Cheap refurbishment and maximum rent charge, Matt can't go wrong.

@@gambrydew2059 I’m delighted for him, he’s a good spud!

@@commuterbranchline8132 At the end of the day Matt's a businessman, he's here to make money, charging £300 per week for that property is a little bit to high considering the small amount he's spending on renovation and man power.

Surely not

Keep moving forward. X

Oh I've just said the same thing 🙄

You beat me to it.

Agree! I'd also put a dishwasher back, who can live without one of those and I'd also rip the bathroom our and add a fabulous bath sized shower for a premium feel. All the best.

​@@nealthomas5346 me and plenty of other people it takes two minutes to wash dishes by hand which also makes your skin nice and soft afterwards and saves electricity which isn't cheap these days, plus the cost of a dishwasher.

@@Iori.Thomas agree, dishwashers are a mostly pointless and wasteful appliance particularly in smaller houses. However I wouldn't say hand-washing makes your hands softer, I actually find the reverse is true unless you wear washing up gloves.

​@@Iori.Thomas agree.. find them pointless and waste of money

​@@Iori.Thomas Lol washing up dries your skin you numpty.

Good suggestion but it’s too late now 😂

That’s what I would do. Can’t stand a washing machine and hot water tank in the kitchen

Can you block up the kitchen door? Fire regulations might prohibit such a change

😂 I’m like Dr Seuss

No no no. It’s modern and warm

Grey is depressing and common. What plant are you on?

Massively so. But when he rents it out he'll be getting massive gains bruv innit! Or at least that's what his head will be telling him. I'd love to see an end to this profiteering at people's misery seriously!

‘Profiteering from people’s misery’? What planet are you on?

Thanks! Maybe one day

touchstone and progressive property have youtube channels that cover these topics

I would avoid property training courses. They promise dreams, but they make their money from selling courses then from property. Read about the soldier Danny Butcher who spent £13k on training courses....

Yes!👍

Oh wow

That's the plan! Thanks

In the South East landlords are making abt 4% BEFORE tax and that's only if they areortgage free. Rents are high because property purchase prices are high.. If you want lower rents then build more housing or encourage (thru investment and tax incentives) migration away from the South East..

Still cheap houses about obviously the area is another question.

Unless incorporated landlords can no longer put interest on loans as an expense against tax.

U want cheaper rents? Build more homes...Rents are high because house (purchase) prices are high. Most landlords in the South East of England which has the highest rents are making 4‰ before tax and only then if they have zero mortgage... Rent controls will reduce supply.. Clearly, rather than less 4% before tax, landlords will sell up ASAP. A few sitting tenants will be OK... Until they need to move for work or a larger famaily. Immigrants and the young are the most adversely affected. Build more houses and it dosen't matter if it's more Council or private. Build enough Council homes and all rents will drop.. Build enough private housing and Council rents will drop as Councils increasingly compete with private landlords for tenants.. . You might want capitalism replaced by Soviet style state control (?) but until then one needs to think about people's housing needs.. Rent controls are stupid but a crowd pleasing popularist measure.. Like hanging or deportation to Africa for Ayslum seekers..

1 bed in london around me is £1800 pcm rent.

The council should be buying up these old homes, fixing them and building more. It does not make sense a person who cant afford a mortgage of £800 can pay £1200 for rent. Maybe the council should increase rents so after they are paid off after 30 years?

I have to say videos like this absolutely rile me up if I'm honest. It seems to be a British thing; buy a property in order to screw someone over and make "massive gains".Even worse when it's an ex council house. And I'm speaking as a homeowner who worked bloody hard for years to even afford my 4 walls and roof. I really feel for anyone under the age of 45.

​@@kristinesharp6286 exactly if you can afford that rent.. which is expensive.. yet a mortgage cheaper...

@@kristinesharp6286 Councils were forbidden from spending the proceeds of council house sales on housing. They were required to reduce debt and spending instead. Now that's not that bad an idea in some ways but some of the councils that pursued this policy most vigorously are now bankrupt. I'm trying not to mention parties here as they have all messed up, but one beginning with C has messed up most by far it seems to me.

@@timhancock6626 Brexit should have happened long ago. I know the council does not officially house migrants from EU or further abroad who managed to get into the EU. But the government sure is when there are children involved or a person from seven countries over asks for refugee status. Once a job or claim of study happens you know the councils get involved as they get a different classification. Only 11% may be in such properties but they are getting gov money to be in private rental housing. England should be taking in a bazillion people particularly from places they went galavanting to centuries before to control. Which brings the other problem. Everyone in this category wants to be in London or 2 other city areas. The gov pays more for someone to be in bed and breakfast than in a modest property. If it is because it saved taxpayer money it would be sitting around somewhere. Just keep believing what they tell you. I think they need another program for the people above social housing income. The gov is in control of the permits. Demand building refurbish or construct x number of homes for a certain price. They want to build their higher end properties they have to meet the quota. Then there is people resisting all building for the environment God help us all. Your king who bought into and sells this nonsense had an idea for a eco built community but there was resisters on the green side for that. Really they think Charles wants to hurt the earth? 17% in social council housing is a high figure. I do wish the council could buy up and do up some of these old properties. It would make sure to mix up neighborhoods of various income levels. They seem to have tear down so much of their housing stock for damp.

