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@JC097
@JC097 Күн бұрын
As a property investor for 20 years. This is one of the best property videos I have ever seen. Thanks for the openness and willingness to share.
@suvvx900
@suvvx900 Күн бұрын
Switched on guy with a mad work ethic. Surprised he was renting his family home tho.
@adamsowa5927
@adamsowa5927 Күн бұрын
Lost me at I lived with my mum and dad 😂
@peterjones5720
@peterjones5720 Күн бұрын
Tunnel vision and makes dreams come true! Well done.
@KATE67769
@KATE67769 Күн бұрын
Congratulations on your success , good luck with you future plans , great information 👌🏼👌🏼
@jackdavidsmith
@jackdavidsmith Күн бұрын
Thank you! You too!
@MitchNunnProperty
@MitchNunnProperty Күн бұрын
Top lad and Great pod 👌🏻👊🏻
@jackdavidsmith
@jackdavidsmith Күн бұрын
Thanks mate 👍🏼 hope you’re good!
@MichaelJoordann
@MichaelJoordann Күн бұрын
Great episode mate 👌🏽
@jackdavidsmith
@jackdavidsmith Күн бұрын
@@MichaelJoordann thanks mate appreciate it. I definitely think it’ll bring a lot of value to aspiring HMO investors
@jackdavidsmith
@jackdavidsmith Күн бұрын
✅ Our Free Property Investment Playbook: bit.ly/4eHlECp
@barrymyers6844
@barrymyers6844 3 күн бұрын
I've filled out my details 3 times and I still haven't received the investment Deal Calculator. Is it available?
@jackdavidsmith
@jackdavidsmith 3 күн бұрын
@@barrymyers6844 hi Barry, I can see an email with access has been sent to you. Please check your spam/junk folder
@pusb_87english63
@pusb_87english63 4 күн бұрын
How much have you made………. Spouts a load of shite 😂😂😂
@jorgecarballo1654
@jorgecarballo1654 4 күн бұрын
That's a great video! Have you ever come across a property build on a inert landfill (not waste one)? Do you think would be difficult to sell after due to this being highlighted on the solicitor searches?
@jorgecarballo1654
@jorgecarballo1654 4 күн бұрын
That's a great video! Have you ever come across a property build on a inert landfill (not waste one)? Do you think would be difficult to sell after due to this being highlighted on the solicitor searches?
@mash439
@mash439 5 күн бұрын
Hi Enjoying the videos. I still haven't received the email to get the access to your platform
@jackdavidsmith
@jackdavidsmith 4 күн бұрын
Have you filled in your right email? And double checked your junk folder?
@bencolman7
@bencolman7 7 күн бұрын
Another informative one bud 👌🏻
@jackdavidsmith
@jackdavidsmith 7 күн бұрын
Glad you enjoyed it mate
@rudrabarathan2737
@rudrabarathan2737 8 күн бұрын
So! how much finance do you need to complete this project?
@jforjam4904
@jforjam4904 8 күн бұрын
If the house is vacant how do you get the owners personal address?
@kevinwooldridge2127
@kevinwooldridge2127 7 күн бұрын
you can set up an account with Land Registry then you just pay a small fee for each search, last time I did it i paid £3 so really cheap.
@christinemurray1444
@christinemurray1444 3 күн бұрын
​@@kevinwooldridge2127also, sometimes the electoral roll will tell you
@jjfaulkner98
@jjfaulkner98 8 күн бұрын
How do you find the initial investment to cover deposit, fees, and renovation costs? Also what’s your time frame to refinance?
@perryrumble5469
@perryrumble5469 8 күн бұрын
Jack and Jamie. Thanks guys.
@perryrumble5469
@perryrumble5469 8 күн бұрын
Well done wipper snapper. I'm still waiting for your response to maybe going a jv.. I have£40000 waiting .
@jackdavidsmith
@jackdavidsmith 8 күн бұрын
✅ Our Free Property Investment Playbook: bit.ly/3UZeulZ
@LindaChambers-i5o
@LindaChambers-i5o 9 күн бұрын
Walking around your latest developments especially the flips and all about the financial issues around them
@hassanamir387
@hassanamir387 10 күн бұрын
Kind of lost respect for you in this vid as you showing a complete lack of understanding of basics. Flipping and brrr 2 completely different strategies, and secondly you’re talking about it as if you’re getting all money out brrr on every deal, which as you know is not possible. If you’ve already got tons of cash, btls are great. If you need to build the cash pot, flips are the way to go
@adamsowa5927
@adamsowa5927 5 күн бұрын
Kind of agree with you here, however you can pull your money out of most deals if you budget properly and don’t get undervalued
@hassanamir387
@hassanamir387 5 күн бұрын
@ that’s just factually incorrect. How many all money out deals have you done? And how many people Dyou know who have consistently done all money out deals?
