Where To Buy For Cash Flow in 2024
16:16
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@Rodriguezpaul-9
@Rodriguezpaul-9 Сағат бұрын
I lost over $70k when everything started to tank. Not because I was in an exchange that went belly up. I was just stupid to hold and because that's what everyone said. I'm still responsible. It just taught me to be a better investor now that I understand more of what could go wrong. It took me over two years of being in the market, I'm really grateful I found one source to recover my money, at least $10k profits weekly. Thanks Natalie Strayer
@daveturner343
@daveturner343 Күн бұрын
What would you be left with after tax if you bought through a limited company vs as a private landlord already on the 40% tax bracket? That could make a decent vidio
@andrewboy3159
@andrewboy3159 2 күн бұрын
Love it! Would you do these 10 properties on your name or setup a company?
@Boothster77
@Boothster77 6 күн бұрын
UK government is taxing btl residential landlords and it's only going to get worse....don't do it!
@OlaMayor
@OlaMayor 8 күн бұрын
How much capital does it require to buy property in the US..
@Moiparici
@Moiparici 12 күн бұрын
Wow, great content!!! I just subscribed to your channel! Just a few questions. - How did you find the broker? - How can any of us, who are not into real estate find a good and reliable one? Thanks for sharing Stephen 🤗🤗🤗
@Loopyloupy
@Loopyloupy 14 күн бұрын
Thanks for the great video. What kind of mortgage do you personally refinance with? Interest only or repayment?
@ell_3150
@ell_3150 15 күн бұрын
loving these videos!
@ElliottWhite-n5k
@ElliottWhite-n5k 15 күн бұрын
Thank you so much for this. As a uk citizen, would it be possible to secure financing through an llc? Do you have a video on this?
@StephenDuncombetv
@StephenDuncombetv 15 күн бұрын
You can if you have 2 years of accounts with the LLC
@ElliottWhite-n5k
@ElliottWhite-n5k 15 күн бұрын
@@StephenDuncombetv and if you don’t have that, seller financing?
@StephenDuncombetv
@StephenDuncombetv 15 күн бұрын
@ElliottWhite-n5k yes or all cash.
@wonke-bo4fx
@wonke-bo4fx 15 күн бұрын
Good video bro❤
@orehman8696
@orehman8696 16 күн бұрын
Why do most property investors not think of retirement? Why not buy buy to lets, get the mortgage paid off buy the rent within 20 to 25 years then live off the rental income or sell the property? Even if you are not making any net profit, isnt it still better to just keep the property rented until the mortgage is paid off?
@afshinexpert5316
@afshinexpert5316 16 күн бұрын
Lots of talking to say Buy and Rent if you have money 😂
@skz0099
@skz0099 16 күн бұрын
Is that sign language? Lol 😂
@custardpie8101
@custardpie8101 20 күн бұрын
Do you have a US bank account? If not, do you use something such as WISE to manage movement of money from US to UK or vice versa?
@StephenDuncombetv
@StephenDuncombetv 20 күн бұрын
Yes I do. And use a transfer service ofx.
@custardpie8101
@custardpie8101 20 күн бұрын
@@StephenDuncombetv How easy is it to gain a US bank account if owning US property but living abroad (UK)?
@StephenDuncombetv
@StephenDuncombetv 20 күн бұрын
@custardpie8101 super easy if you have an LLC and an ITIN.
@ashleyvanderpuye1658
@ashleyvanderpuye1658 Ай бұрын
Brilliant video, really informative 👍
@user-ew5fd2xu5x
@user-ew5fd2xu5x Ай бұрын
Really helpful 👍🏻
@chriswildey8430
@chriswildey8430 Ай бұрын
I know you try to find properties that have long-term tenants in place, but would be interesting if you could do a video about commercial properties becoming vacant. I imagine commercial properties are harder to find new tenants, and would be interesting to understand your insights on the landlord being liable for business rates. Honestly, it is these aspects that worry me about investing in commercial property.
@StephenDuncombetv
@StephenDuncombetv Ай бұрын
Yes they are the risks. I will do a video on those points at some point but I go over the details in my uplevel workshop. Waitlist is in description.
@bartoni79
@bartoni79 Ай бұрын
Do tenants always pay business rates or does the freeholder sometimes pay and incorporate into the rent?
@StephenDuncombetv
@StephenDuncombetv Ай бұрын
Tenants should be the ones that pay the business rates. Otherwise a dodgy landlord could receive the business rates and not pay them.
