I just bought my house in cash. I was going to buy 4 rentals on an LVR of around 30% each, but I'm instead going to buy 1 rental outright in cash in 2 years of saving (which should be able to save with no mortgage and the market won't run away in the meantime with the interest rate hikes on the way), then another in a further 2 years, then I'll semi-retire, I'll be 39. Net worth on paper im not too fussed about; having little to no life costs + cash flow coverage to live on I'm more interested in (so I don't have to work 40+ hours a week anymore).
@RDR1456 Жыл бұрын
I agree, this video is based on interest only which is not peace of mind for many.
@Mr_Sh1tcoin Жыл бұрын
@@RDR1456 rubber dingy rapids bro
@evieemaya88 Жыл бұрын
hey Pal, really liked your take on this. i feel my mind set is very similar to yours based off your comment. I am pretty new to this stuff. I was hoping if you wouldn't mind, explaining your above comment but using the actual numbers of what you have done, so how much was your house, how much are you charging rental etc,
@tkhan72793 жыл бұрын
Subscribed for 2 reasons. Clear concise content and number 2 that writing board. It's great. The sound the numbers is great :-)
@JamieYork3 жыл бұрын
Thank you very much!
@A08Fokrul3 жыл бұрын
Hi Jamie, can you do a video on how tax may be dealt with when going into buying more than 1 buy to let property, either as a company or as an individual. Thanks
@JamieYork3 жыл бұрын
Great suggestion!
@coolmaan5073 жыл бұрын
@@JamieYork this would be a great video
@mz20812 жыл бұрын
@@JamieYork hi even id like a vid like that
@johncrowley6243 жыл бұрын
Great video, just came across you the last few weeks, love how you explain some of the sticking points with certain strategies that other channels don't want to cover.
@JamieYork3 жыл бұрын
Awesome, thank you!
@nassimelias48713 жыл бұрын
hi Jamie i have rough an idea about what you said but your explanation has blown my mind . thank you very much for your efforts to make this things looks easier. just wowwwwwww thanks again
@JamieYork3 жыл бұрын
Glad it was helpful!
@LiamR90 Жыл бұрын
The property market has been far too kind to me and my wife the last 7 years. I've always flipped my primary residence after 12 months and earnt around 200k in 7 years doing this, avoiding capital gains etc. In 2015 when I joined the Army at 25 I was penniless but made sure to save and get on the ladder ASAP! 18 months later I met my wife and we've just slowly worked our way up since. I think with interest rates rising the next couple of years I'm going to switch strategy though. I'm on a 5 year fixed rate at 1.24% (4 years, 4 months remaining). If interest rates rise to 6% I'd be paying an extra £500 a month. So the plan now is to down size in 4 years and buy a property outright. Then I can slowly move up the ladder flipping houses mortgage free whilst also using our incomes to start a limited company and finally start building a Buy to Let portfolio. Plus being mortgage free will also be a massive stress reliever whilst I'm transitioning out of the Army.
@zzzo450910 ай бұрын
I'm joining the Army. Any advice on my situation my sister has a 700k house approx in London her payments are going up and its like a snake on her neck she owes about 250k on it. Any advice on what to do?
@LiamR9010 ай бұрын
@@zzzo4509 What are you looking to do the in the Army? I'd look at job where you walk in as a Lance Corporal. Either RMP or Avionics Technician. The REME will give you a trade that you will do regularly. Once you're in the Army. If you name is on the council tax of somewhere and you pay a utility bill then you can get Get You Home (GYH) pay. It's a good amount of tax free money to help with fuel costs. I think it's 25p per mile which you can top up with a tax return to 45p per mile. If I was your sister I would sell the property. Take the £450,000 equity and other savings and buy a house with cash. That's probably an extreme plan for her though and more of what I'd do personally. It all depends on her work and where she needs to live. If I was you, if you haven't owned a home yet, start a Cash Lifetime ISA and put 4k a year into it. It will become 5k instantly from a government top up, will gain interest and can be used to purchase your first home.
