Limited Co Property Q&A - Tesla, Refurbs, Amex Card, and Holding Company.
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@Brandon_S_ 2 жыл бұрын
This is probably the most I’ve learnt in one of your videos man, I truly appreciate it as I had no clue about holding company’s. And funny enough I think this is indirectly applying to me because I have my whole idea and thought I could do something like a holding company (but with 2 Ltd) not know it was a thing, I’m glad it is since that might be the route I take when I begin
@JustinWilkins 2 жыл бұрын
👏 amazing to hear mate. Thanks for watching, glad it was useful!
@RachelleReign 2 жыл бұрын
Always enjoy these videos with your accountant!
@JustinWilkins 2 жыл бұрын
Thanks!
@hessam97 2 жыл бұрын
Really appreciate your videos Justin. Thanks
@JustinWilkins 2 жыл бұрын
Pleasure! Appreciate you watching 🤝
@samuelramzy8492 2 жыл бұрын
Great video as usual mate 👍 keep going man hands up from Brighton.
@JustinWilkins 2 жыл бұрын
Legend, cheers Samuel 🤝
@louisleaning2624 2 жыл бұрын
Excuse my French - but this is the shit we need !!!! ⭐️ ⭐️ ⭐️ ⭐️ ⭐️
@JustinWilkins 2 жыл бұрын
Haha yes Louis 👏
@ProWhitaker 2 жыл бұрын
Could you do a comparison of just a Ltd company (is that what you have now?) And setting up a mixed partnership, in relation to the different taxes and extracting money out for yourself. Thanks for the video
@TejTalks 2 жыл бұрын
Great video - I love AMEX
@JustinWilkins 2 жыл бұрын
Haha 😂👌
@thetravelking Жыл бұрын
Great video - very insightful! I was told it was beneficial to create a new SPV every time I wanted to purcahse a new property vs. creating a holding company and having SPV subsidiaries. What are the advantages and disadvantages of doing either one?
@JustinWilkins Жыл бұрын
From what I’ve learnt and been told over the years, if you are flipping properties then you should have a different company from investment / buy-to-let properties. But a different company for each investment isn’t necessarily the right thing to do. I would recommend speaking to a couple of different accountants to increase your knowledge on it before making a decision 🙂
@v3eem938 2 жыл бұрын
Brilliant video
@JustinWilkins 2 жыл бұрын
Thanks!
@Holdeenio 2 жыл бұрын
Great discussion. I recommend AMEX cards for all possible spend to collect those rewards (business & personal). Love the insights around company structures too. I’m not sure if more suited to a mortgage broker than a tax adviser, but how do the lenders view a BTL SPV as part of a group? I’ve heard on the grapevine that not many lenders will accept this structure?
@JustinWilkins 2 жыл бұрын
Cheers Samuel, good to hear you’d recommend Amex cards. Been something I’ve been thinking about using for a while now. I must say I’m not sure when it comes to group company lending. I’m not sure if the bank consider it part of a group, or it’s own individual company … I’ve got friends that have this structure with multiple BTLS and HMOS. So I’m sure there must be a way around it!
@Holdeenio 2 жыл бұрын
@@JustinWilkins I gave them five years of loyal service so I should know 😉 if you do go for it (business or personal) ask an existing member for their referral link. It’ll get you both extra points for free 💷 👌🏼 Regarding the group structure, I know it’s possible and definitely see the appeal, just curious on the lending side. Over the past few years the LTD CO. lending has opened up massively so I’m sure it’ll only improve.
@richardskinner8395 2 жыл бұрын
Great video as usual you should do these every 6 months
@JustinWilkins 2 жыл бұрын
True! I’ve done one every 12 months the last few years, but can’t go wrong with more
@ajaynandakumar1 2 жыл бұрын
Hi Justin, Great content . I am nee BTL landlord, bought my first property .I am looking to contact socialise with like minded people, and I came across your channel. I would be glad if we can have a link up and probably have a informal chat about yours and mine experience ?
@adrenalineisbrown 2 жыл бұрын
Why do u need 100k profit in your account to buy the 100k car if you are leasing it (taking a loan on it of 100k)?
@Zero-Investing 2 жыл бұрын
A good question to ask: The mortgages are in the company name. If there is a new director or shareholder added to the company, do they then own that certain percentage of the houses?
@JustinWilkins 2 жыл бұрын
My understanding from recent conversations is that yes this can definitely happen - the director can’t buy in for say £100 a share though, they have to buy into the company at their % of the property value. Hope that makes sense
@GalliWayno 2 жыл бұрын
What does spv mean?
@JustinWilkins 2 жыл бұрын
Special purpose vehicle 🙂👍🏻
@manumistry7997 2 жыл бұрын
what is S P V ?
@JustinWilkins 2 жыл бұрын
Special purpose vehicle, which is a type of limited company 🙂
@jamescurrie7678 2 жыл бұрын
Hey Justin, do you work with any partners? I am interested in working with someone in 2022
@JustinWilkins 2 жыл бұрын
Hi James, Thanks for the message mate. In terms of partners, do you mean for business or property ventures? Feel free to drop me an email at sourcing@property-x.co.uk
@jamescurrie7678 2 жыл бұрын
@@JustinWilkins thanks Justin dropped an email across yesterday 👍
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