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@@hardcorecrypto6737 0iq

Maybe

Hi has his own bank

I agree. That's somewhat of a perfect vacuum scenario haha. But essentially, borrowing money to grow your portfolio is the best way. Unless inherited, money saved up in the bank are being devalued with each passing year and they are not working for you. A mortgage at least allows for it to pay itself, slowly but surely presuming no damage of great cost has occurred haha.

What do you want to know?

@Red Rooster Not really. More properties means more tenants to manage. You'll be at a lower tax bracket with one property than with 4, and property tax can be more than half the profit alone.

@@R168Y he basically said regardless of how you want to invest, you should always plunge yourself in debt because equity will never be devalued. That's pretty silly. Not everyone wants to be hundreds of thousands of dollars in debt for 30 years having to manage multiple properties.

@Red Rooster what a reply .. spot on !!!

Red Rooster wow

The next crash is coming

@Dickgirl Nationalist after all the stimulus checks/COVID relief/quantitative easing etc, it’s inevitable. The housing bubble is due to burst at some point. Every government has been kicking the bucket down the road.

@Dickgirl Nationalist Well, here we are. Crash in commencement.

@dickgirlnationalist4603 the next is coming dumbass. assuming an optimistic future after all that happen is stupid. it will be better but not for next years

Excellent question 👍🏼👍🏼

Sean Edwards Type in Samuel Leeds limited company and you’ll get your answer. He’s done a few videos on this

Gus Adamiw thanks man

Yes please! Can you do a video on this Samuel?

@livestupid thinkbrilliant same 😅😅

mughat I have never heard of being forced to repay a loan because of a recession🤔

​@@roselove3710 Depends on the loan type i guess. Some loans can be recalled when the bank feels like it.

mughat a Only if you do not pay the taxes or insurance can a fixed mortgage loan be recalled legally for no reason....

I think you're referring specifically to interest only mortgages? These are always recalled in full, eventually. It is an important point.

@@roselove3710 I've read an article about a guy who was forced and in one week lost 5mil worth of portfolio. He rebuilt his wealth 10 years later.

It should be the least of my problems when im dead by 60 hahha kidding aside, but you have a point

Aneesah Bana and imposes that yield will always be higher than interest rates

I bet you are broke if you say sh*t like this... 😁

💯

Wow😳 that was really pedantic of you🙄🙈 you need to more grateful he's even bothering to explain how to become more successful in life💯

Hi Craig. No, I don't think it was. If you're going to advise people on finance I think it's VITAL that you get your figures right. Imagine if his bank got his mortgages wrong by 50% and 10 years? It matters, and that's why.

Craig Lewis lol samual isn’t god. Stop noshing him off. His figures are out. Simple

@Red Rooster Everything is wrong with that, he said BOTH died at 60, watch it again! He also got the figures 50% too low on BOTH. I CAN do maths, that's why I noticed straight away. I'll ignore your personal dig, but the fact remains... when the figures are completely wrong it detracts from his point. I actually think he makes a valid point, so it's a shame.

@@lewsaboy1645 I have no words for negative shit like that, hope you have a good year tho🍻

Don't be a fool. Pay cash. The love of money is the root of all evil. You have been warned

Speak to a broker. Borrow from a variety of lenders

You fake your own dead, get new ID and start over

You've gotta have a strategy to see how desirable an area is for renting. Seeing what else is around the place like shopping centres and places of business helps

You tell the government and they put illegals in them.

Linneson Reddy depends if property prices are increasing at a steady rate over there

he is also assuming 10% net return for renting, which is insanely unrealistic

The big crash is coming. Wait for fulough to end and interest rates to rise to combat inflation and the near future looks grim for those with a mortgage

@@robertolivavidal5898 he works for the banks. Most people know yield is around 6 to 7%

@@purpletruths6673 in europe yield is more around 0.01%, 6% is unrealistic.

@@robertolivavidal5898 in the UK 6% is the average please check

Good question. You can't get a residential mortgage without at least some earned income, and it's very difficult (although apparently not impossible according to Samuel) to get a BTL mortgage without owning your own residential property first. I was working approximately 4 hours a week when I bought my house though, so it isn't as difficult as many make out.

@@peachent any income will do I hear but if your only income is disability? I know 13 people in the city hospital who are intelligent and motivated and also completely hacked off that they're in and out of hospital but they all want in on buy to let's and bridge to let's. I showed them all over a few hospital visits everything I've learned about how to find and calculate deals, different strategies (missing out lease option agreements) and more and they have some savings and a LOT of time. They dont qualify for the buy to let or the refinancing part of a bridge to let although we're told that the lenders are interested in the properties and net profits etc. I just feel, probably like thousands of people on either benefits or on zero income, that property KZfaqrs are deliberately missing them out because that's the group (long term ill or long time unemployed) that kill the momentum. I'd much rather see Samuel get someone who is housebound and on benefits into a buy to let deal than putting out another video about an employed person or an already established, healthy director of a company creating even more wealth through deal sourcing. I think it's time for that video series and I've already started filming it.

I think you make a good point. This video is based on an assumed sum of £1,000,000 in liquid assets to invest, which is not relevant to 99% of the population. As I understand it, out of work benefits are not accepted by mortgage lenders but some do count in work benefits, such as working tax credits.

Truth bombs lol.

It's a fair point though. Too ill to work, yet well enough to become a landlord?

thanks, I am in Manchester Wednesday for a crash course on tour

Then if you are highly leveraged, as suggested in this video, you are also highly screwed.

mrdojob thanks that makes sense

mrdojob oh yeah, don't worry. Thanks

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I don’t believe you can effectively refinance on properties worth as much as 1million.

Why buy in cash and then refinance? Just finance it from the start.

Much quicker to finance from the start is what I’m saying

Have a good job so you will be able to pay the mortgage no matter what. Even if there are no tenants

O another question I bought a house 3 years ago the house is valued at £330k with a mortgage of £180k but I bought it with help to buy (£60k) can I remortgage an pull out some money for a deposit to start in property. Thanks John

You can remortgage but there may be fees to do that before the end of your fixed term. You can borrow upto 4-5 times your annual salary .

You can remortgage but there may be fees to do that before the end of your fixed term. You can borrow upto 4-5 times your annual salary. So if you earn enough then yes you can release some cash and try to get an interest only mortgage

To make bankers rich, yesss 😉

Savage Tech as long as the ROI is higher than the interest rates it’s fine

@@shxvxm7207ok thanks, i guess you just need to be a lot more cautious when investing.

Savage Tech go for fixed rates and find yourself an exit strategy for when the mortgages start to end

@@maximyles Thanks for the help!

@rb5286 if you are talking about the intrest rates in england they might not but i live in greece and here now they are around the 7% mark unfortunatelly.

Wilmer Andersson you’ll be in negative equity. You’ll have to wait for them to go up again.

I can tell you what happens if you have 4 mortgages for £750K each. You'll lose a crapload of money.

@@MrBonified66 as long as the properties you buy cashflow, you shouldn't care too much about the value of the house going up and down. During recessions, rents tend to actually go up, because people can't afford to buy homes so they rent.

Get good credit or a good broker.

Start building up your credit rating asap

Then you have to cover the mortgage payments, plus court costs, having the house repossessed ect. Thats the main reason I don't buy property in the UK, here in Texas the law is on the landlord side, which means if the tenant stops paying you give them 30 days notice, if they don't leave they get arrested.