@kenosky91633 жыл бұрын
So happy I watch this video..... My plans re now set.... Longtime I ve been trying to understand dis properly... Now I do... Thks
@JamieYork3 жыл бұрын
You're welcome!
@imjustnav3 жыл бұрын
I just watched this video like 3 times!! Amazing videos Jamie!
@JamieYork3 жыл бұрын
Wow, thanks!
@chichichino73483 жыл бұрын
Good stuff. One of the most informative and clear explanations backed with numbers. Loving your whiteboard as well!
@JamieYork3 жыл бұрын
Much appreciated!
@MrLucas20803 жыл бұрын
Learning loads from this channel..... thanks for sharing!
@JamieYork3 жыл бұрын
Thanks for watching!
@MrLucas20803 жыл бұрын
@@JamieYork do you do any other training.... am trying to start in this industry and need help in terms of mentoring and generally someone to advise in different situations..... just thought I’d ask the question..... thanks again!!
@matthewwilliams5445 Жыл бұрын
Ideal breakdown thanks a lot.
@JamieYork Жыл бұрын
Glad it was helpful!
@matthewwilliams5445 Жыл бұрын
@@JamieYork I was wondering if this stands as true in this current market?
@devineolubakin30912 жыл бұрын
I'm newly suscribed , I thought if u buy it outright is best because u never have to pay rent anymore
@paulbine32973 жыл бұрын
This is amazing. The main man!
@JamieYork3 жыл бұрын
Haha, thanks mate!
@vincentkenny18713 жыл бұрын
Very interesting! And put together well. Thanks for sharing your knowledge. I will follow more of your videos. Cheers!
@JamieYork3 жыл бұрын
Welcome aboard!
@keanuperi82693 жыл бұрын
Great video, makes perfect sense. One thing I’m just a bit confused about is after an interest only mortgage how are you able to sell it if you don’t own it by the end of the mortgage?
@nardsmath35113 жыл бұрын
Another great video, really cleared up remortgaging the increase in value
@ianh98713 жыл бұрын
not always a good idea, many people have done this repeatedly, then when they sell, they forgot the 18%/28% CGT on the full gain since purchase, for LTD buy to lets there is no annual allowance either
@JamieYork3 жыл бұрын
Glad you enjoyed it!
@redhot6632 жыл бұрын
What if you have no interest in property investing and just want to buy a house to live in. Would you say buy a £200k house in cash to live in a modest house or get a 25% L:V mortgage to live in a fancier £800k house? Or the third options which would be to rent but put the £200k in stocks? Which option ends up with more money in my pocket after 10 years?
@margaretmpbh9996 Жыл бұрын
Hidden in the terms and conditions of a mortgage you give the bank Power of Attorney.
@cryptovision11853 жыл бұрын
Brilliant explanation as ever Jamie, well done!! am learning mate👍
@JamieYork3 жыл бұрын
Thanks bud. Glad you’re getting value!
@sichuan3853 жыл бұрын
The issue I have with mortgage, I have a limited company to own and acquire properties. My previous experiences applying for BLT mortgagae for business has not been great. The process is very slow, fee is high and the rate is high.
@JamieYork3 жыл бұрын
Yep, they're crap BUT it's necessary if you want to scale at a faster rate of course :)
@debbyshapiro21252 жыл бұрын
Love your energy.Jamie clear and generous. Debby South Africa
@Peter-MH3 жыл бұрын
Some great videos on this channel! Not sure how these sums add up if inflation & hence interest rates start rising though, which looks likely. A long term fixed rate would be a great inflation hedge, but there aren’t many over 10-15 years in the U.K.
@JamieYork3 жыл бұрын
Inflation is a bit of a buffer to be honest but is needed a lot of the time for growth. I have separate inflation hedges but there’s a limit to what you can do. I wish there were longer fixed in the UK but a majority of the decent rates are up to 5 years most of the time, unfortunately!