@bartoni79
@bartoni79 Ай бұрын
I suppose if paid by the tenant in a long lease it also removes the issue of business rate rises as it doesn’t affect the LL
@drummingspain207
@drummingspain207 Ай бұрын
Although the numbers may appear good as presented, let's face it, they're not realistic. There will always be some refurb costs, especially at this price point. Also, as the properties are flung all over the place, you'd have to allow for a management company, then ongoing repairs, possibly costs to bring them up to a 'C' rating, periods for un-occupation, cleaning / inventory at changeover etc. Not sure if 80% BTL is realistic, but many interest only motgages also carry hefty arrangement fees. Once all this is factored in, some of these deals no longer appear viable. It would be nice to see realistic and accurate budgeting. Otherwise, investors could be managing a large portfolio and not actually generating any income at all. Our money is for investing wisely, not viewing the world with rose-tinted spectacles.
@StephenDuncombetv
@StephenDuncombetv Ай бұрын
I included all the numbers you need. If you’re refurbishing a property you would make sure it’s EPC C as a minimum. I was not advocating interest only mortgages in fact you should use repayment and own property debt free. It’s 75% LTV. Again if you have just refurbished a property it’s likely you will not have many repairs to do for several years. Thanks for taking the time to comment though.
@bartoni79
@bartoni79 Ай бұрын
Is it possible to get a commercial mortgage without owning a BTL first? Say if you put down 30% rather than 25%?
@StephenDuncombetv
@StephenDuncombetv Ай бұрын
The deposit doesn’t matter. If you want to find out contact any commercial broker and ask them. 😀
@nishantth
@nishantth Ай бұрын
Is it not better to do in a ltd company so it saves capital gains ?
@StephenDuncombetv
@StephenDuncombetv Ай бұрын
You can do that and pay company tax on the profit.
@mhermovsisyan515
@mhermovsisyan515 Ай бұрын
What legal structure are you using to invest in the US?
@StephenDuncombetv
@StephenDuncombetv Ай бұрын
LLC
@paularowswell2840
@paularowswell2840 Ай бұрын
Hi, can you recommend a broker/lender - who do you work with? Many thanks
@IncognitoIRL
@IncognitoIRL Ай бұрын
Thank you so much for this video! My partner and I are London based and branching out into the US and are trying to figure things out on our own so this is priceless coming from a Brit. Here we have Zoopla sold prices to know values and sold prices on a road, down to the door number. Can you do a video on how to find this out in America? Stumbling around Zillow trying to find this info atm. Also there are loads of rental videos, do you know much about flipping out there?
@lr2564
@lr2564 Ай бұрын
I really like your delivery. It's calm and easy to listen to. I hate property people who shout and use stupid phrases like 'wads of cash' etc....instant distrust for me.
@StephenDuncombetv
@StephenDuncombetv Ай бұрын
Thanks, I appreciate the feedback.
@tomatobrush3283
@tomatobrush3283 Ай бұрын
Wow interesting to hear all the detailed costs like that and also that guests expect a 24 hour on call service. I wouldn't do that, just have an email address and that is all. Is that possible do you think?
@StephenDuncombetv
@StephenDuncombetv Ай бұрын
Everything’s possible but you’ll get 1 star review if people have an issue and you cannot sort it quickly. 5 stars if you’re on your game.
@SerYoga1
@SerYoga1 Ай бұрын
Good man, thank you for sharing your knowledge 😊👍 Subscribed, will be waiting for more episodes 😊
@mikeroyce8926
@mikeroyce8926 Ай бұрын
In which city/town was this property? Or if you don't want to share, would you be happy to share in which county the property was?
@nc3990
@nc3990 2 ай бұрын
Great videos! If I invest in properties in multiple states, will I need an attorney/accountant/realtor for each state etc and will this make the investment less worthwhile?
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
No you can have one accountant for all your investments. I used a different attorney but it’s per transaction so it’s no different to using different solicitors here. Realtors help you buy/sell property - again per transaction. I hope that helps
@sukhsran
@sukhsran 2 ай бұрын
Great video..
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
Thanks I appreciate the kind words.
@Tim-Thompson
@Tim-Thompson 2 ай бұрын
Best commercial property channel by far!!
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
Thanks Tim 😀
@sambuka10000
@sambuka10000 2 ай бұрын
Iv just come into roughly 80k my plan was to put that into commercial straight away but now youve said we need to at least have 1 BTL property for experience. thats nipped my plans in the bud😂, what ill have to do now then is break that down into 1-2 BTL re mortgage or sell then go from there i suppose🤔 am i on the right track?
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
Yep getting your first investment property is important if you want to use leverage with commercial.
@Noor-kp1yb
@Noor-kp1yb 2 ай бұрын
Stephen do you still run SA now in 2024 ?
@rikardsaje
@rikardsaje 2 ай бұрын
Really good information, what's the capital growth like in commercial property?
