginner of modest means do you have a view on the pros and cons of buying a flat or terraced property with a tenant in situ. Many thanks, RW.
@lloydbriggs7126 Жыл бұрын
New subscriber! Great content. I have a question. I’m wondering whether you think it’s a good idea to purchase a town house that is split into multiple flats, say 3, and live in one and rent out the other two as my first ‘home’. Also would I be allowed to do this with a residential mortgage? Also, follow up question, would you recommend this as a viable strategy for someone who wants to move out of their family home, gain some rental income, but also have privacy, i.e., avoiding having to lodge rooms and share communal areas. Preferably I’d want to live for free, so the rental income exceeds my mortgage plus home insurance, etc.
@StephenDuncombetv Жыл бұрын
Hi Lloyd, I think it's a great idea but if its already split into flats you may not be able to get a residential mortgage on all of them. You would need to check with your broker. What would be even better is you buy a town house on a residential mortgage and then split it into flats and then rent out the flats. Bit more work but it's the outcome you want. This is a great approach to 'house hacking' and living for free.
@hafudhhassan6510 Жыл бұрын
Could you give some recommendations for any mortgage brokers?
@cyprus-selectestates 11 ай бұрын
Casey style ❤
@WickedWaynee Жыл бұрын
I want to get into property myself! I also want to get out of my mothers house and have my own freedom! I’m thinking about getting a below market value property, refurbing it, refinancing to pull out my initial investment and then living it in whilst renting the spare room out to a lodger. This way I can live rent free. I could then continue growing my portfolio or even wait 2 years to avoid stamp duty. However, I’d rather pay the stamp duty than waste 2 years lol
@WickedWaynee Жыл бұрын
By the way, the reason I’m doing this is because I haven’t got my own place therefore don’t want to miss out on the 5% deposit I have available to me. If I just buy a buy to let, I need a much bigger deposit which currently I don’t have. By allowing myself to live rent free, I’m able to save more for my next property and perhaps even gain some capital appreciation. Thoughts?
@StephenDuncombetv Жыл бұрын
Sounds like a good plan. I would get on the housing ladder first if you can with a 5% deposit. Makes total sense and rent a room. Great idea, good luck with it.
@WickedWaynee Жыл бұрын
@@StephenDuncombetv thanks for the reply! Perhaps getting a house that needs some work done would be ideal that way I could do as you said, increase the value the refinance and pull my money out so that I’ve got funds for my next adventure. What would you recommend once I’ve got my first home and renting the spare room out, next step?
@StephenDuncombetv Жыл бұрын
Lots of options really but if you want to build a buy to let portfolio. Save for a deposit on a place in need of modernisation.
@hafudhhassan6510 Жыл бұрын
I would appreciate your kind reply and help on giving any of the mortgage brokers that doesn't charge any fees?
@StephenDuncombetv Жыл бұрын
It’s all about negotiation. Stay away from the obvious big ones and look for one that is local to you and build a relationship with them. You may have to pay for your first time but after you’ve shown your an active investor you’ll have more leverage to not pay a fee.
@tradingwizard8057 Жыл бұрын
Hi I am in the position that I have roughly 30k to start investing in property to get myself as many properties that I can. Would you advise to wait to see what happens with the down turn in property values. I don't want to flip houses I want to buy to let. Any advise would be grateful.
@StephenDuncombetv Жыл бұрын
Hi property will start to go down and sideways over the next 24 months at least. I don’t like to say wait as there’s always deals to be found at any time. Just more in a buyers market. It’s definitely looking like a time to buy over the next 12 months though. Look at my video on 0 to 10 properties as to the approach I would take if you’re starting with £30k. Good luck.
@user-id8dm2co1f 8 ай бұрын
Stephen I've got 150k liquid - No assets so far. Should I buy a home for myself live in it, refurb and then rent out and refinance etc? Then look at growing from there? I'm 29, looking to be making 10k + monthly by 34 years old. Thanks Chris
@drummingspain207 Ай бұрын
🙄
@JM-tm4hb Жыл бұрын
No stamp duty tax for a £100.000 property.
@voidvr2607 Жыл бұрын
There is a 3% stamp duty charge on the purchase of a second residential property (Buy to let or a second home, for example), this 3% charge is on top of any existing rates that are in place, therefore, while there is normally not a stamp duty tax on the purchase of a property under £125,000, as it is a second property this would now be charged at 3%. For Stephen's example, the house costs £100,000, 3% of this would be £3,000. Also, the 3% is applied when the value of the second property is above £40,000, therefore, if you were to buy a second property worth under £40,000, you would not pay any stamp duty. Hope this helps! :)
@richardp1517 Жыл бұрын
Dunno mate you lost me when you advised putting a deposit in stocks and crypto 🤣 could easily lose that value as well
@StephenDuncombetv Жыл бұрын
Yeah but it depends on your appetite for risk as I said in the video. I show you my investment at this time in S&P500 and if you look at the numbers you'll see it had gone up 10% in 3 months. Again depends on your own appetitie for risk and rewards. I am not telling you to do it only its an alternative way and I do it myself on an amount I am happy to potentially get a better return than dumping it in a savings account and getting 1.85%. You decide. Thanks for watching though and I appreciate the feedback. 💯
@benodonnell6661 Жыл бұрын
You will not lose value if you invest in S&P 500. Guaranteed at least 5% ROI and it’s been around 10% the last few years. There’s also other investment strategies to get an even better ROI but more risky and less guaranteed. Just do some research and you’re unlikely to lose your money. It makes more sense sticking your savings in stocks cos it won’t lose value to inflation which is typically around 5% as well
@drummingspain207 Ай бұрын
@@benodonnell6661 'guaranteed'? Nothing's guaranteed mate... ANY investment has the potential for increase and decrease in value
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