@kadencairo50843 жыл бұрын
I dont mean to be off topic but does someone know of a tool to log back into an instagram account..? I somehow lost the account password. I would love any tips you can give me
@roccoleland8913 жыл бұрын
@Kaden Cairo Instablaster =)
@kadencairo50843 жыл бұрын
@Rocco Leland I really appreciate your reply. I got to the site thru google and im trying it out now. I see it takes quite some time so I will get back to you later with my results.
@kadencairo50843 жыл бұрын
@Rocco Leland It worked and I actually got access to my account again. I am so happy:D Thanks so much you really help me out :D
@timburcham35632 жыл бұрын
You sir are a magician great content
@JamieYork2 жыл бұрын
Haha, thanks so much 💪
@kennethsmith296 Жыл бұрын
Hey, me and my partner have come into some money and we aren't very savvy with this stuff, but we just want to buy a few properties and are looking 20 - 30 year long term. We just want to earn an amount that makes life comfortable for us until we retire.
@danjillings88253 жыл бұрын
What would you do to protect yourself against repossession/high interest rates if there is another crash like 2008? A video on that would be great 🙂
@alfiecroft24353 жыл бұрын
Essentially you don't want to be overleveraged on the whole which essentially means you want to hold on to equity, say you have 10 properties each at £100,000 which you have a very low 15% equity in (85% is mortgage), you have £150,000 equity on a £1m portfolio, if everything went wrong and a recession hit which had a significant impact on house prices and say you didn't have any income or savings other than the property, those properties are now down 20% (£80,000). You still owe the mortgage provider £850,000 if they call in the mortgage but even if you sell all 10, you'll only have £800,000, you'll declare bankruptcy. It essentially comes down to don't stretch yourself too far, simple as that, your own level of risk will play a part in what you deem is too far. Sorry I realise I may have made this sound more complicated than it is, its essentially negative equity.
@JamieYork3 жыл бұрын
I don't even need to comment! Don't over leverage yourself on your mortgages
@danjillings88253 жыл бұрын
@@JamieYork how would define over leveraging on mortgages? How many is too many? What rules do you work by for that?
@ashford373 жыл бұрын
Great video on paper so much better to buy more properties though 4 x properties what about maintenance costs void periods etc etc makes it a lot more work but is great education thanks
@JamieYork3 жыл бұрын
Good point but you should allocate around 10% for this reason!
@ups55573 жыл бұрын
@@JamieYork great content Jamie. Can I ask- 10% of what budget should I allocate please?
@joline27303 жыл бұрын
YES, I read every word on any contract - you should never sign your name to something where you don't know what will happen in certain circumstances. If you don't understand it, then ask your solicitor to read it and highlight any important points that you should be aware of.
@JamieYork3 жыл бұрын
Good advice Jo
@stephen62623 жыл бұрын
sounds great but if a crash big negative equity. But if it goes well massive profits
@JamieYork3 жыл бұрын
You’re spot on my man! This is where you need to be smart and NOT over leverage. Personally I’d have the long term aim of between 25-50% equity in each property. If you leverage too much higher than 75% I just see it as unnecessary over exposure
@annasdw9466 Жыл бұрын
Hi Jamie. Would you make a video with just a few real life examples (with real figures and their full breakdowns) for BTL properties you invested in or helped someone else invest in?
@JamieYork Жыл бұрын
Sure thing :)
@BLAH-b5u Жыл бұрын
great content. total wizardry
@JamieYork Жыл бұрын
Glad it was helpful! Thanks for watching!
@user-st2se9uq6m3 жыл бұрын
This was perfect for me. I was about to contact you this week to ask your thoughts on what I should do with £300k Thanks for explaining some simple examples.
@JamieYork3 жыл бұрын
Hit me on Insta mate @jamieyorkaspire More than happy to have a chat!
@venancemotema9142 Жыл бұрын
Hi Jamie, great video. When you say " YOU CAN REFINANCE 75% OF £1,021,625" do you mean that we can get a loan of £766,218? Pay off the initial mortgage of £600,000 and buy 3 more houses of £200k each?