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
Location it’s important as land values will impact capital growth. The rental income also drives the value and so can be impacted quickly, if for example you get a higher or lower rent.
@manni192
@manni192 2 ай бұрын
I only own commercial property
@bouwah85
@bouwah85 2 ай бұрын
Me too❤
@bartoni79
@bartoni79 Ай бұрын
Did you own a residential BTL first?
@manni192
@manni192 Ай бұрын
@@bartoni79 No
@bartoni79
@bartoni79 Ай бұрын
@@manni192 which mortgage company / broker did you use? (If you don’t mind me asking)
@manni192
@manni192 Ай бұрын
@@bartoni79 didn't, bought it outright
@Barra32
@Barra32 2 ай бұрын
Looking at breaking into the us market from the uk as you have. What advice would have for starting out in the us with no history there?
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
Find someone who has done it before and find out how to do it. There’s too much for me to say in a comment.
@davidcalvert-smith4633
@davidcalvert-smith4633 2 ай бұрын
Interesting video - I plan to move into commercial property in the not too distant future. In this market what interest rate are you paying for a A1 tenant? I’m finding the yields are pretty low for properties with really strong covenants. But I really need to get educated in this department
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
You'll find that the yield will vary by location, but you can find exceptions. I would be looking to get minimum 8% yield and you can still get great tenants such as the NHS on long leases in the south east at 10% yield but you need to spend more money on the property.
@EC-ge3do
@EC-ge3do 2 ай бұрын
sounds good..what do you think renting your residential property to the council. cheers.
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
If the gross rent you make is the net rent you receive and you have no tenant hassles or concerns about legislation changes and there are future opportunities to manufacture growth either from capital appreciation of cash flow then it could be something to consider.
@noble4300
@noble4300 2 ай бұрын
Great video, what’s the website you use to see who’s currently renting it and if it’s FRI?
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
My favourite website to find commercial property are Zoopla and LoopNet. RightMove is making a come back though with commercial but the search has limitations.
@FRESHLIVINGSPACE
@FRESHLIVINGSPACE 2 ай бұрын
Good information
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
Thanks for watching 😀
@Wonderful_World007
@Wonderful_World007 2 ай бұрын
thanks
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
You're welcome!
@luiselvis2059
@luiselvis2059 2 ай бұрын
Ola Stphen, are in interested in commercial properties in portugal? Seaside boomi g city Algarve?? Has a 15 yr lease with it
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
Not unless the cap rates are over 20%. I can buy 15 year leases properties in the UK and earn GBP and understand the market dynamics better here. The reward would need to outway the risk.
@tomatobrush3283
@tomatobrush3283 2 ай бұрын
I am looking to buy first commercial and I could get a decent cashflow with my 150k but then Ill be left trying to save up again but then I could do another live in flip with 50k + loans and then have 80k left of investing in commercial but that doesn't go far. Should I go all in for cashflow and then save up again or should I do another live in flip?
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
You can still manufacture growth with commercial simply by putting a tenant in a vacant property. You buy it for £150k get a tenant that pays £25k+ in rent, the new value can then easily be worth £300k, you refinance at 75% LTV and go again.
@wonke-bo4fx
@wonke-bo4fx 2 ай бұрын
Sounds good bro 🎉
@ChrisModen
@ChrisModen 2 ай бұрын
Another excellent video Stephen 👌🏻
@thomasbarnes4558
@thomasbarnes4558 2 ай бұрын
amazing video thanks
@Barra32
@Barra32 2 ай бұрын
Hiya, whats the best way to purchase property in the US as a non-US citizen? As an individual or under a company name like here in the UK? And where would you start with in terms of lenders and securing financing?
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
I bought in a company name as it’s more litigious in the US. You cannot get finance until you’ve got at least 2 years tax returns.
@Barra32
@Barra32 2 ай бұрын
@@StephenDuncombetv thanks, so whats the best way to generate tax returns if you’re not living in the US
@mpdesousa
@mpdesousa 2 ай бұрын
Great video! What software are you using for the HMO map?
@StephenDuncombetv
@StephenDuncombetv 2 ай бұрын
I use Property Data - Split £150 credit 👉 propertydata.co.uk/r/wV31ZGK3
@nadiad6816
@nadiad6816 2 ай бұрын
What about tax? Have you calculated that? You would have to pay tax now on the full amount of rent regardless mortgage payments, wouldn't you? Wouldn't you get into negative return? Thanks
@Stabila64
@Stabila64 3 ай бұрын
.....btw, I'm talking generally and realise a more detailing number game will be needed. My question was for quick assessment purposes. Thanks again.