In this video I explain how to become a millionaire by investing in real estate with only £15,000. I explain the two main strategies of investing in property and also touch on the more complex strategies such as rent to rent, lease options and property sourcing.
Buy to let is where you buy and rent that property to a tenant, this has a number of up sides such as monthly income and future capital value increase. It also has some down sides such as future problems, regulation and delayed cashflow.
Buy to sell is where you buy a property to sell later. This has a number of advantages such as faster cash, little future problems and less regulations. However, it also has some down sides such as tax issues, lack of monthly income and future capital values.
The more complex strategies like rent to rent, lease options and property sourcing are unlikely to be true 'no money down' strategies as there are very complex agreements involved, the strategies are often not allowed by mortgage companies/lease agreements and it is also unlikely/unrealistic that a wealthy investor will sell you their property for significantly less than market value. There are also a significant number of fees involved such as legal fees, mortgage fees, mortgage payments, insurance, council tax etc.
Buying the gap takes advantage of people that are willing to pay more for something perfect and that wont touch something that isn't perfect. This can leave quite big gaps between the perfect properties and non perfect properties, quite a bit more than the £10,000 to £15,000 it might cost to refurbish the property.
Programs
Email thomas.j.smallbone @gmail.com to purchase the full property investing course for only £99.
Social media
Instagram - ThomasJamesYT - https://instagram.com/thomasjamesyt
TikTok - ThomasJamesYT - https://tiktok.com/ @thomasjamesyt
Subscribe for more property related content - https://youtube.com/channel/UCRTndpz_fpcVcoVe0QF1IgA
The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
#PropertyInvesting #RealEstate #HowToBecomeAMillionaire
Buy to let is where you buy and rent that property to a tenant, this has a number of up sides such as monthly income and future capital value increase. It also has some down sides such as future problems, regulation and delayed cashflow.
Buy to sell is where you buy a property to sell later. This has a number of advantages such as faster cash, little future problems and less regulations. However, it also has some down sides such as tax issues, lack of monthly income and future capital values.
The more complex strategies like rent to rent, lease options and property sourcing are unlikely to be true 'no money down' strategies as there are very complex agreements involved, the strategies are often not allowed by mortgage companies/lease agreements and it is also unlikely/unrealistic that a wealthy investor will sell you their property for significantly less than market value. There are also a significant number of fees involved such as legal fees, mortgage fees, mortgage payments, insurance, council tax etc.
Buying the gap takes advantage of people that are willing to pay more for something perfect and that wont touch something that isn't perfect. This can leave quite big gaps between the perfect properties and non perfect properties, quite a bit more than the £10,000 to £15,000 it might cost to refurbish the property.
Programs
Email thomas.j.smallbone @gmail.com to purchase the full property investing course for only £99.
Social media
Instagram - ThomasJamesYT - https://instagram.com/thomasjamesyt
TikTok - ThomasJamesYT - https://tiktok.com/ @thomasjamesyt
Subscribe for more property related content - https://youtube.com/channel/UCRTndpz_fpcVcoVe0QF1IgA
The information in these videos shall not be construed as tax, legal, insurance, construction, engineering, health and safety, electrical or financial advice. IF stocks or companies are mentioned, Thomas MAY have an ownership interest in them -- DO NOT make buying or selling decisions based on Thomas' videos. If you need such advice, please contact a qualified accountant, solicitor, insurance agent, contractor/electrician/engineer/etc. or financial advisor.
This is not an advertisement of property for sale and shall not be construed as anything other than an opinion for entertainment purposes only.
#PropertyInvesting #RealEstate #HowToBecomeAMillionaire
Ew
Good videos. Kudos for being honest about the Guru strategies. Question: Why would someone want to invest £99 for a property course from someone who has limited property experience (two properties as you stated in your comments below) ?
Good video explaining the process. Out of interest how many times have you done this process yourself?
Surely though I have to still pay capital gains on all of this gains from the flips so it's not 150k to 200k profit net because it will be taxed for capital gains in the uk on a residential property is 28% That is why you would be better to trade REIT ETFs imho as it can be done inside of your pension or isa allowances. Why you didnt mention any of the CG or stamp duty etc?
A 10% down mortgage for a flip? where you getting that?
With brrr, is finding and buying a property below market value necessary?
Keep it up!
Great goal! BRRR is the way forward for me
Can’t wait to check out some of your other videos!! You deserve more views! Did you ever check followsm . c o m? You should use it, it will help you get the views that you deserve.
Did u know of a negative demand for houses?
2 questions….What’s your take on the situation going off in the uk now. If we do go in lockdown and company keep making there staff redundant how will you keep your property payments if you have a Mortgage in place? Or if it’s mortgage free how do you make an income with non paying tenants? …. just keeping in mind it can take upto 3-6 month to legally get someone out of you property. Just wanting to see what your opinion on this situation or what you plan to do and now make a loss.
What topics should I go further in depth on for upcoming videos?