@TheAsylum100 Жыл бұрын
Lol I will stick to cash buy and flip asap. Dont want to sit on a property for five years and pay stupid amounts GGT. Dont forget the more you make the more tax.
@JamieYork Жыл бұрын
Sounds like a plan!
@Octive3 жыл бұрын
would you ever do a video of you breaking down your net worth?
@JamieYork3 жыл бұрын
Possibly!
@aminislam46893 жыл бұрын
Brilliant video! Thank you
@JamieYork3 жыл бұрын
You're very welcome!
@craigakerman35813 жыл бұрын
Great video Jamie. One question though, you say that you are not interested in paying down the mortgages and I get that in the short to medium term if you are wanting to grow but surely you would get to a point where the cashflow more than exceeds the lifestyle you want to live so at this point wouldn't you consider starting to pay them down in order to de-risk given that you essentially don't need the leverage? Would love to hear your thoughts on this.
@JamieYork3 жыл бұрын
Great question Craig. As time goes on, the property values increase (on average 5% a year) so if I keep going for 20 years then the the equity I have in property increases and effectively de-risks itself because I will have a high % of the property in equity.
@craigakerman35813 жыл бұрын
@@JamieYork Thank you for answering my question. Completely understand where your coming from - makes sense.
@tkhan72793 жыл бұрын
I was yesterday watching the clean your accounts video. However I accidently clicked on something and it's disappeared. Please can you link again for me as was very informative. Thank you
@JamieYork3 жыл бұрын
Oh no! What did you click on?
@ugochukwuanyanwu83513 жыл бұрын
Amazing breakdown. I am a new subscriber to your channel. Please can you make a video on refinancing? Still cannot get my head around it .thank you
@JamieYork3 жыл бұрын
Great suggestion! It's added to the list :)
@AaronKnightley3 жыл бұрын
Great video mate 👊🏼
@JamieYork3 жыл бұрын
Thanks 👍
@tonyrai29523 жыл бұрын
Very impressive Jamir
@JamieYork3 жыл бұрын
Thank you :)
@alisonnorcross9513 жыл бұрын
It s good but what about when you are old like me . Luckily I did buy 2 5 yes ago . But now I saved a bit I think I could buy another but I want a good deal without too much effort Orr stress
@JamieYork3 жыл бұрын
That is the dream for us all!
@victoriaw69183 жыл бұрын
Great video Jamie! With 150K would you buy one property worth 600K in London that will give you £2500 in rent monthly or would you buy say 3 properties in Midlands that will probably give you the same return?
@Michael.P2472 жыл бұрын
For me I’d buy one in London and stick to it. Having 3 properties in midlands means 3 responsibilities, 3 tenants to manage etc
@Ironhide2583 жыл бұрын
So am I the only one that reads all the small prints ? And then proceeds to have a nervous breakdown lol
@JamieYork3 жыл бұрын
Haha, there will be plenty don’t you worry. But investment is about a little bit of risk from time to time! :)
@yueli19053 жыл бұрын
My question is if lenders will you a 2nd, 3rd & 4th mortgage when I’ve already taken out a 75% LTV on my first? Have I not already “maxed out” on my 4x salary multiplier, or do buy to let mortgages work differently?
@JamieYork3 жыл бұрын
They work differently and are based on Rent coverage
@blackbenny1383 жыл бұрын
Another Great video I already own 2 properties BTL and I’ve been making overpayments on the property that I live in to get it paid off in the next 8years, After watching this I’m debating on taking the £120000 equity out of the property and using it as 3 deposits. The plan is to move abroad in 10 years that’s why I was paying the mortgage off early so I could sell the property buy a cheaper property here to rent out and take say £150000 with me to buy something abroad out right and have the full amount of rent getting paid straight to me from the property I’ve bought outright in the uk. Plus at least another 4 properties income minus the mortgages, hopefully given me an income of about £2500 a month debt free apart from (good debt)👍
@JamieYork3 жыл бұрын
Not a bad shout! Where are you thinking about moving to abroad?
