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@JigneshSanghvi3 ай бұрын
CGT applicable on investment property but not when you sell residential.
@megaman20167 ай бұрын
I don't know, that mortgage that Zuckerberg took out ia probably fixed at 1% for the life of the mortgage so he is winning. But in the UK after your fixed term expires you can easily be paying more that inflation and losing money.
@motivationzunet7 ай бұрын
You won't be losing money because the ROI on the house will more than cover the mortgage, and being leveraged exponentially increases your gains on capital appreciation
@megaman20167 ай бұрын
@@motivationzunet that's if you make more than the interest and inflation with the money you have in hand
@DuaneJasperАй бұрын
Cracking stuff thanks. A big thing when starting a family is where you are able to live- although it can feel a bit snobby, more expensive areas generally have better schools, better facilities, less crime etc, and perhaps controversially better peers for your children to meet in terms of a successful life trajectory. You can sometimes gain access to these benefits by renting as apposed to buying a family home somewhere else
@carlos91916 ай бұрын
6th: they know how to avoid the taxman
@youtubeman50337 ай бұрын
When I put my house up for sale a guy turned up at my door a day before it went on the market, he offered me 20 grand less than I wanted , I told him to naff off he went mad telling me my house wasn’t worth what I was askin for, it, so I told him to naff off again, I sold the house the next day for full askin price, I wonder how he found out the house was for sale, but it didn’t matter ,if he’d have offered me 20 grand more I would still have told him to naff off, it’s not all about money, and a rich guy can’t get what he wants if he’s dealing with somebody who doesn’t care about money,
@ShobhitChandra27067 ай бұрын
At 11:08 to 11:20 in your video, you mentioned tax break. What are these tax breaks in the UK?
@jonathanobyrne55397 ай бұрын
It looks like he is referring to the purchase of your own property as a primary place of residence. Your own residence is exempt from capital gains when you sell it. There are exemptions on inheritance tax and if you’re a first time buyer or buying your first property in most instances the stamp duty land tax will be more favourable.
@EC-ge3do7 ай бұрын
Hello im new to this channel and I like the vids. Youv mentioned a few times that in your opinion its better to get a smaller amount of more expensive properties than lots of smaller cheaper ones. . I have 90k,i live in london. The bank said I can borrow 160 so I can afford a place for 250k. I just dont know where to buy. People keep saying up north, Nottingham ect. I am a first time buyer, so i will avoid stamp duty so would it be better to buy just 1 property with my money? Im interested in good cash flow so I can repeat, and im 42 now I want to get a move on, and people keep talking about a crash potentially happening. Please can someone advise a good area, and how many bedrooms, leasehold or freehold. Please I would appreciate its doing my head in iv been trying to decide for the last year. Thank you
@alexius81117 ай бұрын
yeah tell that to me paying 5.03% and thousand of pounds on intrest only . That works for the rich who can get below market rates
@s4lino7 ай бұрын
i am no superhero, but yes, you are referring to how the rich get richer and the not so not as easy but slowly work your way up, as you show your borrower you are more able to return their goods in a timely manner the better conditions they can give you for the same amount...eg...most people who dont have a lot in terms of networth or assets...goes and blow their wallet like they are above their networth so obviously = no good rate for them on the other hand...i saw that mr meta created or added 30b to his pile of goodies and the world rewarded him with 10x value on his main box/home aka now is 300m in value...so get a credit benchmark and work your way up like pumping muscles we all got to start somewhere and yes when you curl bigs like arnie and coleman...you do deserve the favours of the cuter chics....fair isn't it?
@jibinnjonginyil7 ай бұрын
All property investors saying it’s so good to own property at this down turn. Hope you are not trying to off load.
@Billy_W7 ай бұрын
May be downturn for buyers but owners are still collecting rents every month.
@jibinnjonginyil7 ай бұрын
@@Billy_W BTL sales are 300% up.
@Rene_Descartes7 ай бұрын
Ronaldo knows
@hpatel57147 ай бұрын
And Messi too
@nickfree49747 ай бұрын
Why is owning one’s own home such a great tax break??
@lukespooner77967 ай бұрын
You don’t pay Capital Gains tax on increased property value / profit when you sell.