All depends on the area.

No rats around. Too many cats.

Just thinking rather that a standing Fridge Freezer, maybe stick in 'Under the Counter' Fridge and 'Freezer' and get as near as matching piece of counter worktop material and run same across for more counter space and then you could have a LARGE Condenser Dryer under the Counter too...giving more flow , the Kicker is once you provide the likes of a Dryer the Tenants then can't complain that they ARE NOT ALLOWED to bring in Airing Racks and the likes of same into the property, causing Mould and Dampness within same, be aware of this and flag same and get this put into the Contract... dampness will degrade a Property and the Tenant will even blame the fabric of the House rather than their Lifestyle... moist air Extraction and good Ventilation is also necessary so even upgrading to serious Fans in the Bathroom and Kitchen will works wonders to reduce high humidity levels.. Of course some means of Over the Hob Cooker Extraction would also help... good luck with your Property, i'm sure you will get good Tenants who will look after same, Great Upload.

Good stuff! I think that’s the best way

@@highpeakproperty your doing great bud, I started with cars and got into flats, bedsits in the 90s,should have kept cars going as good money, but I just focused on property rental, it was OK but a few car deals along the way would have helped a lot, it was slim margins on rent, so your doing the right thing.

More to come!

@@highpeakproperty Great! I like your passive income thought process. Did you happen to read Rich Dad, Poor Dad?

Exactly

Good point!

Also a lot of pit falls putting property into LTD companies

@@Dogsd1ck like what? I can only think of pros, not cons.

@@aliasgharkhoyee9501 like no capital gains tax allowance, like double tax if you take a salary and dividends, like additional fees when buying via buy to let mortgaging, but what would I know I’ve only been a landlord for 23 years….

@@Dogsd1ck wouldn't that be offset by the fact that you can deduct your business expenses/costs therefore the profit is much lower (and taxes are only a % of profits, rather than on total income)? And of course, corporate tax rates are much lower than personal income tax rates (beyond 50k).

Thanks 👍

Colder to keep them. They have another set of patio doors.

Decking rots very easily keep it to slabs, level of course, your dislike of patio doors really doesn’t matter your not living there, doors opening out blow in the wind, and children walk or bang into them, it’s real, I have the wind take the door out of my hand and smash it, that cannot happen with a patio door. Depending which way your facing, having a door opening through the summer keeps a breeze going through the house, even if you don’t sit outside, and children are always in and out to play.

Is it?

Do you get a prize 🎉?

I thought I was

@@neonskyline1 nope it was me☺

Thanks! Nope, definitely not

Glad you like them!

😂 I don’t think you can say things like that any more. You’ll get some abuse in the comments

I’d love to do that one day

There’s no secret really

The reason you don't have affordable housing anymore is because of government help to buy schemes, these only exist because of large property developers lobbying government so the can sell their houses and it also pushes prices up. Government has no business in backing private mortgages.

Don't hate the player hate the game, you can play to if you're willing to put in some hard work instead of whining about it. Negativity breeds Negativity. Put some of that energy in to getting on instead of getting on someone else's back who is having a go. Good luck and good day sir/madam.

@@davidwhitton5519 Let me just talk you through this slowly: social housing stock has been sold off, that's the game. People like this guy are profiting off stocks of housing that are increasingly unaffordable for the vast majority of people whilst we have a homelessness and cost of living crisis, so that's the player. In this case, I certainly deplore the player and the game. Speaking only for myself, I'm in affordable housing and relatively comfortable given the current economy this has nothing to do with my personal situation.

​@David Whitton be above the game and realise the long term damage being done. Renting is a form of usury, using someone as a slave to pay your mortgage, that they have no choice in doing. Should be illegal. 1 her per family only to be lived in.

​@@johndavies4644 if you ain't renting your paying a mortgage, either way your paying someone. Are you saying you should automatically be afford the right to be gifted a home for nothing? nice thought work me through how that would work, I'm actually interested if you have an idea how this would take place.

@kerrie1793 I've got to say as someone who's a homeowner I totally agree with you. It took me bloody years to get my own pad, and the amount of times I was gazumped because of some boomer landlord or some twatface buy to let scumlord is unreal! I even got gazumped on an ex housing association house that had been trashed by an ex tenant...that house ended up having very little work doing then got shoved on Airbnb for a year, then divided up into a HMO! I'm in my forties now, with kids, but the housing situation in this country is a fucking travesty. Krusty and Phil, that Beeny woman and Homes under the Hammer haven't helped! It really is an "I'm alright Jack" thing over here, and fuck everyone else! Vids like this really do piss me off, I have to say.

Perhaps you should spend less time complaining on the internet and do something about it 😂

Thanks for the tips!

Thanks!

That's a great idea!

Thanks 👍

Yeah coming soon