@DeenSomally3 жыл бұрын
Quality video Jamie this is what I was gonna ask you to cover!
@JamieYork3 жыл бұрын
Hope you enjoyed it!
@kryptokeeper26383 жыл бұрын
In the 75% LTV example, surely the total mortgage interest would be £1500pcm (based on £600,000 loan)?
@JamieYork3 жыл бұрын
That’s correct if you assume a 75% and a 4% interest rate :)
@kryptokeeper26383 жыл бұрын
@@JamieYork That's assuming a 3% interest rate, as per your example. If you own 4 properties worth £200k each, and you put down £200k, you're left with mortgages totalling £600k. 600,000 * 0.03 = 18,000pa (£1500pcm). Unless I'm missing something?
@trufoil2 жыл бұрын
Bloody good content, Jamie. I'm a Yorkshireman living and working abroad (Dubai). Do you have/or could you produce a video on BTL property investing if you're not a domiciled resident of the UK, but still a citizen? Appreicate there may be 'ex-pat tax' implications that's beyond your purview for this channel, however it would be greatly appreciated, because I can't find a single 'youtuber' who can explain this clearly and succinctly in your style. Thanks
@aynsleybuggy25222 жыл бұрын
What’s your view on pulling equity out of your residential property for a flip / strong utilisation?
@JamieYork2 жыл бұрын
Can be really good :)
@RakeshBotadkar2 жыл бұрын
You should make a video about how foreigners if they want to invest and stay in the UK to do the property investment with your company, is it a wise thing or not. For example I'm an Indian. I have money. I want to invest in the UK and also live there. Means can I have a company, that invests with you. You go and invest in 2 or 3 properties. And I can split the income with your company? 😶 🤔
@JamieYork2 жыл бұрын
Great idea. For now go on www.aspirepropertygroup.co.uk and fill in your details
@bostonlincolnshire87452 жыл бұрын
Ask Richi Sunak
@smouty20993 жыл бұрын
Another brilliant video. I will have around the 40k mark to start with, do you think that’s enough to BRR? what areas would you recommend? Also any to avoid? Really appreciate the knowledge you are passing on.
@JamieYork3 жыл бұрын
Hey John, depends on what your strategy is. £40K is good for BRR if the Refurb isn't too bad. Cash flow look north and Cap App look at London
@smouty20993 жыл бұрын
@@JamieYork Thanks!
@imaresurcher2 жыл бұрын
how much asset coverage do BTL mortgages require these days before they call in the mortgage?
@eloisebevan13163 жыл бұрын
Hey Jamie! Thanks again for a great video! 🤩 Say that I can get 200k with 4 investors and myself equally fronting the purchase of 4 properties as in your example, how would you split the rental income, the capital released when refinancing and the equity in the property so all parties gain fairly? Sorry for being very specific but this is the actual problem I’m trying to figure out just now! 😅 I would really appreciate any advice 😃
@JamieYork3 жыл бұрын
Hey Eloise, Love this question, are you purchasing within a LTD company? Then it would be paid through income earned to the relevant shareholder
@evieemaya88 Жыл бұрын
Hello Eloise, I was hoping you could shed some information about what you did in the end with this, did you simply take the income rental and divide it by 4 to give it fairly out to each investor.
@steclaire18983 жыл бұрын
Hi Jamie, Is there any disadvantage to someone only just starting on this path fast approaching 60 Yikes!!! My initial stratergy was to buy my first one in cash for around 90k and then if all goes well then get a 75% btl mortgage on another property. Would appreciate your feedback on this. Thanks
@JamieYork3 жыл бұрын
Buy in cash, refinance it after you've added value (if you need to) buy the next. Nothing wrong leaving 50% equity in a property
@sachinkumar43963 жыл бұрын
Nice video Jamie! Thanks! Where do we find the right rightly priced properties that give good rentals? Which regions are better on this parameter?