@adamsowa5927
@adamsowa5927 5 күн бұрын
@@hassanamir387 I have done 2 all money out deals in London by remodelling 1 bed flats with separate kitchens into 2 bed flats with open plan kitchens. By doing this I turned every £1 I spent into £5 added value.
@pilkers745
@pilkers745 11 күн бұрын
na
@kemradon
@kemradon 11 күн бұрын
Great information…Saj is a fountain of knowledge.
@adamsowa5927
@adamsowa5927 11 күн бұрын
Most deal sourcers, especially the R2R ones are glorified estate agents
@jamieyork6255
@jamieyork6255 9 күн бұрын
Unfortunately, a very fair comment
@TheElliottski
@TheElliottski 11 күн бұрын
Hi Jack great content thanks, keep it coming. I hadn't considered how quitting my 9-5 would effect my chances of getting a BTL mortgage. I'm currently employed full time, work in construction and plan on doing my first BRR next year. I was going to dive in head first and quit my job but perhaps I should rethink! Do you think it would make any difference to lenders that I paid cash for the property and refurb or will they still be looking for that monthly income? I can see this being a difficult hurdle to overcome. Presumably you can only quit your job once you have enough rental properties under your belt and sufficient income from them to keep the bank happy?
@WilliamBrown-e3t
@WilliamBrown-e3t 12 күн бұрын
Bull*hit. Post your tax return (redacted) or link to company accounts and I will believe it.
@ricopowar4190
@ricopowar4190 13 күн бұрын
Very good listen, Jamie is very knowledgeable!
@jamieyork6255
@jamieyork6255 9 күн бұрын
Ah thanks very much. Glad you got some value :)
@kevinwooldridge2127
@kevinwooldridge2127 13 күн бұрын
Great interview Jack, so much value in it, thank you
@tobybeswick36
@tobybeswick36 13 күн бұрын
Those costs are way off.. that house should’ve been bought for 100k, renovation 10-15k and resale 140k at most. I did a full renovation last year, new electrics, new plumbing/heating, plastered throughout, basically like a new build, and that sold for 180k.. someone isn’t paying 180 for a plastic cladding bathroom and half plastered..
@jamieyork6255
@jamieyork6255 14 күн бұрын
Jack, it was an absolute pleasure spending time with you in the office. I hope you and your viewers get some value from this interview 💪❤️
@jevonmarsh3762
@jevonmarsh3762 14 күн бұрын
Great pod gents Impressive Jamie; keep grinding
@HaHa-bc4zr
@HaHa-bc4zr 14 күн бұрын
Is even one of these property trainers on KZbin legit. No way hes clearing 5 million a year from buy to lets with mortgages in the uk. No no way.
@matth8145
@matth8145 14 күн бұрын
What makes you say he isn’t?
@johnpeters4268
@johnpeters4268 14 күн бұрын
None of these property trainers back up what they say with the information held on companies house.
@areyoutryingtosay
@areyoutryingtosay 14 күн бұрын
Being honest I don't like all of these property guys who make videos saying things with great confidence and ego but very incorrect information, especially about tax! But he didn't say he was making £5m a year from BTL, he said most of it is from 'education', there are 45 people, he's probably not the only shareholder and it's all funded by other people, simple because he talks a good game and most people don't know better - and to be fair probably do ok because of luck, being small and things going unquestioned
@toyanst.hilaire6126
@toyanst.hilaire6126 14 күн бұрын
lol , everything Jamie says in this video is true , I should know as I’ve worked here for five years
@jamieyork6255
@jamieyork6255 14 күн бұрын
I’m happy to answer any Qs you have. To clarify I DON’T make that from owning buy to let’s. I make will do roughly 10m this year across the group. The £5m will be circa what I do from deal packaging by to let’s. Apologies for any confusion there. Genuinely happy to answers any Qs, etc. I want to support wherever I can
@darktruth101
@darktruth101 15 күн бұрын
This was a genuinely interesting interview. You asked great questions and allowed Jamie to answer and started pulling at the threads :) Great stuff Jack!
@jackdavidsmith
@jackdavidsmith 15 күн бұрын
Glad you enjoyed it!
@jackdavidsmith
@jackdavidsmith 15 күн бұрын
✅ Get Our Free Property Investment Playbook: bit.ly/4er0Ejt
@gatekeeperboxing5898
@gatekeeperboxing5898 16 күн бұрын
Seems like a poor deal if you have to put up all the money and give away 50% of the profits, just to get someone experienced on board.