@JamieYork3 жыл бұрын
Great question, I love doing direct to vendor deals over all, especially using Facebook ads. For me, I LOVE West Yorkshire right now. It's one of the strongest areas for rental profits and capital growth, in my opinion!
@eddiebirch20672 жыл бұрын
Great advice for me as a landlord., thanks pal
@JamieYork2 жыл бұрын
No problem 👍
@jamespunch35803 жыл бұрын
Hi Jamie, I am really enjoying your videos and learning alot. I just need the confidence now to act on some of your thoughts and ideas. I do have 1 question but its in relation to your electronic whiteboard. Could you tell me what it is you are using in this video and where you got it from please and how much it cost? I am a healthcare trainer and this would really help me in my delivery. Thank you so much. James.
@JamieYork3 жыл бұрын
Glad you're getting some value mate! It's a Samsung Flip 2 - I think it cost about £2,500
@djmiserablecunt79322 жыл бұрын
I stopped being able to understand it when it got into scenario's 😞
@kingjay4766 ай бұрын
Debt inflation recession house repossessed recycle. That's what leverage does to society.
@christoph12463 жыл бұрын
So if you don’t have an ambition to build a portfolio you should look to own the property outright? My wife and I recently moved abroad but we still have a mortgage on our 2 bed flat in Surrey. We want to rent it out and I like the idea of using the rental income and our own income to pay off a repayment BTL mortgage quickly or should we be looking at interest only?
@JamieYork3 жыл бұрын
Whats the capital appreciation like in Surrey? If it is good then maybe look at an interest only mortgage so you can have more cash flow each month,
@duttontube3 жыл бұрын
Great explainer. Answered a question I have on my 1 property portfolio, I am about to remortgage my current property that is fully paid for at 350k. Was planning on paying cash for 2 additional properties, but now considering the leverage on getting 3-4 BTL properties with their own mortgages. My biggest cashflow concern is the management costs I'm currently paying in London of around 23%, my assumption outside of London is managed letting service fees will be much lower? Thoughts anyone?
@ianh98713 жыл бұрын
7-10% in plymouth
@JamieYork3 жыл бұрын
If it is a serviced accommodation then 20%, If it is a HMO then maybe 15 - 18% (max) BTL 8 -11%
@BOSHDUB3 жыл бұрын
%12 /15 up north east
@tulypasuli10853 жыл бұрын
Thanks for these wonderful vidoes, really helpful but ine silly question i had was which might make sense to everyone else but not to me was when you said you refinance and have 165k plus 4 properties does that mean paid off or you would still have 75% mortgage on the new value but the bank you give you 165k thats the bit i kinds find confusing if you have a video addressing this point it would be great if you could guide me to it. Many thanks
@JamieYork3 жыл бұрын
So yes I would still have 75% Mortgage!
@tulypasuli10853 жыл бұрын
@@JamieYork thank you for making that clear 🙏.
@scottdougherty58043 жыл бұрын
Great vid! Not sure if this question has been answered before but with an interest only mortgage for a BTL property, how do you recommend paying the capital lump sum once the interest only repayments have been completed? Especially if you have multiple BLT mortgages? Cheers!
@JamieYork3 жыл бұрын
Hey Scott, You'd be refinancing or selling the property before the end of term. I did a video about Interest Only mortgages which is on my channel! Check it out!
@kd3446 Жыл бұрын
Too late now to buy as prices are falling now just waiting it out for the market to bottom out…..
@JamieYork Жыл бұрын
I wouldn’t follow that method personally. You can never price the market. It’s the long play
@mangata42443 жыл бұрын
Another great vid, I have subscribed👍🏽 Quick question mate, I have a financial advisor and I’m paying him 0.50% each year. Do you suggest to continue doing this or to go at it alone? Thanks
@JamieYork3 жыл бұрын
Depends on what he is advising you to do!
@SLADER3143 жыл бұрын
Hey I just had a random question, what do you do about your exit. Eventually you would have to pay off your debt ? Love the videos thanks
@JamieYork3 жыл бұрын
I can either sell the property and take my money back or (more likely) I will remortgage the property every 5 -10 years
@lauragouldson92473 жыл бұрын
Could you do something about holiday lets?
@JamieYork3 жыл бұрын
I have done a video about Serviced Accommodation
@lauragouldson92473 жыл бұрын
@@JamieYork oh didn't know it was the same thing!! Bad start lol 😂
@The_Unintelligent_Speculator3 жыл бұрын
Bob Kyosaki
@JamieYork3 жыл бұрын
The Don
@Hallo-vt5rf3 жыл бұрын
What would you do if your 18 as you can’t get a mortgage
@JamieYork3 жыл бұрын
Get into deal packaging
@prestonmcgurk47723 жыл бұрын
Hi Jamie looking to release equity from my buy to let want that Money to invest in another buy to be please can you advise me of that's the right thing to do in 2021
@JamieYork3 жыл бұрын
Yes! as long as you've not over leveraged yourself
@prestonmcgurk47723 жыл бұрын
@@JamieYork can you give me a example of that please 🙏
@JamieYork3 жыл бұрын
Shoot me a message on insta mate and I’ll give some more personal advise :)
@cleysonbonfim1823 жыл бұрын
whats your advice for a young adult hoping to become a property investor
@JamieYork3 жыл бұрын
Work hard and work smart and Start networking with the right people
@whitton2022 жыл бұрын
IiiThanks
@jordondeannon55013 жыл бұрын
Not watched the video yet but I think the answer is basically "no, you may as well get two-four buy to let's" let's see Edit: grammar
@JamieYork3 жыл бұрын
Smart man!
@jordondeannon55013 жыл бұрын
@@JamieYork hardly mate, all credit to you, next year I'm hoping to refinance my flat because I'm buying it off the council for 50% off. Then I'm going to use that money to buy 2 btls. Or at least one. Btw PLEASE do some community posts like some polls. The KZfaq algorithm is broken at the moment and you will just appear on random people's feeds literary GIFTING you exposure
@james-konradbryan51563 жыл бұрын
Hi, love your channel, but how did you get from 200000, to 255256 adding 1.05% a year over 5 years?
@JamieYork3 жыл бұрын
Compounding baby! Type 200000 times 1.05 on your calculator and hit equals 5 times!
@james-konradbryan51563 жыл бұрын
@@JamieYork Yup, but still only getting to just over 210000.
@JamieYork3 жыл бұрын
You’re doing something wrong bud. 210000 is five percent for only 1 year... not 5 :)
@roguewon34273 жыл бұрын
Is it still worth doing Buy to Lets.
@ianh98713 жыл бұрын
3% second property surcharge, Capital gains about to go up, S24 if owned in sole name, if in LTD Corp tax going up to 25% being announced in budget. All this will be dwarfed by the cost of improving properties to meet climate change, EPC requirements will be increased and paid by landlords. Dont know if this answers your question.
@JamieYork3 жыл бұрын
Yep... follow what Ian says. Nothing to see here ... *snaps up the deals whilst others turn their back on BTL* 😂 okay, Jokes aside, YES! BTLs are still an incredible investment opportunity. People have been spouting BTL is dead for yearsssss but it’ll never die EVER just run the Humber’s on your percentage and just go from there :)
@roguewon34273 жыл бұрын
@@JamieYork Thank You Jamie. Also your statement.." I will never own my properties outright .." is outrageous, but i cant believe i ve been missing the point of BTL.
@BillyLingard3 жыл бұрын
Is it easier to finance a property you own outright?
@JamieYork3 жыл бұрын
It's a not easier :)
@mhoward1813 жыл бұрын
LIES. Or rumours. Iv heard of this before on Utube. But I called my broker a year ago about this. She said if the value of property drops they won’t ask you to pay the difference. She said she has never heard of this happening. Why would it. You would end up paying them less interest. Think about it.
@JamieYork3 жыл бұрын
Depends on the situation and the amount of skin you have in the game