@yeshuaexcel3407
@yeshuaexcel3407 19 күн бұрын
How much should you pay a builder to estimate the refurb price pls ?
@yeshuaexcel3407
@yeshuaexcel3407 19 күн бұрын
Amazing
@cluberx1603
@cluberx1603 20 күн бұрын
Yeah mate but when doing this method you are not calculating very important factor , that is risk , when a recession hits and it will you are first bleeding.
@jasonwilliams7077
@jasonwilliams7077 22 күн бұрын
Great videos Jack, Any suggestions to which direction to take. Currently living in our family home which we have extended massively since purchasing in 2016. Ideally needs another £20-30,000 put into it to achieve full show home finish. Value is £750,000. Remaining Mortgage is £250,000. Currently self employed as carpenter/multitrade. No owned funds available to finish this house right now. Options I see are, 1. Take out a bridging loan for say £50,000 to enable completion of our current home. Complete and sell ideally within 6 months. This will leave approx £450,000 after paying bridging loan and mortgage. Purchase a smaller property of around £300-350,000 for family home. Leaving approx. £100,000 to use alongside another bridging loan to purchase another property to flip. Option 2. Keep the house we are in and would like to ideally stay in. Take out a bridging loan against this house for as much as possible to purchase a property to flip. Flip a few then brrr mixed in.
@jackdavidsmith
@jackdavidsmith 22 күн бұрын
It is hard to advise something like this because everyone's situation is different. Do you really love your current home? Would you actually be happy downsizing to a house half the value? If you are then you could sell and take the funds to invest. If you love the home you're in then you could just remortgage and take the funds and reinvest into investments.
@jasonwilliams7077
@jasonwilliams7077 20 күн бұрын
@jackdavidsmith not sure remortgaging is an option as low proof of earnings last couple of yrs but ideally yes stay in current home if possible.
@nothingtosee7718
@nothingtosee7718 26 күн бұрын
This is the worst government this country has seen in over 100 years. They are simply after taxing you to death and beyond. They don’t want people to be success, they want to make everyone poor, not better. Better hope labour can’t find a way to tax the oxygen in the air, or they will…!
@Neddie2k
@Neddie2k 26 күн бұрын
The economy was doing well, and some people thought, "Let's vote Labour." Now I can't move home. Good luck to anyone trying to get onto the property ladder. If people living in cheap houses refuse to move, you are not getting on any property ladder anytime soon.
@Mu5a__A
@Mu5a__A 26 күн бұрын
Can you make a video about this issue: I am home owner of my family house mortgage but want to buy my own house and move out even doe I technically own my family house, what will be the stamp duty and extra fees for me if I buy a house which is 300k
@VinceBShad
@VinceBShad 26 күн бұрын
So no changes to CGT on investment houses then. So why the hysterical title? Click bait? (Im a residential landlord btw)
@jafar-el
@jafar-el 26 күн бұрын
what about the Eden project in Morecambe? It’s got funding approved today, and would make the place more attractive for holidaymakers
@love83forever
@love83forever 26 күн бұрын
Hello Jack, this is my first time watching. And this is the strategy I have been having in mind. I have just signed up to your playbook.
@uroztas
@uroztas 26 күн бұрын
I would be so upset if any of this affected me but I couldn't give a shit because I'm broke. Why does anyone need 50 houses. Let some of the young people who are broke by some houses
@wintersun398
@wintersun398 26 күн бұрын
To get a mortgage someone would need to be employed. Any young people on minimum wage would have little chance of getting a mortgage, unless they are also sitting on a decent pot of assets.
@Neddie2k
@Neddie2k 26 күн бұрын
Educate yourself in a few months, you might be able to buy a house.
@Yantrus
@Yantrus 26 күн бұрын
@@wintersun398Would be easier for them to get a mortage if house prices were lower, and guess what would make them lower? Less people buying them up just to rent them out in the name of profit.
@marcus.H
@marcus.H 24 күн бұрын
​@@wintersun398 I recently helped a lady in her 20s buy a house with a mortgage. She's on minimum wage. She put in 9k of her own money and bought a really nice 2 bed house. She rents a room to her friend, so they both got an upgrade and with the rapid rise in wages, the 81k she currently owes could be paid off in less than 10 years. She had a bad credit file too
@Yantrus
@Yantrus 26 күн бұрын
Oh no, will someone please think of the plight of the landlord.
@larryanderson9711
@larryanderson9711 26 күн бұрын
Middlesborough 😮
@ambiencelectronica
@ambiencelectronica 26 күн бұрын
Step out of the public get into the private.
@gabrielheart9071
@gabrielheart9071 26 күн бұрын
Thanks for a clear update on the new tax implications.